Air Products and Chemicals Inc. vs Dow Inc.
WatchlistAPD / DOWPrices through Nov 6, 2026
Why these are rivals: #2 and #3 by market value ($70B vs $24B) in Nasdaq's "Major Chemicals" industry; SEC SIC 2810 / 2821 (same major group).
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: 0.27 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -2.09 (needs <= -2.873 (5% critical value))
Business leadership
DOW is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | APD | DOW | Larger |
|---|---|---|---|
| 2025 | $12.0B | $40.0B | DOW |
| 2024 | $12.1B | $43.0B | DOW |
| 2023 | $12.6B | $44.6B | DOW |
| 2022 | $12.7B | $56.9B | DOW |
| 2021 | $10.3B | $55.0B | DOW |
| 2020 | $8.9B | $38.5B | DOW |
DOW led in every year with figures for both. Market value: APD $69.7B, DOW $24.5B.
Stock leadership
APD is ahead now
Measured against the pair's own last 252 trading days.
APD leads DOW by 0.35 standard deviations: +4.6% over its usual price ratio. 2 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| APD | -1.1% | +3.2% | +28.3% |
| DOW | +2.7% | -14.8% | +37.9% |
Relationship
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 1921 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.27 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.09 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 29.89 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
APD Air Products and Chemicals Inc. DOW Dow Inc.Price index, 100 = 2024-11-04. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: APD relative to DOW, against the 252 sessions before each day. Above 0: APD ahead; below 0: DOW ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | APD index | DOW index | z | Ahead |
|---|---|---|---|---|
| 2026-11-06 | 99.59 | 65.48 | +0.35 | near the usual relationship |
| 2026-11-05 | 101.11 | 66.69 | +0.32 | near the usual relationship |
| 2026-11-04 | 104.18 | 68.20 | +0.38 | near the usual relationship |
| 2026-11-03 | 102.25 | 70.47 | -0.02 | near the usual relationship |
| 2026-11-02 | 103.25 | 71.28 | -0.04 | near the usual relationship |
| 2026-10-30 | 103.38 | 72.37 | -0.15 | near the usual relationship |
| 2026-10-29 | 101.85 | 70.11 | -0.02 | near the usual relationship |
| 2026-10-28 | 100.36 | 71.18 | -0.25 | near the usual relationship |
| 2026-10-27 | 100.33 | 70.45 | -0.18 | near the usual relationship |
| 2026-10-26 | 99.88 | 70.89 | -0.27 | near the usual relationship |
| 2026-10-23 | 100.35 | 68.01 | +0.08 | near the usual relationship |
| 2026-10-22 | 100.70 | 66.34 | +0.29 | near the usual relationship |
| 2026-10-21 | 98.88 | 63.36 | +0.49 | near the usual relationship |
| 2026-10-20 | 98.85 | 64.00 | +0.41 | near the usual relationship |
| 2026-10-19 | 97.57 | 62.73 | +0.45 | near the usual relationship |
| 2026-10-16 | 97.88 | 62.42 | +0.51 | APD ahead |
| 2026-10-15 | 96.90 | 61.86 | +0.49 | near the usual relationship |
| 2026-10-14 | 95.57 | 60.88 | +0.50 | APD ahead |
| 2026-10-13 | 94.40 | 59.46 | +0.57 | APD ahead |
| 2026-10-12 | 92.74 | 58.64 | +0.53 | APD ahead |
| 2026-10-09 | 91.89 | 59.27 | +0.38 | near the usual relationship |
| 2026-10-08 | 90.95 | 59.62 | +0.26 | near the usual relationship |
| 2026-10-07 | 90.86 | 57.91 | +0.45 | near the usual relationship |
| 2026-10-06 | 91.80 | 58.73 | +0.42 | near the usual relationship |
| 2026-10-05 | 91.30 | 59.46 | +0.29 | near the usual relationship |
| 2026-10-02 | 90.68 | 58.33 | +0.37 | near the usual relationship |
| 2026-10-01 | 89.30 | 57.54 | +0.35 | near the usual relationship |
| 2026-09-30 | 90.90 | 57.43 | +0.48 | near the usual relationship |
| 2026-09-29 | 91.21 | 57.58 | +0.48 | near the usual relationship |
| 2026-09-28 | 91.07 | 58.16 | +0.39 | near the usual relationship |
| 2026-09-25 | 92.05 | 58.44 | +0.43 | near the usual relationship |
| 2026-09-24 | 92.94 | 59.56 | +0.36 | near the usual relationship |
