Biotechnology: Biological Products (No Diagnostic Substances)

Amgen Inc. vs Moderna Inc.

WatchlistAMGN / MRNAPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($230B vs $91B) in Nasdaq's "Biotechnology: Biological Products (No Diagnostic Substances)" industry; SEC SIC 2836 / 2836 (same major group); #1 and #3 by market value ($230B vs $91B) with SEC SIC 2836 (Biological Products, (No Diagnostic Substances)).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.26 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: 0.33 (needs <= -2.873 (5% critical value))
  • Speed: half-life of the spread, sessions: 491.27 (needs <= 63)
Business leadership

AMGN is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearAMGNMRNALarger
2025$36.8B$1.9BAMGN
2024$33.4B$3.2BAMGN
2023$28.2B$6.8BAMGN
2022$26.3B$19.3BAMGN
2021$26.0B$18.5BAMGN
2020$25.4B$803MAMGN

AMGN led in every year with figures for both. Market value: AMGN $229.7B, MRNA $90.6B.

Stock leadership

MRNA is ahead now

Measured against the pair's own last 252 trading days.

MRNA leads AMGN by 2.01 standard deviations: +189.0% over its usual price ratio. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
AMGN+18.9%+28.3%+48.5%
MRNA+274.8%+283.4%+637.1%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 1979 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.26 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: 0.33 (needs <= -2.873 (5% critical value))
Fail
Speed: half-life of the spread, sessions: 491.27 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

