SIC 3827 Optical Instruments & Lenses

Coherent Corp. vs KLA Corporation

Measured twinCOHR / KLACPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($217B vs $46B) with SEC SIC 3827 (Optical Instruments & Lenses).

The price gap between these two has a measured habit of closing. A 2 standard deviation gap becomes a paired paper idea.

  • no divergence: z = -0.64 (needs |z| >= 2.0)
Business leadership

KLAC is the larger business

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

YearCOHRKLACLarger
2025$5.8B$12.2BKLAC
2024$4.7B$9.8BKLAC
2023$5.2B$10.5BKLAC
2022$3.3B$9.2BKLAC
2021$3.1B$6.9BKLAC
2020$2.4B$5.8BKLAC

KLAC led in every year with figures for both. Market value: COHR $45.7B, KLAC $217.2B.

Stock leadership

KLAC is ahead now

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

KLAC leads COHR by 0.64 standard deviations: +10.3% over its usual price ratio. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
COHR-26.4%-38.5%+72.1%
KLAC-29.8%-18.6%+28.8%
Relationship

The gap has closed before

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 1035 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.61 (needs >= 0.60)
Pass
Mean reversion: ADF t-statistic of the spread: -3.17 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 12.35 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

COHR Coherent Corp. KLAC KLA CorporationPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
200400Oct 2024Oct 2025Oct 2026
Spread z-score: COHR relative to KLAC, against the 252 sessions before each day. Above 0: COHR ahead; below 0: KLAC ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCOHR indexKLAC indexzAhead
2026-10-22211.56217.87-0.64KLAC ahead
2026-10-21241.81240.86-0.41near the usual relationship
2026-10-20235.98238.37-0.49near the usual relationship
2026-10-19236.20245.24-0.65KLAC ahead
2026-10-16237.10244.27-0.58KLAC ahead
2026-10-15255.12257.12-0.43near the usual relationship
2026-10-14268.06263.53-0.27near the usual relationship
2026-10-13295.21271.18+0.15near the usual relationship
2026-10-12293.21280.20-0.08near the usual relationship
2026-10-09318.25288.23+0.25near the usual relationship
2026-10-08307.80289.93+0.02near the usual relationship
2026-10-07340.59290.09+0.63COHR ahead
2026-10-06344.46291.02+0.68COHR ahead
2026-10-05339.65304.85+0.34near the usual relationship
2026-10-02343.11304.91+0.40near the usual relationship
2026-10-01324.94295.25+0.28near the usual relationship
2026-09-30293.00287.29-0.14near the usual relationship
2026-09-29297.48289.65-0.09near the usual relationship
2026-09-28287.54278.80-0.06near the usual relationship
2026-09-25301.16276.96+0.24near the usual relationship
2026-09-24295.85275.76+0.17near the usual relationship
2026-09-23306.02276.87+0.34near the usual relationship
2026-09-22315.98277.55+0.51COHR ahead
2026-09-21327.31271.13+0.82COHR ahead
2026-09-18323.08260.85+0.96COHR ahead
2026-09-17301.31249.04+0.85COHR ahead
2026-09-16295.15246.65+0.80COHR ahead
2026-09-15276.06247.63+0.43near the usual relationship
2026-09-14271.30249.20+0.32near the usual relationship
