SIC 5065 Wholesale-Electronic Parts & Equipment, NEC

Arrow Electronics Inc. vs TE Connectivity plc

WatchlistARW / TELPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($61B vs $11B) with SEC SIC 5065 (Wholesale-Electronic Parts & Equipment, NEC).

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: 0.40 (needs >= 0.60)
Mean reversion: ADF t-statistic of the spread: -0.89 (needs <= -2.873 (5% critical value))
Speed: half-life of the spread, sessions: 200.23 (needs <= 63)

Business leadership

ARW is the larger business

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

Year	ARW	TEL	Larger
2025	$30.9B	$17.3B	ARW
2024	$27.9B	$15.8B	ARW
2023	$33.1B	$16.0B	ARW
2022	$37.1B	$16.3B	ARW
2021	$34.5B	$14.9B	ARW
2020	$28.7B	$12.2B	ARW

ARW led in every year with figures for both. Market value: ARW $11.0B, TEL $61.5B.

Stock leadership

ARW is ahead now

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

ARW leads TEL by 0.85 standard deviations: +31.7% over its usual price ratio. 1 lead switch in the last year.

Price change	3 mo	6 mo	12 mo
ARW	-1.4%	+11.7%	+67.1%
TEL	+2.7%	-4.3%	-8.7%

Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass: Aligned sessions: 2521 (needs >= 254)
Fail: Co-movement: daily return correlation, 252 sessions: 0.40 (needs >= 0.60)
Fail: Mean reversion: ADF t-statistic of the spread: -0.89 (needs <= -2.873 (5% critical value))
Fail: Speed: half-life of the spread, sessions: 200.23 (needs <= 63)
Data: Both stocks current

The twins over two years

Prices side by side, and the gap between them

ARW Arrow Electronics Inc. TEL TE Connectivity plcPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).

Spread z-score: ARW relative to TEL, against the 252 sessions before each day. Above 0: ARW ahead; below 0: TEL ahead. Lines at +/-2 (idea) and +/-4 (stop).

Data table (504 sessions)

