Medicinal Chemicals and Botanical Products

British American Tobacco Industries p.l.c. Common Stock ADR vs Altria Group Inc.

WatchlistBTI / MOPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($126B vs $124B) in Nasdaq's " Medicinal Chemicals and Botanical Products " industry; SEC SIC 2111 / 2111 (same major group); #2 and #3 by market value ($126B vs $124B) with SEC SIC 2111 (Cigarettes).

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: 0.54 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.90 (needs <= -2.873 (5% critical value))
Business leadership

Business size

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

YearBTIMOLarger
2025-$23.3B-
2024-$24.0B-
2023-$24.5B-
2022-$25.1B-
2021-$26.0B-
2020-$26.2B-

Market value: BTI $126.4B, MO $123.7B.

Stock leadership

MO is ahead now

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

MO leads BTI by 1.48 standard deviations: +10.6% over its usual price ratio. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
BTI-0.8%+5.6%+20.0%
MO+4.2%+13.3%+19.3%
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: 0.54 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.90 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 24.65 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

BTI British American Tobacco Industries p.l.c. Common Stock ADR MO Altria Group Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026BTI 175MO 153
Spread z-score: BTI relative to MO, against the 252 sessions before each day. Above 0: BTI ahead; below 0: MO ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateBTI indexMO indexzAhead
2026-10-22175.28153.34-1.48MO ahead
2026-10-21170.72148.82-1.43MO ahead
2026-10-20171.33150.45-1.54MO ahead
2026-10-19169.59149.34-1.58MO ahead
2026-10-16173.91151.40-1.41MO ahead
2026-10-15168.12148.84-1.65MO ahead
2026-10-14164.23147.41-1.85MO ahead
2026-10-13161.30144.25-1.80MO ahead
2026-10-12161.22144.45-1.83MO ahead
2026-10-09160.87144.49-1.87MO ahead
2026-10-08160.67143.96-1.84MO ahead
2026-10-07156.23139.85-1.82MO ahead
2026-10-06153.65138.18-1.89MO ahead
2026-10-05153.28136.83-1.79MO ahead
2026-10-02152.58135.76-1.74MO ahead
2026-10-01154.17134.95-1.50MO ahead
2026-09-30157.68135.74-1.26MO ahead
2026-09-29158.99138.52-1.44MO ahead
2026-09-28162.46139.35-1.20MO ahead
2026-09-25161.25138.72-1.25MO ahead
2026-09-24162.38138.84-1.16MO ahead
2026-09-23161.88138.98-1.22MO ahead
2026-09-22161.59138.36-1.19MO ahead
2026-09-21161.59138.14-1.17MO ahead
2026-09-18161.83140.13-1.37MO ahead
2026-09-17162.38140.50-1.37MO ahead
2026-09-16162.58141.30-1.44MO ahead
2026-09-15163.83140.72-1.27MO ahead
2026-09-14166.06142.33-1.25MO ahead
2026-09-11160.12139.04-1.46MO ahead
2026-09-10159.01138.66-1.53MO ahead
2026-09-09157.48136.85-1.49MO ahead
2026-09-08159.86137.41-1.32MO ahead
2026-09-04160.43138.84-1.43MO ahead
2026-09-03162.23140.07-1.40MO ahead
2026-09-02161.39140.21-1.50MO ahead
2026-09-01162.09140.23-1.45MO ahead
2026-08-31161.07138.04-1.31MO ahead
