Agricultural Chemicals

CF Industries Holdings Inc. vs Nutrien Ltd.

WatchlistCF / NTRPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($33B vs $18B) in Nasdaq's "Agricultural Chemicals" industry; SEC SIC 2870 / 2870 (same major group); #1 and #2 by market value ($33B vs $18B) with SEC SIC 2870 (Agricultural Chemicals).

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: -1.17 (needs <= -2.873 (5% critical value))
Business leadership

Business size

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

YearCFNTRLarger
2025$7.1B--
2024$5.9B--
2023$6.6B--
2022$11.2B--
2021$6.5B--
2020$4.1B--

Market value: CF $17.9B, NTR $33.5B.

Stock leadership

CF is ahead now

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

CF leads NTR by 0.80 standard deviations: +9.9% over its usual price ratio. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
CF-5.2%-5.6%+42.3%
NTR+1.5%-4.3%+23.4%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2214 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.69 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.17 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 54.20 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CF CF Industries Holdings Inc. NTR Nutrien Ltd.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 2026
Spread z-score: CF relative to NTR, against the 252 sessions before each day. Above 0: CF ahead; below 0: NTR ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCF indexNTR indexzAhead
2026-10-22141.16144.90+0.80CF ahead
2026-10-21138.47142.87+0.76CF ahead
2026-10-20140.41144.78+0.77CF ahead
2026-10-19141.10145.64+0.77CF ahead
2026-10-16143.89149.45+0.72CF ahead
2026-10-15142.60145.93+0.85CF ahead
2026-10-14142.23146.54+0.80CF ahead
2026-10-13139.60146.14+0.67CF ahead
2026-10-12136.42142.62+0.69CF ahead
2026-10-09132.80141.53+0.53CF ahead
2026-10-08135.23146.54+0.39near the usual relationship
2026-10-07136.25146.75+0.44near the usual relationship
2026-10-06138.14149.33+0.41near the usual relationship
2026-10-05138.14147.36+0.53CF ahead
2026-10-02136.93146.94+0.48near the usual relationship
2026-10-01136.37146.25+0.49near the usual relationship
2026-09-30137.16147.34+0.48near the usual relationship
2026-09-29137.77149.29+0.41near the usual relationship
2026-09-28137.53150.96+0.30near the usual relationship
2026-09-25136.53151.49+0.21near the usual relationship
2026-09-24141.02155.12+0.28near the usual relationship
2026-09-23143.64157.57+0.31near the usual relationship
2026-09-22143.58158.20+0.27near the usual relationship
2026-09-21146.77156.33+0.56CF ahead
2026-09-18152.04161.68+0.58CF ahead
2026-09-17159.33165.52+0.78CF ahead
2026-09-16157.15162.92+0.81CF ahead
2026-09-15161.38165.10+0.92CF ahead
2026-09-14156.26161.49+0.84CF ahead
2026-09-11158.44164.53+0.81CF ahead
2026-09-10160.86165.14+0.91CF ahead
2026-09-09164.44169.30+0.89CF ahead
2026-09-08159.94169.21+0.66CF ahead
2026-09-04158.77166.67+0.74CF ahead
2026-09-03164.08169.32+0.89CF ahead
2026-09-02165.82168.39+1.03CF ahead
2026-09-01161.45162.94+1.09CF ahead
2026-08-31154.82158.41+0.98CF ahead
2026-08-28149.77154.17+0.94CF ahead
2026-08-27149.67153.23+0.99CF ahead
