SIC 5812 Retail-Eating Places

Chipotle Mexican Grill Inc. vs McDonald's Corporation

WatchlistCMG / MCDPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($172B vs $38B) with SEC SIC 5812 (Retail-Eating Places).

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: 0.23 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -2.44 (needs <= -2.873 (5% critical value))
Business leadership

MCD is the larger business

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

YearCMGMCDLarger
2025$11.9B$26.9BMCD
2024$11.3B$25.9BMCD
2023$9.9B$25.5BMCD
2022$8.6B$23.2BMCD
2021$7.5B$23.2BMCD
2020$6.0B$19.2BMCD

MCD led in every year with figures for both. Market value: CMG $37.8B, MCD $171.7B.

Stock leadership

MCD is ahead now

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

MCD leads CMG by 0.70 standard deviations: +7.0% over its usual price ratio. 2 lead switches in the last year.

Price change3 mo6 mo12 mo
CMG-11.5%-17.0%-33.6%
MCD-4.6%-16.5%-17.8%
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: 0.23 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.44 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 15.64 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CMG Chipotle Mexican Grill Inc. MCD McDonald's CorporationPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
6080100Oct 2024Oct 2025Oct 2026CMG 47MCD 80
Spread z-score: CMG relative to MCD, against the 252 sessions before each day. Above 0: CMG ahead; below 0: MCD ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCMG indexMCD indexzAhead
2026-10-2247.3879.80-0.70MCD ahead
2026-10-2147.3577.79-0.45near the usual relationship
2026-10-2049.9277.87+0.08near the usual relationship
2026-10-1950.2676.66+0.30near the usual relationship
2026-10-1650.3376.75+0.30near the usual relationship
2026-10-1551.4976.60+0.54CMG ahead
2026-10-1451.3975.28+0.69CMG ahead
2026-10-1351.1074.49+0.74CMG ahead
2026-10-1251.1974.44+0.76CMG ahead
2026-10-0953.1974.31+1.15CMG ahead
2026-10-0855.0374.84+1.42CMG ahead
2026-10-0751.8172.93+1.07CMG ahead
2026-10-0652.0373.43+1.04CMG ahead
2026-10-0551.9473.62+1.00CMG ahead
2026-10-0254.4973.25+1.53CMG ahead
2026-10-0154.4273.23+1.53CMG ahead
2026-09-3053.8072.95+1.46CMG ahead
2026-09-2953.6873.91+1.31CMG ahead
2026-09-2853.6373.79+1.32CMG ahead
2026-09-2552.7574.71+1.03CMG ahead
2026-09-2453.9074.87+1.23CMG ahead
2026-09-2355.0875.28+1.39CMG ahead
2026-09-2254.9479.08+0.87CMG ahead
2026-09-2155.8078.30+1.13CMG ahead
2026-09-1856.2978.42+1.21CMG ahead
2026-09-1756.4278.49+1.23CMG ahead
2026-09-1656.7178.52+1.28CMG ahead
2026-09-1558.6579.85+1.46CMG ahead
2026-09-1462.3581.34+1.91CMG ahead
2026-09-1160.9579.77+1.89CMG ahead
2026-09-1060.8479.94+1.87CMG ahead
2026-09-0960.6780.07+1.84CMG ahead
2026-09-0862.2380.81+2.03CMG ahead
2026-09-0462.2380.77+2.05CMG ahead
