Carnival Corporation Ltd. vs Royal Caribbean Cruises Ltd.
WatchlistCCL / RCLPrices through Oct 22, 2026
Why these are rivals: #1 and #3 by market value ($75B vs $36B) with SEC SIC 4400 (Water Transportation).
Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.
- Mean reversion: ADF t-statistic of the spread: -2.53 (needs <= -2.873 (5% critical value))
Business leadership
CCL is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | CCL | RCL | Larger |
|---|---|---|---|
| 2025 | $26.6B | $17.9B | CCL |
| 2024 | $25.0B | $16.5B | CCL |
| 2023 | $21.6B | $13.9B | CCL |
| 2022 | $12.2B | $8.8B | CCL |
| 2021 | $1.9B | $1.5B | CCL |
| 2020 | $5.6B | $2.2B | CCL |
CCL led in every year with figures for both. Market value: CCL $35.6B, RCL $75.4B.
Stock leadership
RCL is ahead now
Measured against the pair's own last 252 trading days.
RCL leads CCL by 0.26 standard deviations: +1.5% over its usual price ratio. 6 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| CCL | +2.8% | +1.6% | -9.6% |
| RCL | -2.5% | +9.9% | -9.7% |
Relationship
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Pass
- Co-movement: daily return correlation, 252 sessions: 0.80 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.53 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 12.17 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
CCL Carnival Corporation Ltd. RCL Royal Caribbean Cruises Ltd.Price 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: CCL relative to RCL, against the 252 sessions before each day. Above 0: CCL ahead; below 0: RCL ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | CCL index | RCL index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 127.02 | 143.11 | -0.26 | near the usual relationship |
| 2026-10-21 | 128.05 | 144.27 | -0.26 | near the usual relationship |
| 2026-10-20 | 126.92 | 143.95 | -0.37 | near the usual relationship |
| 2026-10-19 | 124.06 | 141.03 | -0.41 | near the usual relationship |
| 2026-10-16 | 121.48 | 138.88 | -0.51 | RCL ahead |
| 2026-10-15 | 124.11 | 140.05 | -0.29 | near the usual relationship |
| 2026-10-14 | 121.81 | 137.20 | -0.25 | near the usual relationship |
| 2026-10-13 | 125.38 | 140.80 | -0.20 | near the usual relationship |
| 2026-10-12 | 124.20 | 140.38 | -0.31 | near the usual relationship |
| 2026-10-09 | 123.59 | 141.17 | -0.49 | near the usual relationship |
| 2026-10-08 | 122.56 | 140.75 | -0.58 | RCL ahead |
| 2026-10-07 | 122.65 | 141.20 | -0.62 | RCL ahead |
| 2026-10-06 | 124.67 | 144.43 | -0.72 | RCL ahead |
| 2026-10-05 | 119.89 | 137.56 | -0.56 | RCL ahead |
| 2026-10-02 | 120.83 | 138.91 | -0.59 | RCL ahead |
| 2026-10-01 | 117.59 | 135.04 | -0.56 | RCL ahead |
| 2026-09-30 | 115.10 | 132.97 | -0.66 | RCL ahead |
| 2026-09-29 | 117.78 | 130.37 | +0.06 | near the usual relationship |
| 2026-09-28 | 103.85 | 121.33 | -0.85 | RCL ahead |
| 2026-09-25 | 104.36 | 121.39 | -0.78 | RCL ahead |
| 2026-09-24 | 102.20 | 119.53 | -0.87 | RCL ahead |
| 2026-09-23 | 102.25 | 115.18 | -0.24 | near the usual relationship |
| 2026-09-22 | 104.50 | 117.48 | -0.20 | near the usual relationship |
| 2026-09-21 | 104.64 | 125.16 | -1.26 | RCL ahead |
| 2026-09-18 | 102.44 | 122.94 | -1.33 | RCL ahead |
| 2026-09-17 | 103.99 | 124.91 | -1.36 | RCL ahead |
| 2026-09-16 | 104.83 | 127.00 | -1.51 | RCL ahead |
| 2026-09-15 | 103.71 | 124.69 | -1.39 | RCL ahead |
| 2026-09-14 | 105.82 | 127.71 | -1.47 | RCL ahead |
| 2026-09-11 | 106.71 | 130.11 | -1.65 | RCL ahead |
| 2026-09-10 | 105.39 | 129.54 | -1.81 | RCL ahead |
| 2026-09-09 | 106.47 | 129.92 | -1.68 | RCL ahead |
| 2026-09-08 | 108.82 | 132.29 | -1.62 | RCL ahead |
| 2026-09-04 | 110.27 | 132.63 | -1.44 | RCL ahead |
| 2026-09-03 | 110.13 | 132.81 | -1.48 | RCL ahead |
| 2026-09-02 | 111.35 | 132.84 | -1.29 | RCL ahead |
| 2026-09-01 | 108.96 | 132.89 | -1.68 | RCL ahead |
| 2026-08-31 | 112.05 | 134.41 | -1.38 | RCL ahead |
| 2026-08-28 | 116.14 | 139.75 | -1.44 | RCL ahead |