2026-09-11310.87266.23+0.68COHR ahead
2026-09-10298.45261.13+0.58COHR ahead
2026-09-09308.95269.57+0.60COHR ahead
2026-09-08307.32278.52+0.41near the usual relationship
2026-09-04286.94273.54+0.16near the usual relationship
2026-09-03269.17254.88+0.20near the usual relationship
2026-09-02273.48253.88+0.31near the usual relationship
2026-09-01276.93251.86+0.42near the usual relationship
2026-08-31282.84258.58+0.40near the usual relationship
2026-08-28284.23258.71+0.43near the usual relationship
2026-08-27300.71270.84+0.48near the usual relationship
2026-08-26299.67270.93+0.47near the usual relationship
2026-08-25293.33270.21+0.39near the usual relationship
2026-08-24280.45267.60+0.22near the usual relationship
2026-08-21294.74271.16+0.40near the usual relationship
2026-08-20295.26273.92+0.37near the usual relationship
2026-08-19292.65276.00+0.30near the usual relationship
2026-08-18311.95287.08+0.42near the usual relationship
2026-08-17357.55303.25+0.81COHR ahead
2026-08-14331.70300.24+0.51COHR ahead
2026-08-13333.13308.57+0.41near the usual relationship
2026-08-12362.05306.92+0.83COHR ahead
2026-08-11334.49295.45+0.64COHR ahead
2026-08-10331.01284.06+0.78COHR ahead
2026-08-07385.96291.97+1.38COHR ahead
2026-08-06340.24284.77+0.92COHR ahead
2026-08-05334.13284.15+0.85COHR ahead
2026-08-04329.56288.05+0.73COHR ahead
2026-08-03293.33269.34+0.50COHR ahead
2026-07-31267.63269.44+0.07near the usual relationship
2026-07-30253.55265.77-0.11near the usual relationship
2026-07-29226.05250.83-0.37near the usual relationship
2026-07-28247.71281.20-0.48near the usual relationship
2026-07-27276.20299.71-0.26near the usual relationship
2026-07-24287.48310.26-0.23near the usual relationship
2026-07-23318.86322.36+0.07near the usual relationship
2026-07-22317.82316.41+0.15near the usual relationship
2026-07-21322.94320.64+0.17near the usual relationship
2026-07-20290.54305.96-0.10near the usual relationship
2026-07-17282.60313.55-0.33near the usual relationship
2026-07-16281.95323.31-0.48near the usual relationship
2026-07-15304.77330.87-0.22near the usual relationship
2026-07-14316.37339.52-0.16near the usual relationship
2026-07-13312.93327.55-0.05near the usual relationship
2026-07-10330.35341.21+0.02near the usual relationship
2026-07-09333.14338.27+0.10near the usual relationship
2026-07-08322.76325.97+0.13near the usual relationship
2026-07-07319.79319.03+0.19near the usual relationship
2026-07-06341.75343.85+0.16near the usual relationship
2026-07-02339.37347.15+0.09near the usual relationship
2026-07-01375.29392.31+0.01near the usual relationship
2026-06-30401.58444.66-0.24near the usual relationship
2026-06-29398.27410.29+0.08near the usual relationship
2026-06-26387.42366.44+0.45near the usual relationship
2026-06-25414.59381.42+0.58COHR ahead
2026-06-24399.57354.42+0.74COHR ahead
2026-06-23388.09360.33+0.55COHR ahead
2026-06-22433.15396.69+0.61COHR ahead
2026-06-18396.59382.54+0.40near the usual relationship
2026-06-17385.68351.84+0.64COHR ahead
2026-06-16389.71349.78+0.72COHR ahead
2026-06-15421.30377.91+0.72COHR ahead