2026-08-28162.70138.38-1.19MO ahead
2026-08-27163.13136.40-0.93MO ahead
2026-08-26166.49139.33-0.95MO ahead
2026-08-25163.68137.21-0.98MO ahead
2026-08-24164.38138.02-1.01MO ahead
2026-08-21162.93133.22-0.60MO ahead
2026-08-20164.35134.93-0.66MO ahead
2026-08-19162.26133.10-0.65MO ahead
2026-08-18163.42131.40-0.34near the usual relationship
2026-08-17161.54128.93-0.22near the usual relationship
2026-08-14165.39132.43-0.28near the usual relationship
2026-08-13166.23131.18-0.05near the usual relationship
2026-08-12161.86129.77-0.30near the usual relationship
2026-08-11164.67131.08-0.19near the usual relationship
2026-08-10165.36132.11-0.24near the usual relationship
2026-08-07171.97137.77-0.29near the usual relationship
2026-08-06170.23136.57-0.31near the usual relationship
2026-08-05171.80137.96-0.33near the usual relationship
2026-08-04171.36137.21-0.29near the usual relationship
2026-08-03172.64137.59-0.21near the usual relationship
2026-07-31175.80137.73+0.06near the usual relationship
2026-07-30178.81136.95+0.41near the usual relationship
2026-07-29182.81151.02-0.78MO ahead
2026-07-28180.58150.82-0.95MO ahead
2026-07-27176.29146.93-0.92MO ahead
2026-07-24176.70147.13-0.91MO ahead
2026-07-23173.45145.29-1.01MO ahead
2026-07-22179.88145.47-0.46near the usual relationship
2026-07-21178.03147.13-0.81MO ahead
2026-07-20181.13150.49-0.90MO ahead
2026-07-17182.14149.59-0.72MO ahead
2026-07-16183.07147.21-0.38near the usual relationship
2026-07-15170.23142.15-0.99MO ahead
2026-07-14168.70141.42-1.06MO ahead
2026-07-13170.87144.87-1.24MO ahead
2026-07-10173.97144.71-0.94MO ahead
2026-07-09176.43144.31-0.66MO ahead
2026-07-08177.94146.76-0.79MO ahead
2026-07-07179.13147.07-0.71MO ahead
2026-07-06178.14144.89-0.56MO ahead
2026-07-02179.04146.56-0.65MO ahead
2026-07-01175.54144.20-0.71MO ahead
2026-06-30179.01145.03-0.48near the usual relationship
2026-06-29181.86149.26-0.68MO ahead
2026-06-26181.91148.74-0.62MO ahead
2026-06-25181.10147.57-0.56MO ahead
2026-06-24177.94145.27-0.58MO ahead
2026-06-23176.06144.35-0.64MO ahead
2026-06-22170.72140.11-0.66MO ahead
2026-06-18170.75139.33-0.57MO ahead
2026-06-17172.43138.98-0.37near the usual relationship
2026-06-16177.91141.48-0.16near the usual relationship
2026-06-15176.99140.27-0.11near the usual relationship
2026-06-12180.64145.01-0.30near the usual relationship
2026-06-11177.94143.94-0.41near the usual relationship
2026-06-10177.16147.41-0.83MO ahead
2026-06-09173.77144.25-0.79MO ahead
2026-06-08173.01143.70-0.80MO ahead
2026-06-05173.10145.52-0.97MO ahead
2026-06-04167.68142.31-1.10MO ahead
2026-06-03169.91141.71-0.82MO ahead
2026-06-02175.25139.57-0.14near the usual relationship
2026-06-01176.81138.38+0.12near the usual relationship
2026-05-29179.10140.25+0.12near the usual relationship
2026-05-28182.38145.07-0.09near the usual relationship
2026-05-27185.62145.35+0.14near the usual relationship
2026-05-26188.23145.88+0.29near the usual relationship