| 2026-08-27 | 117.03 | 142.44 | -1.65 | RCL ahead |
| 2026-08-26 | 120.03 | 145.04 | -1.53 | RCL ahead |
| 2026-08-25 | 122.61 | 146.19 | -1.30 | RCL ahead |
| 2026-08-24 | 120.59 | 146.54 | -1.64 | RCL ahead |
| 2026-08-21 | 120.68 | 146.04 | -1.57 | RCL ahead |
| 2026-08-20 | 119.00 | 143.85 | -1.55 | RCL ahead |
| 2026-08-19 | 125.19 | 150.33 | -1.44 | RCL ahead |
| 2026-08-18 | 127.91 | 150.05 | -1.03 | RCL ahead |
| 2026-08-17 | 130.07 | 150.94 | -0.84 | RCL ahead |
| 2026-08-14 | 131.89 | 152.55 | -0.78 | RCL ahead |
| 2026-08-13 | 133.30 | 154.99 | -0.88 | RCL ahead |
| 2026-08-12 | 129.78 | 154.05 | -1.26 | RCL ahead |
| 2026-08-11 | 130.07 | 153.62 | -1.18 | RCL ahead |
| 2026-08-10 | 130.16 | 154.05 | -1.22 | RCL ahead |
| 2026-08-07 | 135.98 | 160.05 | -1.12 | RCL ahead |
| 2026-08-06 | 135.04 | 160.32 | -1.29 | RCL ahead |
| 2026-08-05 | 139.17 | 163.76 | -1.13 | RCL ahead |
| 2026-08-04 | 138.79 | 162.92 | -1.09 | RCL ahead |
| 2026-08-03 | 134.80 | 162.05 | -1.53 | RCL ahead |
| 2026-07-31 | 130.44 | 159.20 | -1.82 | RCL ahead |
| 2026-07-30 | 130.25 | 161.02 | -2.06 | RCL ahead |
| 2026-07-29 | 130.44 | 161.84 | -2.12 | RCL ahead |
| 2026-07-28 | 132.41 | 161.30 | -1.77 | RCL ahead |
| 2026-07-27 | 127.20 | 152.57 | -1.48 | RCL ahead |
| 2026-07-24 | 123.50 | 146.81 | -1.31 | RCL ahead |
| 2026-07-23 | 118.53 | 141.75 | -1.41 | RCL ahead |
| 2026-07-22 | 122.42 | 142.97 | -0.97 | RCL ahead |
| 2026-07-21 | 122.70 | 143.99 | -1.04 | RCL ahead |
| 2026-07-20 | 122.14 | 143.12 | -1.00 | RCL ahead |
| 2026-07-17 | 123.87 | 143.52 | -0.79 | RCL ahead |
| 2026-07-16 | 125.98 | 147.02 | -0.91 | RCL ahead |
| 2026-07-15 | 124.72 | 146.13 | -0.97 | RCL ahead |
| 2026-07-14 | 124.30 | 141.59 | -0.47 | near the usual relationship |
| 2026-07-13 | 124.81 | 144.35 | -0.72 | RCL ahead |
| 2026-07-10 | 125.84 | 142.73 | -0.38 | near the usual relationship |
| 2026-07-09 | 125.33 | 144.08 | -0.60 | RCL ahead |
| 2026-07-08 | 120.26 | 140.52 | -0.87 | RCL ahead |
| 2026-07-07 | 125.14 | 141.17 | -0.28 | near the usual relationship |
| 2026-07-06 | 129.03 | 143.93 | -0.09 | near the usual relationship |
| 2026-07-02 | 130.91 | 148.19 | -0.33 | near the usual relationship |
| 2026-07-01 | 133.77 | 153.20 | -0.52 | RCL ahead |
| 2026-06-30 | 134.01 | 158.81 | -1.08 | RCL ahead |
| 2026-06-29 | 136.91 | 160.77 | -0.93 | RCL ahead |
| 2026-06-26 | 136.35 | 159.11 | -0.82 | RCL ahead |
| 2026-06-25 | 133.49 | 161.37 | -1.41 | RCL ahead |
| 2026-06-24 | 135.60 | 160.52 | -1.06 | RCL ahead |
| 2026-06-23 | 134.71 | 154.81 | -0.56 | RCL ahead |
| 2026-06-22 | 141.60 | 154.73 | +0.27 | near the usual relationship |
| 2026-06-18 | 144.79 | 156.30 | +0.48 | near the usual relationship |
| 2026-06-17 | 140.29 | 150.78 | +0.55 | CCL ahead |
| 2026-06-16 | 144.93 | 156.47 | +0.49 | near the usual relationship |
| 2026-06-15 | 141.28 | 156.88 | +0.03 | near the usual relationship |
| 2026-06-12 | 136.87 | 147.23 | +0.55 | CCL ahead |
| 2026-06-11 | 131.89 | 144.02 | +0.32 | near the usual relationship |
| 2026-06-10 | 121.90 | 134.41 | +0.17 | near the usual relationship |
| 2026-06-09 | 130.07 | 141.17 | +0.42 | near the usual relationship |
| 2026-06-08 | 126.69 | 136.04 | +0.60 | CCL ahead |
| 2026-06-05 | 128.56 | 140.04 | +0.38 | near the usual relationship |
| 2026-06-04 | 130.63 | 146.68 | -0.10 | near the usual relationship |
| 2026-06-03 | 127.44 | 143.25 | -0.12 | near the usual relationship |
| 2026-06-02 | 129.64 | 145.44 | -0.08 | near the usual relationship |
| 2026-06-01 | 129.03 | 144.57 | -0.06 | near the usual relationship |
| 2026-05-29 | 131.61 | 142.36 | +0.51 | CCL ahead |
| 2026-05-28 | 131.05 | 140.69 | +0.63 | CCL ahead |
| 2026-05-27 | 131.24 | 137.63 | +1.01 | CCL ahead |
| 2026-05-26 | 125.28 | 133.90 | +0.71 | CCL ahead |
| 2026-05-22 | 121.86 | 128.09 | +0.98 | CCL ahead |
| 2026-05-21 | 122.80 | 130.20 | +0.85 | CCL ahead |
| 2026-05-20 | 122.09 | 126.98 | +1.17 | CCL ahead |