2026-06-12391.97375.14+0.46near the usual relationship
2026-06-11370.13355.43+0.46near the usual relationship
2026-06-10361.16314.75+0.86COHR ahead
2026-06-09362.35315.30+0.87COHR ahead
2026-06-08409.17310.69+1.44COHR ahead
2026-06-05383.78284.32+1.55COHR ahead
2026-06-04429.50314.08+1.62COHR ahead
2026-06-03424.95313.20+1.60COHR ahead
2026-06-02434.58301.42+1.87COHR ahead
2026-06-01369.44285.92+1.43COHR ahead
2026-05-29367.98283.22+1.47COHR ahead
2026-05-28383.74284.09+1.65COHR ahead
2026-05-27387.03288.45+1.64COHR ahead
2026-05-26388.22296.44+1.55COHR ahead
2026-05-22384.37278.31+1.79COHR ahead
2026-05-21384.81271.50+1.92COHR ahead
2026-05-20364.96269.63+1.74COHR ahead
2026-05-19360.00256.53+1.92COHR ahead
2026-05-18369.37258.86+2.01COHR ahead
2026-05-15389.34265.92+2.15COHR ahead
2026-05-14412.24278.98+2.22COHR ahead
2026-05-13410.98272.61+2.34COHR ahead
2026-05-12380.75266.96+2.12COHR ahead
2026-05-11386.53271.94+2.13COHR ahead
2026-05-08341.30275.48+1.54COHR ahead
2026-05-07324.94259.87+1.59COHR ahead
2026-05-06350.88267.68+1.82COHR ahead
2026-05-05341.78255.39+1.94COHR ahead
2026-05-04335.83252.51+1.93COHR ahead
2026-05-01335.44254.42+1.91COHR ahead
2026-04-30325.47257.97+1.73COHR ahead
2026-04-29310.42267.67+1.36COHR ahead
2026-04-28309.45266.61+1.37COHR ahead
2026-04-27327.32280.02+1.41COHR ahead
2026-04-24342.15285.18+1.55COHR ahead
2026-04-23343.76267.56+1.87COHR ahead
2026-04-22356.79267.06+2.07COHR ahead
2026-04-21349.98263.13+2.07COHR ahead
2026-04-20353.77266.07+2.09COHR ahead
2026-04-17351.24264.02+2.12COHR ahead
2026-04-16333.91255.68+2.05COHR ahead
2026-04-15313.75257.64+1.74COHR ahead
2026-04-14319.07264.68+1.71COHR ahead
2026-04-13313.48260.68+1.71COHR ahead
2026-04-10313.04256.04+1.81COHR ahead
2026-04-09289.29254.56+1.48COHR ahead
2026-04-08286.87246.47+1.60COHR ahead
2026-04-07259.70228.27+1.51COHR ahead
2026-04-06257.78226.97+1.51COHR ahead
2026-04-02262.81223.55+1.69COHR ahead
2026-04-01252.27223.99+1.50COHR ahead
2026-03-31242.50217.00+1.48COHR ahead
2026-03-30223.61203.76+1.41COHR ahead
2026-03-27247.87212.70+1.71COHR ahead
2026-03-26247.67213.87+1.70COHR ahead
2026-03-25276.94227.53+1.96COHR ahead
2026-03-24277.24230.82+1.92COHR ahead
2026-03-23259.65222.75+1.79COHR ahead
2026-03-20258.20220.87+1.82COHR ahead
2026-03-19280.54222.77+2.22COHR ahead
2026-03-18261.84218.47+2.00COHR ahead
2026-03-17250.23218.32+1.79COHR ahead
2026-03-16251.83211.97+1.99COHR ahead
2026-03-13247.13209.08+1.99COHR ahead
2026-03-12245.62207.74+2.02COHR ahead
2026-03-11255.94215.91+2.06COHR ahead
2026-03-10265.34214.13+2.31COHR ahead
2026-03-09256.87210.62+2.26COHR ahead
2026-03-06239.97198.16+2.26COHR ahead
2026-03-05258.44210.66+2.36COHR ahead
2026-03-04279.81217.52+2.66COHR ahead
2026-03-03285.87212.43+2.96COHR ahead
2026-03-02304.30226.22+3.02COHR ahead
2026-02-27263.60224.69+2.30COHR ahead
2026-02-26254.65224.65+2.14COHR ahead
2026-02-25272.73227.95+2.48COHR ahead
2026-02-24259.45222.05+2.39COHR ahead
2026-02-23253.37219.25+2.36COHR ahead
2026-02-20252.65220.48+2.34COHR ahead
2026-02-19236.67216.63+2.09COHR ahead
