SIC 5812 Retail-Eating Places

Chipotle Mexican Grill Inc. vs Yum! Brands Inc.

WatchlistCMG / YUMPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($41B 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: 0.33 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -2.79 (needs <= -2.873 (5% critical value))
Business leadership

CMG is the larger business

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

YearCMGYUMLarger
2025$11.9B$8.2BCMG
2024$11.3B$7.5BCMG
2023$9.9B$7.1BCMG
2022$8.6B$6.8BCMG
2021$7.5B$6.6BCMG
2020$6.0B$5.7BCMG

Revenue lead switched: 2020 to CMG. Market value: CMG $37.8B, YUM $40.9B.

Stock leadership

YUM is ahead now

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

YUM leads CMG by 2.50 standard deviations: +23.9% over its usual price ratio. 4 lead switches in the last year.

Price change3 mo6 mo12 mo
CMG-11.5%-17.0%-33.6%
YUM+3.7%-3.9%+4.0%
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: 0.33 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.79 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 12.30 (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. YUM Yum! Brands Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
50100Oct 2024Oct 2025Oct 2026CMG 47YUM 115
Spread z-score: CMG relative to YUM, against the 252 sessions before each day. Above 0: CMG ahead; below 0: YUM ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCMG indexYUM indexzAhead
2026-10-2247.38115.03-2.50YUM ahead
2026-10-2147.35112.64-2.28YUM ahead
2026-10-2049.92112.91-1.69YUM ahead
2026-10-1950.26111.59-1.48YUM ahead
2026-10-1650.33112.10-1.51YUM ahead
2026-10-1551.49112.33-1.28YUM ahead
2026-10-1451.39109.25-0.99YUM ahead
2026-10-1351.10109.53-1.09YUM ahead
2026-10-1251.19109.29-1.05YUM ahead
2026-10-0953.19107.86-0.50YUM ahead
2026-10-0855.03106.50-0.01near the usual relationship
2026-10-0751.81104.53-0.45near the usual relationship
2026-10-0652.03104.15-0.38near the usual relationship
2026-10-0551.94102.01-0.18near the usual relationship
2026-10-0254.49101.38+0.37near the usual relationship
2026-10-0154.42101.80+0.31near the usual relationship
2026-09-3053.80101.54+0.22near the usual relationship
2026-09-2953.68102.58+0.08near the usual relationship
2026-09-2853.63102.99+0.03near the usual relationship
2026-09-2552.75103.25-0.17near the usual relationship
2026-09-2453.90102.29+0.14near the usual relationship
2026-09-2355.08104.74+0.11near the usual relationship
2026-09-2254.94104.05+0.14near the usual relationship
2026-09-2155.80103.77+0.32near the usual relationship
2026-09-1856.29102.77+0.50CMG ahead
2026-09-1756.42101.10+0.68CMG ahead
2026-09-1656.71102.75+0.56CMG ahead