| 2026-09-23 | 93.75 | 59.75 | +0.39 | near the usual relationship |
| 2026-09-22 | 94.04 | 58.81 | +0.51 | APD ahead |
| 2026-09-21 | 91.30 | 58.96 | +0.28 | near the usual relationship |
| 2026-09-18 | 92.84 | 59.92 | +0.28 | near the usual relationship |
| 2026-09-17 | 93.48 | 61.50 | +0.15 | near the usual relationship |
| 2026-09-16 | 93.79 | 62.73 | +0.03 | near the usual relationship |
| 2026-09-15 | 94.93 | 62.25 | +0.16 | near the usual relationship |
| 2026-09-14 | 93.81 | 60.27 | +0.29 | near the usual relationship |
| 2026-09-11 | 95.21 | 60.54 | +0.35 | near the usual relationship |
| 2026-09-10 | 95.94 | 61.81 | +0.26 | near the usual relationship |
| 2026-09-09 | 96.46 | 61.31 | +0.34 | near the usual relationship |
| 2026-09-08 | 97.26 | 61.67 | +0.35 | near the usual relationship |
| 2026-09-04 | 98.43 | 61.40 | +0.45 | near the usual relationship |
| 2026-09-03 | 99.39 | 63.32 | +0.31 | near the usual relationship |
| 2026-09-02 | 101.10 | 65.23 | +0.22 | near the usual relationship |
| 2026-09-01 | 99.75 | 63.52 | +0.30 | near the usual relationship |
| 2026-08-31 | 101.10 | 63.65 | +0.37 | near the usual relationship |
| 2026-08-28 | 100.65 | 63.63 | +0.33 | near the usual relationship |
| 2026-08-27 | 99.80 | 63.25 | +0.31 | near the usual relationship |
| 2026-08-26 | 100.19 | 63.25 | +0.33 | near the usual relationship |
| 2026-08-25 | 99.27 | 62.90 | +0.30 | near the usual relationship |
| 2026-08-24 | 100.05 | 65.57 | +0.09 | near the usual relationship |
| 2026-08-21 | 99.68 | 67.47 | -0.12 | near the usual relationship |
| 2026-08-20 | 98.12 | 68.61 | -0.33 | near the usual relationship |
| 2026-08-19 | 99.06 | 66.21 | -0.06 | near the usual relationship |
| 2026-08-18 | 99.07 | 65.05 | +0.05 | near the usual relationship |
| 2026-08-17 | 98.29 | 65.36 | -0.04 | near the usual relationship |
| 2026-08-14 | 100.94 | 64.80 | +0.17 | near the usual relationship |
| 2026-08-13 | 99.81 | 63.32 | +0.23 | near the usual relationship |
| 2026-08-12 | 99.34 | 63.75 | +0.16 | near the usual relationship |
| 2026-08-11 | 101.05 | 65.19 | +0.12 | near the usual relationship |
| 2026-08-10 | 100.68 | 63.77 | +0.22 | near the usual relationship |
| 2026-08-07 | 99.13 | 61.19 | +0.36 | near the usual relationship |
| 2026-08-06 | 97.98 | 63.19 | +0.10 | near the usual relationship |
| 2026-08-05 | 96.41 | 61.88 | +0.12 | near the usual relationship |
| 2026-08-04 | 96.28 | 63.25 | -0.02 | near the usual relationship |
| 2026-08-03 | 95.70 | 62.34 | +0.02 | near the usual relationship |
| 2026-07-31 | 96.34 | 63.17 | -0.02 | near the usual relationship |
| 2026-07-30 | 98.08 | 62.75 | +0.11 | near the usual relationship |
| 2026-07-29 | 96.14 | 63.50 | -0.07 | near the usual relationship |
| 2026-07-28 | 95.67 | 60.17 | +0.20 | near the usual relationship |
| 2026-07-27 | 95.59 | 59.96 | +0.21 | near the usual relationship |
| 2026-07-24 | 97.31 | 62.23 | +0.11 | near the usual relationship |
| 2026-07-23 | 96.14 | 64.44 | -0.16 | near the usual relationship |
| 2026-07-22 | 97.03 | 65.17 | -0.17 | near the usual relationship |
| 2026-07-21 | 96.83 | 63.55 | -0.04 | near the usual relationship |
| 2026-07-20 | 96.91 | 63.34 | -0.02 | near the usual relationship |
| 2026-07-17 | 96.58 | 62.40 | +0.04 | near the usual relationship |
| 2026-07-16 | 97.13 | 61.11 | +0.19 | near the usual relationship |
| 2026-07-15 | 95.95 | 61.94 | +0.04 | near the usual relationship |
| 2026-07-14 | 97.81 | 63.21 | +0.04 | near the usual relationship |
| 2026-07-13 | 98.65 | 63.34 | +0.08 | near the usual relationship |
| 2026-07-10 | 97.86 | 60.54 | +0.29 | near the usual relationship |
| 2026-07-09 | 96.65 | 59.44 | +0.32 | near the usual relationship |
| 2026-07-08 | 96.95 | 60.54 | +0.23 | near the usual relationship |
| 2026-07-07 | 99.66 | 59.73 | +0.47 | near the usual relationship |
| 2026-07-06 | 100.90 | 57.00 | +0.80 | APD ahead |
