British American Tobacco Industries p.l.c. Common Stock ADR vs Altria Group Inc.
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 size
Annual revenue reported to the SEC. Scale, not market share.
| Year | BTI | MO | Larger |
|---|---|---|---|
| 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.
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 change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| BTI | -0.8% | +5.6% | +20.0% |
| MO | +4.2% | +13.3% | +19.3% |
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
Prices side by side, and the gap between them
Data table (504 sessions)
| Date | BTI index | MO index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 175.28 | 153.34 | -1.48 | MO ahead |
| 2026-10-21 | 170.72 | 148.82 | -1.43 | MO ahead |
| 2026-10-20 | 171.33 | 150.45 | -1.54 | MO ahead |
| 2026-10-19 | 169.59 | 149.34 | -1.58 | MO ahead |
| 2026-10-16 | 173.91 | 151.40 | -1.41 | MO ahead |
| 2026-10-15 | 168.12 | 148.84 | -1.65 | MO ahead |
| 2026-10-14 | 164.23 | 147.41 | -1.85 | MO ahead |
| 2026-10-13 | 161.30 | 144.25 | -1.80 | MO ahead |
| 2026-10-12 | 161.22 | 144.45 | -1.83 | MO ahead |
| 2026-10-09 | 160.87 | 144.49 | -1.87 | MO ahead |
| 2026-10-08 | 160.67 | 143.96 | -1.84 | MO ahead |
| 2026-10-07 | 156.23 | 139.85 | -1.82 | MO ahead |
| 2026-10-06 | 153.65 | 138.18 | -1.89 | MO ahead |
| 2026-10-05 | 153.28 | 136.83 | -1.79 | MO ahead |
| 2026-10-02 | 152.58 | 135.76 | -1.74 | MO ahead |
| 2026-10-01 | 154.17 | 134.95 | -1.50 | MO ahead |
| 2026-09-30 | 157.68 | 135.74 | -1.26 | MO ahead |
| 2026-09-29 | 158.99 | 138.52 | -1.44 | MO ahead |
| 2026-09-28 | 162.46 | 139.35 | -1.20 | MO ahead |
| 2026-09-25 | 161.25 | 138.72 | -1.25 | MO ahead |
| 2026-09-24 | 162.38 | 138.84 | -1.16 | MO ahead |
| 2026-09-23 | 161.88 | 138.98 | -1.22 | MO ahead |
| 2026-09-22 | 161.59 | 138.36 | -1.19 | MO ahead |
| 2026-09-21 | 161.59 | 138.14 | -1.17 | MO ahead |
| 2026-09-18 | 161.83 | 140.13 | -1.37 | MO ahead |
| 2026-09-17 | 162.38 | 140.50 | -1.37 | MO ahead |
| 2026-09-16 | 162.58 | 141.30 | -1.44 | MO ahead |
| 2026-09-15 | 163.83 | 140.72 | -1.27 | MO ahead |
| 2026-09-14 | 166.06 | 142.33 | -1.25 | MO ahead |
| 2026-09-11 | 160.12 | 139.04 | -1.46 | MO ahead |
| 2026-09-10 | 159.01 | 138.66 | -1.53 | MO ahead |
| 2026-09-09 | 157.48 | 136.85 | -1.49 | MO ahead |
| 2026-09-08 | 159.86 | 137.41 | -1.32 | MO ahead |
| 2026-09-04 | 160.43 | 138.84 | -1.43 | MO ahead |
| 2026-09-03 | 162.23 | 140.07 | -1.40 | MO ahead |
| 2026-09-02 | 161.39 | 140.21 | -1.50 | MO ahead |
| 2026-09-01 | 162.09 | 140.23 | -1.45 | MO ahead |
| 2026-08-31 | 161.07 | 138.04 | -1.31 | MO ahead |
| 2026-08-28 | 162.70 | 138.38 | -1.19 | MO ahead |
| 2026-08-27 | 163.13 | 136.40 | -0.93 | MO ahead |
| 2026-08-26 | 166.49 | 139.33 | -0.95 | MO ahead |
| 2026-08-25 | 163.68 | 137.21 | -0.98 | MO ahead |
| 2026-08-24 | 164.38 | 138.02 | -1.01 | MO ahead |
| 2026-08-21 | 162.93 | 133.22 | -0.60 | MO ahead |
| 2026-08-20 | 164.35 | 134.93 | -0.66 | MO ahead |
| 2026-08-19 | 162.26 | 133.10 | -0.65 | MO ahead |
| 2026-08-18 | 163.42 | 131.40 | -0.34 | near the usual relationship |
| 2026-08-17 | 161.54 | 128.93 | -0.22 | near the usual relationship |
| 2026-08-14 | 165.39 | 132.43 | -0.28 | near the usual relationship |
| 2026-08-13 | 166.23 | 131.18 | -0.05 | near the usual relationship |
| 2026-08-12 | 161.86 | 129.77 | -0.30 | near the usual relationship |
| 2026-08-11 | 164.67 | 131.08 | -0.19 | near the usual relationship |
| 2026-08-10 | 165.36 | 132.11 | -0.24 | near the usual relationship |
| 2026-08-07 | 171.97 | 137.77 | -0.29 | near the usual relationship |
| 2026-08-06 | 170.23 | 136.57 | -0.31 | near the usual relationship |
| 2026-08-05 | 171.80 | 137.96 | -0.33 | near the usual relationship |