2026-09-1558.65104.84+0.69CMG ahead
2026-09-1462.35108.98+0.91CMG ahead
2026-09-1160.95104.92+1.06CMG ahead
2026-09-1060.84107.16+0.83CMG ahead
2026-09-0960.67108.11+0.71CMG ahead
2026-09-0862.23111.35+0.66CMG ahead
2026-09-0462.23112.24+0.57CMG ahead
2026-09-0363.26113.61+0.60CMG ahead
2026-09-0264.86112.66+0.91CMG ahead
2026-09-0163.16113.23+0.60CMG ahead
2026-08-3164.03114.18+0.64CMG ahead
2026-08-2864.03114.59+0.59CMG ahead
2026-08-2762.67112.27+0.57CMG ahead
2026-08-2662.87115.00+0.37near the usual relationship
2026-08-2563.02116.38+0.28near the usual relationship
2026-08-2464.02117.19+0.35near the usual relationship
2026-08-2162.13113.94+0.32near the usual relationship
2026-08-2059.42113.45-0.04near the usual relationship
2026-08-1958.36108.68+0.17near the usual relationship
2026-08-1856.17107.89-0.11near the usual relationship
2026-08-1756.84108.10-0.03near the usual relationship
2026-08-1456.41110.31-0.28near the usual relationship
2026-08-1354.91112.35-0.67YUM ahead
2026-08-1254.96111.97-0.64YUM ahead
2026-08-1153.88107.81-0.50YUM ahead
2026-08-1054.12108.24-0.50YUM ahead
2026-08-0755.21112.28-0.64YUM ahead
2026-08-0656.76113.41-0.50YUM ahead
2026-08-0558.09113.48-0.33near the usual relationship
2026-08-0456.95109.99-0.24near the usual relationship
2026-08-0363.07110.82+0.51CMG ahead
2026-07-3162.67114.16+0.22near the usual relationship
2026-07-3064.86116.93+0.29near the usual relationship
2026-07-2957.65113.15-0.39near the usual relationship
2026-07-2856.42111.92-0.48near the usual relationship
2026-07-2755.90110.08-0.43near the usual relationship
2026-07-2453.53110.91-0.82YUM ahead
2026-07-2353.90109.76-0.69YUM ahead
2026-07-2254.22109.91-0.66YUM ahead
2026-07-2156.10109.61-0.40near the usual relationship
2026-07-2055.78109.76-0.45near the usual relationship
2026-07-1757.99110.17-0.22near the usual relationship
2026-07-1657.59113.28-0.46near the usual relationship
2026-07-1558.31113.63-0.41near the usual relationship
2026-07-1461.34117.81-0.32near the usual relationship
2026-07-1361.68120.41-0.43near the usual relationship
2026-07-1059.35121.80-0.76YUM ahead
2026-07-0958.26120.94-0.83YUM ahead
2026-07-0856.29123.07-1.16YUM ahead
2026-07-0757.84124.74-1.08YUM ahead
2026-07-0657.22123.62-1.09YUM ahead
2026-07-0259.59122.69-0.80YUM ahead
2026-07-0158.93120.35-0.76YUM ahead
2026-06-3057.25119.06-0.87YUM ahead
2026-06-2955.51117.85-0.99YUM ahead
2026-06-2656.14116.49-0.87YUM ahead
2026-06-2554.35112.56-0.86YUM ahead
2026-06-2453.36113.96-1.04YUM ahead
2026-06-2352.11112.91-1.12YUM ahead
2026-06-2251.42112.27-1.17YUM ahead
2026-06-1854.71113.20-0.88YUM ahead
2026-06-1753.65114.75-1.07YUM ahead
2026-06-1654.91117.43-1.07YUM ahead