Date	ARW index	TEL index	z	Ahead
2026-10-22	154.48	139.91	+0.85	ARW ahead
2026-10-21	161.65	143.71	+0.92	ARW ahead
2026-10-20	158.56	143.42	+0.87	ARW ahead
2026-10-19	159.55	142.53	+0.91	ARW ahead
2026-10-16	158.33	142.74	+0.89	ARW ahead
2026-10-15	162.43	142.98	+0.98	ARW ahead
2026-10-14	165.44	141.14	+1.08	ARW ahead
2026-10-13	170.97	144.94	+1.11	ARW ahead
2026-10-12	166.52	145.85	+1.02	ARW ahead
2026-10-09	168.13	146.53	+1.04	ARW ahead
2026-10-08	167.28	143.86	+1.09	ARW ahead
2026-10-07	171.15	144.88	+1.15	ARW ahead
2026-10-06	177.35	147.35	+1.21	ARW ahead
2026-10-05	177.22	146.96	+1.23	ARW ahead
2026-10-02	178.54	147.92	+1.24	ARW ahead
2026-10-01	170.88	146.18	+1.15	ARW ahead
2026-09-30	167.47	141.69	+1.20	ARW ahead
2026-09-29	169.85	142.71	+1.23	ARW ahead
2026-09-28	170.02	144.13	+1.21	ARW ahead
2026-09-25	171.74	146.73	+1.20	ARW ahead
2026-09-24	167.71	143.43	+1.20	ARW ahead
2026-09-23	167.33	143.91	+1.20	ARW ahead
2026-09-22	163.65	143.30	+1.15	ARW ahead
2026-09-21	161.64	140.97	+1.17	ARW ahead
2026-09-18	161.79	137.89	+1.25	ARW ahead
2026-09-17	158.63	138.69	+1.18	ARW ahead
2026-09-16	156.18	135.73	+1.21	ARW ahead
2026-09-15	157.01	135.21	+1.25	ARW ahead
2026-09-14	157.76	136.52	+1.25	ARW ahead
2026-09-11	168.35	142.28	+1.33	ARW ahead
2026-09-10	157.46	137.36	+1.24	ARW ahead
2026-09-09	158.41	137.40	+1.27	ARW ahead
2026-09-08	160.39	137.60	+1.32	ARW ahead
2026-09-04	159.33	140.06	+1.25	ARW ahead
2026-09-03	155.57	140.57	+1.17	ARW ahead
2026-09-02	153.54	135.74	+1.25	ARW ahead
2026-09-01	151.96	139.63	+1.13	ARW ahead
2026-08-31	150.82	137.78	+1.16	ARW ahead
2026-08-28	150.44	136.04	+1.20	ARW ahead
2026-08-27	154.16	136.27	+1.29	ARW ahead
2026-08-26	152.78	137.63	+1.23	ARW ahead
2026-08-25	149.44	135.20	+1.23	ARW ahead
2026-08-24	148.90	135.87	+1.21	ARW ahead
2026-08-21	155.55	136.62	+1.35	ARW ahead
2026-08-20	152.45	134.62	+1.34	ARW ahead
2026-08-19	151.65	136.65	+1.29	ARW ahead
2026-08-18	157.51	137.59	+1.40	ARW ahead
2026-08-17	162.57	145.92	+1.32	ARW ahead
2026-08-14	157.87	145.15	+1.25	ARW ahead
2026-08-13	154.33	144.15	+1.21	ARW ahead
2026-08-12	155.15	143.79	+1.24	ARW ahead
2026-08-11	152.32	146.80	+1.12	ARW ahead
2026-08-10	149.44	143.84	+1.13	ARW ahead
2026-08-07	150.14	145.22	+1.12	ARW ahead
2026-08-06	163.99	144.38	+1.46	ARW ahead
2026-08-05	167.36	146.35	+1.49	ARW ahead
2026-08-04	167.96	145.55	+1.54	ARW ahead
2026-08-03	159.95	137.59	+1.58	ARW ahead
2026-07-31	159.77	138.07	+1.58	ARW ahead
2026-07-30	157.03	138.67	+1.52	ARW ahead
2026-07-29	151.20	138.92	+1.39	ARW ahead
2026-07-28	155.95	143.85	+1.39	ARW ahead
2026-07-27	157.31	139.34	+1.54	ARW ahead
2026-07-24	156.60	136.23	+1.62	ARW ahead
2026-07-23	158.69	133.44	+1.76	ARW ahead
2026-07-22	161.41	134.44	+1.81	ARW ahead
2026-07-21	159.52	140.30	+1.63	ARW ahead
2026-07-20	151.69	136.36	+1.56	ARW ahead
2026-07-17	152.42	136.48	+1.59	ARW ahead
2026-07-16	150.57	135.98	+1.57	ARW ahead
2026-07-15	152.05	135.15	+1.64	ARW ahead
2026-07-14	152.34	134.91	+1.67	ARW ahead
2026-07-13	148.86	133.03	+1.64	ARW ahead
2026-07-10	152.28	134.50	+1.70	ARW ahead
2026-07-09	151.45	133.52	+1.72	ARW ahead
2026-07-08	146.46	131.73	+1.66	ARW ahead
2026-07-07	143.03	132.81	+1.55	ARW ahead