| 2026-07-02 | 102.65 | 57.79 | +0.82 | APD ahead |
| 2026-07-01 | 100.10 | 56.35 | +0.83 | APD ahead |
| 2026-06-30 | 95.78 | 57.06 | +0.51 | APD ahead |
| 2026-06-29 | 88.65 | 58.23 | -0.05 | near the usual relationship |
| 2026-06-26 | 90.75 | 60.56 | -0.14 | near the usual relationship |
| 2026-06-25 | 91.45 | 61.13 | -0.15 | near the usual relationship |
| 2026-06-24 | 91.06 | 61.27 | -0.19 | near the usual relationship |
| 2026-06-23 | 92.28 | 63.25 | -0.29 | near the usual relationship |
| 2026-06-22 | 92.49 | 64.21 | -0.37 | near the usual relationship |
| 2026-06-18 | 91.54 | 66.17 | -0.60 | DOW ahead |
| 2026-06-17 | 92.05 | 67.78 | -0.70 | DOW ahead |
| 2026-06-16 | 91.63 | 68.74 | -0.81 | DOW ahead |
| 2026-06-15 | 92.44 | 69.30 | -0.81 | DOW ahead |
| 2026-06-12 | 92.01 | 70.59 | -0.95 | DOW ahead |
| 2026-06-11 | 90.86 | 70.14 | -0.98 | DOW ahead |
| 2026-06-10 | 90.34 | 71.41 | -1.13 | DOW ahead |
| 2026-06-09 | 92.45 | 69.28 | -0.82 | DOW ahead |
| 2026-06-08 | 90.42 | 71.32 | -1.12 | DOW ahead |
| 2026-06-05 | 92.24 | 70.84 | -0.98 | DOW ahead |
| 2026-06-04 | 92.41 | 72.55 | -1.11 | DOW ahead |
| 2026-06-03 | 92.22 | 73.83 | -1.23 | DOW ahead |
| 2026-06-02 | 91.24 | 72.41 | -1.19 | DOW ahead |
| 2026-06-01 | 91.11 | 72.35 | -1.20 | DOW ahead |
| 2026-05-29 | 91.03 | 70.39 | -1.05 | DOW ahead |
| 2026-05-28 | 92.67 | 72.51 | -1.13 | DOW ahead |
| 2026-05-27 | 93.35 | 71.93 | -1.04 | DOW ahead |
| 2026-05-26 | 94.61 | 73.58 | -1.10 | DOW ahead |
| 2026-05-22 | 94.57 | 75.10 | -1.23 | DOW ahead |
| 2026-05-21 | 94.81 | 74.89 | -1.21 | DOW ahead |
| 2026-05-20 | 94.48 | 75.64 | -1.29 | DOW ahead |
| 2026-05-19 | 95.32 | 78.71 | -1.49 | DOW ahead |
| 2026-05-18 | 95.82 | 80.42 | -1.59 | DOW ahead |
| 2026-05-15 | 96.50 | 80.81 | -1.59 | DOW ahead |
| 2026-05-14 | 97.97 | 80.88 | -1.52 | DOW ahead |
| 2026-05-13 | 100.04 | 81.00 | -1.41 | DOW ahead |
| 2026-05-12 | 99.19 | 82.23 | -1.56 | DOW ahead |
| 2026-05-11 | 99.48 | 80.83 | -1.45 | DOW ahead |
| 2026-05-08 | 96.51 | 76.89 | -1.34 | DOW ahead |
| 2026-05-07 | 96.37 | 77.83 | -1.43 | DOW ahead |
| 2026-05-06 | 98.08 | 80.29 | -1.52 | DOW ahead |
| 2026-05-05 | 99.29 | 85.09 | -1.82 | DOW ahead |
| 2026-05-04 | 97.47 | 84.63 | -1.92 | DOW ahead |
| 2026-05-01 | 98.36 | 84.03 | -1.83 | DOW ahead |
| 2026-04-30 | 98.03 | 84.44 | -1.90 | DOW ahead |
| 2026-04-29 | 98.83 | 82.48 | -1.71 | DOW ahead |
| 2026-04-28 | 99.10 | 79.27 | -1.45 | DOW ahead |
| 2026-04-27 | 98.79 | 79.46 | -1.49 | DOW ahead |
| 2026-04-24 | 98.59 | 80.63 | -1.61 | DOW ahead |
| 2026-04-23 | 99.20 | 80.35 | -1.56 | DOW ahead |
| 2026-04-22 | 96.95 | 80.94 | -1.77 | DOW ahead |
| 2026-04-21 | 96.31 | 79.90 | -1.74 | DOW ahead |
| 2026-04-20 | 96.75 | 76.68 | -1.45 | DOW ahead |
| 2026-04-17 | 95.33 | 74.24 | -1.35 | DOW ahead |
| 2026-04-16 | 97.11 | 83.25 | -2.00 | DOW ahead |
| 2026-04-15 | 96.45 | 81.00 | -1.88 | DOW ahead |
| 2026-04-14 | 96.91 | 81.67 | -1.92 | DOW ahead |
| 2026-04-13 | 97.57 | 83.65 | -2.06 | DOW ahead |
| 2026-04-10 | 97.59 | 81.36 | -1.89 | DOW ahead |
| 2026-04-09 | 97.27 | 79.33 | -1.75 | DOW ahead |
| 2026-04-08 | 96.90 | 81.92 | -2.02 | DOW ahead |
| 2026-04-07 | 95.52 | 86.36 | -2.51 | DOW ahead |
| 2026-04-06 | 96.09 | 84.59 | -2.35 | DOW ahead |
| 2026-04-02 | 95.90 | 86.34 | -2.53 | DOW ahead |
| 2026-04-01 | 94.56 | 84.86 | -2.54 | DOW ahead |
| 2026-03-31 | 94.90 | 86.86 | -2.72 | DOW ahead |
| 2026-03-30 | 95.25 | 87.32 | -2.76 | DOW ahead |
| 2026-03-27 | 95.46 | 85.13 | -2.59 | DOW ahead |
| 2026-03-26 | 95.78 | 82.31 | -2.34 | DOW ahead |
| 2026-03-25 | 94.77 | 82.63 | -2.46 | DOW ahead |
| 2026-03-24 | 93.52 | 79.90 | -2.32 | DOW ahead |
| 2026-03-23 | 91.04 | 75.16 | -2.07 | DOW ahead |
| 2026-03-20 | 91.81 | 76.43 | -2.14 | DOW ahead |
| 2026-03-19 | 92.83 | 78.19 | -2.23 | DOW ahead |
| 2026-03-18 | 91.94 | 78.60 | -2.35 | DOW ahead |