2026-06-1555.11115.19-0.95YUM ahead
2026-06-1254.27114.93-1.03YUM ahead
2026-06-1152.62114.15-1.17YUM ahead
2026-06-1051.22112.52-1.24YUM ahead
2026-06-0950.31112.93-1.37YUM ahead
2026-06-0849.28109.76-1.33YUM ahead
2026-06-0549.40112.36-1.46YUM ahead
2026-06-0447.45110.29-1.58YUM ahead
2026-06-0348.39110.55-1.50YUM ahead
2026-06-0249.27109.17-1.35YUM ahead
2026-06-0151.44109.86-1.16YUM ahead
2026-05-2953.65110.19-0.96YUM ahead
2026-05-2854.59111.74-0.95YUM ahead
2026-05-2755.04113.22-0.99YUM ahead
2026-05-2654.40114.70-1.12YUM ahead
2026-05-2255.38115.55-1.08YUM ahead
2026-05-2155.23114.93-1.07YUM ahead
2026-05-2055.50113.73-1.00YUM ahead
2026-05-1955.63113.35-0.98YUM ahead
2026-05-1856.83113.44-0.88YUM ahead
2026-05-1554.98111.69-0.97YUM ahead
2026-05-1454.03112.18-1.09YUM ahead
2026-05-1354.07111.54-1.07YUM ahead
2026-05-1255.01113.85-1.09YUM ahead
2026-05-1153.75111.93-1.13YUM ahead
2026-05-0854.71113.17-1.11YUM ahead
2026-05-0756.02117.11-1.17YUM ahead
2026-05-0655.13116.20-1.22YUM ahead
2026-05-0554.40114.61-1.23YUM ahead
2026-05-0453.85114.99-1.31YUM ahead
2026-05-0155.53117.94-1.29YUM ahead
2026-04-3057.23118.90-1.19YUM ahead
2026-04-2955.55119.04-1.36YUM ahead
2026-04-2855.35116.53-1.28YUM ahead
2026-04-2756.64115.57-1.13YUM ahead
2026-04-2457.60119.37-1.22YUM ahead
2026-04-2357.08119.71-1.29YUM ahead
2026-04-2259.12118.46-1.06YUM ahead
2026-04-2160.70119.42-0.98YUM ahead
2026-04-2060.33120.52-1.06YUM ahead
2026-04-1760.33121.24-1.10YUM ahead
2026-04-1659.07118.81-1.12YUM ahead
2026-04-1559.35120.61-1.18YUM ahead
2026-04-1458.80120.33-1.22YUM ahead
2026-04-1358.24120.23-1.28YUM ahead
2026-04-1057.40120.47-1.37YUM ahead
2026-04-0957.65119.75-1.33YUM ahead
2026-04-0856.90119.48-1.40YUM ahead
2026-04-0755.67116.88-1.41YUM ahead
2026-04-0656.41117.20-1.37YUM ahead
2026-04-0255.83116.25-1.39YUM ahead
2026-04-0154.94114.47-1.41YUM ahead
2026-03-3153.90115.80-1.58YUM ahead
2026-03-3052.47115.13-1.71YUM ahead
2026-03-2751.96114.66-1.76YUM ahead
2026-03-2654.17116.29-1.63YUM ahead
2026-03-2554.72118.54-1.70YUM ahead
2026-03-2455.16118.74-1.68YUM ahead
2026-03-2356.17118.08-1.57YUM ahead
2026-03-2056.19116.49-1.51YUM ahead
2026-03-1955.46116.37-1.59YUM ahead
2026-03-1854.96118.49-1.75YUM ahead
2026-03-1757.94121.91-1.64YUM ahead
2026-03-1657.38120.49-1.64YUM ahead
2026-03-1354.76119.46-1.87YUM ahead
2026-03-1254.82118.02-1.82YUM ahead
2026-03-1157.00116.63-1.55YUM ahead
2026-03-1058.46118.57-1.52YUM ahead
2026-03-0959.42119.05-1.46YUM ahead
2026-03-0659.56119.16-1.47YUM ahead
2026-03-0562.40118.14-1.16YUM ahead
2026-03-0461.81118.41-1.24YUM ahead
2026-03-0362.18119.52-1.27YUM ahead
2026-03-0261.78121.34-1.41YUM ahead