2026-07-06	145.94	134.36	+1.59	ARW ahead
2026-07-02	145.69	132.54	+1.65	ARW ahead
2026-07-01	154.64	135.22	+1.81	ARW ahead
2026-06-30	157.44	135.34	+1.90	ARW ahead
2026-06-29	158.56	133.11	+2.01	ARW ahead
2026-06-26	158.72	132.74	+2.04	ARW ahead
2026-06-25	168.96	134.30	+2.27	ARW ahead
2026-06-24	165.82	133.28	+2.25	ARW ahead
2026-06-23	166.32	136.30	+2.20	ARW ahead
2026-06-22	173.24	142.77	+2.20	ARW ahead
2026-06-18	171.67	146.10	+2.09	ARW ahead
2026-06-17	166.72	142.44	+2.10	ARW ahead
2026-06-16	168.76	145.67	+2.08	ARW ahead
2026-06-15	169.14	145.09	+2.13	ARW ahead
2026-06-12	167.30	141.22	+2.22	ARW ahead
2026-06-11	164.41	139.45	+2.22	ARW ahead
2026-06-10	158.97	135.60	+2.23	ARW ahead
2026-06-09	161.86	141.58	+2.14	ARW ahead
2026-06-08	162.03	138.02	+2.28	ARW ahead
2026-06-05	161.63	142.75	+2.15	ARW ahead
2026-06-04	165.54	148.18	+2.11	ARW ahead
2026-06-03	169.20	146.60	+2.28	ARW ahead
2026-06-02	168.50	144.14	+2.37	ARW ahead
2026-06-01	160.46	141.70	+2.25	ARW ahead
2026-05-29	158.34	143.26	+2.17	ARW ahead
2026-05-28	159.36	141.19	+2.29	ARW ahead
2026-05-27	160.46	140.13	+2.39	ARW ahead
2026-05-26	164.54	140.03	+2.54	ARW ahead
2026-05-22	160.33	136.12	+2.59	ARW ahead
2026-05-21	157.02	135.98	+2.53	ARW ahead
2026-05-20	158.21	135.19	+2.63	ARW ahead
2026-05-19	152.17	131.62	+2.61	ARW ahead
2026-05-18	153.40	134.60	+2.58	ARW ahead
2026-05-15	153.72	137.69	+2.51	ARW ahead
2026-05-14	158.05	138.75	+2.65	ARW ahead
2026-05-13	156.27	139.40	+2.60	ARW ahead
2026-05-12	148.62	143.47	+2.21	ARW ahead
2026-05-11	149.44	138.36	+2.45	ARW ahead
2026-05-08	143.82	138.42	+2.27	ARW ahead
2026-05-07	140.04	141.01	+2.04	ARW ahead
2026-05-06	141.53	145.11	+1.96	ARW ahead
2026-05-05	137.52	138.91	+2.05	ARW ahead
2026-05-04	136.86	137.80	+2.08	ARW ahead
2026-05-01	136.13	139.24	+2.01	ARW ahead
2026-04-30	138.57	142.08	+2.01	ARW ahead
2026-04-29	137.20	137.78	+2.14	ARW ahead
2026-04-28	135.76	137.14	+2.13	ARW ahead
2026-04-27	137.59	140.65	+2.07	ARW ahead
2026-04-24	137.97	144.10	+1.96	ARW ahead
2026-04-23	138.33	146.16	+1.91	ARW ahead
2026-04-22	133.93	148.38	+1.64	ARW ahead
2026-04-21	131.40	163.24	+0.99	ARW ahead
2026-04-20	129.82	166.25	+0.82	ARW ahead
2026-04-17	129.08	165.23	+0.81	ARW ahead
2026-04-16	126.77	158.74	+0.94	ARW ahead
2026-04-15	124.66	157.18	+0.89	ARW ahead
2026-04-14	128.12	159.01	+0.98	ARW ahead
2026-04-13	129.03	157.30	+1.08	ARW ahead
2026-04-10	116.70	154.25	+0.63	ARW ahead
2026-04-09	116.14	153.47	+0.63	ARW ahead
2026-04-08	114.33	149.71	+0.67	ARW ahead
2026-04-07	109.01	141.63	+0.71	ARW ahead
2026-04-06	108.62	140.79	+0.73	ARW ahead
2026-04-02	107.60	140.34	+0.69	ARW ahead
2026-04-01	108.17	142.09	+0.65	ARW ahead
2026-03-31	105.80	140.31	+0.59	ARW ahead
2026-03-30	100.55	133.34	+0.59	ARW ahead
2026-03-27	103.01	135.69	+0.63	ARW ahead
2026-03-26	105.67	136.40	+0.74	ARW ahead
2026-03-25	107.81	140.98	+0.67	ARW ahead
2026-03-24	106.41	138.53	+0.69	ARW ahead
2026-03-23	103.21	134.79	+0.67	ARW ahead
2026-03-20	100.80	131.46	+0.68	ARW ahead
2026-03-19	103.70	133.17	+0.76	ARW ahead
2026-03-18	103.37	131.74	+0.80	ARW ahead
2026-03-17	103.94	137.17	+0.61	ARW ahead
2026-03-16	104.04	136.57	+0.64	ARW ahead