| 2026-08-04 | 171.36 | 137.21 | -0.29 | near the usual relationship |
| 2026-08-03 | 172.64 | 137.59 | -0.21 | near the usual relationship |
| 2026-07-31 | 175.80 | 137.73 | +0.06 | near the usual relationship |
| 2026-07-30 | 178.81 | 136.95 | +0.41 | near the usual relationship |
| 2026-07-29 | 182.81 | 151.02 | -0.78 | MO ahead |
| 2026-07-28 | 180.58 | 150.82 | -0.95 | MO ahead |
| 2026-07-27 | 176.29 | 146.93 | -0.92 | MO ahead |
| 2026-07-24 | 176.70 | 147.13 | -0.91 | MO ahead |
| 2026-07-23 | 173.45 | 145.29 | -1.01 | MO ahead |
| 2026-07-22 | 179.88 | 145.47 | -0.46 | near the usual relationship |
| 2026-07-21 | 178.03 | 147.13 | -0.81 | MO ahead |
| 2026-07-20 | 181.13 | 150.49 | -0.90 | MO ahead |
| 2026-07-17 | 182.14 | 149.59 | -0.72 | MO ahead |
| 2026-07-16 | 183.07 | 147.21 | -0.38 | near the usual relationship |
| 2026-07-15 | 170.23 | 142.15 | -0.99 | MO ahead |
| 2026-07-14 | 168.70 | 141.42 | -1.06 | MO ahead |
| 2026-07-13 | 170.87 | 144.87 | -1.24 | MO ahead |
| 2026-07-10 | 173.97 | 144.71 | -0.94 | MO ahead |
| 2026-07-09 | 176.43 | 144.31 | -0.66 | MO ahead |
| 2026-07-08 | 177.94 | 146.76 | -0.79 | MO ahead |
| 2026-07-07 | 179.13 | 147.07 | -0.71 | MO ahead |
| 2026-07-06 | 178.14 | 144.89 | -0.56 | MO ahead |
| 2026-07-02 | 179.04 | 146.56 | -0.65 | MO ahead |
| 2026-07-01 | 175.54 | 144.20 | -0.71 | MO ahead |
| 2026-06-30 | 179.01 | 145.03 | -0.48 | near the usual relationship |
| 2026-06-29 | 181.86 | 149.26 | -0.68 | MO ahead |
| 2026-06-26 | 181.91 | 148.74 | -0.62 | MO ahead |
| 2026-06-25 | 181.10 | 147.57 | -0.56 | MO ahead |
| 2026-06-24 | 177.94 | 145.27 | -0.58 | MO ahead |
| 2026-06-23 | 176.06 | 144.35 | -0.64 | MO ahead |
| 2026-06-22 | 170.72 | 140.11 | -0.66 | MO ahead |
| 2026-06-18 | 170.75 | 139.33 | -0.57 | MO ahead |
| 2026-06-17 | 172.43 | 138.98 | -0.37 | near the usual relationship |
| 2026-06-16 | 177.91 | 141.48 | -0.16 | near the usual relationship |
| 2026-06-15 | 176.99 | 140.27 | -0.11 | near the usual relationship |
| 2026-06-12 | 180.64 | 145.01 | -0.30 | near the usual relationship |
| 2026-06-11 | 177.94 | 143.94 | -0.41 | near the usual relationship |
| 2026-06-10 | 177.16 | 147.41 | -0.83 | MO ahead |
| 2026-06-09 | 173.77 | 144.25 | -0.79 | MO ahead |
| 2026-06-08 | 173.01 | 143.70 | -0.80 | MO ahead |
| 2026-06-05 | 173.10 | 145.52 | -0.97 | MO ahead |
| 2026-06-04 | 167.68 | 142.31 | -1.10 | MO ahead |
| 2026-06-03 | 169.91 | 141.71 | -0.82 | MO ahead |
| 2026-06-02 | 175.25 | 139.57 | -0.14 | near the usual relationship |
| 2026-06-01 | 176.81 | 138.38 | +0.12 | near the usual relationship |
| 2026-05-29 | 179.10 | 140.25 | +0.12 | near the usual relationship |
| 2026-05-28 | 182.38 | 145.07 | -0.09 | near the usual relationship |
| 2026-05-27 | 185.62 | 145.35 | +0.14 | near the usual relationship |
| 2026-05-26 | 188.23 | 145.88 | +0.29 | near the usual relationship |
| 2026-05-22 | 189.45 | 148.96 | +0.10 | near the usual relationship |
| 2026-05-21 | 190.52 | 148.58 | +0.22 | near the usual relationship |
| 2026-05-20 | 189.28 | 147.81 | +0.21 | near the usual relationship |
| 2026-05-19 | 191.48 | 149.16 | +0.25 | near the usual relationship |
| 2026-05-18 | 192.32 | 148.60 | +0.37 | near the usual relationship |
| 2026-05-15 | 188.67 | 147.33 | +0.24 | near the usual relationship |
| 2026-05-14 | 193.33 | 145.96 | +0.68 | BTI ahead |
| 2026-05-13 | 189.42 | 144.20 | +0.57 | BTI ahead |
| 2026-05-12 | 184.46 | 140.88 | +0.54 | BTI ahead |
| 2026-05-11 | 175.19 | 138.30 | +0.14 | near the usual relationship |
| 2026-05-08 | 168.93 | 137.31 | -0.21 | near the usual relationship |
| 2026-05-07 | 168.35 | 139.17 | -0.41 | near the usual relationship |
| 2026-05-06 | 172.64 | 141.44 | -0.29 | near the usual relationship |
