The Cigna Group vs Elevance Health Inc.
WatchlistCI / ELVPrices through Oct 22, 2026
Why these are rivals: #2 and #3 by market value ($93B vs $79B) in Nasdaq's "Medical Specialities" industry; SEC SIC 6324 / 6324 (same major group); #2 and #3 by market value ($93B vs $79B) with SEC SIC 6324 (Hospital & Medical Service Plans).
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: 0.46 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -1.90 (needs <= -2.873 (5% critical value))
Business leadership
CI is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | CI | ELV | Larger |
|---|---|---|---|
| 2025 | $274.9B | $199.1B | CI |
| 2024 | $247.1B | $177.0B | CI |
| 2023 | $195.3B | $171.3B | CI |
| 2022 | $180.5B | $156.6B | CI |
| 2021 | $174.1B | $138.6B | CI |
| 2020 | $160.4B | $121.9B | CI |
CI led in every year with figures for both. Market value: CI $78.9B, ELV $93.3B.
Stock leadership
ELV is ahead now
Measured against the pair's own last 252 trading days.
ELV leads CI by 0.87 standard deviations: +9.1% over its usual price ratio. 3 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| CI | +9.1% | +12.9% | +2.7% |
| ELV | +17.9% | +28.6% | +27.3% |
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: 0.46 (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: 25.66 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
CI The Cigna Group ELV Elevance Health Inc.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: CI relative to ELV, against the 252 sessions before each day. Above 0: CI ahead; below 0: ELV ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | CI index | ELV index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 94.01 | 103.37 | -0.87 | ELV ahead |
| 2026-10-21 | 90.59 | 100.78 | -0.99 | ELV ahead |
| 2026-10-20 | 91.25 | 102.18 | -1.07 | ELV ahead |
| 2026-10-19 | 88.84 | 99.87 | -1.11 | ELV ahead |
| 2026-10-16 | 89.97 | 99.42 | -0.95 | ELV ahead |
| 2026-10-15 | 88.93 | 99.46 | -1.08 | ELV ahead |
| 2026-10-14 | 86.18 | 99.38 | -1.40 | ELV ahead |
| 2026-10-13 | 84.09 | 98.72 | -1.59 | ELV ahead |
| 2026-10-12 | 84.33 | 97.99 | -1.50 | ELV ahead |
| 2026-10-09 | 84.06 | 95.81 | -1.32 | ELV ahead |
| 2026-10-08 | 83.64 | 93.08 | -1.09 | ELV ahead |
| 2026-10-07 | 82.89 | 93.86 | -1.27 | ELV ahead |
| 2026-10-06 | 81.66 | 92.88 | -1.33 | ELV ahead |
| 2026-10-05 | 80.74 | 91.58 | -1.31 | ELV ahead |
| 2026-10-02 | 80.51 | 89.71 | -1.14 | ELV ahead |
| 2026-10-01 | 79.75 | 88.60 | -1.12 | ELV ahead |
| 2026-09-30 | 80.90 | 90.26 | -1.17 | ELV ahead |
| 2026-09-29 | 81.92 | 91.17 | -1.15 | ELV ahead |
| 2026-09-28 | 80.90 | 91.60 | -1.34 | ELV ahead |
| 2026-09-25 | 80.96 | 91.95 | -1.38 | ELV ahead |
| 2026-09-24 | 79.02 | 92.45 | -1.70 | ELV ahead |
| 2026-09-23 | 79.84 | 92.52 | -1.61 | ELV ahead |
| 2026-09-22 | 81.47 | 93.42 | -1.52 | ELV ahead |
| 2026-09-21 | 81.69 | 95.02 | -1.68 | ELV ahead |
| 2026-09-18 | 81.93 | 95.40 | -1.70 | ELV ahead |
| 2026-09-17 | 82.14 | 96.17 | -1.77 | ELV ahead |
| 2026-09-16 | 83.47 | 95.77 | -1.57 | ELV ahead |
| 2026-09-15 | 85.98 | 96.93 | -1.40 | ELV ahead |
| 2026-09-14 | 86.32 | 98.48 | -1.53 | ELV ahead |
| 2026-09-11 | 83.56 | 97.20 | -1.73 | ELV ahead |
| 2026-09-10 | 83.60 | 96.70 | -1.69 | ELV ahead |
| 2026-09-09 | 82.79 | 92.14 | -1.31 | ELV ahead |
| 2026-09-08 | 82.09 | 93.31 | -1.53 | ELV ahead |
| 2026-09-04 | 84.08 | 94.60 | -1.44 | ELV ahead |
| 2026-09-03 | 85.20 | 96.29 | -1.50 | ELV ahead |
| 2026-09-02 | 84.18 | 94.21 | -1.41 | ELV ahead |
| 2026-09-01 | 84.24 | 93.56 | -1.34 | ELV ahead |
| 2026-08-31 | 82.17 | 91.13 | -1.34 | ELV ahead |
| 2026-08-28 | 83.00 | 91.56 | -1.30 | ELV ahead |
| 2026-08-27 | 82.64 | 92.65 | -1.46 | ELV ahead |