2026-05-22189.45148.96+0.10near the usual relationship
2026-05-21190.52148.58+0.22near the usual relationship
2026-05-20189.28147.81+0.21near the usual relationship
2026-05-19191.48149.16+0.25near the usual relationship
2026-05-18192.32148.60+0.37near the usual relationship
2026-05-15188.67147.33+0.24near the usual relationship
2026-05-14193.33145.96+0.68BTI ahead
2026-05-13189.42144.20+0.57BTI ahead
2026-05-12184.46140.88+0.54BTI ahead
2026-05-11175.19138.30+0.14near the usual relationship
2026-05-08168.93137.31-0.21near the usual relationship
2026-05-07168.35139.17-0.41near the usual relationship
2026-05-06172.64141.44-0.29near the usual relationship
2026-05-05172.17146.72-0.75MO ahead
2026-05-04169.13147.97-1.05MO ahead
2026-05-01170.17150.27-1.15MO ahead
2026-04-30170.43146.44-0.82MO ahead
2026-04-29166.52137.47-0.35near the usual relationship
2026-04-28169.48136.67-0.06near the usual relationship
2026-04-27166.14133.04+0.02near the usual relationship
2026-04-24168.38134.81+0.03near the usual relationship
2026-04-23166.03135.36-0.16near the usual relationship
2026-04-22162.81131.38-0.04near the usual relationship
2026-04-21158.93130.32-0.21near the usual relationship
2026-04-20165.39130.24+0.24near the usual relationship
2026-04-17164.29129.35+0.25near the usual relationship
2026-04-16162.72130.90+0.02near the usual relationship
2026-04-15164.29129.85+0.22near the usual relationship
2026-04-14166.70132.27+0.19near the usual relationship
2026-04-13170.12134.67+0.22near the usual relationship
2026-04-10170.46135.82+0.16near the usual relationship
2026-04-09170.58135.98+0.16near the usual relationship
2026-04-08173.77134.65+0.46near the usual relationship
2026-04-07170.43133.54+0.35near the usual relationship
2026-04-06170.17134.15+0.30near the usual relationship
2026-04-02168.93132.55+0.35near the usual relationship
2026-04-01167.80131.99+0.33near the usual relationship
2026-03-31169.48133.02+0.36near the usual relationship
2026-03-30168.87135.09+0.18near the usual relationship
2026-03-27167.54134.01+0.19near the usual relationship
2026-03-26168.87130.26+0.55BTI ahead
2026-03-25169.42128.56+0.72BTI ahead
2026-03-24167.42129.65+0.52BTI ahead
2026-03-23167.88129.79+0.55BTI ahead
2026-03-20166.29129.95+0.45near the usual relationship
2026-03-19170.20131.16+0.59BTI ahead
2026-03-18168.38131.28+0.48near the usual relationship
2026-03-17175.51134.99+0.62BTI ahead
2026-03-16176.64136.12+0.61BTI ahead
2026-03-13173.71136.85+0.41near the usual relationship
2026-03-12173.59136.50+0.43near the usual relationship
2026-03-11171.48133.72+0.51BTI ahead
2026-03-10172.20135.34+0.45near the usual relationship
2026-03-09169.07135.13+0.30near the usual relationship
2026-03-06167.74134.07+0.31near the usual relationship
2026-03-05169.83135.01+0.36near the usual relationship
2026-03-04176.84137.31+0.58BTI ahead
2026-03-03175.10138.86+0.40near the usual relationship
2026-03-02180.06138.46+0.68BTI ahead
2026-02-27181.59139.17+0.71BTI ahead