AMGN Amgen Inc. MRNA Moderna Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
200400Oct 2024Oct 2025Oct 2026AMGN 139MRNA 375
Spread z-score: AMGN relative to MRNA, against the 252 sessions before each day. Above 0: AMGN ahead; below 0: MRNA ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateAMGN indexMRNA indexzAhead
2026-10-22139.05374.55-2.01MRNA ahead
2026-10-21136.27454.36-2.45MRNA ahead
2026-10-20136.46447.47-2.45MRNA ahead
2026-10-19132.11419.39-2.43MRNA ahead
2026-10-16134.46402.98-2.35MRNA ahead
2026-10-15134.93437.15-2.54MRNA ahead
2026-10-14132.47418.30-2.53MRNA ahead
2026-10-13128.35399.72-2.55MRNA ahead
2026-10-12129.82395.08-2.54MRNA ahead
2026-10-09128.98415.90-2.71MRNA ahead
2026-10-08126.67364.14-2.51MRNA ahead
2026-10-07128.42363.18-2.52MRNA ahead
2026-10-06125.16346.51-2.51MRNA ahead
2026-10-05125.28375.62-2.73MRNA ahead
2026-10-02125.30351.22-2.63MRNA ahead
2026-10-01126.62349.24-2.64MRNA ahead
2026-09-30131.04355.95-2.65MRNA ahead
2026-09-29131.70376.08-2.82MRNA ahead
2026-09-28129.99364.66-2.83MRNA ahead
2026-09-25128.90367.62-2.93MRNA ahead
2026-09-24126.23360.11-2.99MRNA ahead
2026-09-23126.25336.62-2.88MRNA ahead
2026-09-22127.54337.45-2.92MRNA ahead
2026-09-21122.23319.67-2.95MRNA ahead
2026-09-18119.89284.73-2.76MRNA ahead
2026-09-17118.07292.18-2.93MRNA ahead
2026-09-16117.00269.17-2.79MRNA ahead
2026-09-15116.78265.75-2.81MRNA ahead
2026-09-14118.60271.15-2.88MRNA ahead
2026-09-11117.31266.12-2.92MRNA ahead
2026-09-10118.91252.53-2.79MRNA ahead
2026-09-09121.64250.67-2.76MRNA ahead
2026-09-08122.23259.39-2.90MRNA ahead
2026-09-04135.93269.04-2.75MRNA ahead
2026-09-03138.07275.18-2.82MRNA ahead
2026-09-02137.67278.76-2.92MRNA ahead
2026-09-01136.21285.16-3.09MRNA ahead
2026-08-31133.64259.41-2.92MRNA ahead
2026-08-28134.43255.06-2.90MRNA ahead
2026-08-27135.85263.90-3.04MRNA ahead
2026-08-26136.90276.64-3.24MRNA ahead
2026-08-25137.49293.59-3.51MRNA ahead
2026-08-24137.98256.73-3.13MRNA ahead
2026-08-21136.58268.26-3.39MRNA ahead
2026-08-20134.84246.43-3.23MRNA ahead
2026-08-19137.52322.33-4.24MRNA ahead
2026-08-18132.21116.38-0.78MRNA ahead
2026-08-17130.38119.15-0.92MRNA ahead
2026-08-14129.08117.04-0.90MRNA ahead
2026-08-13129.90117.65-0.90MRNA ahead
2026-08-12129.39117.69-0.92MRNA ahead
2026-08-11128.80111.96-0.77MRNA ahead
2026-08-10129.70110.55-0.70MRNA ahead
2026-08-07127.76109.37-0.72MRNA ahead
2026-08-06125.8699.56-0.45near the usual relationship
2026-08-05126.79103.98-0.58MRNA ahead
2026-08-04121.25105.34-0.79MRNA ahead
2026-08-03117.79101.92-0.78MRNA ahead
2026-07-31119.74101.33-0.71MRNA ahead
2026-07-30120.51107.06-0.89MRNA ahead
2026-07-29120.51100.72-0.67MRNA ahead
2026-07-28122.21103.15-0.71MRNA ahead
2026-07-27116.97102.83-0.86MRNA ahead
2026-07-24116.9199.94-0.77MRNA ahead
2026-07-23115.49105.40-1.01MRNA ahead
2026-07-22113.80107.34-1.13MRNA ahead
2026-07-21113.86110.28-1.24MRNA ahead