2026-09-0363.2682.02+2.07CMG ahead
2026-09-0264.8682.43+2.31CMG ahead
2026-09-0163.1682.48+2.03CMG ahead
2026-08-3164.0383.25+2.09CMG ahead
2026-08-2864.0383.71+2.04CMG ahead
2026-08-2762.6782.15+2.02CMG ahead
2026-08-2662.8784.32+1.78CMG ahead
2026-08-2563.0284.69+1.76CMG ahead
2026-08-2464.0286.09+1.75CMG ahead
2026-08-2162.1385.59+1.49CMG ahead
2026-08-2059.4285.02+1.07CMG ahead
2026-08-1958.3684.49+0.93CMG ahead
2026-08-1856.1784.34+0.53CMG ahead
2026-08-1756.8483.88+0.71CMG ahead
2026-08-1456.4186.19+0.33near the usual relationship
2026-08-1354.9186.00+0.06near the usual relationship
2026-08-1254.9687.09-0.07near the usual relationship
2026-08-1153.8886.60-0.23near the usual relationship
2026-08-1054.1286.47-0.17near the usual relationship
2026-08-0755.2186.71+0.00near the usual relationship
2026-08-0656.7687.27+0.21near the usual relationship
2026-08-0558.0986.56+0.53CMG ahead
2026-08-0456.9584.77+0.53CMG ahead
2026-08-0363.0783.79+1.69CMG ahead
2026-07-3162.6785.49+1.41CMG ahead
2026-07-3064.8684.80+1.84CMG ahead
2026-07-2957.6585.77+0.52CMG ahead
2026-07-2856.4286.25+0.23near the usual relationship
2026-07-2755.9085.50+0.22near the usual relationship
2026-07-2453.5383.64-0.01near the usual relationship
2026-07-2353.9083.02+0.11near the usual relationship
2026-07-2254.2283.26+0.12near the usual relationship
2026-07-2156.1083.37+0.40near the usual relationship
2026-07-2055.7884.55+0.21near the usual relationship
2026-07-1757.9984.57+0.52CMG ahead
2026-07-1657.5986.38+0.26near the usual relationship
2026-07-1558.3183.70+0.60CMG ahead
2026-07-1461.3484.96+0.86CMG ahead
2026-07-1361.6886.12+0.77CMG ahead
2026-07-1059.3586.75+0.39near the usual relationship
2026-07-0958.2687.34+0.18near the usual relationship
2026-07-0856.2987.90-0.13near the usual relationship
2026-07-0757.8489.15-0.05near the usual relationship
2026-07-0657.2288.29-0.07near the usual relationship
2026-07-0259.5988.65+0.17near the usual relationship
2026-07-0158.9385.11+0.36near the usual relationship
2026-06-3057.2585.39+0.13near the usual relationship
2026-06-2955.5184.40-0.01near the usual relationship
2026-06-2656.1485.22-0.01near the usual relationship
2026-06-2554.3583.57-0.10near the usual relationship
2026-06-2453.3686.52-0.44near the usual relationship
2026-06-2352.1185.82-0.54MCD ahead
2026-06-2251.4285.32-0.59MCD ahead
2026-06-1854.7188.01-0.41near the usual relationship
2026-06-1753.6589.66-0.65MCD ahead
2026-06-1654.9190.96-0.60MCD ahead
2026-06-1555.1190.38-0.55MCD ahead
2026-06-1254.2789.97-0.62MCD ahead
2026-06-1152.6289.96-0.81MCD ahead
2026-06-1051.2289.25-0.92MCD ahead
2026-06-0950.3189.16-1.03MCD ahead
2026-06-0849.2887.75-1.06MCD ahead
2026-06-0549.4088.40-1.10MCD ahead
2026-06-0447.4586.15-1.19MCD ahead
2026-06-0348.3986.33-1.10MCD ahead
2026-06-0249.2787.30-1.07MCD ahead