2026-02-26181.65140.03+0.67BTI ahead
2026-02-25182.70140.50+0.70BTI ahead
2026-02-24179.45139.59+0.60BTI ahead
2026-02-23180.00139.04+0.67BTI ahead
2026-02-20179.94136.20+0.85BTI ahead
2026-02-19176.78137.05+0.65BTI ahead
2026-02-18170.64134.59+0.51BTI ahead
2026-02-17170.75134.13+0.55BTI ahead
2026-02-13172.46135.56+0.55BTI ahead
2026-02-12175.68135.07+0.74BTI ahead
2026-02-11174.87132.88+0.85BTI ahead
2026-02-10174.46129.81+1.04BTI ahead
2026-02-09177.25129.81+1.19BTI ahead
2026-02-06182.03131.83+1.29BTI ahead
2026-02-05179.59131.81+1.19BTI ahead
2026-02-04178.64131.34+1.18BTI ahead
2026-02-03179.33129.33+1.36BTI ahead
2026-02-02176.78125.44+1.52BTI ahead
2026-01-30175.88124.95+1.52BTI ahead
2026-01-29174.55120.46+1.80BTI ahead
2026-01-28174.38127.25+1.31BTI ahead
2026-01-27174.90128.24+1.28BTI ahead
2026-01-26170.99126.95+1.18BTI ahead
2026-01-23171.48124.79+1.37BTI ahead
2026-01-22168.75123.02+1.37BTI ahead
2026-01-21167.28123.12+1.29BTI ahead
2026-01-20163.25123.26+1.07BTI ahead
2026-01-16168.75124.49+1.29BTI ahead
2026-01-15168.35124.13+1.30BTI ahead
2026-01-14166.49123.91+1.23BTI ahead
2026-01-13164.12121.25+1.30BTI ahead
2026-01-12161.39118.00+1.41BTI ahead
2026-01-09159.97115.96+1.50BTI ahead
2026-01-08155.91112.68+1.54BTI ahead
2026-01-07154.46110.30+1.66BTI ahead
2026-01-06156.70111.19+1.73BTI ahead
2026-01-05160.87113.49+1.80BTI ahead
2026-01-02163.91115.52+1.83BTI ahead
2025-12-31164.12116.23+1.80BTI ahead
2025-12-30163.91116.45+1.79BTI ahead
2025-12-29165.28116.15+1.91BTI ahead
2025-12-26166.00116.11+1.97BTI ahead
2025-12-24165.91118.89+1.77BTI ahead
2025-12-23165.33118.42+1.79BTI ahead
2025-12-22164.55118.14+1.78BTI ahead
2025-12-19163.62117.05+1.83BTI ahead
2025-12-18165.33117.70+1.90BTI ahead
2025-12-17165.71119.29+1.81BTI ahead
2025-12-16166.06119.59+1.83BTI ahead
2025-12-15167.36119.11+1.96BTI ahead
2025-12-12165.51118.42+1.93BTI ahead
2025-12-11169.19118.36+2.16BTI ahead
2025-12-10170.32118.30+2.26BTI ahead
2025-12-09166.06117.27+2.12BTI ahead
2025-12-08166.41117.13+2.18BTI ahead
2025-12-05165.25116.89+2.15BTI ahead
2025-12-04168.23117.60+2.29BTI ahead
2025-12-03166.70117.74+2.22BTI ahead
2025-12-02167.91118.56+2.24BTI ahead
2025-12-01168.49119.21+2.25BTI ahead
2025-11-28170.03118.95+2.39BTI ahead
2025-11-26167.57118.30+2.33BTI ahead
2025-11-25164.23117.60+2.21BTI ahead
2025-11-24158.78115.56+2.08BTI ahead
2025-11-21160.14117.29+2.03BTI ahead
2025-11-20158.70117.27+1.96BTI ahead
2025-11-19158.67118.14+1.90BTI ahead
2025-11-18159.01118.81+1.88BTI ahead
2025-11-17158.58117.17+2.01BTI ahead
2025-11-14156.90117.29+1.91BTI ahead
2025-11-13157.91116.53+2.06BTI ahead
2025-11-12161.80117.01+2.29BTI ahead
2025-11-11161.62117.74+2.25BTI ahead
2025-11-10160.64116.00+2.37BTI ahead
2025-11-07158.23116.97+2.15BTI ahead
2025-11-06157.13115.44+2.24BTI ahead
2025-11-05156.17115.22+2.22BTI ahead
2025-11-04153.57115.52+2.04BTI ahead
2025-11-03152.00114.23+2.08BTI ahead
2025-10-31148.38113.65+1.90BTI ahead
2025-10-30148.64115.16+1.80BTI ahead