2026-07-20113.22109.96-1.26MRNA ahead
2026-07-17113.87114.27-1.39MRNA ahead
2026-07-16115.52116.73-1.42MRNA ahead
2026-07-15111.40126.21-1.86MRNA ahead
2026-07-14110.44124.66-1.86MRNA ahead
2026-07-13112.06123.86-1.81MRNA ahead
2026-07-10112.97126.19-1.87MRNA ahead
2026-07-09113.04141.52-2.32MRNA ahead
2026-07-08114.40136.41-2.17MRNA ahead
2026-07-07114.44147.45-2.50MRNA ahead
2026-07-06113.92151.20-2.67MRNA ahead
2026-07-02116.32147.43-2.53MRNA ahead
2026-07-01112.33134.01-2.32MRNA ahead
2026-06-30112.58129.45-2.21MRNA ahead
2026-06-29112.09128.84-2.24MRNA ahead
2026-06-26111.40124.34-2.15MRNA ahead
2026-06-25109.69110.44-1.75MRNA ahead
2026-06-24109.26111.68-1.83MRNA ahead
2026-06-23107.88112.75-1.94MRNA ahead
2026-06-22107.17109.70-1.88MRNA ahead
2026-06-18104.96118.23-2.31MRNA ahead
2026-06-17106.22114.23-2.14MRNA ahead
2026-06-16108.14102.40-1.62MRNA ahead
2026-06-15108.9896.36-1.34MRNA ahead
2026-06-12110.4392.26-1.10MRNA ahead
2026-06-11110.0791.76-1.10MRNA ahead
2026-06-10105.0085.01-0.99MRNA ahead
2026-06-09107.1288.23-1.07MRNA ahead
2026-06-08107.4887.99-1.05MRNA ahead
2026-06-05108.6887.69-1.00MRNA ahead
2026-06-04107.4495.36-1.42MRNA ahead
2026-06-03105.1590.68-1.31MRNA ahead
2026-06-02102.0584.36-1.13MRNA ahead
2026-06-01102.3285.14-1.17MRNA ahead
2026-05-29104.7087.23-1.18MRNA ahead
2026-05-28104.6187.93-1.23MRNA ahead
2026-05-27104.4888.00-1.25MRNA ahead
2026-05-26104.4486.93-1.21MRNA ahead
2026-05-22105.4886.65-1.16MRNA ahead
2026-05-21104.9087.36-1.23MRNA ahead
2026-05-20103.0888.95-1.40MRNA ahead
2026-05-19102.8384.51-1.19MRNA ahead
2026-05-18100.8588.93-1.52MRNA ahead
2026-05-15101.4590.65-1.59MRNA ahead
2026-05-14104.5392.48-1.56MRNA ahead
2026-05-13104.6093.20-1.61MRNA ahead
2026-05-12104.5598.47-1.88MRNA ahead
2026-05-11102.4797.74-1.96MRNA ahead
2026-05-08103.12100.46-2.09MRNA ahead
2026-05-07102.3189.72-1.62MRNA ahead
2026-05-06102.9490.18-1.63MRNA ahead
2026-05-05102.4786.34-1.46MRNA ahead
2026-05-04100.6887.43-1.62MRNA ahead
2026-05-01102.5483.86-1.35MRNA ahead
2026-04-30107.6484.92-1.19MRNA ahead
2026-04-29105.0984.51-1.29MRNA ahead
2026-04-28105.5787.13-1.42MRNA ahead
2026-04-27105.7690.02-1.58MRNA ahead
2026-04-24107.1293.77-1.74MRNA ahead
2026-04-23108.3897.69-1.90MRNA ahead
2026-04-22107.54102.77-2.21MRNA ahead
2026-04-21107.21100.24-2.13MRNA ahead
2026-04-20108.86100.91-2.12MRNA ahead
2026-04-17110.4699.30-1.99MRNA ahead
2026-04-16108.62101.07-2.19MRNA ahead
2026-04-15108.26100.30-2.20MRNA ahead
2026-04-14109.1197.67-2.05MRNA ahead
2026-04-13108.7593.68-1.88MRNA ahead
2026-04-10109.1394.20-1.91MRNA ahead
2026-04-09110.5594.79-1.90MRNA ahead
2026-04-08108.7596.30-2.09MRNA ahead
2026-04-07105.7092.62-2.06MRNA ahead
2026-04-06106.5090.15-1.90MRNA ahead
2026-04-02108.1790.94-1.88MRNA ahead
2026-04-01109.8392.48-1.92MRNA ahead
2026-03-31109.3993.90-2.04MRNA ahead
2026-03-30108.5089.15-1.82MRNA ahead
2026-03-27108.4391.61-2.00MRNA ahead