| 2026-03-17 | 93.49 | 76.98 | -2.07 | DOW ahead |
| 2026-03-16 | 94.47 | 75.08 | -1.81 | DOW ahead |
| 2026-03-13 | 94.08 | 76.37 | -1.97 | DOW ahead |
| 2026-03-12 | 94.90 | 78.37 | -2.11 | DOW ahead |
| 2026-03-11 | 90.72 | 71.68 | -1.78 | DOW ahead |
| 2026-03-10 | 89.88 | 70.68 | -1.74 | DOW ahead |
| 2026-03-09 | 89.65 | 71.55 | -1.86 | DOW ahead |
| 2026-03-06 | 88.92 | 69.41 | -1.69 | DOW ahead |
| 2026-03-05 | 90.28 | 70.32 | -1.68 | DOW ahead |
| 2026-03-04 | 89.58 | 67.45 | -1.43 | DOW ahead |
| 2026-03-03 | 89.20 | 64.11 | -1.07 | DOW ahead |
| 2026-03-02 | 90.31 | 63.82 | -0.93 | DOW ahead |
| 2026-02-27 | 90.06 | 64.09 | -0.98 | DOW ahead |
| 2026-02-26 | 90.24 | 62.36 | -0.75 | DOW ahead |
| 2026-02-25 | 91.57 | 62.61 | -0.66 | DOW ahead |
| 2026-02-24 | 91.30 | 64.75 | -0.92 | DOW ahead |
| 2026-02-23 | 92.54 | 63.19 | -0.63 | DOW ahead |
| 2026-02-20 | 91.86 | 63.65 | -0.73 | DOW ahead |
| 2026-02-19 | 91.71 | 65.46 | -0.94 | DOW ahead |
| 2026-02-18 | 92.26 | 65.86 | -0.94 | DOW ahead |
| 2026-02-17 | 90.72 | 65.53 | -1.02 | DOW ahead |
| 2026-02-13 | 91.39 | 67.76 | -1.20 | DOW ahead |
| 2026-02-12 | 95.23 | 68.09 | -0.93 | DOW ahead |
| 2026-02-11 | 95.77 | 70.91 | -1.18 | DOW ahead |
| 2026-02-10 | 94.99 | 70.07 | -1.15 | DOW ahead |
| 2026-02-09 | 93.56 | 66.90 | -0.92 | DOW ahead |
| 2026-02-06 | 92.50 | 66.28 | -0.94 | DOW ahead |
| 2026-02-05 | 92.62 | 63.82 | -0.65 | DOW ahead |
| 2026-02-04 | 93.63 | 67.57 | -0.99 | DOW ahead |
| 2026-02-03 | 90.81 | 63.59 | -0.77 | DOW ahead |
| 2026-02-02 | 88.53 | 60.23 | -0.56 | DOW ahead |
| 2026-01-30 | 89.03 | 57.46 | -0.17 | near the usual relationship |
| 2026-01-29 | 83.64 | 56.64 | -0.51 | DOW ahead |
| 2026-01-28 | 83.60 | 57.94 | -0.66 | DOW ahead |
| 2026-01-27 | 84.65 | 58.00 | -0.57 | DOW ahead |
| 2026-01-26 | 85.80 | 58.77 | -0.56 | DOW ahead |
| 2026-01-23 | 85.38 | 58.92 | -0.61 | DOW ahead |
| 2026-01-22 | 86.26 | 59.08 | -0.55 | DOW ahead |
| 2026-01-21 | 85.96 | 59.25 | -0.58 | DOW ahead |
| 2026-01-20 | 84.35 | 55.43 | -0.25 | near the usual relationship |
| 2026-01-16 | 87.40 | 57.50 | -0.25 | near the usual relationship |
| 2026-01-15 | 86.90 | 58.27 | -0.37 | near the usual relationship |
| 2026-01-14 | 87.31 | 58.94 | -0.40 | near the usual relationship |
| 2026-01-13 | 86.96 | 55.37 | -0.01 | near the usual relationship |
| 2026-01-12 | 87.24 | 55.27 | +0.03 | near the usual relationship |
| 2026-01-09 | 86.16 | 54.91 | +0.00 | near the usual relationship |
| 2026-01-08 | 85.34 | 54.06 | +0.05 | near the usual relationship |
| 2026-01-07 | 85.55 | 51.72 | +0.35 | near the usual relationship |
| 2026-01-06 | 84.41 | 53.22 | +0.09 | near the usual relationship |
| 2026-01-05 | 82.93 | 51.93 | +0.15 | near the usual relationship |
| 2026-01-02 | 81.83 | 50.62 | +0.23 | near the usual relationship |
| 2025-12-31 | 80.70 | 48.76 | +0.38 | near the usual relationship |
| 2025-12-30 | 81.29 | 49.03 | +0.40 | near the usual relationship |
| 2025-12-29 | 80.97 | 48.70 | +0.42 | near the usual relationship |
| 2025-12-26 | 80.83 | 48.57 | +0.43 | near the usual relationship |
| 2025-12-24 | 80.32 | 48.09 | +0.46 | near the usual relationship |
| 2025-12-23 | 79.97 | 47.76 | +0.48 | near the usual relationship |
| 2025-12-22 | 79.97 | 48.84 | +0.35 | near the usual relationship |
| 2025-12-19 | 78.40 | 48.51 | +0.28 | near the usual relationship |
| 2025-12-18 | 79.63 | 48.05 | +0.44 | near the usual relationship |
| 2025-12-17 | 80.49 | 48.11 | +0.50 | APD ahead |
| 2025-12-16 | 79.14 | 47.63 | +0.47 | near the usual relationship |
| 2025-12-15 | 80.05 | 48.91 | +0.38 | near the usual relationship |
| 2025-12-12 | 79.39 | 49.99 | +0.21 | near the usual relationship |
| 2025-12-11 | 79.63 | 51.26 | +0.09 | near the usual relationship |
| 2025-12-10 | 77.33 | 51.28 | -0.07 | near the usual relationship |
| 2025-12-09 | 75.39 | 48.20 | +0.14 | near the usual relationship |