2026-08-26149.66154.38+0.93CF ahead
2026-08-25151.52152.77+1.14CF ahead
2026-08-24153.88155.81+1.11CF ahead
2026-08-21154.30157.86+1.03CF ahead
2026-08-20149.66153.36+1.02CF ahead
2026-08-19141.71147.86+0.87CF ahead
2026-08-18142.54145.55+1.06CF ahead
2026-08-17140.23143.23+1.07CF ahead
2026-08-14140.85143.12+1.12CF ahead
2026-08-13139.36141.51+1.13CF ahead
2026-08-12142.89140.90+1.41CF ahead
2026-08-11140.25141.11+1.24CF ahead
2026-08-10144.64139.07+1.66CF ahead
2026-08-07136.15135.11+1.38CF ahead
2026-08-06138.98140.02+1.26CF ahead
2026-08-05138.96140.35+1.24CF ahead
2026-08-04140.62140.35+1.36CF ahead
2026-08-03140.85138.34+1.51CF ahead
2026-07-31149.05144.86+1.62CF ahead
2026-07-30149.74148.32+1.46CF ahead
2026-07-29151.63148.05+1.60CF ahead
2026-07-28146.35145.68+1.44CF ahead
2026-07-27142.61141.36+1.49CF ahead
2026-07-24148.91142.83+1.81CF ahead
2026-07-23150.86143.75+1.89CF ahead
2026-07-22151.63143.67+1.97CF ahead
2026-07-21146.40140.18+1.89CF ahead
2026-07-20147.12139.81+1.98CF ahead
2026-07-17144.56141.11+1.74CF ahead
2026-07-16141.28140.73+1.55CF ahead
2026-07-15140.28143.31+1.31CF ahead
2026-07-14141.91143.96+1.39CF ahead
2026-07-13143.97141.78+1.69CF ahead
2026-07-10139.21137.23+1.70CF ahead
2026-07-09135.75135.42+1.59CF ahead
2026-07-08139.33140.02+1.53CF ahead
2026-07-07136.85137.00+1.58CF ahead
2026-07-06134.78135.36+1.56CF ahead
2026-07-02131.61136.45+1.24CF ahead
2026-07-01128.78133.33+1.26CF ahead
2026-06-30128.90132.03+1.38CF ahead
2026-06-29125.49128.31+1.41CF ahead
2026-06-26125.85127.89+1.48CF ahead
2026-06-25125.60127.85+1.47CF ahead
2026-06-24122.74126.61+1.34CF ahead
2026-06-23121.65129.07+1.05CF ahead
2026-06-22123.35130.56+1.08CF ahead
2026-06-18122.55131.84+0.91CF ahead
2026-06-17126.03134.82+0.97CF ahead
2026-06-16125.72137.33+0.76CF ahead
2026-06-15127.28138.70+0.78CF ahead
2026-06-12130.35141.82+0.80CF ahead
2026-06-11126.87137.50+0.84CF ahead
2026-06-10130.09136.39+1.19CF ahead
2026-06-09129.28139.16+0.92CF ahead
2026-06-08130.31141.11+0.87CF ahead
2026-06-05135.12140.94+1.26CF ahead
2026-06-04139.92144.71+1.36CF ahead
2026-06-03138.83144.32+1.32CF ahead
2026-06-02135.11143.67+1.08CF ahead
2026-06-01134.90145.91+0.91CF ahead
2026-05-29133.77143.77+0.98CF ahead
2026-05-28138.71146.08+1.20CF ahead
2026-05-27138.52144.15+1.34CF ahead
2026-05-26141.87146.69+1.42CF ahead
2026-05-22144.90147.08+1.63CF ahead
2026-05-21144.89147.32+1.63CF ahead
2026-05-20146.80147.04+1.81CF ahead
2026-05-19152.23150.15+2.00CF ahead
2026-05-18149.09150.21+1.78CF ahead
2026-05-15149.11150.21+1.80CF ahead
2026-05-14146.41148.78+1.72CF ahead
2026-05-13149.42149.52+1.91CF ahead
2026-05-12155.24150.96+2.26CF ahead
2026-05-11148.21149.52+1.87CF ahead
2026-05-08136.94143.31+1.46CF ahead
2026-05-07141.30143.41+1.83CF ahead
2026-05-06142.59154.80+1.06CF ahead
2026-05-05152.45162.00+1.32CF ahead
2026-05-04149.89159.02+1.35CF ahead
2026-05-01146.08157.76+1.16CF ahead
2026-04-30147.87159.40+1.19CF ahead
2026-04-29150.95155.47+1.74CF ahead
2026-04-28145.62152.92+1.52CF ahead
2026-04-27147.20151.78+1.76CF ahead
2026-04-24143.98150.10+1.64CF ahead
2026-04-23149.53151.41+2.01CF ahead