2026-06-0151.4487.22-0.82MCD ahead
2026-05-2953.6588.20-0.65MCD ahead
2026-05-2854.5987.81-0.53MCD ahead
2026-05-2755.0488.74-0.55MCD ahead
2026-05-2654.4088.22-0.59MCD ahead
2026-05-2255.3889.17-0.55MCD ahead
2026-05-2155.2389.77-0.61MCD ahead
2026-05-2055.5088.54-0.51MCD ahead
2026-05-1955.6388.70-0.52MCD ahead
2026-05-1856.8389.23-0.44near the usual relationship
2026-05-1554.9887.31-0.51MCD ahead
2026-05-1454.0386.86-0.58MCD ahead
2026-05-1354.0787.09-0.60MCD ahead
2026-05-1255.0186.82-0.49near the usual relationship
2026-05-1153.7586.75-0.62MCD ahead
2026-05-0854.7187.11-0.55MCD ahead
2026-05-0756.0289.62-0.58MCD ahead
2026-05-0655.1389.75-0.68MCD ahead
2026-05-0554.4090.08-0.78MCD ahead
2026-05-0453.8589.75-0.83MCD ahead
2026-05-0155.5390.55-0.71MCD ahead
2026-04-3057.2392.74-0.68MCD ahead
2026-04-2955.5591.64-0.79MCD ahead
2026-04-2855.3592.36-0.86MCD ahead
2026-04-2756.6491.68-0.70MCD ahead
2026-04-2457.6094.57-0.78MCD ahead
2026-04-2357.0895.57-0.90MCD ahead
2026-04-2259.1294.79-0.66MCD ahead
2026-04-2160.7095.35-0.56MCD ahead
2026-04-2060.3396.96-0.69MCD ahead
2026-04-1760.3398.36-0.77MCD ahead
2026-04-1659.0796.97-0.82MCD ahead
2026-04-1559.3596.75-0.78MCD ahead
2026-04-1458.8095.79-0.79MCD ahead
2026-04-1358.2496.19-0.87MCD ahead
2026-04-1057.4096.56-0.98MCD ahead
2026-04-0957.6597.79-1.03MCD ahead
2026-04-0856.9096.98-1.06MCD ahead
2026-04-0755.6796.30-1.15MCD ahead
2026-04-0656.4197.85-1.18MCD ahead
2026-04-0255.8397.02-1.20MCD ahead
2026-04-0154.9497.07-1.30MCD ahead
2026-03-3153.9098.18-1.48MCD ahead
2026-03-3052.4797.46-1.60MCD ahead
2026-03-2751.9696.63-1.62MCD ahead
2026-03-2654.1797.59-1.46MCD ahead
2026-03-2554.7298.46-1.47MCD ahead
2026-03-2455.1697.25-1.37MCD ahead
2026-03-2356.1797.44-1.29MCD ahead
2026-03-2056.1997.56-1.30MCD ahead
2026-03-1955.4697.80-1.40MCD ahead
2026-03-1854.9699.74-1.58MCD ahead
2026-03-1757.94103.08-1.48MCD ahead
2026-03-1657.38103.19-1.55MCD ahead
2026-03-1354.76103.13-1.83MCD ahead
2026-03-1254.82102.32-1.80MCD ahead
2026-03-1157.00102.73-1.62MCD ahead
2026-03-1058.46103.59-1.54MCD ahead
2026-03-0959.42104.50-1.51MCD ahead
2026-03-0659.56103.63-1.46MCD ahead
2026-03-0562.40103.44-1.19MCD ahead
2026-03-0461.81104.80-1.33MCD ahead
2026-03-0362.18104.93-1.31MCD ahead
2026-03-0261.78105.77-1.41MCD ahead
2026-02-2762.67107.74-1.44MCD ahead
2026-02-2664.07105.68-1.21MCD ahead
2026-02-2563.14105.20-1.28MCD ahead
2026-02-2461.44105.21-1.45MCD ahead
2026-02-2361.64105.69-1.47MCD ahead
2026-02-2063.21104.00-1.25MCD ahead
2026-02-1963.93103.33-1.15MCD ahead
2026-02-1865.20103.58-1.06MCD ahead
2026-02-1763.78103.49-1.19MCD ahead
2026-02-1361.12103.48-1.44MCD ahead
2026-02-1260.35104.90-1.61MCD ahead
2026-02-1162.67102.10-1.25MCD ahead
2026-02-1064.72102.97-1.12MCD ahead
2026-02-0966.66102.86-0.95MCD ahead