| 2025-12-08 | 77.12 | 47.67 | +0.34 | near the usual relationship |
| 2025-12-05 | 85.17 | 47.88 | +0.89 | APD ahead |
| 2025-12-04 | 85.47 | 47.70 | +0.94 | APD ahead |
| 2025-12-03 | 85.06 | 49.55 | +0.70 | APD ahead |
| 2025-12-02 | 83.89 | 49.76 | +0.60 | APD ahead |
| 2025-12-01 | 85.22 | 49.72 | +0.70 | APD ahead |
| 2025-11-28 | 85.29 | 49.74 | +0.71 | APD ahead |
| 2025-11-26 | 84.60 | 49.86 | +0.66 | APD ahead |
| 2025-11-25 | 84.59 | 48.38 | +0.83 | APD ahead |
| 2025-11-24 | 83.83 | 46.99 | +0.95 | APD ahead |
| 2025-11-21 | 84.08 | 46.30 | +1.06 | APD ahead |
| 2025-11-20 | 82.03 | 43.69 | +1.25 | APD ahead |
| 2025-11-19 | 82.74 | 44.44 | +1.21 | APD ahead |
| 2025-11-18 | 82.38 | 45.57 | +1.06 | APD ahead |
| 2025-11-17 | 82.68 | 45.19 | +1.13 | APD ahead |
| 2025-11-14 | 84.73 | 47.82 | +0.96 | APD ahead |
| 2025-11-13 | 85.93 | 48.20 | +1.00 | APD ahead |
| 2025-11-12 | 85.45 | 46.26 | +1.20 | APD ahead |
| 2025-11-11 | 85.67 | 46.53 | +1.19 | APD ahead |
| 2025-11-10 | 84.43 | 46.09 | +1.17 | APD ahead |
| 2025-11-07 | 84.86 | 46.49 | +1.16 | APD ahead |
| 2025-11-06 | 84.55 | 46.34 | +1.16 | APD ahead |
| 2025-11-05 | 77.61 | 47.49 | +0.59 | APD ahead |
| 2025-11-04 | 78.66 | 47.11 | +0.70 | APD ahead |
| 2025-11-03 | 78.20 | 48.45 | +0.53 | APD ahead |
| 2025-10-31 | 79.25 | 49.74 | +0.47 | near the usual relationship |
| 2025-10-30 | 79.93 | 49.64 | +0.53 | APD ahead |
| 2025-10-29 | 81.13 | 51.85 | +0.39 | near the usual relationship |
| 2025-10-28 | 83.12 | 52.93 | +0.42 | near the usual relationship |
| 2025-10-27 | 83.56 | 53.66 | +0.38 | near the usual relationship |
| 2025-10-24 | 83.28 | 51.74 | +0.55 | APD ahead |
| 2025-10-23 | 83.29 | 51.12 | +0.62 | APD ahead |
| 2025-10-22 | 82.70 | 45.26 | +1.19 | APD ahead |
| 2025-10-21 | 83.21 | 45.36 | +1.22 | APD ahead |
| 2025-10-20 | 83.05 | 45.11 | +1.24 | APD ahead |
| 2025-10-17 | 82.72 | 45.65 | +1.17 | APD ahead |
| 2025-10-16 | 82.71 | 45.67 | +1.18 | APD ahead |
| 2025-10-15 | 84.10 | 46.30 | +1.20 | APD ahead |
| 2025-10-14 | 85.60 | 45.71 | +1.35 | APD ahead |
| 2025-10-13 | 85.22 | 44.67 | +1.45 | APD ahead |
| 2025-10-10 | 83.99 | 43.07 | +1.56 | APD ahead |
| 2025-10-09 | 85.83 | 46.05 | +1.35 | APD ahead |
| 2025-10-08 | 87.75 | 47.13 | +1.35 | APD ahead |
| 2025-10-07 | 88.50 | 46.92 | +1.42 | APD ahead |
| 2025-10-06 | 88.52 | 48.84 | +1.24 | APD ahead |
| 2025-10-03 | 88.69 | 49.68 | +1.17 | APD ahead |
| 2025-10-02 | 88.41 | 49.41 | +1.19 | APD ahead |
| 2025-10-01 | 87.78 | 48.07 | +1.28 | APD ahead |
| 2025-09-30 | 89.10 | 47.82 | +1.38 | APD ahead |
| 2025-09-29 | 88.37 | 47.74 | +1.36 | APD ahead |
| 2025-09-26 | 87.16 | 47.88 | +1.29 | APD ahead |
| 2025-09-25 | 86.83 | 46.30 | +1.43 | APD ahead |
| 2025-09-24 | 88.95 | 48.24 | +1.37 | APD ahead |
| 2025-09-23 | 90.36 | 47.67 | +1.50 | APD ahead |
| 2025-09-22 | 93.92 | 48.32 | +1.62 | APD ahead |
| 2025-09-19 | 94.79 | 48.99 | +1.61 | APD ahead |
| 2025-09-18 | 95.54 | 50.28 | +1.54 | APD ahead |
| 2025-09-17 | 94.95 | 51.18 | +1.45 | APD ahead |
| 2025-09-16 | 93.09 | 51.05 | +1.38 | APD ahead |
| 2025-09-15 | 94.59 | 50.41 | +1.51 | APD ahead |
| 2025-09-12 | 95.66 | 52.22 | +1.42 | APD ahead |
| 2025-09-11 | 96.22 | 52.18 | +1.45 | APD ahead |
| 2025-09-10 | 93.93 | 49.70 | +1.57 | APD ahead |
| 2025-09-09 | 93.81 | 50.34 | +1.52 | APD ahead |
| 2025-09-08 | 94.39 | 50.01 | +1.58 | APD ahead |
| 2025-09-05 | 94.70 | 51.09 | +1.51 | APD ahead |
| 2025-09-04 | 94.73 | 49.86 | +1.63 | APD ahead |
| 2025-09-03 | 95.16 | 49.91 | +1.66 | APD ahead |
| 2025-09-02 | 95.46 | 50.91 | +1.60 | APD ahead |
| 2025-08-29 | 96.09 | 51.37 | +1.60 | APD ahead |
| 2025-08-28 | 96.38 | 51.24 | +1.63 | APD ahead |
| 2025-08-27 | 96.24 | 51.60 | +1.60 | APD ahead |
| 2025-08-26 | 96.04 | 51.60 | +1.61 | APD ahead |
| 2025-08-25 | 96.11 | 51.97 | +1.59 | APD ahead |