| 2026-05-19 | 112.05 | 123.64 | +0.23 | near the usual relationship |
| 2026-05-18 | 116.84 | 126.33 | +0.55 | CCL ahead |
| 2026-05-15 | 115.57 | 130.18 | -0.10 | near the usual relationship |
| 2026-05-14 | 118.20 | 132.73 | -0.04 | near the usual relationship |
| 2026-05-13 | 117.40 | 132.14 | -0.08 | near the usual relationship |
| 2026-05-12 | 116.56 | 129.10 | +0.18 | near the usual relationship |
| 2026-05-11 | 119.32 | 131.77 | +0.24 | near the usual relationship |
| 2026-05-08 | 123.73 | 137.66 | +0.12 | near the usual relationship |
| 2026-05-07 | 126.64 | 140.48 | +0.18 | near the usual relationship |
| 2026-05-06 | 129.08 | 143.58 | +0.14 | near the usual relationship |
| 2026-05-05 | 120.87 | 132.03 | +0.43 | near the usual relationship |
| 2026-05-04 | 120.40 | 129.78 | +0.64 | CCL ahead |
| 2026-05-01 | 125.05 | 132.81 | +0.87 | CCL ahead |
| 2026-04-30 | 124.34 | 131.92 | +0.90 | CCL ahead |
| 2026-04-29 | 119.98 | 127.04 | +0.93 | CCL ahead |
| 2026-04-28 | 123.36 | 127.98 | +1.26 | CCL ahead |
| 2026-04-27 | 125.56 | 129.47 | +1.36 | CCL ahead |
| 2026-04-24 | 127.44 | 132.96 | +1.19 | CCL ahead |
| 2026-04-23 | 125.00 | 130.25 | +1.22 | CCL ahead |
| 2026-04-22 | 126.36 | 132.86 | +1.09 | CCL ahead |
| 2026-04-21 | 128.33 | 135.78 | +1.00 | CCL ahead |
| 2026-04-20 | 136.07 | 141.18 | +1.31 | CCL ahead |
| 2026-04-17 | 137.05 | 142.78 | +1.26 | CCL ahead |
| 2026-04-16 | 128.10 | 133.01 | +1.32 | CCL ahead |
| 2026-04-15 | 135.18 | 141.20 | +1.24 | CCL ahead |
| 2026-04-14 | 134.57 | 140.81 | +1.22 | CCL ahead |
| 2026-04-13 | 130.16 | 141.25 | +0.66 | CCL ahead |
| 2026-04-10 | 131.24 | 138.51 | +1.10 | CCL ahead |
| 2026-04-09 | 130.63 | 137.99 | +1.09 | CCL ahead |
| 2026-04-08 | 131.47 | 139.67 | +1.01 | CCL ahead |
| 2026-04-07 | 118.20 | 133.90 | +0.00 | near the usual relationship |
| 2026-04-06 | 121.81 | 137.89 | +0.01 | near the usual relationship |
| 2026-04-02 | 120.26 | 136.84 | -0.07 | near the usual relationship |
| 2026-04-01 | 124.67 | 141.07 | +0.02 | near the usual relationship |
| 2026-03-31 | 121.39 | 137.63 | -0.01 | near the usual relationship |
| 2026-03-30 | 112.38 | 130.72 | -0.42 | near the usual relationship |
| 2026-03-27 | 113.46 | 130.94 | -0.30 | near the usual relationship |
| 2026-03-26 | 118.57 | 137.04 | -0.32 | near the usual relationship |
| 2026-03-25 | 120.68 | 139.55 | -0.33 | near the usual relationship |
| 2026-03-24 | 119.47 | 136.74 | -0.17 | near the usual relationship |
| 2026-03-23 | 119.37 | 139.52 | -0.51 | RCL ahead |
| 2026-03-20 | 113.13 | 131.86 | -0.47 | near the usual relationship |
| 2026-03-19 | 116.98 | 136.04 | -0.44 | near the usual relationship |
| 2026-03-18 | 113.32 | 134.80 | -0.80 | RCL ahead |
| 2026-03-17 | 117.68 | 138.99 | -0.69 | RCL ahead |
| 2026-03-16 | 115.95 | 140.45 | -1.09 | RCL ahead |
| 2026-03-13 | 112.52 | 136.31 | -1.10 | RCL ahead |
| 2026-03-12 | 112.20 | 133.28 | -0.79 | RCL ahead |
| 2026-03-11 | 121.81 | 143.30 | -0.64 | RCL ahead |
| 2026-03-10 | 122.94 | 142.56 | -0.41 | near the usual relationship |
| 2026-03-09 | 123.78 | 145.32 | -0.61 | RCL ahead |
| 2026-03-06 | 120.97 | 139.08 | -0.29 | near the usual relationship |
| 2026-03-05 | 127.39 | 141.57 | +0.25 | near the usual relationship |
| 2026-03-04 | 131.38 | 143.65 | +0.51 | CCL ahead |
| 2026-03-03 | 133.82 | 150.70 | +0.04 | near the usual relationship |
| 2026-03-02 | 136.68 | 150.47 | +0.40 | near the usual relationship |
| 2026-02-27 | 147.98 | 155.53 | +1.14 | CCL ahead |
| 2026-02-26 | 153.38 | 159.52 | +1.31 | CCL ahead |
| 2026-02-25 | 148.69 | 156.55 | +1.12 | CCL ahead |
| 2026-02-24 | 148.26 | 158.30 | +0.89 | CCL ahead |
| 2026-02-23 | 142.68 | 151.37 | +1.00 | CCL ahead |
| 2026-02-20 | 150.05 | 157.59 | +1.16 | CCL ahead |
| 2026-02-19 | 147.98 | 155.22 | +1.18 | CCL ahead |
| 2026-02-18 | 152.63 | 159.46 | +1.25 | CCL ahead |
| 2026-02-17 | 153.28 | 161.91 | +1.08 | CCL ahead |
| 2026-02-13 | 149.02 | 159.85 | +0.83 | CCL ahead |