| 2026-08-26 | 83.59 | 93.45 | -1.45 | ELV ahead |
| 2026-08-25 | 83.13 | 92.59 | -1.42 | ELV ahead |
| 2026-08-24 | 83.47 | 93.47 | -1.48 | ELV ahead |
| 2026-08-21 | 82.59 | 92.98 | -1.54 | ELV ahead |
| 2026-08-20 | 81.67 | 91.99 | -1.56 | ELV ahead |
| 2026-08-19 | 82.57 | 92.50 | -1.52 | ELV ahead |
| 2026-08-18 | 82.89 | 92.46 | -1.49 | ELV ahead |
| 2026-08-17 | 81.94 | 90.59 | -1.41 | ELV ahead |
| 2026-08-14 | 84.10 | 92.93 | -1.42 | ELV ahead |
| 2026-08-13 | 82.74 | 92.44 | -1.54 | ELV ahead |
| 2026-08-12 | 82.56 | 92.66 | -1.59 | ELV ahead |
| 2026-08-11 | 81.51 | 90.62 | -1.51 | ELV ahead |
| 2026-08-10 | 82.86 | 92.32 | -1.55 | ELV ahead |
| 2026-08-07 | 84.07 | 91.51 | -1.33 | ELV ahead |
| 2026-08-06 | 81.92 | 90.86 | -1.52 | ELV ahead |
| 2026-08-05 | 80.51 | 90.82 | -1.70 | ELV ahead |
| 2026-08-04 | 81.56 | 87.75 | -1.26 | ELV ahead |
| 2026-08-03 | 83.95 | 88.86 | -1.11 | ELV ahead |
| 2026-07-31 | 83.05 | 87.25 | -1.04 | ELV ahead |
| 2026-07-30 | 85.61 | 87.38 | -0.77 | ELV ahead |
| 2026-07-29 | 88.24 | 87.28 | -0.48 | near the usual relationship |
| 2026-07-28 | 89.60 | 89.54 | -0.58 | ELV ahead |
| 2026-07-27 | 86.61 | 87.83 | -0.72 | ELV ahead |
| 2026-07-24 | 86.18 | 87.68 | -0.76 | ELV ahead |
| 2026-07-23 | 85.21 | 88.05 | -0.91 | ELV ahead |
| 2026-07-22 | 84.78 | 90.32 | -1.19 | ELV ahead |
| 2026-07-21 | 86.46 | 91.33 | -1.12 | ELV ahead |
| 2026-07-20 | 84.51 | 88.73 | -1.08 | ELV ahead |
| 2026-07-17 | 83.76 | 86.61 | -0.94 | ELV ahead |
| 2026-07-16 | 84.47 | 86.55 | -0.87 | ELV ahead |
| 2026-07-15 | 88.63 | 90.61 | -0.85 | ELV ahead |
| 2026-07-14 | 90.28 | 99.08 | -1.51 | ELV ahead |
| 2026-07-13 | 90.63 | 98.70 | -1.45 | ELV ahead |
| 2026-07-10 | 87.34 | 96.62 | -1.61 | ELV ahead |
| 2026-07-09 | 86.85 | 97.59 | -1.77 | ELV ahead |
| 2026-07-08 | 86.23 | 96.59 | -1.76 | ELV ahead |
| 2026-07-07 | 85.30 | 97.23 | -1.95 | ELV ahead |
| 2026-07-06 | 83.92 | 94.75 | -1.88 | ELV ahead |
| 2026-07-02 | 85.65 | 97.01 | -1.93 | ELV ahead |
| 2026-07-01 | 82.46 | 96.62 | -2.28 | ELV ahead |
| 2026-06-30 | 82.05 | 89.78 | -1.65 | ELV ahead |
| 2026-06-29 | 82.96 | 90.08 | -1.59 | ELV ahead |
| 2026-06-26 | 84.16 | 91.74 | -1.64 | ELV ahead |
| 2026-06-25 | 83.89 | 89.91 | -1.49 | ELV ahead |
| 2026-06-24 | 83.17 | 89.14 | -1.50 | ELV ahead |
| 2026-06-23 | 84.25 | 91.72 | -1.67 | ELV ahead |
| 2026-06-22 | 83.95 | 91.65 | -1.71 | ELV ahead |
| 2026-06-18 | 83.12 | 90.19 | -1.67 | ELV ahead |
| 2026-06-17 | 84.85 | 90.83 | -1.55 | ELV ahead |
| 2026-06-16 | 86.87 | 92.35 | -1.49 | ELV ahead |
| 2026-06-15 | 87.45 | 93.30 | -1.53 | ELV ahead |
| 2026-06-12 | 88.69 | 93.80 | -1.46 | ELV ahead |
| 2026-06-11 | 87.75 | 92.67 | -1.45 | ELV ahead |
| 2026-06-10 | 88.04 | 93.92 | -1.56 | ELV ahead |
| 2026-06-09 | 87.80 | 98.53 | -2.10 | ELV ahead |
| 2026-06-08 | 86.19 | 97.07 | -2.16 | ELV ahead |
| 2026-06-05 | 86.15 | 96.46 | -2.12 | ELV ahead |
| 2026-06-04 | 83.54 | 95.05 | -2.32 | ELV ahead |
| 2026-06-03 | 80.57 | 90.83 | -2.25 | ELV ahead |
| 2026-06-02 | 81.17 | 90.31 | -2.14 | ELV ahead |
| 2026-06-01 | 81.60 | 93.47 | -2.49 | ELV ahead |
| 2026-05-29 | 82.56 | 91.28 | -2.13 | ELV ahead |
| 2026-05-28 | 84.62 | 91.17 | -1.87 | ELV ahead |
| 2026-05-27 | 85.04 | 90.88 | -1.79 | ELV ahead |
| 2026-05-26 | 83.58 | 90.04 | -1.90 | ELV ahead |
| 2026-05-22 | 85.19 | 91.62 | -1.90 | ELV ahead |
| 2026-05-21 | 83.93 | 90.49 | -1.94 | ELV ahead |
| 2026-05-20 | 84.26 | 91.98 | -2.10 | ELV ahead |
| 2026-05-19 | 86.69 | 93.38 | -1.96 | ELV ahead |
| 2026-05-18 | 85.32 | 91.48 | -1.92 | ELV ahead |
| 2026-05-15 | 84.90 | 91.16 | -1.96 | ELV ahead |