| 2025-08-22 | 97.78 | 52.37 | +1.64 | APD ahead |
| 2025-08-21 | 95.89 | 49.41 | +1.82 | APD ahead |
| 2025-08-20 | 95.52 | 50.22 | +1.74 | APD ahead |
| 2025-08-19 | 94.82 | 49.07 | +1.82 | APD ahead |
| 2025-08-18 | 94.14 | 48.47 | +1.86 | APD ahead |
| 2025-08-15 | 94.89 | 48.72 | +1.89 | APD ahead |
| 2025-08-14 | 95.45 | 48.74 | +1.93 | APD ahead |
| 2025-08-13 | 96.12 | 47.80 | +2.06 | APD ahead |
| 2025-08-12 | 94.50 | 45.28 | +2.24 | APD ahead |
| 2025-08-11 | 92.77 | 43.52 | +2.36 | APD ahead |
| 2025-08-08 | 94.33 | 44.25 | +2.39 | APD ahead |
| 2025-08-07 | 94.27 | 45.07 | +2.34 | APD ahead |
| 2025-08-06 | 94.43 | 44.42 | +2.44 | APD ahead |
| 2025-08-05 | 95.55 | 46.67 | +2.31 | APD ahead |
| 2025-08-04 | 93.92 | 45.03 | +2.42 | APD ahead |
| 2025-08-01 | 92.05 | 45.44 | +2.31 | APD ahead |
| 2025-07-31 | 94.05 | 48.57 | +2.14 | APD ahead |
| 2025-07-30 | 94.79 | 49.89 | +2.07 | APD ahead |
| 2025-07-29 | 96.44 | 52.51 | +1.94 | APD ahead |
| 2025-07-28 | 96.56 | 53.62 | +1.87 | APD ahead |
| 2025-07-25 | 97.76 | 53.20 | +1.97 | APD ahead |
| 2025-07-24 | 97.10 | 52.28 | +2.03 | APD ahead |
| 2025-07-23 | 97.32 | 63.34 | +1.21 | APD ahead |
| 2025-07-22 | 97.40 | 61.86 | +1.32 | APD ahead |
| 2025-07-21 | 95.96 | 59.21 | +1.46 | APD ahead |
| 2025-07-18 | 96.48 | 59.10 | +1.50 | APD ahead |
| 2025-07-17 | 95.91 | 59.35 | +1.46 | APD ahead |
| 2025-07-16 | 94.41 | 58.69 | +1.45 | APD ahead |
| 2025-07-15 | 93.65 | 58.37 | +1.45 | APD ahead |
| 2025-07-14 | 95.00 | 58.92 | +1.48 | APD ahead |
| 2025-07-11 | 95.39 | 61.63 | +1.32 | APD ahead |
| 2025-07-10 | 96.08 | 63.04 | +1.26 | APD ahead |
| 2025-07-09 | 96.13 | 62.23 | +1.33 | APD ahead |
| 2025-07-08 | 95.51 | 60.60 | +1.42 | APD ahead |
| 2025-07-07 | 94.42 | 57.31 | +1.62 | APD ahead |
| 2025-07-03 | 95.34 | 59.35 | +1.52 | APD ahead |
| 2025-07-02 | 94.84 | 59.92 | +1.47 | APD ahead |
| 2025-07-01 | 93.26 | 58.04 | +1.55 | APD ahead |
| 2025-06-30 | 92.15 | 55.22 | +1.72 | APD ahead |
| 2025-06-27 | 92.24 | 56.31 | +1.66 | APD ahead |
| 2025-06-26 | 92.46 | 56.62 | +1.66 | APD ahead |
| 2025-06-25 | 92.13 | 55.93 | +1.71 | APD ahead |
| 2025-06-24 | 91.80 | 57.41 | +1.60 | APD ahead |
| 2025-06-23 | 89.25 | 56.04 | +1.60 | APD ahead |
| 2025-06-20 | 88.37 | 57.89 | +1.43 | APD ahead |
| 2025-06-18 | 89.97 | 59.44 | +1.40 | APD ahead |
| 2025-06-17 | 90.51 | 61.40 | +1.30 | APD ahead |
| 2025-06-16 | 91.62 | 63.75 | +1.20 | APD ahead |
| 2025-06-13 | 91.60 | 62.36 | +1.30 | APD ahead |
| 2025-06-12 | 92.55 | 62.86 | +1.32 | APD ahead |
| 2025-06-11 | 92.20 | 63.98 | +1.24 | APD ahead |
| 2025-06-10 | 92.09 | 64.03 | +1.24 | APD ahead |
| 2025-06-09 | 91.45 | 61.29 | +1.41 | APD ahead |
| 2025-06-06 | 91.40 | 59.54 | +1.54 | APD ahead |
| 2025-06-05 | 90.24 | 58.77 | +1.56 | APD ahead |
| 2025-06-04 | 91.54 | 58.98 | +1.61 | APD ahead |
| 2025-06-03 | 92.55 | 57.96 | +1.75 | APD ahead |
| 2025-06-02 | 91.05 | 56.73 | +1.79 | APD ahead |
| 2025-05-30 | 91.12 | 57.85 | +1.72 | APD ahead |
| 2025-05-29 | 89.24 | 60.04 | +1.48 | APD ahead |
| 2025-05-28 | 88.78 | 59.10 | +1.54 | APD ahead |
| 2025-05-27 | 89.70 | 60.31 | +1.51 | APD ahead |
| 2025-05-23 | 88.16 | 59.06 | +1.54 | APD ahead |
| 2025-05-22 | 87.96 | 59.79 | +1.48 | APD ahead |
| 2025-05-21 | 88.10 | 59.96 | +1.49 | APD ahead |
| 2025-05-20 | 90.06 | 62.13 | +1.44 | APD ahead |
| 2025-05-19 | 90.60 | 62.79 | +1.43 | APD ahead |
| 2025-05-16 | 91.13 | 62.96 | +1.45 | APD ahead |
| 2025-05-15 | 89.65 | 62.36 | +1.44 | APD ahead |
| 2025-05-14 | 88.69 | 62.92 | +1.36 | APD ahead |
| 2025-05-13 | 89.40 | 64.17 | +1.32 | APD ahead |
| 2025-05-12 | 90.24 | 64.61 | +1.34 | APD ahead |
| 2025-05-09 | 88.58 | 61.48 | +1.48 | APD ahead |
| 2025-05-08 | 88.09 | 60.98 | +1.50 | APD ahead |
| 2025-05-07 | 86.45 | 59.33 | +1.55 | APD ahead |
| 2025-05-06 | 87.43 | 60.06 | +1.56 | APD ahead |
| 2025-05-05 | 88.93 | 60.38 | +1.62 | APD ahead |