2026-03-26109.7999.02-2.39MRNA ahead
2026-03-25110.0398.96-2.41MRNA ahead
2026-03-24108.3294.90-2.29MRNA ahead
2026-03-23108.7494.79-2.29MRNA ahead
2026-03-20108.1394.97-2.37MRNA ahead
2026-03-19108.7996.80-2.48MRNA ahead
2026-03-18109.2796.86-2.50MRNA ahead
2026-03-17112.2799.69-2.54MRNA ahead
2026-03-16113.8698.54-2.42MRNA ahead
2026-03-13113.8597.15-2.36MRNA ahead
2026-03-12114.3498.69-2.47MRNA ahead
2026-03-11117.40103.46-2.64MRNA ahead
2026-03-10116.72101.63-2.60MRNA ahead
2026-03-09117.20103.03-2.71MRNA ahead
2026-03-06114.8897.08-2.48MRNA ahead
2026-03-05114.2899.50-2.73MRNA ahead
2026-03-04117.91106.84-3.06MRNA ahead
2026-03-03117.2092.11-2.13MRNA ahead
2026-03-02119.9197.68-2.41MRNA ahead
2026-02-27120.6799.02-2.49MRNA ahead
2026-02-26117.9395.58-2.44MRNA ahead
2026-02-25119.4894.95-2.32MRNA ahead
2026-02-24119.0393.38-2.25MRNA ahead
2026-02-23117.9692.96-2.30MRNA ahead
2026-02-20116.5192.18-2.35MRNA ahead
2026-02-19116.7491.87-2.32MRNA ahead
2026-02-18118.0586.14-1.78MRNA ahead
2026-02-17116.0781.20-1.48MRNA ahead
2026-02-13114.7878.06-1.28MRNA ahead
2026-02-12113.8574.14-0.97MRNA ahead
2026-02-11113.9774.88-1.03MRNA ahead
2026-02-10113.3777.62-1.34MRNA ahead
2026-02-09116.8477.54-1.11MRNA ahead
2026-02-06119.4875.80-0.77MRNA ahead
2026-02-05114.3475.55-1.07MRNA ahead
2026-02-04113.8579.06-1.42MRNA ahead
2026-02-03105.2678.00-1.88MRNA ahead
2026-02-02107.1678.65-1.79MRNA ahead
2026-01-30106.2981.46-2.08MRNA ahead
2026-01-29106.6286.62-2.45MRNA ahead
2026-01-28106.3983.73-2.21MRNA ahead
2026-01-27109.2284.01-2.03MRNA ahead
2026-01-26108.7188.71-2.41MRNA ahead
2026-01-23107.1890.04-2.61MRNA ahead
2026-01-22107.9095.88-3.02MRNA ahead
2026-01-21106.8292.07-2.84MRNA ahead
2026-01-20102.9079.48-2.09MRNA ahead
2026-01-16102.7277.32-1.90MRNA ahead
2026-01-15102.6072.75-1.48MRNA ahead
2026-01-14102.2775.01-1.71MRNA ahead
2026-01-13100.8273.20-1.60MRNA ahead
2026-01-12101.2162.55-0.48near the usual relationship
2026-01-09101.3863.40-0.53MRNA ahead
2026-01-08102.6362.59-0.35near the usual relationship
2026-01-07106.2166.34-0.48near the usual relationship
2026-01-06102.6565.91-0.63MRNA ahead
2026-01-0599.7159.46-0.17near the usual relationship
2026-01-02101.8657.04+0.21near the usual relationship
2025-12-31101.7654.51+0.48near the usual relationship
2025-12-30102.1956.21+0.33near the usual relationship
2025-12-29102.4857.58+0.22near the usual relationship
2025-12-26103.5057.67+0.27near the usual relationship
2025-12-24103.8260.54+0.03near the usual relationship
2025-12-23103.0659.69+0.08near the usual relationship
2025-12-22103.0264.51-0.34near the usual relationship
2025-12-19101.7862.48-0.22near the usual relationship
2025-12-18100.8657.21+0.21near the usual relationship
2025-12-17101.3556.40+0.32near the usual relationship
2025-12-16101.5855.25+0.44near the usual relationship
2025-12-15101.1355.30+0.42near the usual relationship