| 2026-05-05 | 172.17 | 146.72 | -0.75 | MO ahead |
| 2026-05-04 | 169.13 | 147.97 | -1.05 | MO ahead |
| 2026-05-01 | 170.17 | 150.27 | -1.15 | MO ahead |
| 2026-04-30 | 170.43 | 146.44 | -0.82 | MO ahead |
| 2026-04-29 | 166.52 | 137.47 | -0.35 | near the usual relationship |
| 2026-04-28 | 169.48 | 136.67 | -0.06 | near the usual relationship |
| 2026-04-27 | 166.14 | 133.04 | +0.02 | near the usual relationship |
| 2026-04-24 | 168.38 | 134.81 | +0.03 | near the usual relationship |
| 2026-04-23 | 166.03 | 135.36 | -0.16 | near the usual relationship |
| 2026-04-22 | 162.81 | 131.38 | -0.04 | near the usual relationship |
| 2026-04-21 | 158.93 | 130.32 | -0.21 | near the usual relationship |
| 2026-04-20 | 165.39 | 130.24 | +0.24 | near the usual relationship |
| 2026-04-17 | 164.29 | 129.35 | +0.25 | near the usual relationship |
| 2026-04-16 | 162.72 | 130.90 | +0.02 | near the usual relationship |
| 2026-04-15 | 164.29 | 129.85 | +0.22 | near the usual relationship |
| 2026-04-14 | 166.70 | 132.27 | +0.19 | near the usual relationship |
| 2026-04-13 | 170.12 | 134.67 | +0.22 | near the usual relationship |
| 2026-04-10 | 170.46 | 135.82 | +0.16 | near the usual relationship |
| 2026-04-09 | 170.58 | 135.98 | +0.16 | near the usual relationship |
| 2026-04-08 | 173.77 | 134.65 | +0.46 | near the usual relationship |
| 2026-04-07 | 170.43 | 133.54 | +0.35 | near the usual relationship |
| 2026-04-06 | 170.17 | 134.15 | +0.30 | near the usual relationship |
| 2026-04-02 | 168.93 | 132.55 | +0.35 | near the usual relationship |
| 2026-04-01 | 167.80 | 131.99 | +0.33 | near the usual relationship |
| 2026-03-31 | 169.48 | 133.02 | +0.36 | near the usual relationship |
| 2026-03-30 | 168.87 | 135.09 | +0.18 | near the usual relationship |
| 2026-03-27 | 167.54 | 134.01 | +0.19 | near the usual relationship |
| 2026-03-26 | 168.87 | 130.26 | +0.55 | BTI ahead |
| 2026-03-25 | 169.42 | 128.56 | +0.72 | BTI ahead |
| 2026-03-24 | 167.42 | 129.65 | +0.52 | BTI ahead |
| 2026-03-23 | 167.88 | 129.79 | +0.55 | BTI ahead |
| 2026-03-20 | 166.29 | 129.95 | +0.45 | near the usual relationship |
| 2026-03-19 | 170.20 | 131.16 | +0.59 | BTI ahead |
| 2026-03-18 | 168.38 | 131.28 | +0.48 | near the usual relationship |
| 2026-03-17 | 175.51 | 134.99 | +0.62 | BTI ahead |
| 2026-03-16 | 176.64 | 136.12 | +0.61 | BTI ahead |
| 2026-03-13 | 173.71 | 136.85 | +0.41 | near the usual relationship |
| 2026-03-12 | 173.59 | 136.50 | +0.43 | near the usual relationship |
| 2026-03-11 | 171.48 | 133.72 | +0.51 | BTI ahead |
| 2026-03-10 | 172.20 | 135.34 | +0.45 | near the usual relationship |
| 2026-03-09 | 169.07 | 135.13 | +0.30 | near the usual relationship |
| 2026-03-06 | 167.74 | 134.07 | +0.31 | near the usual relationship |
| 2026-03-05 | 169.83 | 135.01 | +0.36 | near the usual relationship |
| 2026-03-04 | 176.84 | 137.31 | +0.58 | BTI ahead |
| 2026-03-03 | 175.10 | 138.86 | +0.40 | near the usual relationship |
| 2026-03-02 | 180.06 | 138.46 | +0.68 | BTI ahead |
| 2026-02-27 | 181.59 | 139.17 | +0.71 | BTI ahead |
| 2026-02-26 | 181.65 | 140.03 | +0.67 | BTI ahead |
| 2026-02-25 | 182.70 | 140.50 | +0.70 | BTI ahead |
| 2026-02-24 | 179.45 | 139.59 | +0.60 | BTI ahead |
| 2026-02-23 | 180.00 | 139.04 | +0.67 | BTI ahead |
| 2026-02-20 | 179.94 | 136.20 | +0.85 | BTI ahead |
| 2026-02-19 | 176.78 | 137.05 | +0.65 | BTI ahead |
| 2026-02-18 | 170.64 | 134.59 | +0.51 | BTI ahead |
| 2026-02-17 | 170.75 | 134.13 | +0.55 | BTI ahead |
| 2026-02-13 | 172.46 | 135.56 | +0.55 | BTI ahead |
| 2026-02-12 | 175.68 | 135.07 | +0.74 | BTI ahead |
| 2026-02-11 | 174.87 | 132.88 | +0.85 | BTI ahead |
| 2026-02-10 | 174.46 | 129.81 | +1.04 | BTI ahead |
| 2026-02-09 | 177.25 | 129.81 | +1.19 | BTI ahead |