| 2025-05-02 | 90.70 | 63.44 | +1.50 | APD ahead |
| 2025-05-01 | 88.92 | 63.67 | +1.42 | APD ahead |
| 2025-04-30 | 88.57 | 63.80 | +1.40 | APD ahead |
| 2025-04-29 | 88.51 | 63.92 | +1.40 | APD ahead |
| 2025-04-28 | 88.03 | 62.46 | +1.48 | APD ahead |
| 2025-04-25 | 87.27 | 62.61 | +1.45 | APD ahead |
| 2025-04-24 | 87.83 | 62.06 | +1.52 | APD ahead |
| 2025-04-23 | 86.49 | 60.48 | +1.57 | APD ahead |
| 2025-04-22 | 86.69 | 60.48 | +1.60 | APD ahead |
| 2025-04-21 | 84.15 | 58.64 | +1.61 | APD ahead |
| 2025-04-17 | 85.89 | 58.71 | +1.70 | APD ahead |
| 2025-04-16 | 85.37 | 57.29 | +1.79 | APD ahead |
| 2025-04-15 | 86.67 | 57.77 | +1.84 | APD ahead |
| 2025-04-14 | 89.05 | 60.23 | +1.79 | APD ahead |
| 2025-04-11 | 87.89 | 59.29 | +1.82 | APD ahead |
| 2025-04-10 | 85.61 | 56.91 | +1.89 | APD ahead |
| 2025-04-09 | 88.27 | 62.27 | +1.66 | APD ahead |
| 2025-04-08 | 81.22 | 53.83 | +1.94 | APD ahead |
| 2025-04-07 | 84.65 | 57.39 | +1.86 | APD ahead |
| 2025-04-04 | 86.08 | 58.81 | +1.85 | APD ahead |
| 2025-04-03 | 92.52 | 65.61 | +1.71 | APD ahead |
| 2025-04-02 | 96.36 | 72.76 | +1.46 | APD ahead |
| 2025-04-01 | 95.87 | 72.18 | +1.48 | APD ahead |
| 2025-03-31 | 96.35 | 72.83 | +1.48 | APD ahead |
| 2025-03-28 | 95.48 | 71.66 | +1.52 | APD ahead |
| 2025-03-27 | 96.42 | 73.49 | +1.47 | APD ahead |
| 2025-03-26 | 96.46 | 74.20 | +1.44 | APD ahead |
| 2025-03-25 | 95.78 | 73.66 | +1.46 | APD ahead |
| 2025-03-24 | 95.87 | 75.68 | +1.36 | APD ahead |
| 2025-03-21 | 95.28 | 75.43 | +1.36 | APD ahead |
| 2025-03-20 | 95.70 | 76.35 | +1.34 | APD ahead |
| 2025-03-19 | 96.05 | 77.56 | +1.30 | APD ahead |
| 2025-03-18 | 95.34 | 78.44 | +1.23 | APD ahead |
| 2025-03-17 | 96.58 | 78.23 | +1.30 | APD ahead |
| 2025-03-14 | 95.37 | 77.10 | +1.32 | APD ahead |
| 2025-03-13 | 95.67 | 75.56 | +1.43 | APD ahead |
| 2025-03-12 | 96.26 | 74.56 | +1.53 | APD ahead |
| 2025-03-11 | 97.38 | 76.48 | +1.48 | APD ahead |
| 2025-03-10 | 99.22 | 78.00 | +1.49 | APD ahead |
| 2025-03-07 | 103.37 | 78.10 | +1.67 | APD ahead |
| 2025-03-06 | 101.59 | 78.08 | +1.61 | APD ahead |
| 2025-03-05 | 101.79 | 78.79 | +1.60 | APD ahead |
| 2025-03-04 | 99.76 | 74.29 | +1.78 | APD ahead |
| 2025-03-03 | 101.49 | 75.20 | +1.82 | APD ahead |
| 2025-02-28 | 103.29 | 79.48 | +1.67 | APD ahead |
| 2025-02-27 | 102.06 | 80.15 | +1.60 | APD ahead |
| 2025-02-26 | 102.54 | 81.02 | +1.59 | APD ahead |
| 2025-02-25 | 103.68 | 81.81 | +1.61 | APD ahead |
| 2025-02-24 | 101.08 | 81.44 | +1.54 | APD ahead |
| 2025-02-21 | 101.24 | 82.40 | +1.51 | APD ahead |
| 2025-02-20 | 102.68 | 82.57 | +1.57 | APD ahead |
| 2025-02-19 | 103.58 | 81.17 | +1.70 | APD ahead |
| 2025-02-18 | 103.56 | 82.84 | +1.62 | APD ahead |
| 2025-02-14 | 103.28 | 80.65 | +1.74 | APD ahead |
| 2025-02-13 | 102.96 | 79.96 | +1.79 | APD ahead |
| 2025-02-12 | 101.39 | 79.79 | +1.75 | APD ahead |
| 2025-02-11 | 101.11 | 80.56 | +1.71 | APD ahead |
| 2025-02-10 | 101.46 | 80.44 | +1.75 | APD ahead |
| 2025-02-07 | 101.42 | 80.46 | +1.76 | APD ahead |
| 2025-02-06 | 107.20 | 80.86 | +2.00 | APD ahead |
| 2025-02-05 | 108.84 | 79.14 | +2.19 | APD ahead |
| 2025-02-04 | 109.66 | 80.40 | +2.19 | APD ahead |
| 2025-02-03 | 110.45 | 77.96 | +2.39 | APD ahead |
| 2025-01-31 | 109.53 | 81.44 | +2.19 | APD ahead |
| 2025-01-30 | 109.48 | 80.40 | +2.28 | APD ahead |
| 2025-01-29 | 106.93 | 85.61 | +1.90 | APD ahead |
| 2025-01-28 | 106.83 | 86.38 | +1.88 | APD ahead |
| 2025-01-27 | 106.71 | 87.42 | +1.84 | APD ahead |
| 2025-01-24 | 107.57 | 86.28 | +1.96 | APD ahead |
| 2025-01-23 | 105.85 | 86.49 | +1.90 | APD ahead |
| 2025-01-22 | 103.56 | 85.13 | +1.89 | APD ahead |
| 2025-01-21 | 104.47 | 86.72 | +1.86 | APD ahead |
| 2025-01-17 | 103.83 | 85.59 | +1.92 | APD ahead |
| 2025-01-16 | 101.95 | 85.23 | +1.87 | APD ahead |
| 2025-01-15 | 100.26 | 84.25 | +1.87 | APD ahead |