2026-03-13	103.61	133.86	+0.72	ARW ahead
2026-03-12	103.67	132.81	+0.77	ARW ahead
2026-03-11	104.83	137.71	+0.63	ARW ahead
2026-03-10	103.25	136.24	+0.61	ARW ahead
2026-03-09	103.16	138.44	+0.51	ARW ahead
2026-03-06	102.07	138.18	+0.46	near the usual relationship
2026-03-05	105.59	141.34	+0.52	ARW ahead
2026-03-04	105.84	140.31	+0.57	ARW ahead
2026-03-03	107.60	137.15	+0.79	ARW ahead
2026-03-02	110.63	142.30	+0.74	ARW ahead
2026-02-27	112.25	154.49	+0.37	near the usual relationship
2026-02-26	113.50	158.28	+0.29	near the usual relationship
2026-02-25	113.83	162.72	+0.16	near the usual relationship
2026-02-24	115.75	162.07	+0.27	near the usual relationship
2026-02-23	117.79	155.25	+0.59	ARW ahead
2026-02-20	115.85	157.57	+0.42	near the usual relationship
2026-02-19	113.52	156.00	+0.36	near the usual relationship
2026-02-18	112.90	158.17	+0.26	near the usual relationship
2026-02-17	112.72	158.35	+0.24	near the usual relationship
2026-02-13	115.23	158.55	+0.35	near the usual relationship
2026-02-12	114.82	151.33	+0.58	ARW ahead
2026-02-11	116.42	153.36	+0.58	ARW ahead
2026-02-10	115.10	151.56	+0.58	ARW ahead
2026-02-09	116.64	152.02	+0.64	ARW ahead
2026-02-06	117.00	144.94	+0.91	ARW ahead
2026-02-05	104.09	140.09	+0.46	near the usual relationship
2026-02-04	101.80	144.85	+0.15	near the usual relationship
2026-02-03	99.86	151.94	-0.21	near the usual relationship
2026-02-02	98.58	152.47	-0.30	near the usual relationship
2026-01-30	97.74	149.55	-0.25	near the usual relationship
2026-01-29	98.05	151.89	-0.32	near the usual relationship
2026-01-28	94.73	148.87	-0.40	near the usual relationship
2026-01-27	89.34	154.92	-0.93	TEL ahead
2026-01-26	86.86	151.37	-0.96	TEL ahead
2026-01-23	86.06	150.26	-0.98	TEL ahead
2026-01-22	87.40	155.30	-1.08	TEL ahead
2026-01-21	87.22	155.06	-1.09	TEL ahead
2026-01-20	83.64	156.59	-1.38	TEL ahead
2026-01-16	87.20	161.78	-1.34	TEL ahead
2026-01-15	87.53	162.40	-1.35	TEL ahead
2026-01-14	85.58	159.29	-1.38	TEL ahead
2026-01-13	85.54	158.82	-1.38	TEL ahead
2026-01-12	85.06	158.02	-1.39	TEL ahead
2026-01-09	84.83	155.47	-1.33	TEL ahead
2026-01-08	83.64	153.07	-1.34	TEL ahead
2026-01-07	82.28	154.12	-1.47	TEL ahead
2026-01-06	83.73	155.27	-1.43	TEL ahead
2026-01-05	83.35	155.33	-1.47	TEL ahead
2026-01-02	83.39	156.56	-1.52	TEL ahead
2025-12-31	81.28	152.72	-1.54	TEL ahead
2025-12-30	83.37	154.65	-1.49	TEL ahead
2025-12-29	83.39	155.60	-1.53	TEL ahead
2025-12-26	83.65	156.06	-1.55	TEL ahead
2025-12-24	83.01	155.67	-1.59	TEL ahead
2025-12-23	82.94	156.20	-1.63	TEL ahead
2025-12-22	83.59	156.75	-1.62	TEL ahead
2025-12-19	83.51	154.38	-1.55	TEL ahead
2025-12-18	82.08	151.69	-1.57	TEL ahead
2025-12-17	82.46	149.51	-1.48	TEL ahead
2025-12-16	83.19	152.32	-1.54	TEL ahead
2025-12-15	83.70	154.86	-1.62	TEL ahead
2025-12-12	83.80	154.50	-1.61	TEL ahead
2025-12-11	84.99	163.99	-1.88	TEL ahead
2025-12-10	85.82	163.88	-1.85	TEL ahead
2025-12-09	83.87	158.56	-1.81	TEL ahead
2025-12-08	83.31	157.07	-1.81	TEL ahead
2025-12-05	82.98	157.32	-1.86	TEL ahead
2025-12-04	82.12	156.68	-1.92	TEL ahead
2025-12-03	81.85	154.93	-1.90	TEL ahead
2025-12-02	80.34	154.09	-2.00	TEL ahead
2025-12-01	79.49	151.54	-1.99	TEL ahead