| 2026-02-12 | 152.91 | 166.45 | +0.59 | CCL ahead |
| 2026-02-11 | 155.21 | 166.93 | +0.78 | CCL ahead |
| 2026-02-10 | 156.43 | 173.70 | +0.27 | near the usual relationship |
| 2026-02-09 | 153.89 | 174.07 | -0.03 | near the usual relationship |
| 2026-02-06 | 159.43 | 174.05 | +0.53 | CCL ahead |
| 2026-02-05 | 147.51 | 163.09 | +0.33 | near the usual relationship |
| 2026-02-04 | 150.52 | 164.37 | +0.51 | CCL ahead |
| 2026-02-03 | 149.81 | 163.19 | +0.55 | CCL ahead |
| 2026-02-02 | 152.20 | 167.08 | +0.42 | near the usual relationship |
| 2026-01-30 | 140.81 | 162.37 | -0.35 | near the usual relationship |
| 2026-01-29 | 146.11 | 173.04 | -0.77 | RCL ahead |
| 2026-01-28 | 134.71 | 145.84 | +0.61 | CCL ahead |
| 2026-01-27 | 134.57 | 145.33 | +0.63 | CCL ahead |
| 2026-01-26 | 134.47 | 146.62 | +0.48 | near the usual relationship |
| 2026-01-23 | 133.91 | 143.10 | +0.77 | CCL ahead |
| 2026-01-22 | 133.63 | 142.82 | +0.77 | CCL ahead |
| 2026-01-21 | 132.50 | 138.93 | +1.05 | CCL ahead |
| 2026-01-20 | 131.43 | 135.05 | +1.34 | CCL ahead |
| 2026-01-16 | 135.65 | 138.05 | +1.48 | CCL ahead |
| 2026-01-15 | 138.09 | 139.10 | +1.63 | CCL ahead |
| 2026-01-14 | 141.56 | 139.71 | +1.94 | CCL ahead |
| 2026-01-13 | 145.36 | 145.90 | +1.69 | CCL ahead |
| 2026-01-12 | 148.26 | 150.61 | +1.51 | CCL ahead |
| 2026-01-09 | 150.70 | 155.80 | +1.24 | CCL ahead |
| 2026-01-08 | 148.64 | 152.21 | +1.38 | CCL ahead |
| 2026-01-07 | 150.61 | 151.26 | +1.67 | CCL ahead |
| 2026-01-06 | 151.50 | 148.92 | +1.98 | CCL ahead |
| 2026-01-05 | 147.70 | 140.12 | +2.52 | CCL ahead |
| 2026-01-02 | 145.03 | 141.67 | +2.09 | CCL ahead |
| 2025-12-31 | 143.25 | 139.50 | +2.14 | CCL ahead |
| 2025-12-30 | 144.56 | 140.89 | +2.14 | CCL ahead |
| 2025-12-29 | 144.09 | 141.39 | +2.04 | CCL ahead |
| 2025-12-26 | 144.00 | 142.88 | +1.87 | CCL ahead |
| 2025-12-24 | 146.58 | 147.10 | +1.68 | CCL ahead |
| 2025-12-23 | 148.50 | 146.19 | +1.97 | CCL ahead |
| 2025-12-22 | 151.03 | 150.41 | +1.79 | CCL ahead |
| 2025-12-19 | 145.97 | 146.84 | +1.64 | CCL ahead |
| 2025-12-18 | 132.93 | 143.41 | +0.60 | CCL ahead |
| 2025-12-17 | 131.47 | 142.48 | +0.53 | CCL ahead |
| 2025-12-16 | 132.27 | 140.80 | +0.78 | CCL ahead |
| 2025-12-15 | 134.15 | 143.65 | +0.69 | CCL ahead |
| 2025-12-12 | 129.55 | 139.47 | +0.60 | CCL ahead |
| 2025-12-11 | 130.58 | 139.89 | +0.67 | CCL ahead |
| 2025-12-10 | 123.26 | 130.23 | +0.87 | CCL ahead |
| 2025-12-09 | 119.65 | 124.20 | +1.12 | CCL ahead |
| 2025-12-08 | 122.00 | 126.24 | +1.16 | CCL ahead |
| 2025-12-05 | 121.34 | 128.87 | +0.78 | CCL ahead |
| 2025-12-04 | 121.11 | 129.67 | +0.66 | CCL ahead |
| 2025-12-03 | 122.14 | 132.92 | +0.42 | near the usual relationship |
| 2025-12-02 | 121.20 | 132.58 | +0.35 | near the usual relationship |
| 2025-12-01 | 121.62 | 133.34 | +0.31 | near the usual relationship |
| 2025-11-28 | 120.92 | 133.16 | +0.24 | near the usual relationship |
| 2025-11-26 | 119.28 | 132.89 | +0.07 | near the usual relationship |
| 2025-11-25 | 120.64 | 133.24 | +0.19 | near the usual relationship |
| 2025-11-24 | 116.14 | 127.82 | +0.23 | near the usual relationship |
| 2025-11-21 | 124.58 | 132.08 | +0.74 | CCL ahead |
| 2025-11-20 | 118.76 | 126.40 | +0.69 | CCL ahead |
| 2025-11-19 | 122.33 | 128.04 | +0.91 | CCL ahead |
| 2025-11-18 | 120.83 | 125.75 | +0.99 | CCL ahead |
| 2025-11-17 | 118.95 | 123.39 | +1.03 | CCL ahead |
| 2025-11-14 | 122.05 | 126.47 | +1.04 | CCL ahead |
| 2025-11-13 | 122.61 | 127.92 | +0.95 | CCL ahead |
| 2025-11-12 | 127.25 | 131.75 | +1.05 | CCL ahead |
| 2025-11-11 | 125.66 | 131.81 | +0.86 | CCL ahead |
| 2025-11-10 | 126.13 | 132.53 | +0.84 | CCL ahead |
| 2025-11-07 | 125.38 | 128.04 | +1.22 | CCL ahead |
| 2025-11-06 | 123.69 | 126.82 | +1.16 | CCL ahead |
| 2025-11-05 | 126.17 | 128.35 | +1.26 | CCL ahead |
| 2025-11-04 | 122.47 | 128.73 | +0.82 | CCL ahead |
| 2025-11-03 | 134.66 | 138.94 | +1.06 | CCL ahead |