| 2025-01-14 | 100.61 | 83.59 | +1.95 | APD ahead |
| 2025-01-13 | 98.58 | 82.73 | +1.92 | APD ahead |
| 2025-01-10 | 95.75 | 80.29 | +1.95 | APD ahead |
| 2025-01-08 | 93.19 | 81.17 | +1.77 | APD ahead |
| 2025-01-07 | 93.54 | 82.19 | +1.75 | APD ahead |
| 2025-01-06 | 92.53 | 82.90 | +1.66 | APD ahead |
| 2025-01-03 | 92.75 | 82.17 | +1.74 | APD ahead |
| 2025-01-02 | 92.55 | 82.48 | +1.73 | APD ahead |
| 2024-12-31 | 94.76 | 83.69 | +1.79 | APD ahead |
| 2024-12-30 | 94.32 | 82.25 | +1.88 | APD ahead |
| 2024-12-27 | 95.66 | 83.48 | +1.90 | APD ahead |
| 2024-12-26 | 96.40 | 83.88 | +1.93 | APD ahead |
| 2024-12-24 | 96.71 | 83.61 | +1.99 | APD ahead |
| 2024-12-23 | 95.90 | 83.36 | +1.99 | APD ahead |
| 2024-12-20 | 96.37 | 83.30 | +2.04 | APD ahead |
| 2024-12-19 | 95.78 | 81.54 | +2.15 | APD ahead |
| 2024-12-18 | 96.48 | 83.73 | +2.07 | APD ahead |
| 2024-12-17 | 99.55 | 84.61 | +2.22 | APD ahead |
| 2024-12-16 | 100.21 | 83.65 | +2.36 | APD ahead |
| 2024-12-13 | 102.03 | 85.21 | +2.39 | APD ahead |
| 2024-12-12 | 101.57 | 86.09 | +2.34 | APD ahead |
| 2024-12-11 | 102.05 | 86.55 | +2.37 | APD ahead |
| 2024-12-10 | 102.98 | 87.97 | +2.36 | APD ahead |
| 2024-12-09 | 103.44 | 89.11 | +2.34 | APD ahead |
| 2024-12-06 | 104.58 | 87.57 | +2.56 | APD ahead |
| 2024-12-05 | 105.19 | 87.99 | +2.61 | APD ahead |
| 2024-12-04 | 106.99 | 89.36 | +2.66 | APD ahead |
| 2024-12-03 | 108.02 | 91.49 | +2.62 | APD ahead |
| 2024-12-02 | 109.65 | 92.55 | +2.68 | APD ahead |
| 2024-11-29 | 109.23 | 92.20 | +2.73 | APD ahead |
| 2024-11-27 | 108.86 | 93.10 | +2.70 | APD ahead |
| 2024-11-26 | 109.37 | 92.89 | +2.79 | APD ahead |
| 2024-11-25 | 109.11 | 95.66 | +2.62 | APD ahead |
| 2024-11-22 | 108.41 | 94.81 | +2.68 | APD ahead |
| 2024-11-21 | 107.45 | 93.45 | +2.77 | APD ahead |
| 2024-11-20 | 107.11 | 91.62 | +2.94 | APD ahead |
| 2024-11-19 | 107.16 | 91.03 | +3.06 | APD ahead |
| 2024-11-18 | 107.12 | 92.22 | +3.02 | APD ahead |
| 2024-11-15 | 103.60 | 91.85 | +2.86 | APD ahead |
| 2024-11-14 | 103.20 | 92.99 | +2.79 | APD ahead |
| 2024-11-13 | 102.22 | 93.83 | +2.69 | APD ahead |
| 2024-11-12 | 101.64 | 93.93 | +2.68 | APD ahead |
| 2024-11-11 | 102.55 | 96.50 | +2.58 | APD ahead |
| 2024-11-08 | 102.25 | 96.96 | +2.55 | APD ahead |
| 2024-11-07 | 102.20 | 101.98 | +2.17 | APD ahead |
| 2024-11-06 | 100.21 | 100.83 | +2.12 | APD ahead |
| 2024-11-05 | 100.09 | 99.90 | +2.20 | APD ahead |
| 2024-11-04 | 100.00 | 100.00 | +2.19 | APD ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jan 30, 2025 (APD +2.4%, DOW -6.1%); Jul 24, 2025 (APD -0.2%, DOW -17.4%); Oct 23, 2025 (APD +0.7%, DOW +12.9%); Nov 6, 2025 (APD +8.9%, DOW -2.4%).
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 Nov 3, 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
APD and DOW at a glance
APD Air Products and Chemicals Inc.
- Listing
- NYSE · SEC CIK 2969
- Industry
- Major Chemicals · SIC 2810 Industrial Inorganic Chemicals
- Market value
- $69.7B
- Price history
- 2,532 daily closes, Oct 12, 2016 to Nov 6, 2026
DOW Dow Inc.
- Listing
- NYSE · SEC CIK 1751788
- Industry
- Major Chemicals · SIC 2821 Plastic Materials, Synth Resins & Nonvulcan Elastomers
- Market value
- $24.5B
- Price history
- 1,921 daily closes, Mar 20, 2019 to Nov 6, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of APD and DOW
| Pair | Status | Ahead now | Industry |
|---|---|---|---|
| DOW / ALB | Watchlist | DOW by 1.97 sd | SIC 2821 Plastic Materials, Synth Resins & Nonvulcan Elastomers |
| DOW / DD | Watchlist | DD by 0.40 sd | SIC 2821 Plastic Materials, Synth Resins & Nonvulcan Elastomers |
| LIN / DOW | Watchlist | LIN by 0.37 sd | Major Chemicals |
| LIN / APD | Watchlist | neither | Major Chemicals |
Follow the research behind the paper book
Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.
Explore the private betaPaper 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.