2026-04-22145.80150.06+1.84CF ahead
2026-04-21144.43152.41+1.55CF ahead
2026-04-20138.04149.27+1.27CF ahead
2026-04-17134.16148.11+1.02CF ahead
2026-04-16148.48156.31+1.62CF ahead
2026-04-15143.84153.84+1.44CF ahead
2026-04-14141.64154.40+1.21CF ahead
2026-04-13144.87156.00+1.37CF ahead
2026-04-10144.45154.68+1.45CF ahead
2026-04-09142.14152.64+1.43CF ahead
2026-04-08150.21157.05+1.77CF ahead
2026-04-07159.28161.24+2.20CF ahead
2026-04-06155.95159.00+2.13CF ahead
2026-04-02154.74158.28+2.10CF ahead
2026-04-01152.38156.38+2.08CF ahead
2026-03-31154.59158.26+2.13CF ahead
2026-03-30163.83160.55+2.74CF ahead
2026-03-27162.46158.66+2.84CF ahead
2026-03-26157.83154.55+2.86CF ahead
2026-03-25152.53160.70+1.89CF ahead
2026-03-24151.11161.12+1.74CF ahead
2026-03-23143.09152.81+1.74CF ahead
2026-03-20148.71156.73+1.94CF ahead
2026-03-19149.49159.50+1.79CF ahead
2026-03-18150.89163.34+1.60CF ahead
2026-03-17146.79166.84+0.91CF ahead
2026-03-16145.65163.15+1.12CF ahead
2026-03-13154.27173.76+1.05CF ahead
2026-03-12161.92176.05+1.56CF ahead
2026-03-11143.03166.34+0.60CF ahead
2026-03-10131.03159.58-0.06near the usual relationship
2026-03-09132.21159.00+0.12near the usual relationship
2026-03-06137.85159.84+0.64CF ahead
2026-03-05131.90156.02+0.35near the usual relationship
2026-03-04124.67154.34-0.30near the usual relationship
2026-03-03126.56156.08-0.25near the usual relationship
2026-03-02124.18158.85-0.77NTR ahead
2026-02-27118.51157.45-1.31NTR ahead
2026-02-26115.68153.38-1.29NTR ahead
2026-02-25114.47152.12-1.34NTR ahead
2026-02-24114.43152.60-1.40NTR ahead
2026-02-23113.64150.82-1.34NTR ahead
2026-02-20115.70149.33-0.95NTR ahead
2026-02-19118.42150.55-0.74NTR ahead
2026-02-18114.09147.40-0.98NTR ahead
2026-02-17111.67146.52-1.21NTR ahead
2026-02-13112.70148.51-1.28NTR ahead
2026-02-12112.11147.71-1.28NTR ahead
2026-02-11115.41153.25-1.40NTR ahead
2026-02-10114.67149.20-1.12NTR ahead
2026-02-09113.04146.98-1.12NTR ahead
2026-02-06110.30143.90-1.17NTR ahead
2026-02-05108.73142.58-1.24NTR ahead
2026-02-04112.75149.96-1.44NTR ahead
2026-02-03110.13147.67-1.55NTR ahead
2026-02-02106.97144.06-1.62NTR ahead
2026-01-30111.00144.48-1.17NTR ahead
2026-01-29111.95149.18-1.49NTR ahead
2026-01-28110.93150.17-1.71NTR ahead
2026-01-27109.23147.48-1.69NTR ahead
2026-01-26109.12147.29-1.69NTR ahead
2026-01-23109.99148.66-1.71NTR ahead
2026-01-22106.24142.83-1.65NTR ahead
2026-01-21109.37144.04-1.38NTR ahead
2026-01-20105.27140.98-1.59NTR ahead
2026-01-16103.29139.22-1.67NTR ahead
2026-01-15103.11142.26-1.97NTR ahead
2026-01-14101.26138.84-1.90NTR ahead
2026-01-1398.67128.63-1.28NTR ahead
2026-01-1296.19124.45-1.19NTR ahead
2026-01-0998.35125.46-1.02NTR ahead
2026-01-0896.83125.42-1.21NTR ahead
2026-01-0792.26123.72-1.62NTR ahead
2026-01-0694.59127.10-1.65NTR ahead
2026-01-0595.56130.26-1.82NTR ahead
2026-01-0295.40132.47-2.04NTR ahead
2025-12-3192.08129.45-2.19NTR ahead
2025-12-3091.59131.04-2.41NTR ahead
2025-12-2992.45131.48-2.35NTR ahead
2025-12-2692.21131.65-2.41NTR ahead
2025-12-2492.36133.26-2.56NTR ahead
2025-12-2393.03133.41-2.50NTR ahead
2025-12-2292.19131.44-2.46NTR ahead