| 2026-02-06 | 182.03 | 131.83 | +1.29 | BTI ahead |
| 2026-02-05 | 179.59 | 131.81 | +1.19 | BTI ahead |
| 2026-02-04 | 178.64 | 131.34 | +1.18 | BTI ahead |
| 2026-02-03 | 179.33 | 129.33 | +1.36 | BTI ahead |
| 2026-02-02 | 176.78 | 125.44 | +1.52 | BTI ahead |
| 2026-01-30 | 175.88 | 124.95 | +1.52 | BTI ahead |
| 2026-01-29 | 174.55 | 120.46 | +1.80 | BTI ahead |
| 2026-01-28 | 174.38 | 127.25 | +1.31 | BTI ahead |
| 2026-01-27 | 174.90 | 128.24 | +1.28 | BTI ahead |
| 2026-01-26 | 170.99 | 126.95 | +1.18 | BTI ahead |
| 2026-01-23 | 171.48 | 124.79 | +1.37 | BTI ahead |
| 2026-01-22 | 168.75 | 123.02 | +1.37 | BTI ahead |
| 2026-01-21 | 167.28 | 123.12 | +1.29 | BTI ahead |
| 2026-01-20 | 163.25 | 123.26 | +1.07 | BTI ahead |
| 2026-01-16 | 168.75 | 124.49 | +1.29 | BTI ahead |
| 2026-01-15 | 168.35 | 124.13 | +1.30 | BTI ahead |
| 2026-01-14 | 166.49 | 123.91 | +1.23 | BTI ahead |
| 2026-01-13 | 164.12 | 121.25 | +1.30 | BTI ahead |
| 2026-01-12 | 161.39 | 118.00 | +1.41 | BTI ahead |
| 2026-01-09 | 159.97 | 115.96 | +1.50 | BTI ahead |
| 2026-01-08 | 155.91 | 112.68 | +1.54 | BTI ahead |
| 2026-01-07 | 154.46 | 110.30 | +1.66 | BTI ahead |
| 2026-01-06 | 156.70 | 111.19 | +1.73 | BTI ahead |
| 2026-01-05 | 160.87 | 113.49 | +1.80 | BTI ahead |
| 2026-01-02 | 163.91 | 115.52 | +1.83 | BTI ahead |
| 2025-12-31 | 164.12 | 116.23 | +1.80 | BTI ahead |
| 2025-12-30 | 163.91 | 116.45 | +1.79 | BTI ahead |
| 2025-12-29 | 165.28 | 116.15 | +1.91 | BTI ahead |
| 2025-12-26 | 166.00 | 116.11 | +1.97 | BTI ahead |
| 2025-12-24 | 165.91 | 118.89 | +1.77 | BTI ahead |
| 2025-12-23 | 165.33 | 118.42 | +1.79 | BTI ahead |
| 2025-12-22 | 164.55 | 118.14 | +1.78 | BTI ahead |
| 2025-12-19 | 163.62 | 117.05 | +1.83 | BTI ahead |
| 2025-12-18 | 165.33 | 117.70 | +1.90 | BTI ahead |
| 2025-12-17 | 165.71 | 119.29 | +1.81 | BTI ahead |
| 2025-12-16 | 166.06 | 119.59 | +1.83 | BTI ahead |
| 2025-12-15 | 167.36 | 119.11 | +1.96 | BTI ahead |
| 2025-12-12 | 165.51 | 118.42 | +1.93 | BTI ahead |
| 2025-12-11 | 169.19 | 118.36 | +2.16 | BTI ahead |
| 2025-12-10 | 170.32 | 118.30 | +2.26 | BTI ahead |
| 2025-12-09 | 166.06 | 117.27 | +2.12 | BTI ahead |
| 2025-12-08 | 166.41 | 117.13 | +2.18 | BTI ahead |
| 2025-12-05 | 165.25 | 116.89 | +2.15 | BTI ahead |
| 2025-12-04 | 168.23 | 117.60 | +2.29 | BTI ahead |
| 2025-12-03 | 166.70 | 117.74 | +2.22 | BTI ahead |
| 2025-12-02 | 167.91 | 118.56 | +2.24 | BTI ahead |
| 2025-12-01 | 168.49 | 119.21 | +2.25 | BTI ahead |
| 2025-11-28 | 170.03 | 118.95 | +2.39 | BTI ahead |
| 2025-11-26 | 167.57 | 118.30 | +2.33 | BTI ahead |
| 2025-11-25 | 164.23 | 117.60 | +2.21 | BTI ahead |
| 2025-11-24 | 158.78 | 115.56 | +2.08 | BTI ahead |
| 2025-11-21 | 160.14 | 117.29 | +2.03 | BTI ahead |
| 2025-11-20 | 158.70 | 117.27 | +1.96 | BTI ahead |
| 2025-11-19 | 158.67 | 118.14 | +1.90 | BTI ahead |
| 2025-11-18 | 159.01 | 118.81 | +1.88 | BTI ahead |
| 2025-11-17 | 158.58 | 117.17 | +2.01 | BTI ahead |
| 2025-11-14 | 156.90 | 117.29 | +1.91 | BTI ahead |
| 2025-11-13 | 157.91 | 116.53 | +2.06 | BTI ahead |
| 2025-11-12 | 161.80 | 117.01 | +2.29 | BTI ahead |
| 2025-11-11 | 161.62 | 117.74 | +2.25 | BTI ahead |
| 2025-11-10 | 160.64 | 116.00 | +2.37 | BTI ahead |
| 2025-11-07 | 158.23 | 116.97 | +2.15 | BTI ahead |
| 2025-11-06 | 157.13 | 115.44 | +2.24 | BTI ahead |
| 2025-11-05 | 156.17 | 115.22 | +2.22 | BTI ahead |
| 2025-11-04 | 153.57 | 115.52 | +2.04 | BTI ahead |
| 2025-11-03 | 152.00 | 114.23 | +2.08 | BTI ahead |
| 2025-10-31 | 148.38 | 113.65 | +1.90 | BTI ahead |
| 2025-10-30 | 148.64 | 115.16 | +1.80 | BTI ahead |
| 2025-10-29 | 149.91 | 124.91 | +1.04 | BTI ahead |
| 2025-10-28 | 152.06 | 127.55 | +0.98 | BTI ahead |