2025-12-1298.7854.45+0.39near the usual relationship
2025-12-1198.6754.77+0.36near the usual relationship
2025-12-1098.0553.66+0.44near the usual relationship
2025-12-0997.5752.20+0.56AMGN ahead
2025-12-0899.8751.70+0.72AMGN ahead
2025-12-05102.5651.20+0.91AMGN ahead
2025-12-04105.7547.12+1.46AMGN ahead
2025-12-03107.3946.54+1.61AMGN ahead
2025-12-02105.1944.47+1.74AMGN ahead
2025-12-01104.9244.66+1.72AMGN ahead
2025-11-28107.4048.02+1.49AMGN ahead
2025-11-26107.1246.23+1.68AMGN ahead
2025-11-25106.0545.75+1.70AMGN ahead
2025-11-24103.9344.64+1.73AMGN ahead
2025-11-21104.9443.84+1.89AMGN ahead
2025-11-20104.4841.33+2.18AMGN ahead
2025-11-19106.4544.70+1.91AMGN ahead
2025-11-18106.9446.06+1.80AMGN ahead
2025-11-17106.2345.77+1.82AMGN ahead
2025-11-14104.6945.79+1.76AMGN ahead
2025-11-13104.4646.14+1.73AMGN ahead
2025-11-12104.5549.37+1.41AMGN ahead
2025-11-11105.2248.82+1.50AMGN ahead
2025-11-10100.6245.77+1.61AMGN ahead
2025-11-0799.5545.36+1.61AMGN ahead
2025-11-0698.1144.97+1.59AMGN ahead
2025-11-0599.4443.55+1.82AMGN ahead
2025-11-0492.2443.90+1.42AMGN ahead
2025-11-0392.1246.04+1.19AMGN ahead
2025-10-3192.7850.20+0.82AMGN ahead
2025-10-3090.7852.01+0.55AMGN ahead
2025-10-2990.7145.66+1.17AMGN ahead
2025-10-2890.8146.86+1.06AMGN ahead
2025-10-2790.5249.28+0.81AMGN ahead
2025-10-2490.7049.43+0.81AMGN ahead
2025-10-2391.0648.52+0.92AMGN ahead
2025-10-2292.0249.63+0.87AMGN ahead
2025-10-2193.6250.81+0.85AMGN ahead
2025-10-2094.3050.35+0.93AMGN ahead
2025-10-1792.9048.08+1.07AMGN ahead
2025-10-1691.9650.17+0.85AMGN ahead
2025-10-1592.4351.24+0.78AMGN ahead
2025-10-1491.3548.52+0.97AMGN ahead
2025-10-1390.9049.43+0.88AMGN ahead
2025-10-1090.2049.59+0.84AMGN ahead
2025-10-0991.8550.89+0.81AMGN ahead
2025-10-0891.5951.61+0.74AMGN ahead
2025-10-0791.8850.54+0.85AMGN ahead
2025-10-0691.4450.91+0.80AMGN ahead
2025-10-0392.6152.66+0.72AMGN ahead
2025-10-0292.4652.44+0.74AMGN ahead
2025-10-0192.8051.02+0.87AMGN ahead
2025-09-3087.7347.74+0.91AMGN ahead
2025-09-2985.1746.82+0.88AMGN ahead
2025-09-2684.8745.27+1.00AMGN ahead
2025-09-2584.3145.49+0.96AMGN ahead
2025-09-2486.8147.84+0.89AMGN ahead
2025-09-2389.1747.67+1.01AMGN ahead
2025-09-2288.9149.09+0.89AMGN ahead
2025-09-1988.7346.65+1.08AMGN ahead
2025-09-1885.7547.04+0.93AMGN ahead
2025-09-1785.4046.21+0.98AMGN ahead
2025-09-1684.9045.91+0.99AMGN ahead
2025-09-1585.3144.14+1.16AMGN ahead
2025-09-1285.9343.46+1.24AMGN ahead
2025-09-1187.9046.93+1.05AMGN ahead
2025-09-1086.5944.94+1.16AMGN ahead
2025-09-0987.0445.23+1.16AMGN ahead
2025-09-0887.1145.90+1.11AMGN ahead
2025-09-0588.1846.47+1.12AMGN ahead
2025-09-0487.0844.88+1.20AMGN ahead
2025-09-0388.2544.45+1.29AMGN ahead
2025-09-0289.2044.71+1.31AMGN ahead
2025-08-2989.4544.53+1.34AMGN ahead
2025-08-2888.7945.23+1.26AMGN ahead
2025-08-2789.5346.40+1.21AMGN ahead
2025-08-2690.0345.71+1.28AMGN ahead
2025-08-2589.6846.86+1.19AMGN ahead
2025-08-2291.3150.13+1.03AMGN ahead