2025-10-29149.91124.91+1.04BTI ahead
2025-10-28152.06127.55+0.98BTI ahead
2025-10-27150.99128.48+0.83BTI ahead
2025-10-24150.93130.36+0.68BTI ahead
2025-10-23150.29130.16+0.66BTI ahead
2025-10-22148.23129.87+0.54BTI ahead
2025-10-21146.06128.50+0.50BTI ahead
2025-10-20148.29129.81+0.56BTI ahead
2025-10-17149.62131.12+0.55BTI ahead
2025-10-16148.23129.53+0.59BTI ahead
2025-10-15147.10130.76+0.41near the usual relationship
2025-10-14148.12131.83+0.40near the usual relationship
2025-10-13147.28130.92+0.42near the usual relationship
2025-10-10149.39134.13+0.32near the usual relationship
2025-10-09148.87132.47+0.42near the usual relationship
2025-10-08149.57131.87+0.52BTI ahead
2025-10-07150.67134.35+0.40near the usual relationship
2025-10-06148.35131.77+0.45near the usual relationship
2025-10-03148.52132.49+0.41near the usual relationship
2025-10-02151.74132.53+0.63BTI ahead
2025-10-01151.54133.62+0.54BTI ahead
2025-09-30153.86133.16+0.74BTI ahead
2025-09-29153.13132.37+0.75BTI ahead
2025-09-26153.62132.45+0.78BTI ahead
2025-09-25151.74131.40+0.74BTI ahead
2025-09-24151.83131.28+0.76BTI ahead
2025-09-23154.17130.76+0.97BTI ahead
2025-09-22156.14128.58+1.29BTI ahead
2025-09-19158.55130.80+1.28BTI ahead
2025-09-18159.19128.89+1.49BTI ahead
2025-09-17162.41132.05+1.46BTI ahead
2025-09-16161.71130.64+1.54BTI ahead
2025-09-15162.41130.80+1.59BTI ahead
2025-09-12164.03134.35+1.42BTI ahead
2025-09-11166.12133.76+1.62BTI ahead
2025-09-10163.07133.50+1.45BTI ahead
2025-09-09163.07133.42+1.47BTI ahead
2025-09-08162.87132.57+1.54BTI ahead
2025-09-05162.38134.15+1.39BTI ahead
2025-09-04160.67134.23+1.28BTI ahead
2025-09-03159.65134.31+1.21BTI ahead
2025-09-02160.12135.32+1.17BTI ahead
2025-08-29164.90135.48+1.50BTI ahead
2025-08-28162.93133.88+1.51BTI ahead
2025-08-27164.55133.86+1.64BTI ahead
2025-08-26166.17133.94+1.76BTI ahead
2025-08-25167.54135.15+1.77BTI ahead
2025-08-22169.59136.40+1.83BTI ahead
2025-08-21171.80136.42+2.00BTI ahead
2025-08-20171.04136.22+1.99BTI ahead
2025-08-19166.58134.17+1.88BTI ahead
2025-08-18167.30133.02+2.06BTI ahead
2025-08-15165.65132.67+1.99BTI ahead
2025-08-14166.43132.13+2.13BTI ahead
2025-08-13165.54132.03+2.10BTI ahead
2025-08-12167.88133.06+2.21BTI ahead
2025-08-11169.07132.37+2.39BTI ahead
2025-08-08165.91129.39+2.48BTI ahead
2025-08-07164.32128.10+2.53BTI ahead
2025-08-06163.48127.29+2.59BTI ahead
2025-08-05161.86126.02+2.63BTI ahead
2025-08-04161.01124.85+2.74BTI ahead
2025-08-01157.54124.53+2.53BTI ahead
2025-07-31155.59124.85+2.36BTI ahead
2025-07-30154.09123.97+2.36BTI ahead
2025-07-29152.96119.65+2.80BTI ahead
2025-07-28150.09118.36+2.74BTI ahead
2025-07-25151.45120.62+2.64BTI ahead
2025-07-24152.52120.16+2.85BTI ahead
2025-07-23151.80120.48+2.80BTI ahead
2025-07-22151.36119.81+2.89BTI ahead
2025-07-21150.14118.77+2.96BTI ahead
2025-07-18149.54116.95+3.20BTI ahead
2025-07-17148.78116.87+3.21BTI ahead
2025-07-16151.51118.65+3.34BTI ahead
2025-07-15149.19117.88+3.28BTI ahead