2026-02-18227.92218.17+1.84COHR ahead
2026-02-17223.92216.68+1.79COHR ahead
2026-02-13221.14215.78+1.76COHR ahead
2026-02-12219.99213.83+1.80COHR ahead
2026-02-11227.72218.05+1.91COHR ahead
2026-02-10232.48210.88+2.26COHR ahead
2026-02-09246.83212.25+2.63COHR ahead
2026-02-06231.78212.66+2.25COHR ahead
2026-02-05213.01196.17+2.26COHR ahead
2026-02-04214.80192.66+2.46COHR ahead
2026-02-03233.31199.78+2.81COHR ahead
2026-02-02226.45207.87+2.39COHR ahead
2026-01-30216.00210.45+2.01COHR ahead
2026-01-29219.75248.29+1.03COHR ahead
2026-01-28225.12239.82+1.43COHR ahead
2026-01-27217.86238.21+1.26COHR ahead
2026-01-26201.32227.41+1.04COHR ahead
2026-01-23200.49222.95+1.14COHR ahead
2026-01-22206.37221.07+1.38COHR ahead
2026-01-21205.09224.02+1.26COHR ahead
2026-01-20196.95219.03+1.14COHR ahead
2026-01-16194.48231.06+0.69COHR ahead
2026-01-15199.49227.70+0.96COHR ahead
2026-01-14187.43211.42+1.03COHR ahead
2026-01-13193.45212.49+1.21COHR ahead
2026-01-12188.52210.48+1.10COHR ahead
2026-01-09181.27206.33+0.96COHR ahead
2026-01-08176.27195.22+1.14COHR ahead
2026-01-07195.07200.39+1.61COHR ahead
2026-01-06197.61205.59+1.52COHR ahead
2026-01-05189.72199.32+1.45COHR ahead
2026-01-02197.83187.83+2.10COHR ahead
2025-12-31187.90179.08+2.08COHR ahead
2025-12-30190.18183.29+2.00COHR ahead
2025-12-29192.43185.76+1.99COHR ahead
2025-12-26195.17188.59+1.98COHR ahead
2025-12-24194.82188.20+1.98COHR ahead
2025-12-23195.33186.99+2.03COHR ahead
2025-12-22194.42186.53+2.02COHR ahead
2025-12-19189.18183.59+1.93COHR ahead
2025-12-18178.88180.16+1.68COHR ahead
2025-12-17173.51172.73+1.74COHR ahead
2025-12-16178.36180.30+1.63COHR ahead
2025-12-15181.67180.56+1.73COHR ahead
2025-12-12181.55175.96+1.88COHR ahead
2025-12-11202.08183.66+2.28COHR ahead
2025-12-10201.01182.59+2.27COHR ahead
2025-12-09196.20180.63+2.18COHR ahead
2025-12-08189.21180.48+1.94COHR ahead
2025-12-05185.07178.99+1.85COHR ahead
2025-12-04180.55178.05+1.73COHR ahead
2025-12-03174.04178.59+1.48COHR ahead
2025-12-02167.86175.36+1.36COHR ahead
2025-12-01166.45170.54+1.47COHR ahead
2025-11-28167.22173.24+1.39COHR ahead
2025-11-26156.77170.82+1.08COHR ahead
2025-11-25151.53168.88+0.93COHR ahead
2025-11-24154.55167.53+1.07COHR ahead
2025-11-21142.02161.69+0.77COHR ahead
2025-11-20138.05162.48+0.58COHR ahead
2025-11-19145.52172.06+0.54COHR ahead
2025-11-18140.64165.52+0.56COHR ahead
2025-11-17141.58167.08+0.53COHR ahead
2025-11-14141.84167.18+0.53COHR ahead
2025-11-13142.49171.21+0.41near the usual relationship
2025-11-12159.49176.70+0.85COHR ahead
2025-11-11160.86175.51+0.93COHR ahead
2025-11-10169.72179.50+1.09COHR ahead
2025-11-07157.29175.88+0.79COHR ahead
2025-11-06162.17177.80+0.89COHR ahead
2025-11-05137.06180.85-0.12near the usual relationship
2025-11-04131.02175.90-0.22near the usual relationship
2025-11-03134.38179.68-0.20near the usual relationship
2025-10-31134.34178.14-0.16near the usual relationship
2025-10-30135.10178.98-0.16near the usual relationship
2025-10-29140.55182.06-0.04near the usual relationship
2025-10-28136.66177.75-0.07near the usual relationship