2025-12-1993.70130.62-2.22NTR ahead
2025-12-1893.21129.26-2.18NTR ahead
2025-12-1794.07132.76-2.40NTR ahead
2025-12-1692.33129.72-2.37NTR ahead
2025-12-1593.76129.72-2.21NTR ahead
2025-12-1294.29131.80-2.35NTR ahead
2025-12-1193.65127.94-2.11NTR ahead
2025-12-1090.59123.74-2.13NTR ahead
2025-12-0991.32123.03-1.98NTR ahead
2025-12-0891.99123.99-2.00NTR ahead
2025-12-0592.73126.55-2.16NTR ahead
2025-12-0495.52125.94-1.77NTR ahead
2025-12-0394.40125.99-1.92NTR ahead
2025-12-0294.02124.35-1.82NTR ahead
2025-12-0195.01126.20-1.88NTR ahead
2025-11-2893.70122.00-1.67NTR ahead
2025-11-2693.36120.39-1.57NTR ahead
2025-11-2592.49119.19-1.57NTR ahead
2025-11-2492.46117.93-1.46NTR ahead
2025-11-2193.51117.85-1.33NTR ahead
2025-11-2092.62115.48-1.22NTR ahead
2025-11-1993.73117.32-1.27NTR ahead
2025-11-1896.59120.22-1.21NTR ahead
2025-11-1796.07119.53-1.22NTR ahead
2025-11-14101.25124.52-1.10NTR ahead
2025-11-13100.40123.47-1.11NTR ahead
2025-11-12100.90126.11-1.30NTR ahead
2025-11-1199.63124.43-1.30NTR ahead
2025-11-1098.64123.62-1.35NTR ahead
2025-11-0797.67119.30-1.08NTR ahead
2025-11-0696.98116.59-0.91NTR ahead
2025-11-05101.26113.26-0.13near the usual relationship
2025-11-04100.67112.50-0.12near the usual relationship
2025-11-03100.50114.37-0.32near the usual relationship
2025-10-3199.17114.20-0.46near the usual relationship
2025-10-3098.60113.93-0.50NTR ahead
2025-10-29100.19118.37-0.75NTR ahead
2025-10-28102.51119.57-0.61NTR ahead
2025-10-27102.86120.62-0.68NTR ahead
2025-10-24102.95121.98-0.79NTR ahead
2025-10-23103.50121.29-0.68NTR ahead
2025-10-22102.31119.19-0.62NTR ahead
2025-10-2199.17117.47-0.81NTR ahead
2025-10-2099.93120.74-1.03NTR ahead
2025-10-1799.43120.43-1.07NTR ahead
2025-10-1698.85118.33-0.95NTR ahead
2025-10-15101.73121.92-0.97NTR ahead
2025-10-14103.26121.69-0.79NTR ahead
2025-10-13105.02125.92-0.99NTR ahead
2025-10-10103.99125.50-1.06NTR ahead
2025-10-09105.50128.17-1.14NTR ahead
2025-10-08107.98126.76-0.78NTR ahead
2025-10-07109.50127.18-0.67NTR ahead
2025-10-06109.61126.61-0.62NTR ahead
2025-10-03107.26124.48-0.68NTR ahead
2025-10-02106.97125.31-0.78NTR ahead
2025-10-01102.91118.77-0.63NTR ahead
2025-09-30106.80123.13-0.63NTR ahead
2025-09-29107.76121.12-0.36near the usual relationship
2025-09-26109.69123.36-0.37near the usual relationship
2025-09-25106.81121.96-0.54NTR ahead
2025-09-24109.12123.80-0.47near the usual relationship
2025-09-23103.75118.23-0.52NTR ahead
2025-09-22101.96119.55-0.83NTR ahead
2025-09-19101.31118.73-0.83NTR ahead
2025-09-18100.13117.93-0.89NTR ahead
2025-09-17100.24118.46-0.94NTR ahead
2025-09-16101.15118.94-0.89NTR ahead
2025-09-15101.62119.76-0.92NTR ahead
2025-09-12101.95119.44-0.86NTR ahead
2025-09-11102.55119.80-0.84NTR ahead
2025-09-10103.46120.41-0.80NTR ahead
2025-09-09100.80118.39-0.91NTR ahead
2025-09-08100.61120.22-1.10NTR ahead
2025-09-05100.58118.35-0.94NTR ahead
2025-09-04100.23119.51-1.09NTR ahead
2025-09-03100.93119.09-0.99NTR ahead
2025-09-02104.10120.81-0.81NTR ahead
2025-08-29103.14120.85-0.92NTR ahead
2025-08-28103.95123.36-1.07NTR ahead
2025-08-27102.81122.00-1.07NTR ahead
2025-08-26103.14122.80-1.12NTR ahead