2026-02-2762.67125.24-1.52YUM ahead
2026-02-2664.07123.42-1.32YUM ahead
2026-02-2563.14123.06-1.40YUM ahead
2026-02-2461.44123.59-1.59YUM ahead
2026-02-2361.64123.97-1.61YUM ahead
2026-02-2063.21121.64-1.37YUM ahead
2026-02-1963.93121.75-1.32YUM ahead
2026-02-1865.20121.33-1.19YUM ahead
2026-02-1763.78120.05-1.27YUM ahead
2026-02-1361.12119.59-1.50YUM ahead
2026-02-1260.35121.61-1.68YUM ahead
2026-02-1162.67118.46-1.32YUM ahead
2026-02-1064.72118.31-1.14YUM ahead
2026-02-0966.66118.34-0.98YUM ahead
2026-02-0666.32121.35-1.16YUM ahead
2026-02-0564.74119.97-1.23YUM ahead
2026-02-0467.23118.84-0.97YUM ahead
2026-02-0365.95118.22-1.06YUM ahead
2026-02-0264.84116.31-1.07YUM ahead
2026-01-3065.45115.81-1.00YUM ahead
2026-01-2965.84115.80-0.97YUM ahead
2026-01-2865.94114.60-0.91YUM ahead
2026-01-2766.76114.70-0.85YUM ahead
2026-01-2666.88113.82-0.81YUM ahead
2026-01-2368.82113.93-0.67YUM ahead
2026-01-2268.26114.34-0.74YUM ahead
2026-01-2168.56115.00-0.75YUM ahead
2026-01-2065.67114.10-0.94YUM ahead
2026-01-1667.28119.36-1.05YUM ahead
2026-01-1567.96119.94-1.03YUM ahead
2026-01-1468.34117.03-0.88YUM ahead
2026-01-1366.36116.45-1.01YUM ahead
2026-01-1267.92116.87-0.92YUM ahead
2026-01-0967.54115.83-0.91YUM ahead
2026-01-0865.97114.31-0.97YUM ahead
2026-01-0765.45112.08-0.91YUM ahead
2026-01-0665.03112.77-0.98YUM ahead
2026-01-0564.40111.93-1.00YUM ahead
2026-01-0263.13112.08-1.11YUM ahead
2025-12-3162.30112.67-1.21YUM ahead
2025-12-3062.37113.34-1.24YUM ahead
2025-12-2962.54113.41-1.24YUM ahead
2025-12-2663.66114.13-1.19YUM ahead
2025-12-2463.82114.93-1.22YUM ahead
2025-12-2363.63115.09-1.25YUM ahead
2025-12-2263.85115.64-1.26YUM ahead
2025-12-1963.38114.51-1.26YUM ahead
2025-12-1863.36115.22-1.30YUM ahead
2025-12-1762.30114.05-1.34YUM ahead
2025-12-1660.04112.48-1.45YUM ahead
2025-12-1560.52114.56-1.51YUM ahead
2025-12-1260.85112.50-1.41YUM ahead
2025-12-1158.71110.32-1.50YUM ahead
2025-12-1057.15107.16-1.50YUM ahead
2025-12-0956.79106.53-1.51YUM ahead
2025-12-0856.59106.15-1.52YUM ahead
2025-12-0557.15107.96-1.57YUM ahead
2025-12-0457.50108.63-1.58YUM ahead
2025-12-0357.13110.61-1.71YUM ahead
2025-12-0257.48109.94-1.67YUM ahead
2025-12-0157.65112.19-1.77YUM ahead
2025-11-2858.12114.11-1.82YUM ahead
2025-11-2657.30114.55-1.93YUM ahead
2025-11-2556.24114.69-2.04YUM ahead
2025-11-2452.52112.52-2.31YUM ahead
2025-11-2153.26113.93-2.33YUM ahead
2025-11-2051.10111.13-2.44YUM ahead
2025-11-1952.20110.46-2.35YUM ahead
2025-11-1851.79110.84-2.43YUM ahead
2025-11-1751.41110.25-2.48YUM ahead
2025-11-1453.16110.99-2.38YUM ahead
2025-11-1352.84111.51-2.47YUM ahead
2025-11-1252.74111.25-2.51YUM ahead
2025-11-1150.19112.27-2.86YUM ahead