2025-08-2191.9548.47+1.17AMGN ahead
2025-08-2092.1649.70+1.10AMGN ahead
2025-08-1991.8851.59+0.97AMGN ahead
2025-08-1890.9751.92+0.93AMGN ahead
2025-08-1592.1751.79+0.98AMGN ahead
2025-08-1490.2549.33+1.07AMGN ahead
2025-08-1389.9549.70+1.05AMGN ahead
2025-08-1288.6047.43+1.15AMGN ahead
2025-08-1188.6347.08+1.18AMGN ahead
2025-08-0889.6148.28+1.14AMGN ahead
2025-08-0788.5149.19+1.05AMGN ahead
2025-08-0688.5049.37+1.05AMGN ahead
2025-08-0593.2950.78+1.13AMGN ahead
2025-08-0493.8751.09+1.13AMGN ahead
2025-08-0192.3051.03+1.08AMGN ahead
2025-07-3191.7454.64+0.87AMGN ahead
2025-07-3093.6959.43+0.69AMGN ahead
2025-07-2994.3760.37+0.67AMGN ahead
2025-07-2893.6762.68+0.55AMGN ahead
2025-07-2595.3163.12+0.59AMGN ahead
2025-07-2495.9262.87+0.62AMGN ahead
2025-07-2396.1364.09+0.58AMGN ahead
2025-07-2295.0460.50+0.71AMGN ahead
2025-07-2191.9857.25+0.77AMGN ahead
2025-07-1891.6457.78+0.74AMGN ahead
2025-07-1792.7259.52+0.70AMGN ahead
2025-07-1692.9659.26+0.72AMGN ahead
2025-07-1590.9458.37+0.71AMGN ahead
2025-07-1492.3460.76+0.65AMGN ahead
2025-07-1191.8062.18+0.59AMGN ahead
2025-07-1093.3863.36+0.59AMGN ahead
2025-07-0992.1860.61+0.67AMGN ahead
2025-07-0892.3360.15+0.70AMGN ahead
2025-07-0791.0755.27+0.87AMGN ahead
2025-07-0392.7256.36+0.87AMGN ahead
2025-07-0292.2955.97+0.88AMGN ahead
2025-07-0190.3253.03+0.96AMGN ahead
2025-06-3086.8051.00+0.97AMGN ahead
2025-06-2786.1650.20+0.99AMGN ahead
2025-06-2686.7750.91+0.98AMGN ahead
2025-06-2587.1649.65+1.05AMGN ahead
2025-06-2486.2749.54+1.04AMGN ahead
2025-06-2384.7047.45+1.09AMGN ahead
2025-06-2089.9547.87+1.21AMGN ahead
2025-06-1890.0446.95+1.26AMGN ahead
2025-06-1790.1747.23+1.25AMGN ahead
2025-06-1691.8948.06+1.26AMGN ahead
2025-06-1391.7849.30+1.21AMGN ahead
2025-06-1292.4250.55+1.18AMGN ahead
2025-06-1190.7251.29+1.11AMGN ahead
2025-06-1091.2251.16+1.13AMGN ahead
2025-06-0990.1552.01+1.08AMGN ahead
2025-06-0690.2650.76+1.14AMGN ahead
2025-06-0589.2648.28+1.22AMGN ahead
2025-06-0489.2350.41+1.14AMGN ahead
2025-06-0390.0251.40+1.13AMGN ahead
2025-06-0289.6850.00+1.18AMGN ahead
2025-05-3089.5949.09+1.22AMGN ahead
2025-05-2988.1549.78+1.17AMGN ahead
2025-05-2886.5548.15+1.20AMGN ahead
2025-05-2786.8849.46+1.16AMGN ahead
2025-05-2384.4648.54+1.15AMGN ahead
2025-05-2284.5349.39+1.13AMGN ahead
2025-05-2184.3647.69+1.20AMGN ahead
2025-05-2085.5051.74+1.08AMGN ahead
2025-05-1985.7648.78+1.20AMGN ahead
2025-05-1684.6945.95+1.30AMGN ahead
2025-05-1584.4643.72+1.40AMGN ahead
2025-05-1481.5444.40+1.31AMGN ahead
2025-05-1384.0847.12+1.27AMGN ahead
2025-05-1285.4247.50+1.29AMGN ahead
2025-05-0982.6544.82+1.35AMGN ahead
2025-05-0884.5845.06+1.39AMGN ahead
2025-05-0785.7644.47+1.46AMGN ahead
2025-05-0684.0845.16+1.40AMGN ahead
2025-05-0587.0751.46+1.23AMGN ahead
2025-05-0287.4351.04+1.26AMGN ahead
2025-05-0188.2249.96+1.33AMGN ahead
2025-04-3090.4452.75+1.29AMGN ahead
2025-04-2989.7151.42+1.33AMGN ahead
2025-04-2888.0150.76+1.33AMGN ahead