| 2026-05-14 | 87.78 | 92.09 | -1.70 | ELV ahead |
| 2026-05-13 | 89.50 | 92.77 | -1.56 | ELV ahead |
| 2026-05-12 | 88.84 | 91.30 | -1.47 | ELV ahead |
| 2026-05-11 | 86.03 | 88.62 | -1.51 | ELV ahead |
| 2026-05-08 | 85.73 | 87.77 | -1.44 | ELV ahead |
| 2026-05-07 | 84.54 | 86.57 | -1.45 | ELV ahead |
| 2026-05-06 | 83.92 | 86.99 | -1.60 | ELV ahead |
| 2026-05-05 | 82.04 | 85.68 | -1.70 | ELV ahead |
| 2026-05-04 | 83.14 | 86.33 | -1.65 | ELV ahead |
| 2026-05-01 | 84.20 | 86.51 | -1.53 | ELV ahead |
| 2026-04-30 | 86.48 | 87.38 | -1.34 | ELV ahead |
| 2026-04-29 | 87.00 | 87.43 | -1.28 | ELV ahead |
| 2026-04-28 | 84.80 | 84.21 | -1.13 | ELV ahead |
| 2026-04-27 | 84.10 | 82.67 | -1.01 | ELV ahead |
| 2026-04-24 | 82.04 | 80.03 | -0.92 | ELV ahead |
| 2026-04-23 | 83.25 | 80.39 | -0.80 | ELV ahead |
| 2026-04-22 | 81.76 | 76.19 | -0.37 | near the usual relationship |
| 2026-04-21 | 82.35 | 76.17 | -0.27 | near the usual relationship |
| 2026-04-20 | 83.31 | 74.14 | +0.20 | near the usual relationship |
| 2026-04-17 | 82.93 | 74.99 | +0.01 | near the usual relationship |
| 2026-04-16 | 82.25 | 73.32 | +0.19 | near the usual relationship |
| 2026-04-15 | 79.95 | 72.24 | +0.03 | near the usual relationship |
| 2026-04-14 | 81.13 | 72.74 | +0.13 | near the usual relationship |
| 2026-04-13 | 81.88 | 73.37 | +0.14 | near the usual relationship |
| 2026-04-10 | 80.73 | 72.32 | +0.16 | near the usual relationship |
| 2026-04-09 | 82.87 | 73.56 | +0.27 | near the usual relationship |
| 2026-04-08 | 82.61 | 73.87 | +0.19 | near the usual relationship |
| 2026-04-07 | 81.62 | 72.39 | +0.29 | near the usual relationship |
| 2026-04-06 | 82.05 | 70.25 | +0.69 | CI ahead |
| 2026-04-02 | 80.36 | 69.81 | +0.53 | CI ahead |
| 2026-04-01 | 79.56 | 69.29 | +0.51 | CI ahead |
| 2026-03-31 | 79.39 | 67.96 | +0.71 | CI ahead |
| 2026-03-30 | 76.81 | 66.11 | +0.66 | CI ahead |
| 2026-03-27 | 77.96 | 66.48 | +0.77 | CI ahead |
| 2026-03-26 | 80.98 | 68.31 | +0.89 | CI ahead |
| 2026-03-25 | 80.46 | 68.74 | +0.76 | CI ahead |
| 2026-03-24 | 79.13 | 67.40 | +0.80 | CI ahead |
| 2026-03-23 | 77.82 | 67.14 | +0.66 | CI ahead |
| 2026-03-20 | 78.23 | 67.66 | +0.64 | CI ahead |
| 2026-03-19 | 78.74 | 67.59 | +0.73 | CI ahead |
| 2026-03-18 | 78.75 | 68.47 | +0.60 | CI ahead |
| 2026-03-17 | 78.41 | 68.66 | +0.53 | CI ahead |
| 2026-03-16 | 79.87 | 67.80 | +0.87 | CI ahead |
| 2026-03-13 | 79.52 | 67.70 | +0.85 | CI ahead |
| 2026-03-12 | 79.13 | 66.83 | +0.94 | CI ahead |
| 2026-03-11 | 77.64 | 67.27 | +0.67 | CI ahead |
| 2026-03-10 | 78.11 | 65.62 | +1.01 | CI ahead |
| 2026-03-09 | 80.26 | 65.17 | +1.39 | CI ahead |
| 2026-03-06 | 80.84 | 67.24 | +1.14 | CI ahead |
| 2026-03-05 | 83.71 | 66.50 | +1.65 | CI ahead |
| 2026-03-04 | 84.74 | 67.66 | +1.61 | CI ahead |
| 2026-03-03 | 84.50 | 65.94 | +1.89 | CI ahead |
| 2026-03-02 | 86.56 | 68.27 | +1.79 | CI ahead |
| 2026-02-27 | 86.26 | 74.29 | +0.82 | CI ahead |
| 2026-02-26 | 85.96 | 74.99 | +0.69 | CI ahead |
| 2026-02-25 | 84.65 | 76.73 | +0.27 | near the usual relationship |
| 2026-02-24 | 83.63 | 75.94 | +0.25 | near the usual relationship |
| 2026-02-23 | 84.28 | 77.97 | +0.05 | near the usual relationship |
| 2026-02-20 | 83.43 | 79.61 | -0.28 | near the usual relationship |
| 2026-02-19 | 85.10 | 80.83 | -0.23 | near the usual relationship |
| 2026-02-18 | 86.35 | 80.38 | +0.00 | near the usual relationship |
| 2026-02-17 | 86.52 | 80.04 | +0.07 | near the usual relationship |
| 2026-02-13 | 86.74 | 80.51 | +0.04 | near the usual relationship |
| 2026-02-12 | 85.60 | 78.01 | +0.24 | near the usual relationship |
| 2026-02-11 | 87.72 | 76.67 | +0.70 | CI ahead |