2025-11-28	79.68	151.81	-2.01	TEL ahead
2025-11-26	79.60	150.86	-2.00	TEL ahead
2025-11-25	78.81	149.20	-2.02	TEL ahead
2025-11-24	78.11	147.84	-2.04	TEL ahead
2025-11-21	78.01	146.96	-2.04	TEL ahead
2025-11-20	75.15	143.98	-2.17	TEL ahead
2025-11-19	76.95	156.43	-2.57	TEL ahead
2025-11-18	77.68	155.43	-2.51	TEL ahead
2025-11-17	77.36	157.22	-2.66	TEL ahead
2025-11-14	79.79	159.31	-2.59	TEL ahead
2025-11-13	81.31	158.61	-2.48	TEL ahead
2025-11-12	82.09	165.35	-2.74	TEL ahead
2025-11-11	81.48	165.91	-2.87	TEL ahead
2025-11-10	82.85	166.32	-2.83	TEL ahead
2025-11-07	82.41	162.73	-2.77	TEL ahead
2025-11-06	82.04	162.78	-2.85	TEL ahead
2025-11-05	83.24	167.15	-3.00	TEL ahead
2025-11-04	82.35	163.49	-2.98	TEL ahead
2025-11-03	82.22	165.72	-3.15	TEL ahead
2025-10-31	82.29	165.81	-3.21	TEL ahead
2025-10-30	83.53	163.42	-3.05	TEL ahead
2025-10-29	85.65	161.62	-2.83	TEL ahead
2025-10-28	87.25	158.78	-2.60	TEL ahead
2025-10-27	88.04	158.92	-2.57	TEL ahead
2025-10-24	88.51	158.19	-2.53	TEL ahead
2025-10-23	89.35	157.14	-2.43	TEL ahead
2025-10-22	88.58	153.79	-2.36	TEL ahead
2025-10-21	92.47	153.20	-2.02	TEL ahead
2025-10-20	92.03	151.68	-2.00	TEL ahead
2025-10-17	87.90	149.68	-2.27	TEL ahead
2025-10-16	87.10	150.49	-2.41	TEL ahead
2025-10-15	86.67	149.49	-2.42	TEL ahead
2025-10-14	85.47	148.12	-2.49	TEL ahead
2025-10-13	83.84	147.26	-2.63	TEL ahead
2025-10-10	83.73	144.04	-2.50	TEL ahead
2025-10-09	86.91	149.33	-2.53	TEL ahead
2025-10-08	88.88	150.65	-2.45	TEL ahead
2025-10-07	88.21	149.07	-2.46	TEL ahead
2025-10-06	90.66	149.67	-2.30	TEL ahead
2025-10-03	89.70	148.24	-2.34	TEL ahead
2025-10-02	90.34	148.43	-2.32	TEL ahead
2025-10-01	89.77	148.82	-2.42	TEL ahead
2025-09-30	89.27	147.37	-2.42	TEL ahead
2025-09-29	88.96	146.19	-2.41	TEL ahead
2025-09-26	89.21	145.69	-2.39	TEL ahead
2025-09-25	87.67	143.97	-2.47	TEL ahead
2025-09-24	89.21	144.70	-2.40	TEL ahead
2025-09-23	89.30	147.45	-2.59	TEL ahead
2025-09-22	89.96	146.73	-2.52	TEL ahead
2025-09-19	89.80	145.11	-2.47	TEL ahead
2025-09-18	90.62	145.88	-2.48	TEL ahead
2025-09-17	87.85	143.54	-2.65	TEL ahead
2025-09-16	93.69	142.69	-2.05	TEL ahead
2025-09-15	94.08	141.74	-1.98	TEL ahead
2025-09-12	94.68	140.85	-1.88	TEL ahead
2025-09-11	95.36	142.58	-1.95	TEL ahead
2025-09-10	93.74	141.20	-2.04	TEL ahead
2025-09-09	93.12	140.06	-2.05	TEL ahead
2025-09-08	93.03	139.54	-2.04	TEL ahead
2025-09-05	94.16	140.12	-1.99	TEL ahead
2025-09-04	93.47	139.99	-2.08	TEL ahead
2025-09-03	91.72	138.27	-2.16	TEL ahead
2025-09-02	91.17	137.32	-2.18	TEL ahead
2025-08-29	93.20	138.62	-2.09	TEL ahead
2025-08-28	93.56	139.65	-2.15	TEL ahead
2025-08-27	94.27	139.34	-2.08	TEL ahead
2025-08-26	93.70	138.89	-2.13	TEL ahead
2025-08-25	95.16	137.70	-1.92	TEL ahead
2025-08-22	95.96	137.61	-1.85	TEL ahead
2025-08-21	91.64	134.46	-2.10	TEL ahead
2025-08-20	92.17	135.30	-2.13	TEL ahead
2025-08-19	92.42	136.53	-2.22	TEL ahead
2025-08-18	91.10	136.74	-2.41	TEL ahead
2025-08-15	91.27	136.07	-2.38	TEL ahead
2025-08-14	92.85	138.93	-2.45	TEL ahead
2025-08-13	93.99	138.48	-2.33	TEL ahead
2025-08-12	91.04	137.03	-2.59	TEL ahead
2025-08-11	88.49	134.16	-2.71	TEL ahead
2025-08-08	89.18	135.58	-2.78	TEL ahead
2025-08-07	87.44	134.20	-2.94	TEL ahead