2026-02-0666.32103.35-1.01MCD ahead
2026-02-0564.74102.19-1.09MCD ahead
2026-02-0467.23102.25-0.89MCD ahead
2026-02-0365.95100.92-0.93MCD ahead
2026-02-0264.84100.62-1.01MCD ahead
2026-01-3065.4599.51-0.91MCD ahead
2026-01-2965.8499.67-0.89MCD ahead
2026-01-2865.9498.81-0.84MCD ahead
2026-01-2766.7699.23-0.80MCD ahead
2026-01-2666.8898.86-0.78MCD ahead
2026-01-2368.8297.69-0.57MCD ahead
2026-01-2268.2696.67-0.56MCD ahead
2026-01-2168.5696.57-0.54MCD ahead
2026-01-2065.6795.67-0.72MCD ahead
2026-01-1667.2897.12-0.68MCD ahead
2026-01-1567.9697.49-0.65MCD ahead
2026-01-1468.3497.34-0.62MCD ahead
2026-01-1366.3697.75-0.80MCD ahead
2026-01-1267.9296.90-0.64MCD ahead
2026-01-0967.5497.08-0.69MCD ahead
2026-01-0865.9797.57-0.84MCD ahead
2026-01-0765.4596.08-0.81MCD ahead
2026-01-0665.0395.64-0.83MCD ahead
2026-01-0564.4094.72-0.83MCD ahead
2026-01-0263.1395.80-1.00MCD ahead
2025-12-3162.3096.55-1.11MCD ahead
2025-12-3062.3797.31-1.16MCD ahead
2025-12-2962.5497.46-1.16MCD ahead
2025-12-2663.6698.14-1.11MCD ahead
2025-12-2463.8298.98-1.15MCD ahead
2025-12-2363.6398.19-1.13MCD ahead
2025-12-2263.8599.89-1.21MCD ahead
2025-12-1963.3899.77-1.25MCD ahead
2025-12-1863.36100.98-1.32MCD ahead
2025-12-1762.30100.67-1.40MCD ahead
2025-12-1660.0499.35-1.52MCD ahead
2025-12-1560.52100.69-1.56MCD ahead
2025-12-1260.85100.05-1.51MCD ahead
2025-12-1158.7197.84-1.59MCD ahead
2025-12-1057.1598.10-1.75MCD ahead
2025-12-0956.7998.18-1.80MCD ahead
2025-12-0856.5997.86-1.82MCD ahead
2025-12-0557.1598.32-1.81MCD ahead
2025-12-0457.5097.47-1.76MCD ahead
2025-12-0357.1397.20-1.79MCD ahead
2025-12-0257.4895.00-1.66MCD ahead
2025-12-0157.6595.90-1.71MCD ahead
2025-11-2858.1298.50-1.82MCD ahead
2025-11-2657.3098.69-1.92MCD ahead
2025-11-2556.2498.07-2.01MCD ahead
2025-11-2452.5296.32-2.29MCD ahead
2025-11-2153.2697.72-2.32MCD ahead
2025-11-2051.1096.08-2.49MCD ahead
2025-11-1952.2095.63-2.39MCD ahead
2025-11-1851.7996.22-2.50MCD ahead
2025-11-1751.4196.32-2.59MCD ahead
2025-11-1453.1696.99-2.48MCD ahead
2025-11-1352.8497.16-2.57MCD ahead
2025-11-1252.7496.96-2.61MCD ahead
2025-11-1150.1996.93-2.94MCD ahead
2025-11-1051.3294.48-2.72MCD ahead
2025-11-0751.5194.66-2.76MCD ahead
2025-11-0651.4694.27-2.79MCD ahead
2025-11-0553.8396.56-2.72MCD ahead
2025-11-0453.4494.52-2.69MCD ahead
2025-11-0353.0693.62-2.72MCD ahead
2025-10-3153.3694.27-2.78MCD ahead
2025-10-3054.7795.54-2.75MCD ahead
2025-10-2966.9595.51-1.52MCD ahead
2025-10-2867.7996.79-1.54MCD ahead
2025-10-2769.1497.93-1.50MCD ahead
2025-10-2469.3696.60-1.41MCD ahead
2025-10-2370.3896.97-1.35MCD ahead
2025-10-2270.0697.96-1.46MCD ahead
2025-10-2171.3397.13-1.31MCD ahead
2025-10-2070.1097.22-1.43MCD ahead
2025-10-1770.4897.32-1.42MCD ahead
2025-10-1670.3196.45-1.39MCD ahead
2025-10-1570.3396.43-1.40MCD ahead
2025-10-1470.8996.21-1.34MCD ahead