| 2025-10-31 | 135.23 | 143.46 | +0.68 | CCL ahead |
| 2025-10-30 | 132.88 | 142.31 | +0.55 | CCL ahead |
| 2025-10-29 | 130.72 | 140.07 | +0.54 | CCL ahead |
| 2025-10-28 | 130.68 | 146.52 | -0.07 | near the usual relationship |
| 2025-10-27 | 137.99 | 160.18 | -0.53 | RCL ahead |
| 2025-10-24 | 137.90 | 158.27 | -0.39 | near the usual relationship |
| 2025-10-23 | 138.09 | 158.49 | -0.39 | near the usual relationship |
| 2025-10-22 | 140.71 | 159.04 | -0.20 | near the usual relationship |
| 2025-10-21 | 140.57 | 158.44 | -0.17 | near the usual relationship |
| 2025-10-20 | 135.37 | 151.47 | -0.08 | near the usual relationship |
| 2025-10-17 | 132.79 | 150.20 | -0.22 | near the usual relationship |
| 2025-10-16 | 132.32 | 149.30 | -0.19 | near the usual relationship |
| 2025-10-15 | 135.27 | 155.63 | -0.45 | near the usual relationship |
| 2025-10-14 | 135.83 | 156.98 | -0.51 | RCL ahead |
| 2025-10-13 | 131.75 | 153.16 | -0.60 | RCL ahead |
| 2025-10-10 | 129.88 | 152.36 | -0.72 | RCL ahead |
| 2025-10-09 | 133.44 | 153.54 | -0.47 | near the usual relationship |
| 2025-10-08 | 135.65 | 154.20 | -0.32 | near the usual relationship |
| 2025-10-07 | 134.66 | 157.42 | -0.69 | RCL ahead |
| 2025-10-06 | 136.44 | 158.70 | -0.63 | RCL ahead |
| 2025-10-03 | 134.01 | 157.07 | -0.73 | RCL ahead |
| 2025-10-02 | 135.32 | 160.10 | -0.86 | RCL ahead |
| 2025-10-01 | 133.02 | 158.06 | -0.92 | RCL ahead |
| 2025-09-30 | 135.60 | 161.84 | -0.99 | RCL ahead |
| 2025-09-29 | 137.90 | 163.41 | -0.90 | RCL ahead |
| 2025-09-26 | 143.62 | 163.49 | -0.39 | near the usual relationship |
| 2025-09-25 | 142.96 | 162.31 | -0.36 | near the usual relationship |
| 2025-09-24 | 142.45 | 163.56 | -0.51 | RCL ahead |
| 2025-09-23 | 144.04 | 165.34 | -0.51 | RCL ahead |
| 2025-09-22 | 144.04 | 164.67 | -0.47 | near the usual relationship |
| 2025-09-19 | 143.15 | 164.35 | -0.53 | RCL ahead |
| 2025-09-18 | 147.51 | 162.95 | -0.05 | near the usual relationship |
| 2025-09-17 | 146.29 | 161.58 | -0.05 | near the usual relationship |
| 2025-09-16 | 146.34 | 160.90 | +0.01 | near the usual relationship |
| 2025-09-15 | 146.53 | 164.94 | -0.29 | near the usual relationship |
| 2025-09-12 | 147.80 | 168.26 | -0.44 | near the usual relationship |
| 2025-09-11 | 152.30 | 175.17 | -0.57 | RCL ahead |
| 2025-09-10 | 147.09 | 170.80 | -0.69 | RCL ahead |
| 2025-09-09 | 148.08 | 172.71 | -0.76 | RCL ahead |
| 2025-09-08 | 148.03 | 175.58 | -0.97 | RCL ahead |
| 2025-09-05 | 148.08 | 176.19 | -1.02 | RCL ahead |
| 2025-09-04 | 148.97 | 180.08 | -1.23 | RCL ahead |
| 2025-09-03 | 146.95 | 177.55 | -1.23 | RCL ahead |
| 2025-09-02 | 146.15 | 177.09 | -1.28 | RCL ahead |
| 2025-08-29 | 149.58 | 181.66 | -1.32 | RCL ahead |
| 2025-08-28 | 152.39 | 182.97 | -1.18 | RCL ahead |
| 2025-08-27 | 151.69 | 179.59 | -1.01 | RCL ahead |
| 2025-08-26 | 149.48 | 176.92 | -1.01 | RCL ahead |
| 2025-08-25 | 146.58 | 172.54 | -0.95 | RCL ahead |
| 2025-08-22 | 146.81 | 172.39 | -0.92 | RCL ahead |
| 2025-08-21 | 137.29 | 162.56 | -1.04 | RCL ahead |
| 2025-08-20 | 137.24 | 164.61 | -1.21 | RCL ahead |
| 2025-08-19 | 138.70 | 165.08 | -1.12 | RCL ahead |
| 2025-08-18 | 140.57 | 163.45 | -0.82 | RCL ahead |
| 2025-08-15 | 139.59 | 157.02 | -0.39 | near the usual relationship |
| 2025-08-14 | 141.89 | 156.20 | -0.11 | near the usual relationship |
| 2025-08-13 | 143.71 | 156.76 | +0.01 | near the usual relationship |
| 2025-08-12 | 139.02 | 156.59 | -0.40 | near the usual relationship |
| 2025-08-11 | 134.19 | 151.48 | -0.43 | near the usual relationship |
| 2025-08-08 | 133.07 | 150.77 | -0.48 | near the usual relationship |
| 2025-08-07 | 136.07 | 154.94 | -0.55 | RCL ahead |
| 2025-08-06 | 137.15 | 157.06 | -0.63 | RCL ahead |
| 2025-08-05 | 137.34 | 155.73 | -0.51 | RCL ahead |
| 2025-08-04 | 139.40 | 157.90 | -0.50 | RCL ahead |
| 2025-08-01 | 136.35 | 157.17 | -0.73 | RCL ahead |
| 2025-07-31 | 139.63 | 158.98 | -0.58 | RCL ahead |