| 2026-02-10 | 85.66 | 75.59 | +0.60 | CI ahead |
| 2026-02-09 | 87.62 | 76.03 | +0.79 | CI ahead |
| 2026-02-06 | 86.92 | 78.69 | +0.34 | near the usual relationship |
| 2026-02-05 | 84.68 | 77.13 | +0.28 | near the usual relationship |
| 2026-02-04 | 80.87 | 79.07 | -0.47 | near the usual relationship |
| 2026-02-03 | 81.96 | 78.62 | -0.26 | near the usual relationship |
| 2026-02-02 | 80.82 | 79.35 | -0.50 | ELV ahead |
| 2026-01-30 | 81.58 | 80.26 | -0.52 | ELV ahead |
| 2026-01-29 | 80.74 | 80.55 | -0.66 | ELV ahead |
| 2026-01-28 | 81.07 | 79.36 | -0.46 | near the usual relationship |
| 2026-01-27 | 80.38 | 74.96 | +0.05 | near the usual relationship |
| 2026-01-26 | 83.46 | 87.50 | -1.17 | ELV ahead |
| 2026-01-23 | 83.10 | 86.14 | -1.05 | ELV ahead |
| 2026-01-22 | 83.45 | 86.41 | -1.03 | ELV ahead |
| 2026-01-21 | 81.82 | 85.86 | -1.17 | ELV ahead |
| 2026-01-20 | 80.73 | 85.21 | -1.23 | ELV ahead |
| 2026-01-16 | 81.01 | 87.02 | -1.41 | ELV ahead |
| 2026-01-15 | 82.72 | 88.66 | -1.39 | ELV ahead |
| 2026-01-14 | 80.65 | 86.55 | -1.40 | ELV ahead |
| 2026-01-13 | 80.90 | 86.05 | -1.31 | ELV ahead |
| 2026-01-12 | 82.15 | 87.05 | -1.27 | ELV ahead |
| 2026-01-09 | 83.02 | 86.55 | -1.10 | ELV ahead |
| 2026-01-08 | 84.50 | 87.00 | -0.97 | ELV ahead |
| 2026-01-07 | 83.07 | 85.12 | -0.92 | ELV ahead |
| 2026-01-06 | 84.75 | 86.21 | -0.84 | ELV ahead |
| 2026-01-05 | 84.51 | 84.39 | -0.64 | ELV ahead |
| 2026-01-02 | 83.07 | 82.24 | -0.55 | ELV ahead |
| 2025-12-31 | 81.91 | 81.38 | -0.58 | ELV ahead |
| 2025-12-30 | 82.29 | 80.97 | -0.48 | near the usual relationship |
| 2025-12-29 | 82.15 | 80.87 | -0.49 | near the usual relationship |
| 2025-12-26 | 82.29 | 81.22 | -0.51 | ELV ahead |
| 2025-12-24 | 81.80 | 79.69 | -0.37 | near the usual relationship |
| 2025-12-23 | 81.47 | 79.68 | -0.41 | near the usual relationship |
| 2025-12-22 | 82.02 | 79.92 | -0.37 | near the usual relationship |
| 2025-12-19 | 80.92 | 79.09 | -0.40 | near the usual relationship |
| 2025-12-18 | 81.55 | 80.00 | -0.43 | near the usual relationship |
| 2025-12-17 | 81.50 | 80.31 | -0.47 | near the usual relationship |
| 2025-12-16 | 82.18 | 81.69 | -0.56 | ELV ahead |
| 2025-12-15 | 82.49 | 83.73 | -0.77 | ELV ahead |
| 2025-12-12 | 81.76 | 83.36 | -0.81 | ELV ahead |
| 2025-12-11 | 81.03 | 83.62 | -0.94 | ELV ahead |
| 2025-12-10 | 78.15 | 79.17 | -0.76 | ELV ahead |
| 2025-12-09 | 78.19 | 76.56 | -0.41 | near the usual relationship |
| 2025-12-08 | 78.43 | 76.75 | -0.41 | near the usual relationship |
| 2025-12-05 | 79.00 | 76.78 | -0.34 | near the usual relationship |
| 2025-12-04 | 79.89 | 77.42 | -0.31 | near the usual relationship |
| 2025-12-03 | 80.45 | 76.78 | -0.16 | near the usual relationship |
| 2025-12-02 | 81.58 | 76.82 | -0.02 | near the usual relationship |
| 2025-12-01 | 81.42 | 76.53 | +0.00 | near the usual relationship |
| 2025-11-28 | 82.52 | 78.52 | -0.13 | near the usual relationship |
| 2025-11-26 | 82.84 | 78.58 | -0.10 | near the usual relationship |
| 2025-11-25 | 82.80 | 78.06 | -0.03 | near the usual relationship |
| 2025-11-24 | 80.79 | 76.51 | -0.08 | near the usual relationship |
| 2025-11-21 | 82.76 | 74.69 | +0.41 | near the usual relationship |
| 2025-11-20 | 80.24 | 72.89 | +0.35 | near the usual relationship |
| 2025-11-19 | 80.95 | 73.44 | +0.36 | near the usual relationship |
| 2025-11-18 | 81.13 | 75.34 | +0.13 | near the usual relationship |
| 2025-11-17 | 80.75 | 76.82 | -0.11 | near the usual relationship |
| 2025-11-14 | 80.26 | 75.64 | -0.02 | near the usual relationship |
| 2025-11-13 | 80.62 | 76.21 | -0.05 | near the usual relationship |
| 2025-11-12 | 80.54 | 76.06 | -0.04 | near the usual relationship |