2025-10-1368.8794.80-1.45MCD ahead
2025-10-1067.0593.82-1.57MCD ahead
2025-10-0968.8592.81-1.34MCD ahead
2025-10-0869.0093.00-1.35MCD ahead
2025-10-0768.9593.61-1.41MCD ahead
2025-10-0670.1093.52-1.31MCD ahead
2025-10-0370.3195.08-1.41MCD ahead
2025-10-0267.8194.73-1.64MCD ahead
2025-10-0165.6294.93-1.89MCD ahead
2025-09-3065.9996.00-1.95MCD ahead
2025-09-2967.1895.71-1.83MCD ahead
2025-09-2667.4996.42-1.87MCD ahead
2025-09-2566.2295.50-1.95MCD ahead
2025-09-2466.5996.14-1.98MCD ahead
2025-09-2366.8195.78-1.96MCD ahead
2025-09-2267.5795.71-1.90MCD ahead
2025-09-1966.2195.52-2.05MCD ahead
2025-09-1867.0395.13-1.96MCD ahead
2025-09-1766.8096.34-2.10MCD ahead
2025-09-1666.1795.81-2.16MCD ahead
2025-09-1564.9695.42-2.29MCD ahead
2025-09-1265.0496.47-2.40MCD ahead
2025-09-1165.6097.43-2.45MCD ahead
2025-09-1065.1896.65-2.47MCD ahead
2025-09-0966.4498.72-2.53MCD ahead
2025-09-0866.7698.81-2.54MCD ahead
2025-09-0569.1499.31-2.35MCD ahead
2025-09-0469.73100.14-2.39MCD ahead
2025-09-0370.3799.95-2.34MCD ahead
2025-09-0270.3099.75-2.37MCD ahead
2025-08-2970.9599.05-2.27MCD ahead
2025-08-2871.4198.63-2.21MCD ahead
2025-08-2771.8198.38-2.18MCD ahead
2025-08-2671.5998.86-2.27MCD ahead
2025-08-2571.9899.01-2.28MCD ahead
2025-08-2273.4899.21-2.15MCD ahead
2025-08-2172.2598.94-2.30MCD ahead
2025-08-2072.5298.90-2.30MCD ahead
2025-08-1972.8298.22-2.24MCD ahead
2025-08-1873.0497.52-2.18MCD ahead
2025-08-1574.1597.59-2.08MCD ahead
2025-08-1472.6997.60-2.29MCD ahead
2025-08-1373.2196.37-2.14MCD ahead
2025-08-1272.1295.29-2.20MCD ahead
2025-08-1170.0896.15-2.58MCD ahead
2025-08-0869.7896.49-2.70MCD ahead
2025-08-0771.8897.27-2.55MCD ahead
2025-08-0671.8897.19-2.58MCD ahead
2025-08-0571.7894.38-2.36MCD ahead
2025-08-0472.2096.11-2.51MCD ahead
2025-08-0171.5995.68-2.59MCD ahead
2025-07-3172.2094.79-2.46MCD ahead
2025-07-3073.6895.91-2.41MCD ahead
2025-07-2974.7395.61-2.27MCD ahead
2025-07-2875.5394.52-2.08MCD ahead
2025-07-2578.7394.29-1.65MCD ahead
2025-07-2477.0293.03-1.76MCD ahead
2025-07-2388.8794.17-0.44near the usual relationship
2025-07-2288.2094.51-0.55MCD ahead
2025-07-2188.3393.42-0.43near the usual relationship
2025-07-1890.8193.84-0.20near the usual relationship
2025-07-1790.1594.89-0.39near the usual relationship
2025-07-1689.8894.42-0.38near the usual relationship
2025-07-1590.8494.65-0.30near the usual relationship
2025-07-1492.3195.36-0.23near the usual relationship
2025-07-1194.2994.74+0.03near the usual relationship
2025-07-1094.9894.26+0.14near the usual relationship
2025-07-0994.1992.56+0.22near the usual relationship
2025-07-0893.3792.14+0.17near the usual relationship
2025-07-0793.3892.72+0.10near the usual relationship
2025-07-0396.0992.90+0.33near the usual relationship
2025-07-0295.5993.07+0.25near the usual relationship