2025-11-1051.32110.42-2.71YUM ahead
2025-11-0751.51111.06-2.77YUM ahead
2025-11-0651.46109.94-2.77YUM ahead
2025-11-0553.83111.26-2.64YUM ahead
2025-11-0453.44111.38-2.73YUM ahead
2025-11-0353.06103.81-2.42YUM ahead
2025-10-3153.36102.93-2.38YUM ahead
2025-10-3054.77103.57-2.30YUM ahead
2025-10-2966.95103.66-1.19YUM ahead
2025-10-2867.79105.08-1.20YUM ahead
2025-10-2769.14106.49-1.18YUM ahead
2025-10-2469.36106.77-1.18YUM ahead
2025-10-2370.38109.01-1.23YUM ahead
2025-10-2270.06109.76-1.30YUM ahead
2025-10-2171.33110.62-1.26YUM ahead
2025-10-2070.10110.34-1.35YUM ahead
2025-10-1770.48108.18-1.22YUM ahead
2025-10-1670.31106.78-1.17YUM ahead
2025-10-1570.33107.63-1.22YUM ahead
2025-10-1470.89107.23-1.17YUM ahead
2025-10-1368.87104.62-1.20YUM ahead
2025-10-1067.05105.47-1.41YUM ahead
2025-10-0968.85106.27-1.31YUM ahead
2025-10-0869.00108.76-1.44YUM ahead
2025-10-0768.95109.27-1.49YUM ahead
2025-10-0670.10110.81-1.48YUM ahead
2025-10-0370.31112.23-1.55YUM ahead
2025-10-0267.81112.72-1.81YUM ahead
2025-10-0165.62114.09-2.09YUM ahead
2025-09-3065.99113.20-2.04YUM ahead
2025-09-2967.18114.65-2.03YUM ahead
2025-09-2667.49113.73-1.98YUM ahead
2025-09-2566.22112.02-2.03YUM ahead
2025-09-2466.59111.31-1.98YUM ahead
2025-09-2366.81111.30-1.98YUM ahead
2025-09-2267.57111.17-1.93YUM ahead
2025-09-1966.21108.48-1.93YUM ahead
2025-09-1867.03108.19-1.85YUM ahead
2025-09-1766.80110.42-2.03YUM ahead
2025-09-1666.17110.23-2.10YUM ahead
2025-09-1564.96110.90-2.28YUM ahead
2025-09-1265.04111.34-2.33YUM ahead
2025-09-1165.60111.07-2.30YUM ahead
2025-09-1065.18108.75-2.24YUM ahead
2025-09-0966.44108.57-2.13YUM ahead
2025-09-0866.76110.22-2.23YUM ahead
2025-09-0569.14107.68-1.87YUM ahead
2025-09-0469.73107.00-1.79YUM ahead
2025-09-0370.37107.66-1.79YUM ahead
2025-09-0270.30108.32-1.86YUM ahead
2025-08-2970.95109.46-1.89YUM ahead
2025-08-2871.41108.34-1.80YUM ahead
2025-08-2771.81108.24-1.77YUM ahead
2025-08-2671.59109.50-1.89YUM ahead
2025-08-2571.98109.40-1.87YUM ahead
2025-08-2273.48110.13-1.79YUM ahead
2025-08-2172.25110.23-1.94YUM ahead
2025-08-2072.52111.22-2.00YUM ahead
2025-08-1972.82113.21-2.12YUM ahead
2025-08-1873.04111.22-2.00YUM ahead
2025-08-1574.15110.36-1.85YUM ahead
2025-08-1472.69109.31-1.95YUM ahead
2025-08-1373.21107.83-1.82YUM ahead
2025-08-1272.12105.82-1.81YUM ahead
2025-08-1170.08105.21-2.00YUM ahead
2025-08-0869.78105.22-2.06YUM ahead
2025-08-0771.88106.17-1.93YUM ahead
2025-08-0671.88105.27-1.89YUM ahead
2025-08-0571.78103.90-1.82YUM ahead
2025-08-0472.20109.48-2.20YUM ahead
2025-08-0171.59108.26-2.21YUM ahead
2025-07-3172.20107.36-2.11YUM ahead
2025-07-3073.68109.47-2.13YUM ahead
2025-07-2974.73108.13-1.94YUM ahead