2025-07-14148.81117.17+3.42BTI ahead
2025-07-11148.32116.51+3.56BTI ahead
2025-07-10147.30118.02+3.31BTI ahead
2025-07-09142.29116.41+3.01BTI ahead
2025-07-08138.93120.02+2.09BTI ahead
2025-07-07141.04121.45+2.17BTI ahead
2025-07-03140.23120.24+2.28BTI ahead
2025-07-02137.28119.27+2.07BTI ahead
2025-07-01135.33117.19+2.16BTI ahead
2025-06-30137.19118.18+2.29BTI ahead
2025-06-27136.12118.42+2.13BTI ahead
2025-06-26139.39118.50+2.61BTI ahead
2025-06-25138.43118.81+2.47BTI ahead
2025-06-24140.58120.76+2.49BTI ahead
2025-06-23141.33121.93+2.45BTI ahead
2025-06-20142.03120.44+2.84BTI ahead
2025-06-18143.01119.92+3.13BTI ahead
2025-06-17141.39118.91+3.14BTI ahead
2025-06-16142.03118.52+3.38BTI ahead
2025-06-13141.45120.56+3.00BTI ahead
2025-06-12140.87120.78+2.92BTI ahead
2025-06-11141.39120.76+3.07BTI ahead
2025-06-10137.68118.04+3.05BTI ahead
2025-06-09138.81119.07+3.10BTI ahead
2025-06-06138.52119.41+3.06BTI ahead
2025-06-05137.51119.71+2.89BTI ahead
2025-06-04133.83119.55+2.33BTI ahead
2025-06-03134.32121.69+2.03BTI ahead
2025-06-02131.57122.21+1.45BTI ahead
2025-05-30131.01122.17+1.38BTI ahead
2025-05-29130.35119.90+1.71BTI ahead
2025-05-28130.70119.90+1.79BTI ahead
2025-05-27131.19120.18+1.85BTI ahead
2025-05-23131.07120.42+1.80BTI ahead
2025-05-22129.28119.53+1.66BTI ahead
2025-05-21128.87119.83+1.54BTI ahead
2025-05-20128.81120.74+1.36BTI ahead
2025-05-19126.32119.88+1.07BTI ahead
2025-05-16123.59118.71+0.79BTI ahead
2025-05-15119.91117.03+0.40near the usual relationship
2025-05-14117.54113.55+0.66BTI ahead
2025-05-13117.94113.83+0.69BTI ahead
2025-05-12118.78114.80+0.66BTI ahead
2025-05-09120.70119.79+0.02near the usual relationship
2025-05-08125.51121.75+0.57BTI ahead
2025-05-07128.84122.78+1.01BTI ahead
2025-05-06129.16121.91+1.25BTI ahead
2025-05-05126.81120.68+1.06BTI ahead
2025-05-02125.13120.16+0.85BTI ahead
2025-05-01125.51119.55+1.05BTI ahead
2025-04-30126.23119.23+1.27BTI ahead
2025-04-29124.23118.46+1.05BTI ahead
2025-04-28122.87117.29+1.03BTI ahead
2025-04-25121.88117.44+0.81BTI ahead
2025-04-24123.04118.34+0.86BTI ahead
2025-04-23123.22118.04+0.96BTI ahead
2025-04-22124.06118.56+1.02BTI ahead
2025-04-21123.33116.17+1.39BTI ahead
2025-04-17122.81117.23+1.07BTI ahead
2025-04-16121.25115.44+1.14BTI ahead
2025-04-15122.67115.94+1.33BTI ahead
2025-04-14121.77115.16+1.33BTI ahead
2025-04-11120.49114.19+1.28BTI ahead
2025-04-10117.54113.65+0.78BTI ahead
2025-04-09116.55113.61+0.58BTI ahead
2025-04-08114.64111.99+0.53BTI ahead
2025-04-07114.29112.20+0.41near the usual relationship
2025-04-04115.54113.02+0.49near the usual relationship
2025-04-03121.51116.69+0.96BTI ahead
2025-04-02116.67115.14+0.28near the usual relationship
2025-04-01119.13118.50+0.08near the usual relationship
2025-03-31119.91120.98-0.28near the usual relationship
2025-03-28117.42117.21-0.01near the usual relationship
2025-03-27119.39117.52+0.34near the usual relationship
2025-03-26118.32116.41+0.36near the usual relationship
2025-03-25118.00114.31+0.75BTI ahead