2025-10-27137.42179.09-0.09near the usual relationship
2025-10-24131.67174.32-0.18near the usual relationship
2025-10-23123.71170.81-0.40near the usual relationship
2025-10-22117.45164.23-0.48near the usual relationship
2025-10-21122.97169.11-0.40near the usual relationship
2025-10-20122.37169.91-0.45near the usual relationship
2025-10-17118.45163.10-0.41near the usual relationship
2025-10-16118.05161.94-0.40near the usual relationship
2025-10-15112.40160.20-0.60KLAC ahead
2025-10-14111.34151.17-0.35near the usual relationship
2025-10-13117.20151.06-0.08near the usual relationship
2025-10-10113.10144.84-0.05near the usual relationship
2025-10-09124.55155.26+0.09near the usual relationship
2025-10-08118.77156.60-0.21near the usual relationship
2025-10-07115.61159.87-0.46near the usual relationship
2025-10-06116.84167.97-0.66KLAC ahead
2025-10-03115.63162.35-0.54KLAC ahead
2025-10-02114.82167.90-0.76KLAC ahead
2025-10-01116.72166.37-0.63KLAC ahead
2025-09-30109.66158.96-0.72KLAC ahead
2025-09-29109.92156.83-0.64KLAC ahead
2025-09-26108.92156.85-0.69KLAC ahead
2025-09-25108.49156.09-0.69KLAC ahead
2025-09-24108.44157.50-0.74KLAC ahead
2025-09-23111.26157.87-0.62KLAC ahead
2025-09-22116.66157.88-0.38near the usual relationship
2025-09-19111.08153.98-0.50KLAC ahead
2025-09-18110.00154.26-0.56KLAC ahead
2025-09-17105.27145.89-0.50KLAC ahead
2025-09-16106.35145.99-0.45near the usual relationship
2025-09-15108.26145.75-0.35near the usual relationship
2025-09-12104.85142.08-0.38near the usual relationship
2025-09-11105.38141.38-0.32near the usual relationship
2025-09-10105.35137.45-0.18near the usual relationship
2025-09-09101.01135.25-0.31near the usual relationship
2025-09-08100.45133.97-0.29near the usual relationship
2025-09-0599.60133.39-0.31near the usual relationship
2025-09-0497.34128.71-0.24near the usual relationship
2025-09-0390.06124.37-0.46near the usual relationship
2025-09-0289.38124.73-0.51KLAC ahead
2025-08-2992.10128.52-0.51KLAC ahead
2025-08-2896.92131.76-0.37near the usual relationship
2025-08-2792.34131.00-0.59KLAC ahead
2025-08-2693.23130.89-0.54KLAC ahead
2025-08-2592.13129.63-0.55KLAC ahead
2025-08-2291.52128.26-0.52KLAC ahead
2025-08-2188.16128.57-0.73KLAC ahead
2025-08-2088.11129.46-0.77KLAC ahead
2025-08-1989.34129.12-0.67KLAC ahead
2025-08-1892.12130.19-0.55KLAC ahead
2025-08-1595.08128.95-0.34near the usual relationship
2025-08-1493.30140.81-0.88KLAC ahead
2025-08-13116.06139.93+0.27near the usual relationship
2025-08-12118.66137.88+0.46near the usual relationship
2025-08-11115.65134.14+0.48near the usual relationship
2025-08-08117.52134.82+0.54COHR ahead
2025-08-07115.87134.42+0.49near the usual relationship
2025-08-06109.08130.91+0.33near the usual relationship
2025-08-05107.50130.20+0.29near the usual relationship
2025-08-04108.66134.94+0.17near the usual relationship
2025-08-01104.64130.67+0.15near the usual relationship
2025-07-31109.54129.55+0.42near the usual relationship
2025-07-30109.16136.32+0.16near the usual relationship
2025-07-29108.91135.01+0.20near the usual relationship
2025-07-28106.18136.05+0.04near the usual relationship