2025-07-2875.53107.46-1.83YUM ahead
2025-07-2578.73109.26-1.64YUM ahead
2025-07-2477.02108.61-1.79YUM ahead
2025-07-2388.87110.07-0.75YUM ahead
2025-07-2288.20110.62-0.85YUM ahead
2025-07-2188.33108.37-0.68YUM ahead
2025-07-1890.81110.94-0.65YUM ahead
2025-07-1790.15110.29-0.67YUM ahead
2025-07-1689.88108.84-0.59YUM ahead
2025-07-1590.84107.99-0.45near the usual relationship
2025-07-1492.31109.61-0.44near the usual relationship
2025-07-1194.29111.56-0.42near the usual relationship
2025-07-1094.98113.47-0.50YUM ahead
2025-07-0994.19112.35-0.50YUM ahead
2025-07-0893.37112.11-0.56YUM ahead
2025-07-0793.38111.98-0.55YUM ahead
2025-07-0396.09111.72-0.31near the usual relationship
2025-07-0295.59111.85-0.37near the usual relationship
2025-07-0198.06111.99-0.18near the usual relationship
2025-06-3094.54110.36-0.36near the usual relationship
2025-06-2792.69110.53-0.53YUM ahead
2025-06-2691.38109.52-0.58YUM ahead
2025-06-2592.84109.61-0.47near the usual relationship
2025-06-2492.02106.28-0.30near the usual relationship
2025-06-2390.55105.30-0.36near the usual relationship
2025-06-2088.87103.57-0.39near the usual relationship
2025-06-1887.27103.05-0.49near the usual relationship
2025-06-1786.51104.26-0.65YUM ahead
2025-06-1688.47105.71-0.59YUM ahead
2025-06-1384.59107.25-1.05YUM ahead
2025-06-1285.69107.22-0.96YUM ahead
2025-06-1187.20106.81-0.80YUM ahead
2025-06-1085.23107.19-1.01YUM ahead
2025-06-0986.09106.61-0.90YUM ahead
2025-06-0688.40107.86-0.79YUM ahead
2025-06-0588.57106.41-0.68YUM ahead
2025-06-0487.83107.25-0.81YUM ahead
2025-06-0384.31107.22-1.13YUM ahead
2025-06-0283.92107.72-1.20YUM ahead
2025-05-3084.32107.20-1.14YUM ahead
2025-05-2983.73107.28-1.21YUM ahead
2025-05-2884.31106.61-1.12YUM ahead
2025-05-2785.86107.31-1.04YUM ahead
2025-05-2385.25108.33-1.17YUM ahead
2025-05-2285.50108.36-1.16YUM ahead
2025-05-2185.52109.06-1.22YUM ahead
2025-05-2086.66110.99-1.26YUM ahead
2025-05-1988.01111.45-1.19YUM ahead
2025-05-1688.10110.28-1.11YUM ahead
2025-05-1587.62109.52-1.11YUM ahead
2025-05-1487.96108.11-0.99YUM ahead
2025-05-1385.28108.53-1.26YUM ahead
2025-05-1285.47109.33-1.31YUM ahead
2025-05-0983.72109.58-1.50YUM ahead
2025-05-0886.63110.21-1.29YUM ahead
2025-05-0786.95111.33-1.35YUM ahead
2025-05-0684.80110.43-1.50YUM ahead
2025-05-0584.21109.17-1.48YUM ahead
2025-05-0286.82111.07-1.39YUM ahead
2025-05-0184.73110.67-1.56YUM ahead
2025-04-3085.06112.04-1.64YUM ahead
2025-04-2985.28109.99-1.49YUM ahead
2025-04-2885.70110.04-1.47YUM ahead
2025-04-2587.19109.70-1.32YUM ahead
2025-04-2483.41109.91-1.70YUM ahead
2025-04-2382.10108.86-1.77YUM ahead
2025-04-2279.31108.03-2.01YUM ahead
2025-04-2178.35104.65-1.87YUM ahead
2025-04-1781.11106.73-1.77YUM ahead