| 2025-10-27 | 150.99 | 128.48 | +0.83 | BTI ahead |
| 2025-10-24 | 150.93 | 130.36 | +0.68 | BTI ahead |
| 2025-10-23 | 150.29 | 130.16 | +0.66 | BTI ahead |
| 2025-10-22 | 148.23 | 129.87 | +0.54 | BTI ahead |
| 2025-10-21 | 146.06 | 128.50 | +0.50 | BTI ahead |
| 2025-10-20 | 148.29 | 129.81 | +0.56 | BTI ahead |
| 2025-10-17 | 149.62 | 131.12 | +0.55 | BTI ahead |
| 2025-10-16 | 148.23 | 129.53 | +0.59 | BTI ahead |
| 2025-10-15 | 147.10 | 130.76 | +0.41 | near the usual relationship |
| 2025-10-14 | 148.12 | 131.83 | +0.40 | near the usual relationship |
| 2025-10-13 | 147.28 | 130.92 | +0.42 | near the usual relationship |
| 2025-10-10 | 149.39 | 134.13 | +0.32 | near the usual relationship |
| 2025-10-09 | 148.87 | 132.47 | +0.42 | near the usual relationship |
| 2025-10-08 | 149.57 | 131.87 | +0.52 | BTI ahead |
| 2025-10-07 | 150.67 | 134.35 | +0.40 | near the usual relationship |
| 2025-10-06 | 148.35 | 131.77 | +0.45 | near the usual relationship |
| 2025-10-03 | 148.52 | 132.49 | +0.41 | near the usual relationship |
| 2025-10-02 | 151.74 | 132.53 | +0.63 | BTI ahead |
| 2025-10-01 | 151.54 | 133.62 | +0.54 | BTI ahead |
| 2025-09-30 | 153.86 | 133.16 | +0.74 | BTI ahead |
| 2025-09-29 | 153.13 | 132.37 | +0.75 | BTI ahead |
| 2025-09-26 | 153.62 | 132.45 | +0.78 | BTI ahead |
| 2025-09-25 | 151.74 | 131.40 | +0.74 | BTI ahead |
| 2025-09-24 | 151.83 | 131.28 | +0.76 | BTI ahead |
| 2025-09-23 | 154.17 | 130.76 | +0.97 | BTI ahead |
| 2025-09-22 | 156.14 | 128.58 | +1.29 | BTI ahead |
| 2025-09-19 | 158.55 | 130.80 | +1.28 | BTI ahead |
| 2025-09-18 | 159.19 | 128.89 | +1.49 | BTI ahead |
| 2025-09-17 | 162.41 | 132.05 | +1.46 | BTI ahead |
| 2025-09-16 | 161.71 | 130.64 | +1.54 | BTI ahead |
| 2025-09-15 | 162.41 | 130.80 | +1.59 | BTI ahead |
| 2025-09-12 | 164.03 | 134.35 | +1.42 | BTI ahead |
| 2025-09-11 | 166.12 | 133.76 | +1.62 | BTI ahead |
| 2025-09-10 | 163.07 | 133.50 | +1.45 | BTI ahead |
| 2025-09-09 | 163.07 | 133.42 | +1.47 | BTI ahead |
| 2025-09-08 | 162.87 | 132.57 | +1.54 | BTI ahead |
| 2025-09-05 | 162.38 | 134.15 | +1.39 | BTI ahead |
| 2025-09-04 | 160.67 | 134.23 | +1.28 | BTI ahead |
| 2025-09-03 | 159.65 | 134.31 | +1.21 | BTI ahead |
| 2025-09-02 | 160.12 | 135.32 | +1.17 | BTI ahead |
| 2025-08-29 | 164.90 | 135.48 | +1.50 | BTI ahead |
| 2025-08-28 | 162.93 | 133.88 | +1.51 | BTI ahead |
| 2025-08-27 | 164.55 | 133.86 | +1.64 | BTI ahead |
| 2025-08-26 | 166.17 | 133.94 | +1.76 | BTI ahead |
| 2025-08-25 | 167.54 | 135.15 | +1.77 | BTI ahead |
| 2025-08-22 | 169.59 | 136.40 | +1.83 | BTI ahead |
| 2025-08-21 | 171.80 | 136.42 | +2.00 | BTI ahead |
| 2025-08-20 | 171.04 | 136.22 | +1.99 | BTI ahead |
| 2025-08-19 | 166.58 | 134.17 | +1.88 | BTI ahead |
| 2025-08-18 | 167.30 | 133.02 | +2.06 | BTI ahead |
| 2025-08-15 | 165.65 | 132.67 | +1.99 | BTI ahead |
| 2025-08-14 | 166.43 | 132.13 | +2.13 | BTI ahead |
| 2025-08-13 | 165.54 | 132.03 | +2.10 | BTI ahead |
| 2025-08-12 | 167.88 | 133.06 | +2.21 | BTI ahead |
| 2025-08-11 | 169.07 | 132.37 | +2.39 | BTI ahead |
| 2025-08-08 | 165.91 | 129.39 | +2.48 | BTI ahead |
| 2025-08-07 | 164.32 | 128.10 | +2.53 | BTI ahead |
| 2025-08-06 | 163.48 | 127.29 | +2.59 | BTI ahead |
| 2025-08-05 | 161.86 | 126.02 | +2.63 | BTI ahead |
| 2025-08-04 | 161.01 | 124.85 | +2.74 | BTI ahead |
| 2025-08-01 | 157.54 | 124.53 | +2.53 | BTI ahead |
| 2025-07-31 | 155.59 | 124.85 | +2.36 | BTI ahead |
| 2025-07-30 | 154.09 | 123.97 | +2.36 | BTI ahead |
| 2025-07-29 | 152.96 | 119.65 | +2.80 | BTI ahead |
| 2025-07-28 | 150.09 | 118.36 | +2.74 | BTI ahead |
| 2025-07-25 | 151.45 | 120.62 | +2.64 | BTI ahead |
| 2025-07-24 | 152.52 | 120.16 | +2.85 | BTI ahead |
| 2025-07-23 | 151.80 | 120.48 | +2.80 | BTI ahead |
| 2025-07-22 | 151.36 | 119.81 | +2.89 | BTI ahead |