2025-07-0198.0693.98+0.38near the usual relationship
2025-06-3094.5492.30+0.21near the usual relationship
2025-06-2792.6992.10+0.04near the usual relationship
2025-06-2691.3890.23+0.09near the usual relationship
2025-06-2592.8490.20+0.21near the usual relationship
2025-06-2492.0292.07-0.04near the usual relationship
2025-06-2390.5591.46-0.13near the usual relationship
2025-06-2088.8790.81-0.23near the usual relationship
2025-06-1887.2791.49-0.44near the usual relationship
2025-06-1786.5192.34-0.59MCD ahead
2025-06-1688.4793.60-0.53MCD ahead
2025-06-1384.5995.37-1.03MCD ahead
2025-06-1285.6995.77-0.96MCD ahead
2025-06-1187.2095.31-0.80MCD ahead
2025-06-1085.2394.90-0.95MCD ahead
2025-06-0986.0996.28-0.99MCD ahead
2025-06-0688.4097.09-0.86MCD ahead
2025-06-0588.5797.61-0.89MCD ahead
2025-06-0487.8398.42-1.02MCD ahead
2025-06-0384.3198.68-1.35MCD ahead
2025-06-0283.9298.77-1.40MCD ahead
2025-05-3084.3299.14-1.40MCD ahead
2025-05-2983.7398.52-1.42MCD ahead
2025-05-2884.3198.82-1.40MCD ahead
2025-05-2785.8699.49-1.33MCD ahead
2025-05-2385.2599.37-1.38MCD ahead
2025-05-2285.5099.29-1.36MCD ahead
2025-05-2185.5299.96-1.42MCD ahead
2025-05-2086.66101.02-1.41MCD ahead
2025-05-1988.01101.48-1.34MCD ahead
2025-05-1688.10100.65-1.29MCD ahead
2025-05-1587.6299.34-1.24MCD ahead
2025-05-1487.9697.14-1.06MCD ahead
2025-05-1385.2897.51-1.32MCD ahead
2025-05-1285.4798.53-1.39MCD ahead
2025-05-0983.7299.09-1.60MCD ahead
2025-05-0886.6399.03-1.35MCD ahead
2025-05-0786.95100.50-1.45MCD ahead
2025-05-0684.80100.07-1.61MCD ahead
2025-05-0584.2199.73-1.66MCD ahead
2025-05-0286.8298.55-1.35MCD ahead
2025-05-0184.7399.08-1.59MCD ahead
2025-04-3085.06100.98-1.72MCD ahead
2025-04-2985.2899.35-1.59MCD ahead
2025-04-2885.70100.08-1.63MCD ahead
2025-04-2587.19100.06-1.51MCD ahead
2025-04-2483.4199.89-1.85MCD ahead
2025-04-2382.10100.61-2.05MCD ahead
2025-04-2279.31100.80-2.36MCD ahead
2025-04-2178.3597.52-2.24MCD ahead
2025-04-1781.1198.34-2.06MCD ahead
2025-04-1680.9697.64-2.04MCD ahead
2025-04-1582.1798.71-2.03MCD ahead
2025-04-1483.2899.85-2.04MCD ahead
2025-04-1183.7997.90-1.86MCD ahead
2025-04-1084.6496.91-1.71MCD ahead
2025-04-0985.7696.02-1.55MCD ahead
2025-04-0877.4294.72-2.30MCD ahead
2025-04-0778.5894.73-2.21MCD ahead
2025-04-0479.6394.80-2.14MCD ahead
2025-04-0384.32100.54-2.18MCD ahead
2025-04-0287.5998.43-1.69MCD ahead
2025-04-0187.0099.07-1.83MCD ahead
2025-03-3184.5498.68-2.06MCD ahead
2025-03-2884.0497.01-1.99MCD ahead
2025-03-2785.7498.78-2.00MCD ahead
2025-03-2684.3199.06-2.20MCD ahead
2025-03-2583.3696.95-2.14MCD ahead
2025-03-2483.5296.56-2.11MCD ahead
2025-03-2181.7196.49-2.33MCD ahead
2025-03-2082.5196.98-2.32MCD ahead
2025-03-1982.4996.95-2.36MCD ahead
2025-03-1880.4795.91-2.52MCD ahead
2025-03-1783.6096.02-2.20MCD ahead
2025-03-1484.2494.72-2.01MCD ahead
2025-03-1382.0593.98-2.21MCD ahead