2025-04-1680.96106.18-1.76YUM ahead
2025-04-1582.17107.76-1.78YUM ahead
2025-04-1483.28108.74-1.76YUM ahead
2025-04-1183.79107.99-1.67YUM ahead
2025-04-1084.64108.36-1.63YUM ahead
2025-04-0985.76108.33-1.53YUM ahead
2025-04-0877.42105.30-2.18YUM ahead
2025-04-0778.58107.94-2.30YUM ahead
2025-04-0479.63110.10-2.39YUM ahead
2025-04-0384.32120.24-2.71YUM ahead
2025-04-0287.59117.84-2.22YUM ahead
2025-04-0187.00118.36-2.36YUM ahead
2025-03-3184.54117.20-2.57YUM ahead
2025-03-2884.04116.01-2.57YUM ahead
2025-03-2785.74117.41-2.54YUM ahead
2025-03-2684.31118.18-2.82YUM ahead
2025-03-2583.36116.03-2.80YUM ahead
2025-03-2483.52116.05-2.84YUM ahead
2025-03-2181.71116.74-3.19YUM ahead
2025-03-2082.51117.59-3.24YUM ahead
2025-03-1982.49117.31-3.29YUM ahead
2025-03-1880.47117.15-3.64YUM ahead
2025-03-1783.60117.03-3.29YUM ahead
2025-03-1484.24115.48-3.12YUM ahead
2025-03-1382.05114.26-3.37YUM ahead
2025-03-1284.27114.99-3.20YUM ahead
2025-03-1184.16116.71-3.46YUM ahead
2025-03-1083.90117.74-3.69YUM ahead
2025-03-0784.58121.05-4.06YUM ahead
2025-03-0686.66118.61-3.60YUM ahead
2025-03-0590.25118.69-3.15YUM ahead
2025-03-0489.53117.98-3.24YUM ahead
2025-03-0391.48116.88-2.88YUM ahead
2025-02-2890.87116.46-2.96YUM ahead
2025-02-2788.80114.48-3.09YUM ahead
2025-02-2689.95112.83-2.75YUM ahead
2025-02-2588.35114.81-3.29YUM ahead
2025-02-2486.23111.89-3.33YUM ahead
2025-02-2186.73110.78-3.16YUM ahead
2025-02-2089.32112.43-2.99YUM ahead
2025-02-1990.59110.44-2.55YUM ahead
2025-02-1891.75109.58-2.26YUM ahead
2025-02-1496.11110.16-1.66YUM ahead
2025-02-1397.88110.78-1.48YUM ahead
2025-02-1296.46109.12-1.48YUM ahead
2025-02-1194.60109.22-1.79YUM ahead
2025-02-1097.32110.34-1.53YUM ahead
2025-02-0796.43106.92-1.19YUM ahead
2025-02-0696.51107.25-1.22YUM ahead
2025-02-0596.8397.75+0.22near the usual relationship
2025-02-0499.3897.91+0.58CMG ahead
2025-02-0398.2797.94+0.42near the usual relationship
2025-01-3198.2597.19+0.53CMG ahead
2025-01-3099.3397.36+0.67CMG ahead
2025-01-2998.1196.20+0.67CMG ahead
2025-01-2897.3796.25+0.56CMG ahead
2025-01-2798.1697.48+0.50CMG ahead
2025-01-2495.4795.52+0.41near the usual relationship
2025-01-2396.9294.59+0.75CMG ahead
2025-01-2294.1294.00+0.45near the usual relationship
2025-01-2194.6393.62+0.58CMG ahead
2025-01-1796.8593.33+0.93CMG ahead
2025-01-1698.2794.02+1.02CMG ahead
2025-01-1596.6093.67+0.85CMG ahead
2025-01-1495.0392.88+0.76CMG ahead
2025-01-1394.7392.15+0.82CMG ahead
2025-01-1095.1391.79+0.93CMG ahead
2025-01-0897.5295.14+0.80CMG ahead
2025-01-0797.6495.74+0.74CMG ahead
2025-01-0699.0196.95+0.76CMG ahead
2025-01-03100.5299.38+0.65CMG ahead
2025-01-02100.8499.47+0.68CMG ahead