| 2025-07-21 | 150.14 | 118.77 | +2.96 | BTI ahead |
| 2025-07-18 | 149.54 | 116.95 | +3.20 | BTI ahead |
| 2025-07-17 | 148.78 | 116.87 | +3.21 | BTI ahead |
| 2025-07-16 | 151.51 | 118.65 | +3.34 | BTI ahead |
| 2025-07-15 | 149.19 | 117.88 | +3.28 | BTI ahead |
| 2025-07-14 | 148.81 | 117.17 | +3.42 | BTI ahead |
| 2025-07-11 | 148.32 | 116.51 | +3.56 | BTI ahead |
| 2025-07-10 | 147.30 | 118.02 | +3.31 | BTI ahead |
| 2025-07-09 | 142.29 | 116.41 | +3.01 | BTI ahead |
| 2025-07-08 | 138.93 | 120.02 | +2.09 | BTI ahead |
| 2025-07-07 | 141.04 | 121.45 | +2.17 | BTI ahead |
| 2025-07-03 | 140.23 | 120.24 | +2.28 | BTI ahead |
| 2025-07-02 | 137.28 | 119.27 | +2.07 | BTI ahead |
| 2025-07-01 | 135.33 | 117.19 | +2.16 | BTI ahead |
| 2025-06-30 | 137.19 | 118.18 | +2.29 | BTI ahead |
| 2025-06-27 | 136.12 | 118.42 | +2.13 | BTI ahead |
| 2025-06-26 | 139.39 | 118.50 | +2.61 | BTI ahead |
| 2025-06-25 | 138.43 | 118.81 | +2.47 | BTI ahead |
| 2025-06-24 | 140.58 | 120.76 | +2.49 | BTI ahead |
| 2025-06-23 | 141.33 | 121.93 | +2.45 | BTI ahead |
| 2025-06-20 | 142.03 | 120.44 | +2.84 | BTI ahead |
| 2025-06-18 | 143.01 | 119.92 | +3.13 | BTI ahead |
| 2025-06-17 | 141.39 | 118.91 | +3.14 | BTI ahead |
| 2025-06-16 | 142.03 | 118.52 | +3.38 | BTI ahead |
| 2025-06-13 | 141.45 | 120.56 | +3.00 | BTI ahead |
| 2025-06-12 | 140.87 | 120.78 | +2.92 | BTI ahead |
| 2025-06-11 | 141.39 | 120.76 | +3.07 | BTI ahead |
| 2025-06-10 | 137.68 | 118.04 | +3.05 | BTI ahead |
| 2025-06-09 | 138.81 | 119.07 | +3.10 | BTI ahead |
| 2025-06-06 | 138.52 | 119.41 | +3.06 | BTI ahead |
| 2025-06-05 | 137.51 | 119.71 | +2.89 | BTI ahead |
| 2025-06-04 | 133.83 | 119.55 | +2.33 | BTI ahead |
| 2025-06-03 | 134.32 | 121.69 | +2.03 | BTI ahead |
| 2025-06-02 | 131.57 | 122.21 | +1.45 | BTI ahead |
| 2025-05-30 | 131.01 | 122.17 | +1.38 | BTI ahead |
| 2025-05-29 | 130.35 | 119.90 | +1.71 | BTI ahead |
| 2025-05-28 | 130.70 | 119.90 | +1.79 | BTI ahead |
| 2025-05-27 | 131.19 | 120.18 | +1.85 | BTI ahead |
| 2025-05-23 | 131.07 | 120.42 | +1.80 | BTI ahead |
| 2025-05-22 | 129.28 | 119.53 | +1.66 | BTI ahead |
| 2025-05-21 | 128.87 | 119.83 | +1.54 | BTI ahead |
| 2025-05-20 | 128.81 | 120.74 | +1.36 | BTI ahead |
| 2025-05-19 | 126.32 | 119.88 | +1.07 | BTI ahead |
| 2025-05-16 | 123.59 | 118.71 | +0.79 | BTI ahead |
| 2025-05-15 | 119.91 | 117.03 | +0.40 | near the usual relationship |
| 2025-05-14 | 117.54 | 113.55 | +0.66 | BTI ahead |
| 2025-05-13 | 117.94 | 113.83 | +0.69 | BTI ahead |
| 2025-05-12 | 118.78 | 114.80 | +0.66 | BTI ahead |
| 2025-05-09 | 120.70 | 119.79 | +0.02 | near the usual relationship |
| 2025-05-08 | 125.51 | 121.75 | +0.57 | BTI ahead |
| 2025-05-07 | 128.84 | 122.78 | +1.01 | BTI ahead |
| 2025-05-06 | 129.16 | 121.91 | +1.25 | BTI ahead |
| 2025-05-05 | 126.81 | 120.68 | +1.06 | BTI ahead |
| 2025-05-02 | 125.13 | 120.16 | +0.85 | BTI ahead |
| 2025-05-01 | 125.51 | 119.55 | +1.05 | BTI ahead |
| 2025-04-30 | 126.23 | 119.23 | +1.27 | BTI ahead |
| 2025-04-29 | 124.23 | 118.46 | +1.05 | BTI ahead |
| 2025-04-28 | 122.87 | 117.29 | +1.03 | BTI ahead |
| 2025-04-25 | 121.88 | 117.44 | +0.81 | BTI ahead |
| 2025-04-24 | 123.04 | 118.34 | +0.86 | BTI ahead |
| 2025-04-23 | 123.22 | 118.04 | +0.96 | BTI ahead |
| 2025-04-22 | 124.06 | 118.56 | +1.02 | BTI ahead |
| 2025-04-21 | 123.33 | 116.17 | +1.39 | BTI ahead |
| 2025-04-17 | 122.81 | 117.23 | +1.07 | BTI ahead |
| 2025-04-16 | 121.25 | 115.44 | +1.14 | BTI ahead |
| 2025-04-15 | 122.67 | 115.94 | +1.33 | BTI ahead |
| 2025-04-14 | 121.77 | 115.16 | +1.33 | BTI ahead |
| 2025-04-11 | 120.49 | 114.19 | +1.28 | BTI ahead |
| 2025-04-10 | 117.54 | 113.65 | +0.78 | BTI ahead |
| 2025-04-09 | 116.55 | 113.61 | +0.58 | BTI ahead |