2025-07-25101.94132.95-0.04near the usual relationship
2025-07-24100.50133.26-0.12near the usual relationship
2025-07-23100.20132.21-0.09near the usual relationship
2025-07-2298.77131.50-0.13near the usual relationship
2025-07-21101.68138.21-0.23near the usual relationship
2025-07-18101.39137.23-0.20near the usual relationship
2025-07-17102.09138.11-0.20near the usual relationship
2025-07-1699.58137.58-0.30near the usual relationship
2025-07-1597.80138.03-0.40near the usual relationship
2025-07-1496.22135.86-0.39near the usual relationship
2025-07-1194.98136.26-0.46near the usual relationship
2025-07-1095.41136.86-0.46near the usual relationship
2025-07-0992.89136.06-0.56KLAC ahead
2025-07-0892.03135.47-0.58KLAC ahead
2025-07-0789.64134.50-0.66KLAC ahead
2025-07-0392.54136.26-0.57KLAC ahead
2025-07-0289.95135.75-0.68KLAC ahead
2025-07-0188.20132.47-0.66KLAC ahead
2025-06-3090.82132.01-0.50KLAC ahead
2025-06-2788.80131.15-0.57KLAC ahead
2025-06-2691.50133.07-0.50KLAC ahead
2025-06-2587.17131.68-0.67KLAC ahead
2025-06-2482.42131.02-0.91KLAC ahead
2025-06-2382.09126.20-0.75KLAC ahead
2025-06-2082.66125.27-0.68KLAC ahead
2025-06-1883.77128.39-0.73KLAC ahead
2025-06-1781.21131.61-0.99KLAC ahead
2025-06-1682.22131.52-0.92KLAC ahead
2025-06-1378.76127.88-0.99KLAC ahead
2025-06-1282.41128.96-0.82KLAC ahead
2025-06-1182.98128.52-0.77KLAC ahead
2025-06-1083.50126.24-0.65KLAC ahead
2025-06-0982.65122.22-0.55KLAC ahead
2025-06-0681.18119.08-0.51KLAC ahead
2025-06-0581.09116.71-0.42near the usual relationship
2025-06-0483.10115.26-0.24near the usual relationship
2025-06-0381.95114.34-0.26near the usual relationship
2025-06-0278.16112.37-0.39near the usual relationship
2025-05-3076.99111.55-0.42near the usual relationship
2025-05-2980.95114.07-0.29near the usual relationship
2025-05-2879.66114.59-0.37near the usual relationship
2025-05-2782.65116.29-0.27near the usual relationship
2025-05-2379.87111.59-0.23near the usual relationship
2025-05-2280.30113.12-0.26near the usual relationship
2025-05-2180.99114.80-0.28near the usual relationship
2025-05-2080.88116.47-0.34near the usual relationship
2025-05-1980.81115.99-0.32near the usual relationship
2025-05-1680.02116.60-0.38near the usual relationship
2025-05-1580.24118.79-0.44near the usual relationship
2025-05-1482.15118.64-0.33near the usual relationship
2025-05-1380.32117.30-0.37near the usual relationship
2025-05-1279.17112.08-0.24near the usual relationship
2025-05-0971.84103.34-0.30near the usual relationship
2025-05-0871.86103.66-0.30near the usual relationship
2025-05-0770.87102.33-0.30near the usual relationship
2025-05-0671.05100.13-0.20near the usual relationship
2025-05-0572.23102.18-0.21near the usual relationship
2025-05-0272.93102.89-0.19near the usual relationship
2025-05-0170.4299.67-0.20near the usual relationship
2025-04-3065.48103.56-0.66KLAC ahead
2025-04-2966.01101.39-0.53KLAC ahead
2025-04-2865.98102.24-0.56KLAC ahead
2025-04-2565.65102.37-0.59KLAC ahead
2025-04-2464.65101.61-0.61KLAC ahead
2025-04-2360.4196.84-0.69KLAC ahead