2024-12-31101.5399.92+0.71CMG ahead
2024-12-30101.1899.44+0.73CMG ahead
2024-12-27102.34100.71+0.73CMG ahead
2024-12-26103.50101.29+0.80CMG ahead
2024-12-24104.80100.54+1.03CMG ahead
2024-12-23103.6999.69+1.01CMG ahead
2024-12-20104.1898.58+1.19CMG ahead
2024-12-19103.9697.09+1.35CMG ahead
2024-12-18103.2897.91+1.19CMG ahead
2024-12-17108.25100.34+1.45CMG ahead
2024-12-16109.11100.58+1.52CMG ahead
2024-12-13108.76102.03+1.33CMG ahead
2024-12-12111.40103.25+1.48CMG ahead
2024-12-11110.41103.18+1.40CMG ahead
2024-12-10109.16102.94+1.31CMG ahead
2024-12-09108.74103.58+1.21CMG ahead
2024-12-06110.12102.50+1.47CMG ahead
2024-12-05109.82102.87+1.41CMG ahead
2024-12-04107.58102.90+1.19CMG ahead
2024-12-03102.61102.57+0.72CMG ahead
2024-12-02101.94103.55+0.55CMG ahead
2024-11-29103.59103.48+0.74CMG ahead
2024-11-27104.48103.77+0.80CMG ahead
2024-11-26105.59103.25+0.98CMG ahead
2024-11-25104.39102.07+0.98CMG ahead
2024-11-22104.41100.74+1.13CMG ahead
2024-11-21100.9999.96+0.87CMG ahead
2024-11-2099.1498.96+0.79CMG ahead
2024-11-1998.8998.41+0.82CMG ahead
2024-11-1899.0299.81+0.70CMG ahead
2024-11-1598.7299.49+0.70CMG ahead
2024-11-14100.88101.84+0.69CMG ahead
2024-11-1399.80100.74+0.70CMG ahead
2024-11-12101.85100.25+0.96CMG ahead
2024-11-1199.80101.75+0.61CMG ahead
2024-11-0899.02102.19+0.50CMG ahead
2024-11-0798.01102.08+0.42near the usual relationship
2024-11-0697.14100.07+0.53CMG ahead
2024-11-0594.60100.34+0.25near the usual relationship
2024-11-0494.9398.88+0.44near the usual relationship
2024-11-0198.6598.56+0.84CMG ahead
2024-10-3193.9097.68+0.46near the usual relationship
2024-10-3093.8499.34+0.30near the usual relationship
2024-10-29101.8599.78+1.03CMG ahead
2024-10-28102.04100.44+0.99CMG ahead
2024-10-25100.0899.08+0.94CMG ahead
2024-10-24100.0899.17+0.94CMG ahead
2024-10-2399.3899.81+0.82CMG ahead
2024-10-22100.8399.32+0.99CMG ahead
2024-10-21100.5299.80+0.93CMG ahead
2024-10-18100.00100.00+0.87CMG ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 30, 2024 (CMG -7.9%, YUM -0.4%); Feb 6, 2025 (CMG -0.3%, YUM +9.7%); Jul 24, 2025 (CMG -13.3%, YUM -1.3%); Oct 30, 2025 (CMG -18.2%, YUM -0.1%). Upcoming earnings: CMG Oct 28, 2026 (after-hours); YUM Nov 3, 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 YUM 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

YUM Yum! Brands Inc.

Listing
NYSE · SEC CIK 1041061
Industry
Restaurants · SIC 5812 Retail-Eating Places
Market value
$40.9B
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
MCD / YUMWatchlistYUM by 1.89 sdRestaurants
MCD / CMGWatchlistMCD by 0.70 sdSIC 5812 Retail-Eating Places
SBUX / YUMWatchlistSBUX by 0.56 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.