2025-04-2587.3150.31+1.34AMGN ahead
2025-04-2487.0050.63+1.33AMGN ahead
2025-04-2386.4049.06+1.39AMGN ahead
2025-04-2286.5547.58+1.46AMGN ahead
2025-04-2185.0846.45+1.49AMGN ahead
2025-04-1786.2145.68+1.56AMGN ahead
2025-04-1687.8746.56+1.57AMGN ahead
2025-04-1591.8148.50+1.59AMGN ahead
2025-04-1491.3849.54+1.56AMGN ahead
2025-04-1188.9148.43+1.56AMGN ahead
2025-04-1087.4945.29+1.68AMGN ahead
2025-04-0990.5049.30+1.59AMGN ahead
2025-04-0887.1345.55+1.69AMGN ahead
2025-04-0790.0647.39+1.69AMGN ahead
2025-04-0491.5246.41+1.78AMGN ahead
2025-04-0396.3347.56+1.85AMGN ahead
2025-04-0295.0451.24+1.70AMGN ahead
2025-04-0195.4250.20+1.77AMGN ahead
2025-03-3196.8652.40+1.73AMGN ahead
2025-03-2895.4357.52+1.53AMGN ahead
2025-03-2795.0659.37+1.47AMGN ahead
2025-03-2695.0458.19+1.53AMGN ahead
2025-03-2595.4062.57+1.40AMGN ahead
2025-03-2497.7463.16+1.45AMGN ahead
2025-03-2198.2560.37+1.56AMGN ahead
2025-03-2097.9459.98+1.58AMGN ahead
2025-03-1998.1661.59+1.55AMGN ahead
2025-03-1899.0662.50+1.55AMGN ahead
2025-03-1798.6064.16+1.50AMGN ahead
2025-03-1497.5363.99+1.50AMGN ahead
2025-03-1397.2063.40+1.52AMGN ahead
2025-03-1297.1564.71+1.50AMGN ahead
2025-03-1199.1462.40+1.63AMGN ahead
2025-03-10101.7766.47+1.57AMGN ahead
2025-03-07100.9965.82+1.59AMGN ahead
2025-03-0698.8163.40+1.63AMGN ahead
2025-03-0598.4265.08+1.59AMGN ahead
2025-03-0497.0656.14+1.88AMGN ahead
2025-03-0396.6255.95+1.90AMGN ahead
2025-02-2895.7757.23+1.86AMGN ahead
2025-02-2795.0857.47+1.86AMGN ahead
2025-02-2695.2562.07+1.72AMGN ahead
2025-02-2598.1361.52+1.82AMGN ahead
2025-02-2496.2962.66+1.76AMGN ahead
2025-02-2194.2065.67+1.63AMGN ahead
2025-02-2092.6262.35+1.72AMGN ahead
2025-02-1991.4866.36+1.57AMGN ahead
2025-02-1891.0366.08+1.59AMGN ahead
2025-02-1490.5260.98+1.77AMGN ahead
2025-02-1392.3259.00+1.90AMGN ahead
2025-02-1291.7356.44+2.01AMGN ahead
2025-02-1192.2357.17+2.02AMGN ahead
2025-02-1091.6558.91+1.96AMGN ahead
2025-02-0791.2660.26+1.93AMGN ahead
2025-02-0692.5862.13+1.91AMGN ahead
2025-02-0595.6964.66+1.92AMGN ahead
2025-02-0489.8563.16+1.85AMGN ahead
2025-02-0389.8167.56+1.71AMGN ahead
2025-01-3188.7372.87+1.52AMGN ahead
2025-01-3088.3075.86+1.42AMGN ahead
2025-01-2987.5775.27+1.44AMGN ahead
2025-01-2887.1483.07+1.20AMGN ahead
2025-01-2787.9776.99+1.42AMGN ahead
2025-01-2485.6276.54+1.38AMGN ahead
2025-01-2386.3978.35+1.35AMGN ahead
2025-01-2285.0171.16+1.56AMGN ahead
2025-01-2185.4366.34+1.76AMGN ahead
2025-01-1784.6062.96+1.88AMGN ahead
2025-01-1683.7662.40+1.90AMGN ahead
2025-01-1583.6164.27+1.85AMGN ahead
2025-01-1483.0463.70+1.87AMGN ahead
2025-01-1384.0064.97+1.87AMGN ahead
2025-01-1081.5278.10+1.35AMGN ahead
2025-01-0882.1479.80+1.33AMGN ahead
2025-01-0781.4787.86+1.08AMGN ahead
2025-01-0680.3978.69+1.33AMGN ahead
2025-01-0381.2177.97+1.39AMGN ahead
2025-01-0280.6177.63+1.40AMGN ahead
2024-12-3181.0376.86+1.45AMGN ahead
2024-12-3080.6172.79+1.59AMGN ahead