2025-04-2256.1293.79-0.86KLAC ahead
2025-04-2153.0691.49-0.98KLAC ahead
2025-04-1756.2993.50-0.83KLAC ahead
2025-04-1656.4594.65-0.86KLAC ahead
2025-04-1557.5699.66-0.99KLAC ahead
2025-04-1457.1598.74-0.98KLAC ahead
2025-04-1156.1998.78-1.05KLAC ahead
2025-04-1056.4496.79-0.95KLAC ahead
2025-04-0964.18103.65-0.70KLAC ahead
2025-04-0852.3288.36-0.88KLAC ahead
2025-04-0753.7889.11-0.81KLAC ahead
2025-04-0451.4984.97-0.79KLAC ahead
2025-04-0354.8891.50-0.83KLAC ahead
2025-04-0268.76101.13-0.32near the usual relationship
2025-04-0164.85100.58-0.53KLAC ahead
2025-03-3166.11100.19-0.44near the usual relationship
2025-03-2866.9199.27-0.35near the usual relationship
2025-03-2769.12103.17-0.37near the usual relationship
2025-03-2672.78103.98-0.20near the usual relationship
2025-03-2577.00106.39-0.06near the usual relationship
2025-03-2478.09107.25-0.03near the usual relationship
2025-03-2169.47104.12-0.38near the usual relationship
2025-03-2069.95105.59-0.41near the usual relationship
2025-03-1971.03106.06-0.36near the usual relationship
2025-03-1866.56104.64-0.56KLAC ahead
2025-03-1768.20105.86-0.51KLAC ahead
2025-03-1465.46105.08-0.65KLAC ahead
2025-03-1363.52100.44-0.58KLAC ahead
2025-03-1268.53100.28-0.28near the usual relationship
2025-03-1167.6897.89-0.23near the usual relationship
2025-03-1063.9499.98-0.54KLAC ahead
2025-03-0767.74104.83-0.50KLAC ahead
2025-03-0666.21102.01-0.48near the usual relationship
2025-03-0573.13105.50-0.21near the usual relationship
2025-03-0470.82103.02-0.25near the usual relationship
2025-03-0369.50101.86-0.27near the usual relationship
2025-02-2876.54104.47+0.01near the usual relationship
2025-02-2776.27103.04+0.06near the usual relationship
2025-02-2679.81108.84+0.02near the usual relationship
2025-02-2577.50106.85-0.02near the usual relationship
2025-02-2481.67108.70+0.12near the usual relationship
2025-02-2184.13111.17+0.15near the usual relationship
2025-02-2087.79114.61+0.21near the usual relationship
2025-02-1987.94114.18+0.23near the usual relationship
2025-02-1890.28111.75+0.42near the usual relationship
2025-02-1488.36110.64+0.38near the usual relationship
2025-02-1388.02112.64+0.29near the usual relationship
2025-02-1288.87110.62+0.41near the usual relationship
2025-02-1189.08111.81+0.38near the usual relationship
2025-02-1095.35110.75+0.68COHR ahead
2025-02-0797.62110.20+0.80COHR ahead
2025-02-06102.27112.28+0.92COHR ahead
2025-02-0591.72111.88+0.51COHR ahead
2025-02-0489.32110.43+0.46near the usual relationship
2025-02-0389.08109.09+0.50COHR ahead
2025-01-3192.12108.80+0.65COHR ahead
2025-01-3091.30109.42+0.60COHR ahead
2025-01-2987.12105.08+0.58COHR ahead
2025-01-2883.98103.60+0.50COHR ahead
2025-01-2782.79103.57+0.45near the usual relationship
2025-01-24102.14110.51+1.02COHR ahead
2025-01-23109.70112.15+1.25COHR ahead
2025-01-22109.91113.76+1.21COHR ahead
2025-01-21105.06113.08+1.07COHR ahead
2025-01-17100.06111.64+0.94COHR ahead
2025-01-1697.39110.13+0.89COHR ahead
2025-01-1598.19105.56+1.09COHR ahead
2025-01-1494.68103.35+1.04COHR ahead
2025-01-1393.71101.84+1.07COHR ahead
2025-01-1091.49100.67+1.03COHR ahead