| 2025-11-11 | 79.76 | 73.18 | +0.26 | near the usual relationship |
| 2025-11-10 | 76.83 | 70.52 | +0.26 | near the usual relationship |
| 2025-11-07 | 78.74 | 73.77 | +0.06 | near the usual relationship |
| 2025-11-06 | 76.30 | 72.99 | -0.15 | near the usual relationship |
| 2025-11-05 | 77.26 | 73.84 | -0.13 | near the usual relationship |
| 2025-11-04 | 78.77 | 73.50 | +0.11 | near the usual relationship |
| 2025-11-03 | 76.97 | 72.70 | -0.01 | near the usual relationship |
| 2025-10-31 | 72.74 | 73.64 | -0.70 | ELV ahead |
| 2025-10-30 | 73.54 | 74.74 | -0.74 | ELV ahead |
| 2025-10-29 | 89.02 | 78.08 | +0.74 | CI ahead |
| 2025-10-28 | 91.79 | 78.79 | +0.96 | CI ahead |
| 2025-10-27 | 92.02 | 79.51 | +0.90 | CI ahead |
| 2025-10-24 | 89.82 | 79.47 | +0.67 | CI ahead |
| 2025-10-23 | 90.79 | 80.39 | +0.67 | CI ahead |
| 2025-10-22 | 91.63 | 80.14 | +0.80 | CI ahead |
| 2025-10-21 | 91.52 | 81.19 | +0.66 | CI ahead |
| 2025-10-20 | 91.32 | 82.19 | +0.52 | CI ahead |
| 2025-10-17 | 89.07 | 80.96 | +0.43 | near the usual relationship |
| 2025-10-16 | 86.63 | 80.83 | +0.18 | near the usual relationship |
| 2025-10-15 | 87.67 | 81.13 | +0.26 | near the usual relationship |
| 2025-10-14 | 89.92 | 81.36 | +0.49 | near the usual relationship |
| 2025-10-13 | 87.92 | 81.58 | +0.25 | near the usual relationship |
| 2025-10-10 | 89.50 | 82.00 | +0.38 | near the usual relationship |
| 2025-10-09 | 91.11 | 83.14 | +0.42 | near the usual relationship |
| 2025-10-08 | 91.30 | 84.11 | +0.34 | near the usual relationship |
| 2025-10-07 | 91.41 | 82.99 | +0.48 | near the usual relationship |
| 2025-10-06 | 90.18 | 81.24 | +0.56 | CI ahead |
| 2025-10-03 | 92.56 | 81.37 | +0.80 | CI ahead |
| 2025-10-02 | 88.39 | 78.98 | +0.65 | CI ahead |
| 2025-10-01 | 86.80 | 77.22 | +0.70 | CI ahead |
| 2025-09-30 | 85.79 | 75.01 | +0.87 | CI ahead |
| 2025-09-29 | 85.31 | 74.21 | +0.92 | CI ahead |
| 2025-09-26 | 85.17 | 73.96 | +0.95 | CI ahead |
| 2025-09-25 | 84.54 | 73.52 | +0.94 | CI ahead |
| 2025-09-24 | 86.74 | 75.77 | +0.90 | CI ahead |
| 2025-09-23 | 86.33 | 75.15 | +0.94 | CI ahead |
| 2025-09-22 | 85.90 | 73.80 | +1.07 | CI ahead |
| 2025-09-19 | 86.42 | 72.83 | +1.25 | CI ahead |
| 2025-09-18 | 87.43 | 73.30 | +1.31 | CI ahead |
| 2025-09-17 | 88.27 | 71.61 | +1.61 | CI ahead |
| 2025-09-16 | 87.56 | 71.96 | +1.51 | CI ahead |
| 2025-09-15 | 88.43 | 71.25 | +1.70 | CI ahead |
| 2025-09-12 | 90.11 | 72.37 | +1.74 | CI ahead |
| 2025-09-11 | 91.03 | 73.10 | +1.76 | CI ahead |
| 2025-09-10 | 90.01 | 71.21 | +1.91 | CI ahead |
| 2025-09-09 | 89.88 | 73.15 | +1.66 | CI ahead |
| 2025-09-08 | 89.55 | 71.54 | +1.85 | CI ahead |
| 2025-09-05 | 90.87 | 72.81 | +1.83 | CI ahead |
| 2025-09-04 | 90.49 | 71.51 | +1.98 | CI ahead |
| 2025-09-03 | 89.43 | 74.65 | +1.49 | CI ahead |
| 2025-09-02 | 89.50 | 74.83 | +1.49 | CI ahead |
| 2025-08-29 | 89.54 | 73.97 | +1.61 | CI ahead |
| 2025-08-28 | 88.99 | 72.06 | +1.80 | CI ahead |
| 2025-08-27 | 89.27 | 71.92 | +1.87 | CI ahead |
| 2025-08-26 | 89.38 | 71.97 | +1.88 | CI ahead |
| 2025-08-25 | 89.51 | 72.89 | +1.80 | CI ahead |
| 2025-08-22 | 90.58 | 73.48 | +1.84 | CI ahead |
| 2025-08-21 | 89.57 | 71.87 | +1.96 | CI ahead |
| 2025-08-20 | 90.65 | 71.96 | +2.07 | CI ahead |
| 2025-08-19 | 89.91 | 72.43 | +1.96 | CI ahead |
| 2025-08-18 | 88.79 | 71.81 | +1.93 | CI ahead |
| 2025-08-15 | 88.35 | 71.86 | +1.90 | CI ahead |
| 2025-08-14 | 86.41 | 68.58 | +2.14 | CI ahead |
| 2025-08-13 | 85.45 | 68.35 | +2.09 | CI ahead |
| 2025-08-12 | 83.47 | 67.90 | +1.95 | CI ahead |
| 2025-08-11 | 82.45 | 67.50 | +1.91 | CI ahead |
| 2025-08-08 | 81.82 | 68.25 | +1.76 | CI ahead |