| 2025-04-08 | 114.64 | 111.99 | +0.53 | BTI ahead |
| 2025-04-07 | 114.29 | 112.20 | +0.41 | near the usual relationship |
| 2025-04-04 | 115.54 | 113.02 | +0.49 | near the usual relationship |
| 2025-04-03 | 121.51 | 116.69 | +0.96 | BTI ahead |
| 2025-04-02 | 116.67 | 115.14 | +0.28 | near the usual relationship |
| 2025-04-01 | 119.13 | 118.50 | +0.08 | near the usual relationship |
| 2025-03-31 | 119.91 | 120.98 | -0.28 | near the usual relationship |
| 2025-03-28 | 117.42 | 117.21 | -0.01 | near the usual relationship |
| 2025-03-27 | 119.39 | 117.52 | +0.34 | near the usual relationship |
| 2025-03-26 | 118.32 | 116.41 | +0.36 | near the usual relationship |
| 2025-03-25 | 118.00 | 114.31 | +0.75 | BTI ahead |
| 2025-03-24 | 118.38 | 116.21 | +0.42 | near the usual relationship |
| 2025-03-21 | 118.35 | 116.11 | +0.44 | near the usual relationship |
| 2025-03-20 | 119.04 | 117.09 | +0.37 | near the usual relationship |
| 2025-03-19 | 119.39 | 116.81 | +0.51 | BTI ahead |
| 2025-03-18 | 119.59 | 117.60 | +0.39 | near the usual relationship |
| 2025-03-17 | 121.28 | 118.73 | +0.50 | BTI ahead |
| 2025-03-14 | 119.88 | 118.75 | +0.20 | near the usual relationship |
| 2025-03-13 | 119.94 | 118.02 | +0.37 | near the usual relationship |
| 2025-03-12 | 119.88 | 116.53 | +0.68 | BTI ahead |
| 2025-03-11 | 118.84 | 117.21 | +0.31 | near the usual relationship |
| 2025-03-10 | 117.57 | 118.91 | -0.32 | near the usual relationship |
| 2025-03-07 | 118.55 | 116.49 | +0.40 | near the usual relationship |
| 2025-03-06 | 116.41 | 114.92 | +0.27 | near the usual relationship |
| 2025-03-05 | 115.01 | 112.78 | +0.44 | near the usual relationship |
| 2025-03-04 | 114.81 | 113.49 | +0.24 | near the usual relationship |
| 2025-03-03 | 115.28 | 115.52 | -0.11 | near the usual relationship |
| 2025-02-28 | 112.84 | 112.58 | +0.00 | near the usual relationship |
| 2025-02-27 | 112.20 | 111.03 | +0.19 | near the usual relationship |
| 2025-02-26 | 112.64 | 110.56 | +0.38 | near the usual relationship |
| 2025-02-25 | 111.77 | 112.88 | -0.32 | near the usual relationship |
| 2025-02-24 | 110.41 | 111.37 | -0.29 | near the usual relationship |
| 2025-02-21 | 109.71 | 110.97 | -0.37 | near the usual relationship |
| 2025-02-20 | 111.74 | 109.51 | +0.38 | near the usual relationship |
| 2025-02-19 | 111.33 | 107.52 | +0.72 | BTI ahead |
| 2025-02-18 | 110.55 | 106.33 | +0.81 | BTI ahead |
| 2025-02-14 | 112.52 | 107.42 | +0.98 | BTI ahead |
| 2025-02-13 | 114.81 | 108.08 | +1.29 | BTI ahead |
| 2025-02-12 | 123.88 | 107.52 | +3.23 | BTI ahead |
| 2025-02-11 | 123.25 | 108.55 | +2.89 | BTI ahead |
| 2025-02-10 | 122.61 | 108.53 | +2.81 | BTI ahead |
| 2025-02-07 | 121.04 | 106.15 | +3.09 | BTI ahead |
| 2025-02-06 | 120.64 | 106.11 | +3.07 | BTI ahead |
| 2025-02-05 | 119.13 | 105.99 | +2.84 | BTI ahead |
| 2025-02-04 | 116.61 | 106.07 | +2.31 | BTI ahead |
| 2025-02-03 | 115.19 | 106.53 | +1.90 | BTI ahead |
| 2025-01-31 | 114.90 | 105.28 | +2.14 | BTI ahead |
| 2025-01-30 | 115.01 | 103.89 | +2.53 | BTI ahead |
| 2025-01-29 | 113.80 | 106.15 | +1.71 | BTI ahead |
| 2025-01-28 | 113.54 | 106.03 | +1.69 | BTI ahead |
| 2025-01-27 | 114.81 | 107.74 | +1.57 | BTI ahead |
| 2025-01-24 | 109.88 | 104.92 | +1.12 | BTI ahead |
| 2025-01-23 | 107.39 | 103.23 | +0.95 | BTI ahead |
| 2025-01-22 | 106.00 | 102.42 | +0.81 | BTI ahead |
| 2025-01-21 | 106.46 | 103.75 | +0.59 | BTI ahead |
| 2025-01-17 | 105.22 | 104.54 | +0.09 | near the usual relationship |
| 2025-01-16 | 104.03 | 103.12 | +0.14 | near the usual relationship |
| 2025-01-15 | 103.77 | 102.88 | +0.13 | near the usual relationship |
| 2025-01-14 | 103.54 | 103.53 | -0.09 | near the usual relationship |
| 2025-01-13 | 102.46 | 102.50 | -0.10 | near the usual relationship |