2025-01-0895.35101.13+1.18COHR ahead
2025-01-0799.19101.59+1.33COHR ahead
2025-01-06102.78101.74+1.47COHR ahead
2025-01-03108.1596.83+1.88COHR ahead
2025-01-02102.4093.82+1.81COHR ahead
2024-12-3196.4492.87+1.63COHR ahead
2024-12-3096.5593.39+1.63COHR ahead
2024-12-2798.7495.03+1.66COHR ahead
2024-12-26101.3995.58+1.77COHR ahead
2024-12-24101.5895.87+1.78COHR ahead
2024-12-23100.8095.50+1.78COHR ahead
2024-12-2099.4392.76+1.86COHR ahead
2024-12-1997.9191.70+1.87COHR ahead
2024-12-1899.0892.96+1.88COHR ahead
2024-12-17105.1596.52+1.99COHR ahead
2024-12-16109.7996.70+2.19COHR ahead
2024-12-13108.5696.35+2.19COHR ahead
2024-12-12105.9695.30+2.16COHR ahead
2024-12-11105.7195.63+2.17COHR ahead
2024-12-10102.0294.60+2.09COHR ahead
2024-12-09105.8296.15+2.20COHR ahead
2024-12-06113.2495.55+2.56COHR ahead
2024-12-05110.6294.71+2.54COHR ahead
2024-12-04114.0498.19+2.55COHR ahead
2024-12-03108.4698.11+2.37COHR ahead
2024-12-02105.4998.16+2.27COHR ahead
2024-11-29101.9695.36+2.28COHR ahead
2024-11-2799.8693.16+2.32COHR ahead
2024-11-26102.8693.07+2.49COHR ahead
2024-11-25101.6095.01+2.37COHR ahead
2024-11-22107.2494.26+2.69COHR ahead
2024-11-21107.6293.31+2.80COHR ahead
2024-11-20105.2490.91+2.87COHR ahead
2024-11-19106.1390.74+2.97COHR ahead
2024-11-1897.0791.41+2.55COHR ahead
2024-11-1596.8290.56+2.62COHR ahead
2024-11-14101.8195.06+2.67COHR ahead
2024-11-13104.5694.99+2.85COHR ahead
2024-11-12105.8797.98+2.80COHR ahead
2024-11-11106.5698.16+2.88COHR ahead
2024-11-08112.00101.31+3.03COHR ahead
2024-11-07111.42101.12+3.07COHR ahead
2024-11-06101.2298.69+2.74COHR ahead
2024-11-0595.2698.79+2.45COHR ahead
2024-11-0492.5597.77+2.38COHR ahead
2024-11-0193.9498.65+2.44COHR ahead
2024-10-3194.1198.19+2.51COHR ahead
2024-10-3098.93101.96+2.61COHR ahead
2024-10-29100.31102.61+2.70COHR ahead
2024-10-2898.1299.39+2.79COHR ahead
2024-10-2597.5799.20+2.82COHR ahead
2024-10-2498.4598.18+2.99COHR ahead
2024-10-2399.5897.95+3.13COHR ahead
2024-10-2298.5198.76+3.09COHR ahead
2024-10-21100.2199.28+3.23COHR ahead
2024-10-18100.00100.00+3.24COHR ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jan 27, 2025 (COHR -18.9%, KLAC -6.3%); Aug 14, 2025 (COHR -19.6%, KLAC +0.6%); Nov 6, 2025 (COHR +18.3%, KLAC -1.7%); Jan 30, 2026 (COHR -1.7%, KLAC -15.2%). Upcoming earnings: KLAC Oct 28, 2026 (after-hours); COHR 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

COHR and KLAC at a glance

COHR Coherent Corp.

Listing
NYSE · SEC CIK 820318
Industry
Electronic Components · SIC 3827 Optical Instruments & Lenses
Market value
$45.7B
Price history
1,035 daily closes, Sep 8, 2022 to Oct 22, 2026

KLAC KLA Corporation

Listing
Nasdaq · SEC CIK 319201
Industry
Electronic Components · SIC 3827 Optical Instruments & Lenses
Market value
$217.2B
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
KLAC / NVMIWatchlistKLAC by 1.01 sdSIC 3827 Optical Instruments & Lenses
COHR / NVMIWatchlistCOHR by 0.35 sdSIC 3827 Optical Instruments & Lenses

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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.