2025-08-25102.60122.21-1.13NTR ahead
2025-08-22103.00121.43-1.03NTR ahead
2025-08-21102.82120.83-1.00NTR ahead
2025-08-20101.71119.63-1.02NTR ahead
2025-08-19100.01119.11-1.16NTR ahead
2025-08-18100.55118.92-1.09NTR ahead
2025-08-15102.27119.82-1.00NTR ahead
2025-08-14101.52119.36-1.04NTR ahead
2025-08-13102.89119.30-0.90NTR ahead
2025-08-1298.70117.55-1.20NTR ahead
2025-08-1198.38118.10-1.30NTR ahead
2025-08-0896.33116.80-1.41NTR ahead
2025-08-0798.69116.84-1.15NTR ahead
2025-08-06107.04121.54-0.69NTR ahead
2025-08-05110.39124.01-0.57NTR ahead
2025-08-04111.50123.87-0.44near the usual relationship
2025-08-01109.01122.82-0.59NTR ahead
2025-07-31110.53124.41-0.58NTR ahead
2025-07-30110.30124.48-0.60NTR ahead
2025-07-29113.00126.74-0.53NTR ahead
2025-07-28110.17125.02-0.65NTR ahead
2025-07-25111.08126.03-0.64NTR ahead
2025-07-24111.32126.45-0.65NTR ahead
2025-07-23111.57127.27-0.69NTR ahead
2025-07-22109.20125.90-0.80NTR ahead
2025-07-21108.33124.24-0.74NTR ahead
2025-07-18110.29125.86-0.68NTR ahead
2025-07-17109.29122.32-0.46near the usual relationship
2025-07-16110.25122.61-0.39near the usual relationship
2025-07-15114.18125.59-0.27near the usual relationship
2025-07-14115.98127.77-0.28near the usual relationship
2025-07-11116.97127.92-0.20near the usual relationship
2025-07-10114.01127.52-0.42near the usual relationship
2025-07-09117.57130.26-0.32near the usual relationship
2025-07-08115.63128.71-0.36near the usual relationship
2025-07-07113.33127.41-0.45near the usual relationship
2025-07-03112.69126.13-0.41near the usual relationship
2025-07-02111.74125.82-0.46near the usual relationship
2025-07-01110.12122.73-0.35near the usual relationship
2025-06-30109.54122.15-0.36near the usual relationship
2025-06-27108.33121.90-0.44near the usual relationship
2025-06-26107.98121.75-0.46near the usual relationship
2025-06-25108.82122.99-0.48near the usual relationship
2025-06-24112.73124.62-0.25near the usual relationship
2025-06-23114.93126.53-0.20near the usual relationship
2025-06-20119.49127.81+0.09near the usual relationship
2025-06-18119.43130.75-0.14near the usual relationship
2025-06-17122.01129.97+0.14near the usual relationship
2025-06-16119.94131.80-0.16near the usual relationship
2025-06-13118.98131.90-0.24near the usual relationship
2025-06-12111.72126.76-0.47near the usual relationship
2025-06-11113.39126.32-0.28near the usual relationship
2025-06-10109.69125.50-0.54NTR ahead
2025-06-09110.55126.80-0.55NTR ahead
2025-06-06109.70125.31-0.51NTR ahead
2025-06-05109.87126.45-0.58NTR ahead
2025-06-04109.10126.47-0.64NTR ahead
2025-06-03109.92125.31-0.47near the usual relationship
2025-06-02110.69126.30-0.47near the usual relationship
2025-05-30108.00123.80-0.51NTR ahead
2025-05-29107.29123.28-0.52NTR ahead
2025-05-28108.98124.92-0.49near the usual relationship
2025-05-27108.99125.42-0.51NTR ahead
2025-05-23105.83125.15-0.76NTR ahead
2025-05-22105.86123.51-0.62NTR ahead
2025-05-21106.38125.17-0.69NTR ahead
2025-05-20104.68123.07-0.68NTR ahead
2025-05-19104.29121.60-0.59NTR ahead
2025-05-16104.51121.43-0.55NTR ahead
2025-05-15102.67120.51-0.63NTR ahead
2025-05-14102.36119.51-0.57NTR ahead