2025-08-06	85.73	134.29	-3.23	TEL ahead
2025-08-05	86.81	135.28	-3.26	TEL ahead
2025-08-04	85.66	136.94	-3.65	TEL ahead
2025-08-01	84.59	135.55	-3.79	TEL ahead
2025-07-31	85.58	138.12	-4.01	TEL ahead
2025-07-30	95.74	138.74	-2.77	TEL ahead
2025-07-29	95.93	140.41	-2.95	TEL ahead
2025-07-28	94.95	140.52	-3.16	TEL ahead
2025-07-25	94.29	139.67	-3.25	TEL ahead
2025-07-24	93.80	138.01	-3.24	TEL ahead
2025-07-23	96.15	135.62	-2.73	TEL ahead
2025-07-22	96.24	121.15	-1.22	TEL ahead
2025-07-21	96.18	120.50	-1.16	TEL ahead
2025-07-18	96.25	120.14	-1.12	TEL ahead
2025-07-17	96.44	119.27	-1.00	TEL ahead
2025-07-16	96.27	118.40	-0.93	TEL ahead
2025-07-15	96.27	117.77	-0.86	TEL ahead
2025-07-14	97.33	118.27	-0.77	TEL ahead
2025-07-11	97.50	118.89	-0.82	TEL ahead
2025-07-10	98.30	117.49	-0.56	TEL ahead
2025-07-09	97.80	115.90	-0.44	near the usual relationship
2025-07-08	97.38	115.75	-0.48	near the usual relationship
2025-07-07	96.06	114.88	-0.57	TEL ahead
2025-07-03	97.51	117.00	-0.62	TEL ahead
2025-07-02	97.34	116.41	-0.58	TEL ahead
2025-07-01	95.73	114.30	-0.56	TEL ahead
2025-06-30	94.01	113.22	-0.68	TEL ahead
2025-06-27	93.88	112.02	-0.56	TEL ahead
2025-06-26	94.64	113.48	-0.63	TEL ahead
2025-06-25	93.69	112.69	-0.68	TEL ahead
2025-06-24	93.36	111.75	-0.62	TEL ahead
2025-06-23	92.93	111.31	-0.63	TEL ahead
2025-06-20	91.25	109.55	-0.67	TEL ahead
2025-06-18	91.10	109.94	-0.75	TEL ahead
2025-06-17	91.58	109.86	-0.67	TEL ahead
2025-06-16	92.09	111.09	-0.75	TEL ahead
2025-06-13	90.03	109.16	-0.83	TEL ahead
2025-06-12	91.11	111.43	-0.95	TEL ahead
2025-06-11	91.78	111.26	-0.84	TEL ahead
2025-06-10	92.28	111.69	-0.83	TEL ahead
2025-06-09	90.95	111.43	-1.00	TEL ahead
2025-06-06	89.95	110.53	-1.04	TEL ahead
2025-06-05	89.09	108.96	-0.99	TEL ahead
2025-06-04	88.57	108.79	-1.05	TEL ahead
2025-06-03	88.76	108.70	-1.02	TEL ahead
2025-06-02	86.69	107.32	-1.18	TEL ahead
2025-05-30	87.33	107.45	-1.10	TEL ahead
2025-05-29	87.99	108.44	-1.13	TEL ahead
2025-05-28	87.44	107.60	-1.12	TEL ahead
2025-05-27	88.46	108.32	-1.07	TEL ahead
2025-05-23	86.41	105.77	-1.07	TEL ahead
2025-05-22	87.90	106.67	-0.96	TEL ahead
2025-05-21	87.56	107.08	-1.07	TEL ahead
2025-05-20	89.00	109.34	-1.14	TEL ahead
2025-05-19	89.21	109.33	-1.12	TEL ahead
2025-05-16	89.95	110.08	-1.11	TEL ahead
2025-05-15	88.96	109.50	-1.20	TEL ahead
2025-05-14	88.61	107.90	-1.06	TEL ahead
2025-05-13	89.43	109.01	-1.08	TEL ahead
2025-05-12	89.82	108.06	-0.91	TEL ahead
2025-05-09	87.00	102.62	-0.66	TEL ahead
2025-05-08	87.30	102.11	-0.55	TEL ahead
2025-05-07	85.18	100.48	-0.67	TEL ahead
2025-05-06	84.91	99.70	-0.61	TEL ahead
2025-05-05	86.00	100.59	-0.57	TEL ahead
2025-05-02	84.95	100.64	-0.74	TEL ahead
2025-05-01	83.42	98.25	-0.67	TEL ahead
2025-04-30	82.15	98.26	-0.88	TEL ahead
2025-04-29	82.17	97.50	-0.78	TEL ahead
2025-04-28	83.34	97.27	-0.57	TEL ahead
2025-04-25	82.42	96.91	-0.68	TEL ahead
2025-04-24	82.69	96.34	-0.56	TEL ahead
2025-04-23	79.51	91.33	-0.38	near the usual relationship
2025-04-22	77.29	89.58	-0.50	TEL ahead
2025-04-21	75.40	86.43	-0.36	near the usual relationship
2025-04-17	75.39	86.76	-0.42	near the usual relationship
2025-04-16	74.14	85.18	-0.40	near the usual relationship