| 2025-07-30 | 141.37 | 165.62 | -0.95 | RCL ahead |
| 2025-07-29 | 139.31 | 167.24 | -1.27 | RCL ahead |
| 2025-07-28 | 139.45 | 176.05 | -1.93 | RCL ahead |
| 2025-07-25 | 139.54 | 176.45 | -1.97 | RCL ahead |
| 2025-07-24 | 139.68 | 174.73 | -1.85 | RCL ahead |
| 2025-07-23 | 144.18 | 176.47 | -1.58 | RCL ahead |
| 2025-07-22 | 140.20 | 174.32 | -1.80 | RCL ahead |
| 2025-07-21 | 139.73 | 173.29 | -1.78 | RCL ahead |
| 2025-07-18 | 138.60 | 175.10 | -2.04 | RCL ahead |
| 2025-07-17 | 138.13 | 174.31 | -2.05 | RCL ahead |
| 2025-07-16 | 136.21 | 169.67 | -1.90 | RCL ahead |
| 2025-07-15 | 135.88 | 170.70 | -2.03 | RCL ahead |
| 2025-07-14 | 137.52 | 171.07 | -1.93 | RCL ahead |
| 2025-07-11 | 134.43 | 169.31 | -2.11 | RCL ahead |
| 2025-07-10 | 136.49 | 170.73 | -2.05 | RCL ahead |
| 2025-07-09 | 135.23 | 166.84 | -1.89 | RCL ahead |
| 2025-07-08 | 135.27 | 165.15 | -1.76 | RCL ahead |
| 2025-07-07 | 137.48 | 164.47 | -1.50 | RCL ahead |
| 2025-07-03 | 140.53 | 167.29 | -1.45 | RCL ahead |
| 2025-07-02 | 139.07 | 163.10 | -1.25 | RCL ahead |
| 2025-07-01 | 134.33 | 157.60 | -1.27 | RCL ahead |
| 2025-06-30 | 131.89 | 156.62 | -1.43 | RCL ahead |
| 2025-06-27 | 127.86 | 154.80 | -1.70 | RCL ahead |
| 2025-06-26 | 122.75 | 147.99 | -1.67 | RCL ahead |
| 2025-06-25 | 119.51 | 142.21 | -1.51 | RCL ahead |
| 2025-06-24 | 120.54 | 140.28 | -1.22 | RCL ahead |
| 2025-06-23 | 112.76 | 136.88 | -1.80 | RCL ahead |
| 2025-06-20 | 111.49 | 136.24 | -1.91 | RCL ahead |
| 2025-06-18 | 110.74 | 133.93 | -1.79 | RCL ahead |
| 2025-06-17 | 109.19 | 131.22 | -1.73 | RCL ahead |
| 2025-06-16 | 111.82 | 132.39 | -1.54 | RCL ahead |
| 2025-06-13 | 105.11 | 129.08 | -2.06 | RCL ahead |
| 2025-06-12 | 110.55 | 132.90 | -1.79 | RCL ahead |
| 2025-06-11 | 111.96 | 134.02 | -1.75 | RCL ahead |
| 2025-06-10 | 114.96 | 134.89 | -1.48 | RCL ahead |
| 2025-06-09 | 113.56 | 137.04 | -1.90 | RCL ahead |
| 2025-06-06 | 113.88 | 138.21 | -2.00 | RCL ahead |
| 2025-06-05 | 112.66 | 135.74 | -1.92 | RCL ahead |
| 2025-06-04 | 111.77 | 132.86 | -1.74 | RCL ahead |
| 2025-06-03 | 112.24 | 133.42 | -1.76 | RCL ahead |
| 2025-06-02 | 110.41 | 131.00 | -1.75 | RCL ahead |
| 2025-05-30 | 108.91 | 128.52 | -1.69 | RCL ahead |
| 2025-05-29 | 108.63 | 127.26 | -1.60 | RCL ahead |
| 2025-05-28 | 107.88 | 125.44 | -1.51 | RCL ahead |
| 2025-05-27 | 110.69 | 127.81 | -1.42 | RCL ahead |
| 2025-05-23 | 104.36 | 120.10 | -1.38 | RCL ahead |
| 2025-05-22 | 105.21 | 119.24 | -1.16 | RCL ahead |
| 2025-05-21 | 103.38 | 118.91 | -1.39 | RCL ahead |
| 2025-05-20 | 107.41 | 124.64 | -1.54 | RCL ahead |
| 2025-05-19 | 109.71 | 127.05 | -1.52 | RCL ahead |
| 2025-05-16 | 109.71 | 127.75 | -1.62 | RCL ahead |
| 2025-05-15 | 107.88 | 125.09 | -1.57 | RCL ahead |
| 2025-05-14 | 107.83 | 125.72 | -1.67 | RCL ahead |
| 2025-05-13 | 106.66 | 123.93 | -1.63 | RCL ahead |
| 2025-05-12 | 103.80 | 121.13 | -1.71 | RCL ahead |
| 2025-05-09 | 94.70 | 116.66 | -2.58 | RCL ahead |
| 2025-05-08 | 94.98 | 116.45 | -2.55 | RCL ahead |
| 2025-05-07 | 92.35 | 114.04 | -2.71 | RCL ahead |
| 2025-05-06 | 91.60 | 112.83 | -2.72 | RCL ahead |
| 2025-05-05 | 91.74 | 114.41 | -2.99 | RCL ahead |
| 2025-05-02 | 91.79 | 115.01 | -3.14 | RCL ahead |
| 2025-05-01 | 87.38 | 110.42 | -3.37 | RCL ahead |
| 2025-04-30 | 86.02 | 107.49 | -3.25 | RCL ahead |
| 2025-04-29 | 87.76 | 108.32 | -3.10 | RCL ahead |
| 2025-04-28 | 88.46 | 108.19 | -3.00 | RCL ahead |
| 2025-04-25 | 87.24 | 106.02 | -2.95 | RCL ahead |
| 2025-04-24 | 87.71 | 105.69 | -2.85 | RCL ahead |
| 2025-04-23 | 86.68 | 103.78 | -2.78 | RCL ahead |
| 2025-04-22 | 84.33 | 99.86 | -2.61 | RCL ahead |
| 2025-04-21 | 80.86 | 94.78 | -2.46 | RCL ahead |
| 2025-04-17 | 84.38 | 96.37 | -1.98 | RCL ahead |
| 2025-04-16 | 83.82 | 95.88 | -2.04 | RCL ahead |
| 2025-04-15 | 84.43 | 96.71 | -2.09 | RCL ahead |
| 2025-04-14 | 83.58 | 95.94 | -2.15 | RCL ahead |
| 2025-04-11 | 82.74 | 96.03 | -2.39 | RCL ahead |
| 2025-04-10 | 82.55 | 96.28 | -2.52 | RCL ahead |