2025-05-13104.45121.77-0.55NTR ahead
2025-05-12100.48117.87-0.60NTR ahead
2025-05-0998.12116.67-0.71NTR ahead
2025-05-0896.82114.83-0.68NTR ahead
2025-05-0796.07118.75-1.04NTR ahead
2025-05-0697.61118.44-0.88NTR ahead
2025-05-0596.34117.87-0.95NTR ahead
2025-05-0295.96119.19-1.08NTR ahead
2025-05-0194.80119.00-1.18NTR ahead
2025-04-3093.31119.65-1.37NTR ahead
2025-04-2995.00119.15-1.18NTR ahead
2025-04-2894.82116.55-1.01NTR ahead
2025-04-2593.43113.36-0.90NTR ahead
2025-04-2492.03112.58-0.97NTR ahead
2025-04-2390.36111.33-1.04NTR ahead
2025-04-2289.94112.14-1.15NTR ahead
2025-04-2189.45110.23-1.05NTR ahead
2025-04-1789.18110.11-1.07NTR ahead
2025-04-1688.22111.72-1.30NTR ahead
2025-04-1587.06109.52-1.24NTR ahead
2025-04-1486.21109.31-1.32NTR ahead
2025-04-1185.72107.30-1.21NTR ahead
2025-04-1083.31101.34-0.95NTR ahead
2025-04-0983.94101.53-0.90NTR ahead
2025-04-0881.5298.32-0.88NTR ahead
2025-04-0785.7799.69-0.55NTR ahead
2025-04-0487.0099.41-0.40near the usual relationship
2025-04-0395.08106.35-0.21near the usual relationship
2025-04-0295.05104.76-0.08near the usual relationship
2025-04-0194.76103.94-0.04near the usual relationship
2025-03-3193.05104.17-0.22near the usual relationship
2025-03-2892.14105.08-0.38near the usual relationship
2025-03-2792.84106.75-0.45near the usual relationship
2025-03-2691.25105.94-0.54NTR ahead
2025-03-2589.33105.16-0.66NTR ahead
2025-03-2491.48110.17-0.87NTR ahead
2025-03-2191.42110.07-0.87NTR ahead
2025-03-2091.58110.00-0.86NTR ahead
2025-03-1992.12109.79-0.79NTR ahead
2025-03-1890.96109.21-0.86NTR ahead
2025-03-1792.55109.38-0.72NTR ahead
2025-03-1491.24106.52-0.62NTR ahead
2025-03-1391.46105.01-0.47near the usual relationship
2025-03-1292.52106.46-0.49near the usual relationship
2025-03-1191.48107.34-0.67NTR ahead
2025-03-1091.80106.00-0.52NTR ahead
2025-03-0791.83107.13-0.62NTR ahead
2025-03-0691.21107.26-0.69NTR ahead
2025-03-0590.86104.59-0.50NTR ahead
2025-03-0489.63101.70-0.37near the usual relationship
2025-03-0392.83104.03-0.26near the usual relationship
2025-02-2896.46109.82-0.40near the usual relationship
2025-02-2794.75110.17-0.59NTR ahead
2025-02-2692.61111.56-0.90NTR ahead
2025-02-2593.36112.33-0.89NTR ahead
2025-02-2492.28109.48-0.77NTR ahead
2025-02-2192.75110.30-0.79NTR ahead
2025-02-2095.56111.47-0.62NTR ahead
2025-02-1999.79110.00-0.12near the usual relationship
2025-02-1899.08108.35-0.04near the usual relationship
2025-02-1498.20106.75+0.01near the usual relationship
2025-02-1396.99106.33-0.06near the usual relationship
2025-02-1296.65104.72+0.04near the usual relationship
2025-02-11101.30108.54+0.14near the usual relationship
2025-02-10103.58109.02+0.30near the usual relationship
2025-02-07100.07105.45+0.30near the usual relationship
2025-02-06100.15105.91+0.27near the usual relationship
2025-02-05106.77108.54+0.62CF ahead
2025-02-04112.03110.86+0.87CF ahead
2025-02-03110.10106.88+1.05CF ahead
2025-01-31109.79108.28+0.91CF ahead
2025-01-30109.77109.73+0.80CF ahead
2025-01-29110.16111.35+0.71CF ahead
2025-01-28107.45110.00+0.60CF ahead
2025-01-27105.69110.19+0.44near the usual relationship
2025-01-24104.89110.68+0.34near the usual relationship