2025-04-15	74.22	86.96	-0.66	TEL ahead
2025-04-14	73.77	87.23	-0.78	TEL ahead
2025-04-11	72.16	85.89	-0.88	TEL ahead
2025-04-10	71.32	85.49	-0.97	TEL ahead
2025-04-09	74.52	89.86	-1.06	TEL ahead
2025-04-08	67.93	82.11	-1.10	TEL ahead
2025-04-07	66.63	82.90	-1.49	TEL ahead
2025-04-04	68.12	81.90	-1.05	TEL ahead
2025-04-03	70.90	87.25	-1.37	TEL ahead
2025-04-02	77.58	95.52	-1.39	TEL ahead
2025-04-01	76.15	94.45	-1.50	TEL ahead
2025-03-31	76.60	94.86	-1.49	TEL ahead
2025-03-28	76.51	95.41	-1.59	TEL ahead
2025-03-27	77.73	98.75	-1.86	TEL ahead
2025-03-26	78.89	100.52	-1.92	TEL ahead
2025-03-25	79.01	101.23	-2.02	TEL ahead
2025-03-24	79.93	100.01	-1.72	TEL ahead
2025-03-21	77.02	98.12	-1.99	TEL ahead
2025-03-20	78.16	98.19	-1.82	TEL ahead
2025-03-19	80.37	99.19	-1.59	TEL ahead
2025-03-18	79.25	98.58	-1.71	TEL ahead
2025-03-17	77.93	98.50	-1.96	TEL ahead
2025-03-14	77.26	97.93	-2.02	TEL ahead
2025-03-13	75.20	94.80	-1.97	TEL ahead
2025-03-12	75.68	96.11	-2.10	TEL ahead
2025-03-11	77.18	97.04	-1.98	TEL ahead
2025-03-10	79.32	99.38	-1.95	TEL ahead
2025-03-07	80.66	101.24	-2.00	TEL ahead
2025-03-06	78.11	98.87	-2.16	TEL ahead
2025-03-05	78.15	101.22	-2.53	TEL ahead
2025-03-04	77.00	99.38	-2.52	TEL ahead
2025-03-03	77.93	101.09	-2.64	TEL ahead
2025-02-28	79.73	103.40	-2.68	TEL ahead
2025-02-27	79.87	101.87	-2.46	TEL ahead
2025-02-26	81.07	102.52	-2.36	TEL ahead
2025-02-25	81.26	101.99	-2.27	TEL ahead
2025-02-24	82.44	102.84	-2.20	TEL ahead
2025-02-21	82.15	103.72	-2.43	TEL ahead
2025-02-20	82.77	104.57	-2.48	TEL ahead
2025-02-19	82.54	104.75	-2.59	TEL ahead
2025-02-18	81.80	103.66	-2.60	TEL ahead
2025-02-14	80.50	102.55	-2.72	TEL ahead
2025-02-13	79.84	102.85	-2.97	TEL ahead
2025-02-12	78.80	98.34	-2.44	TEL ahead
2025-02-11	79.39	99.93	-2.62	TEL ahead
2025-02-10	79.53	100.48	-2.72	TEL ahead
2025-02-07	78.92	98.60	-2.55	TEL ahead
2025-02-06	80.94	98.32	-2.06	TEL ahead
2025-02-05	84.77	98.15	-1.19	TEL ahead
2025-02-04	83.95	97.18	-1.18	TEL ahead
2025-02-03	83.73	97.38	-1.27	TEL ahead
2025-01-31	85.98	99.33	-1.15	TEL ahead
2025-01-30	86.32	100.56	-1.30	TEL ahead
2025-01-29	86.79	99.15	-0.95	TEL ahead
2025-01-28	86.50	99.65	-1.10	TEL ahead
2025-01-27	85.71	100.86	-1.49	TEL ahead
2025-01-24	87.94	103.84	-1.56	TEL ahead
2025-01-23	88.01	105.38	-1.84	TEL ahead
2025-01-22	87.91	104.11	-1.65	TEL ahead
2025-01-21	87.98	99.55	-0.82	TEL ahead
2025-01-17	86.06	97.82	-0.91	TEL ahead
2025-01-16	84.82	96.46	-0.93	TEL ahead
2025-01-15	84.27	96.31	-1.03	TEL ahead
2025-01-14	83.28	95.93	-1.18	TEL ahead
2025-01-13	81.84	94.76	-1.29	TEL ahead
2025-01-10	82.59	94.59	-1.10	TEL ahead
2025-01-08	82.69	96.46	-1.45	TEL ahead
2025-01-07	83.70	96.50	-1.24	TEL ahead
2025-01-06	82.71	96.29	-1.43	TEL ahead
2025-01-03	83.47	95.59	-1.14	TEL ahead
2025-01-02	82.17	94.41	-1.21	TEL ahead
2024-12-31	83.45	95.97	-1.23	TEL ahead
2024-12-30	82.95	95.91	-1.35	TEL ahead
2024-12-27	84.08	97.32	-1.38	TEL ahead
2024-12-26	84.86	98.21	-1.39	TEL ahead
2024-12-24	85.19	97.67	-1.22	TEL ahead
2024-12-23	84.80	96.74	-1.14	TEL ahead
2024-12-20	84.66	96.44	-1.12	TEL ahead
2024-12-19	85.15	96.59	-1.05	TEL ahead
2024-12-18	85.43	97.19	-1.11	TEL ahead
2024-12-17	86.99	99.32	-1.19	TEL ahead