2024-12-2781.6574.18+1.59AMGN ahead
2024-12-2681.8274.73+1.59AMGN ahead
2024-12-2482.2374.44+1.63AMGN ahead
2024-12-2382.0773.18+1.69AMGN ahead
2024-12-2081.8872.81+1.71AMGN ahead
2024-12-1981.2073.12+1.69AMGN ahead
2024-12-1880.4570.91+1.77AMGN ahead
2024-12-1782.6875.34+1.70AMGN ahead
2024-12-1682.8577.34+1.65AMGN ahead
2024-12-1384.1377.32+1.71AMGN ahead
2024-12-1285.2079.15+1.69AMGN ahead
2024-12-1185.0079.22+1.70AMGN ahead
2024-12-1085.7376.73+1.83AMGN ahead
2024-12-0986.3184.38+1.60AMGN ahead
2024-12-0684.7482.14+1.64AMGN ahead
2024-12-0585.2979.37+1.77AMGN ahead
2024-12-0486.5176.95+1.92AMGN ahead
2024-12-0386.5378.71+1.88AMGN ahead
2024-12-0286.4681.81+1.78AMGN ahead
2024-11-2987.9479.59+1.93AMGN ahead
2024-11-2787.0780.20+1.90AMGN ahead
2024-11-2687.0577.73+2.02AMGN ahead
2024-11-2591.4080.70+2.07AMGN ahead
2024-11-2291.5775.99+2.29AMGN ahead
2024-11-2190.1370.70+2.49AMGN ahead
2024-11-2089.5068.28+2.62AMGN ahead
2024-11-1987.0368.93+2.55AMGN ahead
2024-11-1886.6673.03+2.39AMGN ahead
2024-11-1588.1768.11+2.71AMGN ahead
2024-11-1492.0073.51+2.65AMGN ahead
2024-11-1393.7177.89+2.56AMGN ahead
2024-11-1292.9180.35+2.47AMGN ahead
2024-11-11100.0579.02+2.82AMGN ahead
2024-11-08101.1386.56+2.59AMGN ahead
2024-11-07100.0892.94+2.35AMGN ahead
2024-11-06100.0495.77+2.27AMGN ahead
2024-11-0599.2698.50+2.18AMGN ahead
2024-11-0498.5298.96+2.16AMGN ahead
2024-11-0199.24100.98+2.14AMGN ahead
2024-10-3199.53100.48+2.20AMGN ahead
2024-10-3098.10101.15+2.15AMGN ahead
2024-10-2998.24102.07+2.15AMGN ahead
2024-10-2898.60101.29+2.22AMGN ahead
2024-10-2598.5598.13+2.36AMGN ahead
2024-10-2498.1497.60+2.40AMGN ahead
2024-10-2397.9098.69+2.38AMGN ahead
2024-10-2299.3898.71+2.48AMGN ahead
2024-10-2198.4799.45+2.45AMGN ahead
2024-10-18100.00100.00+2.53AMGN ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jan 13, 2025 (AMGN +3.0%, MRNA -16.8%); Aug 19, 2026 (AMGN +4.0%, MRNA +177.0%). Upcoming earnings: AMGN Nov 3, 2026 (after-hours).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

AMGN and MRNA at a glance

AMGN Amgen Inc.

Listing
Nasdaq · SEC CIK 318154
Industry
Biotechnology: Biological Products (No Diagnostic Substances) · SIC 2836 Biological Products, (No Diagnostic Substances)
Market value
$229.7B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

MRNA Moderna Inc.

Listing
Nasdaq · SEC CIK 1682852
Industry
Biotechnology: Biological Products (No Diagnostic Substances) · SIC 2836 Biological Products, (No Diagnostic Substances)
Market value
$90.6B
Price history
1,979 daily closes, Dec 7, 2018 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
GILD / MRNAWatchlistMRNA by 2.04 sdBiotechnology: Biological Products (No Diagnostic Substances)
AMGN / GILDWatchlistAMGN by 1.07 sdBiotechnology: Biological Products (No Diagnostic Substances)

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Explore the private beta

Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.