2025-03-1284.2794.58-2.03MCD ahead
2025-03-1184.1696.90-2.30MCD ahead
2025-03-1083.90100.22-2.69MCD ahead
2025-03-0784.58101.49-2.78MCD ahead
2025-03-0686.6698.04-2.21MCD ahead
2025-03-0590.2597.12-1.72MCD ahead
2025-03-0489.5396.59-1.76MCD ahead
2025-03-0391.4896.12-1.49MCD ahead
2025-02-2890.8797.40-1.70MCD ahead
2025-02-2788.8097.91-1.99MCD ahead
2025-02-2689.9596.12-1.67MCD ahead
2025-02-2588.3598.16-2.08MCD ahead
2025-02-2486.2397.16-2.23MCD ahead
2025-02-2186.7396.29-2.09MCD ahead
2025-02-2089.3295.73-1.73MCD ahead
2025-02-1990.5995.38-1.55MCD ahead
2025-02-1891.7596.29-1.52MCD ahead
2025-02-1496.1197.47-1.16MCD ahead
2025-02-1397.8897.93-1.02MCD ahead
2025-02-1296.4697.17-1.09MCD ahead
2025-02-1194.6097.99-1.37MCD ahead
2025-02-1097.3297.43-1.02MCD ahead
2025-02-0796.4392.97-0.63MCD ahead
2025-02-0696.5192.99-0.61MCD ahead
2025-02-0596.8391.24-0.38near the usual relationship
2025-02-0499.3891.54-0.14near the usual relationship
2025-02-0398.2791.63-0.25near the usual relationship
2025-01-3198.2591.20-0.20near the usual relationship
2025-01-3099.3391.71-0.14near the usual relationship
2025-01-2998.1191.64-0.23near the usual relationship
2025-01-2897.3791.97-0.33near the usual relationship
2025-01-2798.1692.59-0.30near the usual relationship
2025-01-2495.4790.18-0.30near the usual relationship
2025-01-2396.9289.85-0.12near the usual relationship
2025-01-2294.1288.88-0.27near the usual relationship
2025-01-2194.6389.28-0.25near the usual relationship
2025-01-1796.8588.75+0.01near the usual relationship
2025-01-1698.2788.37+0.18near the usual relationship
2025-01-1596.6089.18-0.03near the usual relationship
2025-01-1495.0388.95-0.14near the usual relationship
2025-01-1394.7389.60-0.22near the usual relationship
2025-01-1095.1389.18-0.13near the usual relationship
2025-01-0897.5290.63-0.05near the usual relationship
2025-01-0797.6491.40-0.10near the usual relationship
2025-01-0699.0192.30-0.06near the usual relationship
2025-01-03100.5293.12+0.00near the usual relationship
2025-01-02100.8492.40+0.10near the usual relationship
2024-12-31101.5391.58+0.23near the usual relationship
2024-12-30101.1891.48+0.22near the usual relationship
2024-12-27102.3492.75+0.21near the usual relationship
2024-12-26103.5093.13+0.27near the usual relationship
2024-12-24104.8092.87+0.39near the usual relationship
2024-12-23103.6992.02+0.39near the usual relationship
2024-12-20104.1892.46+0.39near the usual relationship
2024-12-19103.9691.68+0.44near the usual relationship
2024-12-18103.2891.89+0.39near the usual relationship
2024-12-17108.2593.53+0.61CMG ahead
2024-12-16109.1194.05+0.63CMG ahead
2024-12-13108.7693.69+0.64CMG ahead
2024-12-12111.4093.70+0.82CMG ahead
2024-12-11110.4193.54+0.78CMG ahead
2024-12-10109.1694.99+0.59CMG ahead
2024-12-09108.7495.20+0.55CMG ahead