2024-12-16	88.00	100.66	-1.23	TEL ahead
2024-12-13	88.75	100.75	-1.10	TEL ahead
2024-12-12	90.02	101.58	-0.99	TEL ahead
2024-12-11	90.79	100.58	-0.64	TEL ahead
2024-12-10	88.68	100.86	-1.15	TEL ahead
2024-12-09	90.33	101.70	-0.97	TEL ahead
2024-12-06	88.89	102.30	-1.40	TEL ahead
2024-12-05	88.06	102.32	-1.60	TEL ahead
2024-12-04	88.95	102.84	-1.51	TEL ahead
2024-12-03	89.47	101.93	-1.24	TEL ahead
2024-12-02	90.45	103.60	-1.36	TEL ahead
2024-11-29	88.65	101.44	-1.35	TEL ahead
2024-11-27	88.08	101.46	-1.49	TEL ahead
2024-11-26	89.17	100.60	-1.10	TEL ahead
2024-11-25	89.77	102.52	-1.34	TEL ahead
2024-11-22	87.98	102.21	-1.68	TEL ahead
2024-11-21	86.28	101.04	-1.86	TEL ahead
2024-11-20	84.20	99.23	-2.00	TEL ahead
2024-11-19	83.90	98.64	-1.97	TEL ahead
2024-11-18	84.77	99.59	-1.97	TEL ahead
2024-11-15	84.97	99.58	-1.94	TEL ahead
2024-11-14	84.99	102.87	-2.59	TEL ahead
2024-11-13	84.46	103.87	-2.95	TEL ahead
2024-11-12	85.74	102.95	-2.51	TEL ahead
2024-11-11	88.55	104.07	-2.10	TEL ahead
2024-11-08	88.68	104.09	-2.10	TEL ahead
2024-11-07	89.55	104.18	-1.94	TEL ahead
2024-11-06	90.67	103.87	-1.64	TEL ahead
2024-11-05	87.67	100.11	-1.59	TEL ahead
2024-11-04	87.89	100.76	-1.67	TEL ahead
2024-11-01	89.29	100.70	-1.37	TEL ahead
2024-10-31	87.55	98.96	-1.42	TEL ahead
2024-10-30	100.18	101.89	+0.63	ARW ahead
2024-10-29	99.26	102.46	+0.33	near the usual relationship
2024-10-28	98.72	101.28	+0.44	near the usual relationship
2024-10-25	97.67	100.11	+0.45	near the usual relationship
2024-10-24	98.79	98.59	+0.95	ARW ahead
2024-10-23	97.65	97.65	+0.90	ARW ahead
2024-10-22	98.50	98.54	+0.88	ARW ahead
2024-10-21	98.92	99.17	+0.84	ARW ahead
2024-10-18	100.00	100.00	+0.88	ARW ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jul 23, 2025 (ARW -0.1%, TEL +11.9%); Jul 31, 2025 (ARW -10.6%, TEL -0.5%); Sep 17, 2025 (ARW -6.2%, TEL +0.6%); Jan 28, 2026 (ARW +6.0%, TEL -3.9%); Feb 6, 2026 (ARW +12.4%, TEL +3.5%); Apr 22, 2026 (ARW +1.9%, TEL -9.1%). Upcoming earnings: TEL Oct 28, 2026 (pre-market); ARW Oct 29, 2026 (not-supplied).

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)

2 simulated trades to Oct 20, 2026: +7.17% per trade on average after costs, 2 won.

Legs	Entered	Exited	Why	Days	Before costs	Costs + borrow	After costs
Long TEL · Short ARW	Apr 7, 2021	Jul 30, 2021	converged	114	$798.23	-$81.27	$781.59 (+7.82%)
Long ARW · Short TEL	Mar 3, 2021	Mar 18, 2021	converged	15	$728.20	-$67.05	$652.71 (+6.53%)

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

The companies

ARW and TEL at a glance

ARW Arrow Electronics Inc.

Listing: NYSE · SEC CIK 7536
Industry: Electronic Components · SIC 5065 Wholesale-Electronic Parts & Equipment, NEC
Market value: $11.0B
Price history: 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

TEL TE Connectivity plc

Listing: NYSE · SEC CIK 1385157
Industry: Electronic Components · SIC 5065 Wholesale-Electronic Parts & Equipment, NEC
Market value: $61.5B
Price history: 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

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

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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.