| 2025-08-07 | 80.65 | 65.81 | +1.97 | CI ahead |
| 2025-08-06 | 80.35 | 64.14 | +2.19 | CI ahead |
| 2025-08-05 | 80.58 | 64.17 | +2.24 | CI ahead |
| 2025-08-04 | 79.34 | 63.82 | +2.17 | CI ahead |
| 2025-08-01 | 78.04 | 63.76 | +2.05 | CI ahead |
| 2025-07-31 | 79.58 | 65.71 | +1.98 | CI ahead |
| 2025-07-30 | 88.65 | 68.15 | +2.68 | CI ahead |
| 2025-07-29 | 86.96 | 67.03 | +2.70 | CI ahead |
| 2025-07-28 | 87.02 | 66.39 | +2.85 | CI ahead |
| 2025-07-25 | 88.21 | 67.11 | +2.93 | CI ahead |
| 2025-07-24 | 87.48 | 65.10 | +3.21 | CI ahead |
| 2025-07-23 | 90.58 | 68.85 | +3.07 | CI ahead |
| 2025-07-22 | 89.30 | 65.40 | +3.53 | CI ahead |
| 2025-07-21 | 87.74 | 64.18 | +3.65 | CI ahead |
| 2025-07-18 | 88.01 | 64.32 | +3.75 | CI ahead |
| 2025-07-17 | 88.77 | 70.21 | +2.96 | CI ahead |
| 2025-07-16 | 91.02 | 79.98 | +1.84 | CI ahead |
| 2025-07-15 | 90.01 | 78.05 | +2.00 | CI ahead |
| 2025-07-14 | 90.20 | 78.94 | +1.92 | CI ahead |
| 2025-07-11 | 90.26 | 79.08 | +1.92 | CI ahead |
| 2025-07-10 | 91.90 | 80.29 | +1.97 | CI ahead |
| 2025-07-09 | 92.20 | 80.40 | +2.00 | CI ahead |
| 2025-07-08 | 92.86 | 81.12 | +2.00 | CI ahead |
| 2025-07-07 | 93.34 | 80.53 | +2.15 | CI ahead |
| 2025-07-03 | 95.16 | 80.75 | +2.35 | CI ahead |
| 2025-07-02 | 95.35 | 81.31 | +2.32 | CI ahead |
| 2025-07-01 | 99.52 | 91.87 | +1.48 | CI ahead |
| 2025-06-30 | 98.39 | 90.29 | +1.55 | CI ahead |
| 2025-06-27 | 97.12 | 88.56 | +1.63 | CI ahead |
| 2025-06-26 | 98.21 | 86.63 | +2.01 | CI ahead |
| 2025-06-25 | 94.05 | 86.79 | +1.54 | CI ahead |
| 2025-06-24 | 94.29 | 87.38 | +1.50 | CI ahead |
| 2025-06-23 | 94.34 | 86.45 | +1.64 | CI ahead |
| 2025-06-20 | 93.56 | 86.94 | +1.50 | CI ahead |
| 2025-06-18 | 93.57 | 87.26 | +1.47 | CI ahead |
| 2025-06-17 | 93.01 | 87.10 | +1.44 | CI ahead |
| 2025-06-16 | 93.58 | 87.41 | +1.48 | CI ahead |
| 2025-06-13 | 94.46 | 89.27 | +1.36 | CI ahead |
| 2025-06-12 | 93.86 | 89.66 | +1.26 | CI ahead |
| 2025-06-11 | 92.32 | 88.43 | +1.24 | CI ahead |
| 2025-06-10 | 93.34 | 89.12 | +1.28 | CI ahead |
| 2025-06-09 | 92.68 | 90.45 | +1.05 | CI ahead |
| 2025-06-06 | 92.91 | 91.32 | +0.99 | CI ahead |
| 2025-06-05 | 92.57 | 89.29 | +1.19 | CI ahead |
| 2025-06-04 | 92.30 | 88.23 | +1.30 | CI ahead |
| 2025-06-03 | 92.76 | 87.97 | +1.39 | CI ahead |
| 2025-06-02 | 93.75 | 87.53 | +1.57 | CI ahead |
| 2025-05-30 | 94.24 | 89.11 | +1.45 | CI ahead |
| 2025-05-29 | 92.87 | 88.34 | +1.40 | CI ahead |
| 2025-05-28 | 92.52 | 87.74 | +1.44 | CI ahead |
| 2025-05-27 | 93.83 | 87.28 | +1.66 | CI ahead |
| 2025-05-23 | 94.04 | 86.42 | +1.81 | CI ahead |
| 2025-05-22 | 93.06 | 89.26 | +1.36 | CI ahead |
| 2025-05-21 | 94.37 | 92.88 | +1.10 | CI ahead |
| 2025-05-20 | 96.73 | 95.76 | +1.04 | CI ahead |
| 2025-05-19 | 95.82 | 93.74 | +1.18 | CI ahead |
| 2025-05-16 | 95.52 | 93.62 | +1.17 | CI ahead |
| 2025-05-15 | 91.92 | 90.54 | +1.12 | CI ahead |
| 2025-05-14 | 90.28 | 86.89 | +1.38 | CI ahead |
| 2025-05-13 | 89.85 | 87.15 | +1.31 | CI ahead |
| 2025-05-12 | 93.97 | 96.73 | +0.68 | CI ahead |
| 2025-05-09 | 99.24 | 93.92 | +1.59 | CI ahead |
| 2025-05-08 | 99.14 | 95.73 | +1.39 | CI ahead |
| 2025-05-07 | 99.54 | 96.90 | +1.31 | CI ahead |
| 2025-05-06 | 99.35 | 96.10 | +1.39 | CI ahead |
| 2025-05-05 | 99.11 | 96.64 | +1.32 | CI ahead |
| 2025-05-02 | 99.63 | 95.17 | +1.55 | CI ahead |
| 2025-05-01 | 99.76 | 94.79 | +1.63 | CI ahead |
| 2025-04-30 | 101.20 | 97.63 | +1.48 | CI ahead |
| 2025-04-29 | 100.36 | 96.03 | +1.58 | CI ahead |
| 2025-04-28 | 99.65 | 96.07 | +1.51 | CI ahead |
| 2025-04-25 | 99.81 | 97.89 | +1.34 | CI ahead |
| 2025-04-24 | 99.91 | 99.54 | +1.17 | CI ahead |
| 2025-04-23 | 100.21 | 99.09 | +1.26 | CI ahead |