| 2025-04-09 | 91.98 | 104.79 | -2.08 | RCL ahead |
| 2025-04-08 | 78.28 | 90.12 | -2.31 | RCL ahead |
| 2025-04-07 | 77.06 | 89.80 | -2.59 | RCL ahead |
| 2025-04-04 | 77.39 | 88.99 | -2.36 | RCL ahead |
| 2025-04-03 | 81.05 | 94.35 | -2.65 | RCL ahead |
| 2025-04-02 | 93.90 | 106.06 | -2.05 | RCL ahead |
| 2025-04-01 | 90.95 | 104.09 | -2.33 | RCL ahead |
| 2025-03-31 | 91.60 | 102.75 | -1.92 | RCL ahead |
| 2025-03-28 | 93.20 | 103.82 | -1.77 | RCL ahead |
| 2025-03-27 | 97.47 | 108.65 | -1.77 | RCL ahead |
| 2025-03-26 | 98.17 | 109.96 | -1.86 | RCL ahead |
| 2025-03-25 | 99.72 | 112.54 | -1.99 | RCL ahead |
| 2025-03-24 | 100.56 | 112.73 | -1.86 | RCL ahead |
| 2025-03-21 | 98.22 | 107.78 | -1.46 | RCL ahead |
| 2025-03-20 | 99.44 | 107.39 | -1.17 | RCL ahead |
| 2025-03-19 | 98.73 | 107.59 | -1.33 | RCL ahead |
| 2025-03-18 | 94.37 | 101.72 | -1.13 | RCL ahead |
| 2025-03-17 | 97.98 | 109.74 | -1.79 | RCL ahead |
| 2025-03-14 | 93.43 | 106.04 | -2.02 | RCL ahead |
| 2025-03-13 | 89.68 | 103.98 | -2.39 | RCL ahead |
| 2025-03-12 | 91.46 | 103.71 | -2.01 | RCL ahead |
| 2025-03-11 | 89.59 | 103.62 | -2.35 | RCL ahead |
| 2025-03-10 | 89.49 | 103.65 | -2.38 | RCL ahead |
| 2025-03-07 | 96.81 | 107.03 | -1.62 | RCL ahead |
| 2025-03-06 | 97.89 | 107.80 | -1.55 | RCL ahead |
| 2025-03-05 | 104.78 | 115.69 | -1.59 | RCL ahead |
| 2025-03-04 | 102.77 | 113.54 | -1.60 | RCL ahead |
| 2025-03-03 | 109.10 | 120.60 | -1.61 | RCL ahead |
| 2025-02-28 | 112.24 | 123.09 | -1.48 | RCL ahead |
| 2025-02-27 | 110.23 | 119.12 | -1.26 | RCL ahead |
| 2025-02-26 | 113.13 | 122.09 | -1.25 | RCL ahead |
| 2025-02-25 | 111.35 | 118.82 | -1.08 | RCL ahead |
| 2025-02-24 | 110.83 | 118.87 | -1.16 | RCL ahead |
| 2025-02-21 | 108.91 | 117.17 | -1.21 | RCL ahead |
| 2025-02-20 | 115.20 | 121.98 | -0.98 | RCL ahead |
| 2025-02-19 | 122.37 | 132.04 | -1.25 | RCL ahead |
| 2025-02-18 | 120.68 | 130.94 | -1.33 | RCL ahead |
| 2025-02-14 | 123.03 | 131.58 | -1.13 | RCL ahead |
| 2025-02-13 | 121.29 | 130.08 | -1.17 | RCL ahead |
| 2025-02-12 | 121.44 | 128.19 | -0.95 | RCL ahead |
| 2025-02-11 | 120.12 | 128.37 | -1.13 | RCL ahead |
| 2025-02-10 | 122.42 | 130.61 | -1.11 | RCL ahead |
| 2025-02-07 | 125.47 | 132.25 | -0.95 | RCL ahead |
| 2025-02-06 | 128.71 | 135.14 | -0.90 | RCL ahead |
| 2025-02-05 | 127.53 | 133.48 | -0.86 | RCL ahead |
| 2025-02-04 | 127.06 | 131.83 | -0.75 | RCL ahead |
| 2025-02-03 | 126.88 | 130.47 | -0.64 | RCL ahead |
| 2025-01-31 | 129.78 | 133.34 | -0.64 | RCL ahead |
| 2025-01-30 | 133.63 | 137.44 | -0.65 | RCL ahead |
| 2025-01-29 | 130.91 | 134.59 | -0.66 | RCL ahead |
| 2025-01-28 | 130.25 | 132.66 | -0.55 | RCL ahead |
| 2025-01-27 | 120.45 | 118.45 | -0.12 | near the usual relationship |
| 2025-01-24 | 119.23 | 116.08 | -0.01 | near the usual relationship |
| 2025-01-23 | 120.12 | 119.11 | -0.24 | near the usual relationship |
| 2025-01-22 | 118.43 | 118.12 | -0.31 | near the usual relationship |
| 2025-01-21 | 120.08 | 121.68 | -0.51 | RCL ahead |
| 2025-01-17 | 121.25 | 120.94 | -0.33 | near the usual relationship |
| 2025-01-16 | 117.50 | 116.68 | -0.29 | near the usual relationship |
| 2025-01-15 | 116.98 | 116.27 | -0.30 | near the usual relationship |
| 2025-01-14 | 114.96 | 114.90 | -0.37 | near the usual relationship |
| 2025-01-13 | 112.05 | 113.65 | -0.54 | RCL ahead |
| 2025-01-10 | 113.84 | 113.51 | -0.36 | near the usual relationship |
| 2025-01-08 | 113.41 | 113.64 | -0.42 | near the usual relationship |
| 2025-01-07 | 111.82 | 112.70 | -0.49 | near the usual relationship |
| 2025-01-06 | 113.18 | 114.24 | -0.51 | RCL ahead |
| 2025-01-03 | 114.35 | 114.50 | -0.43 | near the usual relationship |
| 2025-01-02 | 117.31 | 114.54 | -0.19 | near the usual relationship |
| 2024-12-31 | 116.89 | 115.38 | -0.30 | near the usual relationship |
| 2024-12-30 | 117.50 | 116.41 | -0.35 | near the usual relationship |
| 2024-12-27 | 117.64 | 116.39 | -0.34 | near the usual relationship |