2025-03-24118.38116.21+0.42near the usual relationship
2025-03-21118.35116.11+0.44near the usual relationship
2025-03-20119.04117.09+0.37near the usual relationship
2025-03-19119.39116.81+0.51BTI ahead
2025-03-18119.59117.60+0.39near the usual relationship
2025-03-17121.28118.73+0.50BTI ahead
2025-03-14119.88118.75+0.20near the usual relationship
2025-03-13119.94118.02+0.37near the usual relationship
2025-03-12119.88116.53+0.68BTI ahead
2025-03-11118.84117.21+0.31near the usual relationship
2025-03-10117.57118.91-0.32near the usual relationship
2025-03-07118.55116.49+0.40near the usual relationship
2025-03-06116.41114.92+0.27near the usual relationship
2025-03-05115.01112.78+0.44near the usual relationship
2025-03-04114.81113.49+0.24near the usual relationship
2025-03-03115.28115.52-0.11near the usual relationship
2025-02-28112.84112.58+0.00near the usual relationship
2025-02-27112.20111.03+0.19near the usual relationship
2025-02-26112.64110.56+0.38near the usual relationship
2025-02-25111.77112.88-0.32near the usual relationship
2025-02-24110.41111.37-0.29near the usual relationship
2025-02-21109.71110.97-0.37near the usual relationship
2025-02-20111.74109.51+0.38near the usual relationship
2025-02-19111.33107.52+0.72BTI ahead
2025-02-18110.55106.33+0.81BTI ahead
2025-02-14112.52107.42+0.98BTI ahead
2025-02-13114.81108.08+1.29BTI ahead
2025-02-12123.88107.52+3.23BTI ahead
2025-02-11123.25108.55+2.89BTI ahead
2025-02-10122.61108.53+2.81BTI ahead
2025-02-07121.04106.15+3.09BTI ahead
2025-02-06120.64106.11+3.07BTI ahead
2025-02-05119.13105.99+2.84BTI ahead
2025-02-04116.61106.07+2.31BTI ahead
2025-02-03115.19106.53+1.90BTI ahead
2025-01-31114.90105.28+2.14BTI ahead
2025-01-30115.01103.89+2.53BTI ahead
2025-01-29113.80106.15+1.71BTI ahead
2025-01-28113.54106.03+1.69BTI ahead
2025-01-27114.81107.74+1.57BTI ahead
2025-01-24109.88104.92+1.12BTI ahead
2025-01-23107.39103.23+0.95BTI ahead
2025-01-22106.00102.42+0.81BTI ahead
2025-01-21106.46103.75+0.59BTI ahead
2025-01-17105.22104.54+0.09near the usual relationship
2025-01-16104.03103.12+0.14near the usual relationship
2025-01-15103.77102.88+0.13near the usual relationship
2025-01-14103.54103.53-0.09near the usual relationship
2025-01-13102.46102.50-0.10near the usual relationship
2025-01-10104.06102.54+0.28near the usual relationship
2025-01-08106.49103.79+0.55BTI ahead
2025-01-07106.61103.73+0.59BTI ahead
2025-01-06107.16105.00+0.41near the usual relationship
2025-01-03107.22107.12-0.08near the usual relationship
2025-01-02105.91105.85-0.09near the usual relationship
2024-12-31105.28105.40-0.14near the usual relationship
2024-12-30104.52104.98-0.23near the usual relationship
2024-12-27105.25105.58-0.20near the usual relationship
2024-12-26105.59106.03-0.23near the usual relationship
2024-12-24105.10107.78-0.76MO ahead
2024-12-23104.99108.00-0.85MO ahead
2024-12-20105.04108.53-0.96MO ahead
2024-12-19106.87106.81-0.14near the usual relationship