| 2025-04-22 | 100.32 | 96.55 | +1.58 | CI ahead |
| 2025-04-21 | 96.66 | 94.41 | +1.43 | CI ahead |
| 2025-04-17 | 98.25 | 98.55 | +1.14 | CI ahead |
| 2025-04-16 | 98.05 | 100.99 | +0.85 | CI ahead |
| 2025-04-15 | 97.81 | 101.62 | +0.76 | CI ahead |
| 2025-04-14 | 97.98 | 102.41 | +0.69 | CI ahead |
| 2025-04-11 | 98.27 | 102.10 | +0.77 | CI ahead |
| 2025-04-10 | 97.40 | 101.30 | +0.76 | CI ahead |
| 2025-04-09 | 95.24 | 101.14 | +0.53 | CI ahead |
| 2025-04-08 | 93.40 | 100.03 | +0.43 | near the usual relationship |
| 2025-04-07 | 93.87 | 98.23 | +0.69 | CI ahead |
| 2025-04-04 | 95.95 | 99.56 | +0.79 | CI ahead |
| 2025-04-03 | 100.73 | 105.09 | +0.73 | CI ahead |
| 2025-04-02 | 98.79 | 99.67 | +1.12 | CI ahead |
| 2025-04-01 | 98.51 | 100.44 | +1.00 | CI ahead |
| 2025-03-31 | 97.92 | 100.97 | +0.88 | CI ahead |
| 2025-03-28 | 96.74 | 100.29 | +0.83 | CI ahead |
| 2025-03-27 | 96.65 | 100.27 | +0.82 | CI ahead |
| 2025-03-26 | 95.60 | 99.94 | +0.74 | CI ahead |
| 2025-03-25 | 94.30 | 98.31 | +0.78 | CI ahead |
| 2025-03-24 | 95.36 | 99.18 | +0.81 | CI ahead |
| 2025-03-21 | 94.24 | 99.17 | +0.68 | CI ahead |
| 2025-03-20 | 95.65 | 100.81 | +0.67 | CI ahead |
| 2025-03-19 | 95.49 | 99.93 | +0.75 | CI ahead |
| 2025-03-18 | 95.96 | 101.27 | +0.66 | CI ahead |
| 2025-03-17 | 94.29 | 99.96 | +0.61 | CI ahead |
| 2025-03-14 | 93.12 | 97.72 | +0.73 | CI ahead |
| 2025-03-13 | 92.85 | 96.86 | +0.81 | CI ahead |
| 2025-03-12 | 92.57 | 95.42 | +0.95 | CI ahead |
| 2025-03-11 | 94.60 | 97.97 | +0.90 | CI ahead |
| 2025-03-10 | 97.23 | 95.07 | +1.57 | CI ahead |
| 2025-03-07 | 95.54 | 95.05 | +1.39 | CI ahead |
| 2025-03-06 | 93.94 | 93.50 | +1.39 | CI ahead |
| 2025-03-05 | 92.21 | 92.27 | +1.34 | CI ahead |
| 2025-03-04 | 91.92 | 92.22 | +1.32 | CI ahead |
| 2025-03-03 | 92.71 | 91.81 | +1.49 | CI ahead |
| 2025-02-28 | 91.92 | 92.13 | +1.36 | CI ahead |
| 2025-02-27 | 90.15 | 91.20 | +1.26 | CI ahead |
| 2025-02-26 | 90.88 | 89.64 | +1.57 | CI ahead |
| 2025-02-25 | 93.42 | 93.31 | +1.44 | CI ahead |
| 2025-02-24 | 89.59 | 89.44 | +1.46 | CI ahead |
| 2025-02-21 | 89.23 | 89.40 | +1.43 | CI ahead |
| 2025-02-20 | 89.19 | 90.65 | +1.26 | CI ahead |
| 2025-02-19 | 88.46 | 90.93 | +1.14 | CI ahead |
| 2025-02-18 | 87.72 | 88.79 | +1.33 | CI ahead |
| 2025-02-14 | 87.00 | 90.36 | +1.03 | CI ahead |
| 2025-02-13 | 89.23 | 90.91 | +1.27 | CI ahead |
| 2025-02-12 | 87.11 | 89.53 | +1.18 | CI ahead |
| 2025-02-11 | 87.87 | 90.82 | +1.12 | CI ahead |
| 2025-02-10 | 87.15 | 91.96 | +0.87 | CI ahead |
| 2025-02-07 | 85.33 | 90.87 | +0.76 | CI ahead |
| 2025-02-06 | 85.49 | 90.64 | +0.82 | CI ahead |
| 2025-02-05 | 87.29 | 93.36 | +0.72 | CI ahead |
| 2025-02-04 | 86.74 | 93.32 | +0.66 | CI ahead |
| 2025-02-03 | 87.04 | 94.04 | +0.61 | CI ahead |
| 2025-01-31 | 87.56 | 91.86 | +0.98 | CI ahead |
| 2025-01-30 | 84.22 | 92.70 | +0.40 | near the usual relationship |
| 2025-01-29 | 90.27 | 92.93 | +1.22 | CI ahead |
| 2025-01-28 | 90.13 | 94.11 | +1.05 | CI ahead |
| 2025-01-27 | 90.99 | 95.47 | +1.00 | CI ahead |
| 2025-01-24 | 87.39 | 93.08 | +0.83 | CI ahead |
| 2025-01-23 | 87.79 | 93.17 | +0.88 | CI ahead |
| 2025-01-22 | 86.02 | 90.71 | +0.96 | CI ahead |
| 2025-01-21 | 85.89 | 90.35 | +1.00 | CI ahead |
| 2025-01-17 | 84.52 | 89.44 | +0.94 | CI ahead |
| 2025-01-16 | 83.62 | 89.44 | +0.81 | CI ahead |
| 2025-01-15 | 84.70 | 90.37 | +0.85 | CI ahead |
| 2025-01-14 | 84.83 | 91.27 | +0.75 | CI ahead |
| 2025-01-13 | 84.06 | 92.04 | +0.54 | CI ahead |
| 2025-01-10 | 83.03 | 88.48 | +0.88 | CI ahead |
| 2025-01-08 | 83.13 | 88.97 | +0.83 | CI ahead |
| 2025-01-07 | 83.31 | 88.39 | +0.95 | CI ahead |