| 2024-12-26 | 120.36 | 118.92 | -0.33 | near the usual relationship |
| 2024-12-24 | 120.97 | 120.19 | -0.39 | near the usual relationship |
| 2024-12-23 | 120.68 | 118.97 | -0.33 | near the usual relationship |
| 2024-12-20 | 125.70 | 119.25 | +0.02 | near the usual relationship |
| 2024-12-19 | 118.11 | 115.41 | -0.26 | near the usual relationship |
| 2024-12-18 | 116.42 | 114.80 | -0.35 | near the usual relationship |
| 2024-12-17 | 120.64 | 121.07 | -0.51 | RCL ahead |
| 2024-12-16 | 121.53 | 121.54 | -0.49 | near the usual relationship |
| 2024-12-13 | 121.48 | 122.62 | -0.57 | RCL ahead |
| 2024-12-12 | 122.80 | 122.11 | -0.45 | near the usual relationship |
| 2024-12-11 | 124.81 | 122.80 | -0.37 | near the usual relationship |
| 2024-12-10 | 121.15 | 122.87 | -0.63 | RCL ahead |
| 2024-12-09 | 119.09 | 123.61 | -0.83 | RCL ahead |
| 2024-12-06 | 124.81 | 129.08 | -0.80 | RCL ahead |
| 2024-12-05 | 124.06 | 125.61 | -0.63 | RCL ahead |
| 2024-12-04 | 125.61 | 124.91 | -0.49 | near the usual relationship |
| 2024-12-03 | 122.47 | 122.99 | -0.58 | RCL ahead |
| 2024-12-02 | 121.90 | 123.24 | -0.64 | RCL ahead |
| 2024-11-29 | 119.28 | 122.07 | -0.74 | RCL ahead |
| 2024-11-27 | 117.92 | 120.85 | -0.76 | RCL ahead |
| 2024-11-26 | 118.86 | 122.29 | -0.80 | RCL ahead |
| 2024-11-25 | 118.15 | 120.23 | -0.72 | RCL ahead |
| 2024-11-22 | 116.79 | 120.78 | -0.85 | RCL ahead |
| 2024-11-21 | 118.90 | 118.82 | -0.59 | RCL ahead |
| 2024-11-20 | 117.64 | 117.97 | -0.62 | RCL ahead |
| 2024-11-19 | 117.87 | 117.37 | -0.57 | RCL ahead |
| 2024-11-18 | 114.96 | 115.91 | -0.68 | RCL ahead |
| 2024-11-15 | 114.02 | 115.78 | -0.74 | RCL ahead |
| 2024-11-14 | 114.02 | 116.54 | -0.79 | RCL ahead |
| 2024-11-13 | 115.15 | 117.16 | -0.76 | RCL ahead |
| 2024-11-12 | 115.34 | 118.75 | -0.86 | RCL ahead |
| 2024-11-11 | 115.38 | 117.45 | -0.78 | RCL ahead |
| 2024-11-08 | 112.90 | 112.67 | -0.64 | RCL ahead |
| 2024-11-07 | 111.07 | 110.29 | -0.60 | RCL ahead |
| 2024-11-06 | 113.65 | 113.35 | -0.64 | RCL ahead |
| 2024-11-05 | 105.30 | 105.42 | -0.68 | RCL ahead |
| 2024-11-04 | 102.77 | 102.23 | -0.63 | RCL ahead |
| 2024-11-01 | 102.72 | 101.06 | -0.56 | RCL ahead |
| 2024-10-31 | 103.19 | 103.21 | -0.69 | RCL ahead |
| 2024-10-30 | 103.94 | 104.21 | -0.71 | RCL ahead |
| 2024-10-29 | 103.66 | 105.08 | -0.80 | RCL ahead |
| 2024-10-28 | 102.81 | 101.79 | -0.63 | RCL ahead |
| 2024-10-25 | 98.08 | 100.49 | -0.90 | RCL ahead |
| 2024-10-24 | 98.08 | 101.56 | -0.98 | RCL ahead |
| 2024-10-23 | 98.50 | 100.60 | -0.89 | RCL ahead |
| 2024-10-22 | 100.61 | 101.71 | -0.82 | RCL ahead |
| 2024-10-21 | 99.81 | 99.98 | -0.75 | RCL ahead |
| 2024-10-18 | 100.00 | 100.00 | -0.75 | RCL ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Dec 19, 2025 (CCL +9.8%, RCL +2.4%); Jan 29, 2026 (CCL +8.5%, RCL +18.6%). Upcoming earnings: RCL Oct 27, 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)
2 simulated trades to Oct 20, 2026: +3.54% per trade on average after costs, 1 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long CCL · Short RCL | Mar 11, 2025 | Dec 23, 2025 | converged | 287 | $2,626.27 | -$83.70 | $2,497.64 (+24.98%) |
| Long CCL · Short RCL | Apr 20, 2020 | Jul 17, 2020 | divergence stop | 88 | -$1,720.48 | -$40.73 | -$1,789.56 (-17.90%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
CCL and RCL at a glance
CCL Carnival Corporation Ltd.
- Listing
- NYSE · SEC CIK 815097
- Industry
- Marine Transportation · SIC 4400 Water Transportation
- Market value
- $35.6B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
RCL Royal Caribbean Cruises Ltd.
- Listing
- NYSE · SEC CIK 884887
- Industry
- Marine Transportation · SIC 4400 Water Transportation
- Market value
- $75.4B
- 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 →Other rivals of CCL and RCL
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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.