2025-01-23113.39112.92+0.86CF ahead
2025-01-22111.33110.30+0.91CF ahead
2025-01-21111.51107.57+1.16CF ahead
2025-01-17115.50108.26+1.43CF ahead
2025-01-16115.79108.01+1.48CF ahead
2025-01-15114.74109.14+1.32CF ahead
2025-01-14113.10108.41+1.26CF ahead
2025-01-13113.70107.38+1.41CF ahead
2025-01-10105.68101.66+1.25CF ahead
2025-01-08103.60100.31+1.20CF ahead
2025-01-07105.67101.17+1.31CF ahead
2025-01-06106.87101.59+1.39CF ahead
2025-01-03105.3898.22+1.59CF ahead
2025-01-02102.1994.97+1.63CF ahead
2024-12-31101.5893.85+1.70CF ahead
2024-12-30100.0592.66+1.69CF ahead
2024-12-27100.9092.93+1.76CF ahead
2024-12-26101.3193.16+1.80CF ahead
2024-12-24101.6893.33+1.83CF ahead
2024-12-23101.0293.27+1.80CF ahead
2024-12-20101.1893.50+1.81CF ahead
2024-12-1999.8092.37+1.81CF ahead
2024-12-18100.5294.21+1.71CF ahead
2024-12-17103.2097.27+1.67CF ahead
2024-12-16103.2098.34+1.58CF ahead
2024-12-13106.56101.05+1.64CF ahead
2024-12-12107.31100.52+1.78CF ahead
2024-12-11106.94100.42+1.77CF ahead
2024-12-10105.77101.82+1.55CF ahead
2024-12-09105.04102.31+1.45CF ahead
2024-12-06105.30100.52+1.66CF ahead
2024-12-05106.41100.84+1.74CF ahead
2024-12-04108.94100.78+2.00CF ahead
2024-12-03112.08102.31+2.16CF ahead
2024-12-02108.30100.19+2.05CF ahead
2024-11-29106.7597.86+2.17CF ahead
2024-11-27105.5696.67+2.21CF ahead
2024-11-26104.9496.27+2.22CF ahead
2024-11-25104.0598.15+1.96CF ahead
2024-11-22106.9198.43+2.24CF ahead
2024-11-21107.9298.30+2.38CF ahead
2024-11-20107.0596.25+2.55CF ahead
2024-11-19104.2395.55+2.38CF ahead
2024-11-18104.0495.64+2.39CF ahead
2024-11-15103.6796.88+2.25CF ahead
2024-11-14102.0897.25+2.07CF ahead
2024-11-13101.4598.18+1.92CF ahead
2024-11-12100.2798.55+1.77CF ahead
2024-11-11101.30102.41+1.47CF ahead
2024-11-0899.67101.34+1.42CF ahead
2024-11-07100.77102.64+1.42CF ahead
2024-11-0698.92103.84+1.09CF ahead
2024-11-05103.06106.19+1.31CF ahead
2024-11-04102.88106.50+1.27CF ahead
2024-11-01100.08101.43+1.52CF ahead
2024-10-3197.90100.00+1.44CF ahead
2024-10-3097.37100.59+1.33CF ahead
2024-10-2996.8799.98+1.35CF ahead
2024-10-2897.52101.41+1.27CF ahead
2024-10-2599.05100.44+1.57CF ahead
2024-10-2499.08100.25+1.61CF ahead
2024-10-23100.21100.19+1.77CF ahead
2024-10-2299.88100.92+1.66CF ahead
2024-10-21100.2399.22+1.92CF ahead
2024-10-18100.00100.00+1.83CF ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 6, 2025 (CF -4.2%, NTR +2.9%); Mar 12, 2026 (CF +13.2%, NTR +5.8%); Mar 26, 2026 (CF +3.5%, NTR -3.8%). Upcoming earnings: CF Nov 4, 2026 (after-hours); NTR Nov 4, 2026 (after-hours).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

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

The companies

CF and NTR at a glance

CF CF Industries Holdings Inc.

Listing
NYSE · SEC CIK 1324404
Industry
Agricultural Chemicals · SIC 2870 Agricultural Chemicals
Market value
$17.9B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

NTR Nutrien Ltd.

Listing
NYSE · SEC CIK 1725964
Industry
Agricultural Chemicals · SIC 2870 Agricultural Chemicals
Market value
$33.5B
Price history
2,214 daily closes, Jan 2, 2018 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.