| 2025-01-06 | 83.23 | 88.13 | +0.98 | CI ahead |
| 2025-01-03 | 83.54 | 86.25 | +1.30 | CI ahead |
| 2025-01-02 | 81.69 | 84.92 | +1.22 | CI ahead |
| 2024-12-31 | 82.18 | 85.64 | +1.20 | CI ahead |
| 2024-12-30 | 81.89 | 85.61 | +1.17 | CI ahead |
| 2024-12-27 | 82.95 | 86.14 | +1.27 | CI ahead |
| 2024-12-26 | 83.80 | 86.74 | +1.32 | CI ahead |
| 2024-12-24 | 83.35 | 86.58 | +1.29 | CI ahead |
| 2024-12-23 | 83.82 | 86.10 | +1.44 | CI ahead |
| 2024-12-20 | 82.42 | 84.95 | +1.40 | CI ahead |
| 2024-12-19 | 81.79 | 85.08 | +1.30 | CI ahead |
| 2024-12-18 | 84.05 | 85.02 | +1.67 | CI ahead |
| 2024-12-17 | 79.04 | 85.03 | +0.91 | CI ahead |
| 2024-12-16 | 81.33 | 86.66 | +1.03 | CI ahead |
| 2024-12-13 | 83.89 | 88.54 | +1.16 | CI ahead |
| 2024-12-12 | 84.21 | 87.84 | +1.32 | CI ahead |
| 2024-12-11 | 87.51 | 89.50 | +1.58 | CI ahead |
| 2024-12-10 | 92.67 | 90.50 | +2.17 | CI ahead |
| 2024-12-09 | 94.99 | 91.85 | +2.30 | CI ahead |
| 2024-12-06 | 94.59 | 88.71 | +2.70 | CI ahead |
| 2024-12-05 | 96.01 | 91.23 | +2.56 | CI ahead |
| 2024-12-04 | 98.25 | 92.88 | +2.64 | CI ahead |
| 2024-12-03 | 99.67 | 94.73 | +2.60 | CI ahead |
| 2024-12-02 | 100.32 | 95.27 | +2.64 | CI ahead |
| 2024-11-29 | 100.54 | 94.47 | +2.81 | CI ahead |
| 2024-11-27 | 100.15 | 93.50 | +2.95 | CI ahead |
| 2024-11-26 | 99.70 | 93.31 | +2.98 | CI ahead |
| 2024-11-25 | 99.11 | 94.62 | +2.77 | CI ahead |
| 2024-11-22 | 97.75 | 93.45 | +2.80 | CI ahead |
| 2024-11-21 | 98.24 | 93.69 | +2.89 | CI ahead |
| 2024-11-20 | 96.25 | 92.27 | +2.87 | CI ahead |
| 2024-11-19 | 95.98 | 91.51 | +3.01 | CI ahead |
| 2024-11-18 | 95.97 | 93.02 | +2.83 | CI ahead |
| 2024-11-15 | 95.69 | 93.02 | +2.85 | CI ahead |
| 2024-11-14 | 96.39 | 94.49 | +2.78 | CI ahead |
| 2024-11-13 | 98.82 | 95.39 | +3.07 | CI ahead |
| 2024-11-12 | 101.15 | 95.86 | +3.43 | CI ahead |
| 2024-11-11 | 102.10 | 98.75 | +3.20 | CI ahead |
| 2024-11-08 | 95.17 | 98.11 | +2.26 | CI ahead |
| 2024-11-07 | 95.09 | 99.67 | +2.03 | CI ahead |
| 2024-11-06 | 93.82 | 99.57 | +1.85 | CI ahead |
| 2024-11-05 | 94.76 | 96.98 | +2.45 | CI ahead |
| 2024-11-04 | 92.95 | 97.00 | +2.16 | CI ahead |
| 2024-11-01 | 94.19 | 96.11 | +2.55 | CI ahead |
| 2024-10-31 | 93.69 | 94.19 | +2.84 | CI ahead |
| 2024-10-30 | 93.12 | 95.35 | +2.58 | CI ahead |
| 2024-10-29 | 91.74 | 95.31 | +2.36 | CI ahead |
| 2024-10-28 | 93.73 | 96.86 | +2.49 | CI ahead |
| 2024-10-25 | 94.30 | 98.72 | +2.30 | CI ahead |
| 2024-10-24 | 94.71 | 97.28 | +2.67 | CI ahead |
| 2024-10-23 | 94.51 | 96.46 | +2.83 | CI ahead |
| 2024-10-22 | 94.48 | 97.46 | +2.68 | CI ahead |
| 2024-10-21 | 95.31 | 98.02 | +2.79 | CI ahead |
| 2024-10-18 | 100.00 | 100.00 | +3.38 | CI ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jan 30, 2025 (CI -6.7%, ELV -0.2%); May 12, 2025 (CI -5.3%, ELV +3.0%); Jul 2, 2025 (CI -4.2%, ELV -11.5%); Jul 17, 2025 (CI -2.5%, ELV -12.2%); Oct 30, 2025 (CI -17.4%, ELV -4.3%); Jan 27, 2026 (CI -3.7%, ELV -14.3%). Upcoming earnings: CI Nov 5, 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)
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
CI and ELV at a glance
CI The Cigna Group
- Listing
- NYSE · SEC CIK 1739940
- Industry
- Medical Specialities · SIC 6324 Hospital & Medical Service Plans
- Market value
- $78.9B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
ELV Elevance Health Inc.
- Listing
- NYSE · SEC CIK 1156039
- Industry
- Medical Specialities · SIC 6324 Hospital & Medical Service Plans
- Market value
- $93.3B
- 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 CI and ELV
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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.