| 2025-01-10 | 104.06 | 102.54 | +0.28 | near the usual relationship |
| 2025-01-08 | 106.49 | 103.79 | +0.55 | BTI ahead |
| 2025-01-07 | 106.61 | 103.73 | +0.59 | BTI ahead |
| 2025-01-06 | 107.16 | 105.00 | +0.41 | near the usual relationship |
| 2025-01-03 | 107.22 | 107.12 | -0.08 | near the usual relationship |
| 2025-01-02 | 105.91 | 105.85 | -0.09 | near the usual relationship |
| 2024-12-31 | 105.28 | 105.40 | -0.14 | near the usual relationship |
| 2024-12-30 | 104.52 | 104.98 | -0.23 | near the usual relationship |
| 2024-12-27 | 105.25 | 105.58 | -0.20 | near the usual relationship |
| 2024-12-26 | 105.59 | 106.03 | -0.23 | near the usual relationship |
| 2024-12-24 | 105.10 | 107.78 | -0.76 | MO ahead |
| 2024-12-23 | 104.99 | 108.00 | -0.85 | MO ahead |
| 2024-12-20 | 105.04 | 108.53 | -0.96 | MO ahead |
| 2024-12-19 | 106.87 | 106.81 | -0.14 | near the usual relationship |
| 2024-12-18 | 107.25 | 107.34 | -0.17 | near the usual relationship |
| 2024-12-17 | 108.09 | 109.11 | -0.39 | near the usual relationship |
| 2024-12-16 | 109.10 | 110.26 | -0.42 | near the usual relationship |
| 2024-12-13 | 109.13 | 110.70 | -0.51 | MO ahead |
| 2024-12-12 | 108.87 | 110.84 | -0.61 | MO ahead |
| 2024-12-11 | 109.39 | 110.24 | -0.35 | near the usual relationship |
| 2024-12-10 | 109.36 | 111.85 | -0.73 | MO ahead |
| 2024-12-09 | 109.74 | 112.60 | -0.81 | MO ahead |
| 2024-12-06 | 109.57 | 115.54 | -1.51 | MO ahead |
| 2024-12-05 | 109.51 | 114.71 | -1.35 | MO ahead |
| 2024-12-04 | 107.80 | 113.79 | -1.56 | MO ahead |
| 2024-12-03 | 107.33 | 114.69 | -1.88 | MO ahead |
| 2024-12-02 | 109.36 | 115.26 | -1.54 | MO ahead |
| 2024-11-29 | 109.97 | 116.39 | -1.66 | MO ahead |
| 2024-11-27 | 109.97 | 116.21 | -1.62 | MO ahead |
| 2024-11-26 | 109.30 | 116.09 | -1.75 | MO ahead |
| 2024-11-25 | 108.20 | 114.39 | -1.64 | MO ahead |
| 2024-11-22 | 108.35 | 114.35 | -1.61 | MO ahead |
| 2024-11-21 | 107.19 | 112.94 | -1.57 | MO ahead |
| 2024-11-20 | 107.48 | 112.84 | -1.49 | MO ahead |
| 2024-11-19 | 107.04 | 112.60 | -1.55 | MO ahead |
| 2024-11-18 | 106.32 | 113.57 | -1.93 | MO ahead |
| 2024-11-15 | 105.48 | 112.74 | -1.96 | MO ahead |
| 2024-11-14 | 102.87 | 111.65 | -2.34 | MO ahead |
| 2024-11-13 | 102.67 | 111.37 | -2.34 | MO ahead |
| 2024-11-12 | 102.14 | 109.74 | -2.14 | MO ahead |
| 2024-11-11 | 101.88 | 108.71 | -1.99 | MO ahead |
| 2024-11-08 | 102.58 | 108.95 | -1.89 | MO ahead |
| 2024-11-07 | 102.61 | 107.92 | -1.67 | MO ahead |
| 2024-11-06 | 103.30 | 109.43 | -1.86 | MO ahead |
| 2024-11-05 | 102.78 | 109.23 | -1.95 | MO ahead |
| 2024-11-04 | 101.77 | 108.61 | -2.07 | MO ahead |
| 2024-11-01 | 101.65 | 108.59 | -2.12 | MO ahead |
| 2024-10-31 | 101.39 | 109.78 | -2.48 | MO ahead |
| 2024-10-30 | 99.59 | 101.79 | -1.09 | MO ahead |
| 2024-10-29 | 99.88 | 100.69 | -0.76 | MO ahead |
| 2024-10-28 | 101.19 | 101.29 | -0.60 | MO ahead |
| 2024-10-25 | 99.91 | 100.20 | -0.64 | MO ahead |
| 2024-10-24 | 100.43 | 100.67 | -0.63 | MO ahead |
| 2024-10-23 | 100.61 | 100.38 | -0.52 | MO ahead |
| 2024-10-22 | 101.13 | 100.91 | -0.52 | MO ahead |
| 2024-10-21 | 99.28 | 98.89 | -0.48 | near the usual relationship |
| 2024-10-18 | 100.00 | 100.00 | -0.58 | MO 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).
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.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long BTI · Short MO | Mar 14, 2018 | Apr 26, 2018 | converged | 43 | $715.28 | -$66.46 | $570.27 (+5.70%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
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.
Other rivals of BTI and MO
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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.