2024-12-06110.1294.45+0.70CMG ahead
2024-12-05109.8294.60+0.68CMG ahead
2024-12-04107.5893.22+0.64CMG ahead
2024-12-03102.6193.03+0.33near the usual relationship
2024-12-02101.9492.38+0.34near the usual relationship
2024-11-29103.5993.51+0.37near the usual relationship
2024-11-27104.4893.21+0.46near the usual relationship
2024-11-26105.5993.61+0.51CMG ahead
2024-11-25104.3993.57+0.44near the usual relationship
2024-11-22104.4191.70+0.59CMG ahead
2024-11-21100.9991.13+0.41near the usual relationship
2024-11-2099.1491.90+0.23near the usual relationship
2024-11-1998.8991.84+0.23near the usual relationship
2024-11-1899.0291.96+0.23near the usual relationship
2024-11-1598.7292.44+0.18near the usual relationship
2024-11-14100.8894.31+0.20near the usual relationship
2024-11-1399.8093.93+0.16near the usual relationship
2024-11-12101.8594.34+0.27near the usual relationship
2024-11-1199.8095.25+0.08near the usual relationship
2024-11-0899.0294.44+0.09near the usual relationship
2024-11-0798.0193.08+0.12near the usual relationship
2024-11-0697.1492.87+0.08near the usual relationship
2024-11-0594.6093.92-0.16near the usual relationship
2024-11-0494.9392.51-0.03near the usual relationship
2024-11-0198.6593.26+0.17near the usual relationship
2024-10-3193.9092.28-0.07near the usual relationship
2024-10-3093.8492.09-0.05near the usual relationship
2024-10-29101.8593.19+0.40near the usual relationship
2024-10-28102.0493.75+0.38near the usual relationship
2024-10-25100.0892.43+0.35near the usual relationship
2024-10-24100.0895.27+0.17near the usual relationship
2024-10-2399.3894.32+0.20near the usual relationship
2024-10-22100.8399.41-0.03near the usual relationship
2024-10-21100.5299.47-0.05near the usual relationship
2024-10-18100.00100.00-0.10near the usual relationship

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 9, 2025 (CMG +10.8%, MCD +1.4%); Jul 24, 2025 (CMG -13.3%, MCD -1.2%); Oct 30, 2025 (CMG -18.2%, MCD +0.0%); Jul 30, 2026 (CMG +12.5%, MCD -1.1%); Aug 4, 2026 (CMG -9.7%, MCD +1.2%). Upcoming earnings: CMG Oct 28, 2026 (after-hours); MCD Nov 4, 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

CMG and MCD at a glance

CMG Chipotle Mexican Grill Inc.

Listing
NYSE · SEC CIK 1058090
Industry
Restaurants · SIC 5812 Retail-Eating Places
Market value
$37.8B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

MCD McDonald's Corporation

Listing
NYSE · SEC CIK 63908
Industry
Restaurants · SIC 5812 Retail-Eating Places
Market value
$171.7B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
YUM / CMGWatchlistYUM by 2.50 sdSIC 5812 Retail-Eating Places
MCD / YUMWatchlistYUM by 1.89 sdRestaurants
MCD / SBUXWatchlistSBUX by 1.30 sdRestaurants

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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.