2024-12-18107.25107.34-0.17near the usual relationship
2024-12-17108.09109.11-0.39near the usual relationship
2024-12-16109.10110.26-0.42near the usual relationship
2024-12-13109.13110.70-0.51MO ahead
2024-12-12108.87110.84-0.61MO ahead
2024-12-11109.39110.24-0.35near the usual relationship
2024-12-10109.36111.85-0.73MO ahead
2024-12-09109.74112.60-0.81MO ahead
2024-12-06109.57115.54-1.51MO ahead
2024-12-05109.51114.71-1.35MO ahead
2024-12-04107.80113.79-1.56MO ahead
2024-12-03107.33114.69-1.88MO ahead
2024-12-02109.36115.26-1.54MO ahead
2024-11-29109.97116.39-1.66MO ahead
2024-11-27109.97116.21-1.62MO ahead
2024-11-26109.30116.09-1.75MO ahead
2024-11-25108.20114.39-1.64MO ahead
2024-11-22108.35114.35-1.61MO ahead
2024-11-21107.19112.94-1.57MO ahead
2024-11-20107.48112.84-1.49MO ahead
2024-11-19107.04112.60-1.55MO ahead
2024-11-18106.32113.57-1.93MO ahead
2024-11-15105.48112.74-1.96MO ahead
2024-11-14102.87111.65-2.34MO ahead
2024-11-13102.67111.37-2.34MO ahead
2024-11-12102.14109.74-2.14MO ahead
2024-11-11101.88108.71-1.99MO ahead
2024-11-08102.58108.95-1.89MO ahead
2024-11-07102.61107.92-1.67MO ahead
2024-11-06103.30109.43-1.86MO ahead
2024-11-05102.78109.23-1.95MO ahead
2024-11-04101.77108.61-2.07MO ahead
2024-11-01101.65108.59-2.12MO ahead
2024-10-31101.39109.78-2.48MO ahead
2024-10-3099.59101.79-1.09MO ahead
2024-10-2999.88100.69-0.76MO ahead
2024-10-28101.19101.29-0.60MO ahead
2024-10-2599.91100.20-0.64MO ahead
2024-10-24100.43100.67-0.63MO ahead
2024-10-23100.61100.38-0.52MO ahead
2024-10-22101.13100.91-0.52MO ahead
2024-10-2199.2898.89-0.48near the usual relationship
2024-10-18100.00100.00-0.58MO ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 31, 2024 (BTI +1.8%, MO +7.8%); Feb 13, 2025 (BTI -7.3%, MO +0.5%); Jul 9, 2025 (BTI +2.4%, MO -3.0%); Oct 30, 2025 (BTI -0.8%, MO -7.8%); Jul 30, 2026 (BTI -2.2%, MO -9.3%). Upcoming earnings: MO Oct 29, 2026 (pre-market).

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)

1 simulated trade to Oct 20, 2026: +5.70% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long BTI · Short MOMar 14, 2018Apr 26, 2018converged43$715.28-$66.46$570.27 (+5.70%)

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

The companies

BTI and MO at a glance

BTI British American Tobacco Industries p.l.c. Common Stock ADR

Listing
NYSE · SEC CIK 1303523
Industry
Medicinal Chemicals and Botanical Products · SIC 2111 Cigarettes
Market value
$126.4B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

MO Altria Group Inc.

Listing
NYSE · SEC CIK 764180
Industry
Medicinal Chemicals and Botanical Products · SIC 2111 Cigarettes
Market value
$123.7B
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.

Related
All pairs →
PairStatusAhead nowIndustry
PM / BTIWatchlistPM by 1.32 sd Medicinal Chemicals and Botanical Products
PM / MOWatchlistneither Medicinal Chemicals and Botanical Products

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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.