Railroads

Canadian Pacific Kansas City Limited vs CSX Corporation

WatchlistCP / CSXPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($89B vs $77B) in Nasdaq's "Railroads" industry; SEC SIC 4011 / 4011 (same major group); #2 and #3 by market value ($89B vs $77B) with SEC SIC 4011 (Railroads, Line-Haul Operating).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: -2.07 (needs <= -2.873 (5% critical value))
Business leadership

Business size

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

YearCPCSXLarger
2025-$14.1B-
2024-$14.5B-
2023-$14.7B-
2022-$14.9B-
2021-$12.5B-
2020-$10.6B-

Market value: CP $77.3B, CSX $88.7B.

Stock leadership

CSX is ahead now

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

CSX leads CP by 1.92 standard deviations: +10.0% over its usual price ratio. 0 lead switches in the last year.

Price change3 mo6 mo12 mo
CP-1.9%+5.2%+19.8%
CSX-2.9%+11.9%+44.6%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.65 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.07 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 21.65 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CP Canadian Pacific Kansas City Limited CSX CSX CorporationPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026CP 113CSX 151
Spread z-score: CP relative to CSX, against the 252 sessions before each day. Above 0: CP ahead; below 0: CSX ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCP indexCSX indexzAhead
2026-10-22113.16151.44-1.92CSX ahead
2026-10-21110.01141.85-1.18CSX ahead
2026-10-20109.05140.91-1.23CSX ahead
2026-10-19108.12140.33-1.33CSX ahead
2026-10-16109.09142.67-1.49CSX ahead
2026-10-15108.53142.70-1.61CSX ahead
2026-10-14107.54141.50-1.63CSX ahead
2026-10-13107.06139.98-1.52CSX ahead
2026-10-12106.81139.95-1.57CSX ahead
2026-10-09105.47138.51-1.63CSX ahead
2026-10-08105.33138.75-1.70CSX ahead
2026-10-07104.43137.19-1.66CSX ahead
2026-10-06106.68139.21-1.53CSX ahead
2026-10-05107.14139.01-1.43CSX ahead
2026-10-02107.32139.01-1.40CSX ahead
2026-10-01105.48136.40-1.38CSX ahead
2026-09-30106.27136.31-1.23CSX ahead
2026-09-29108.03137.54-1.09CSX ahead
2026-09-28108.09137.05-1.02CSX ahead
2026-09-25108.53137.10-0.95CSX ahead
2026-09-24109.04137.60-0.94CSX ahead
2026-09-23110.24138.31-0.83CSX ahead
2026-09-22109.88136.55-0.66CSX ahead
2026-09-21108.40134.79-0.67CSX ahead
2026-09-18109.24138.04-0.97CSX ahead
2026-09-17110.86140.39-1.00CSX ahead
2026-09-16109.49140.39-1.22CSX ahead
2026-09-15111.16142.61-1.23CSX ahead
2026-09-14112.10143.35-1.18CSX ahead
2026-09-11111.43143.46-1.29CSX ahead
2026-09-10110.94143.73-1.40CSX ahead
2026-09-09112.48141.76-0.94CSX ahead
2026-09-08113.80143.61-0.96CSX ahead
2026-09-04114.39144.81-1.02CSX ahead
2026-09-03114.01143.58-0.93CSX ahead
2026-09-02111.81142.58-1.13CSX ahead
2026-09-01111.10142.73-1.25CSX ahead
2026-08-31115.75148.04-1.18CSX ahead
2026-08-28117.53150.29-1.18CSX ahead
2026-08-27117.21151.06-1.30CSX ahead
2026-08-26118.27151.70-1.24CSX ahead
2026-08-25117.81150.97-1.24CSX ahead
2026-08-24118.23150.76-1.17CSX ahead
2026-08-21120.74151.20-0.91CSX ahead
2026-08-20118.42149.38-1.03CSX ahead
2026-08-19117.93148.53-1.01CSX ahead
2026-08-18116.98147.25-1.01CSX ahead
2026-08-17117.28148.24-1.08CSX ahead
2026-08-14116.76147.01-1.03CSX ahead
2026-08-13117.28146.95-0.96CSX ahead
2026-08-12115.75146.78-1.15CSX ahead
2026-08-11114.79146.37-1.24CSX ahead
2026-08-10113.02146.89-1.55CSX ahead
2026-08-07114.41147.33-1.42CSX ahead
2026-08-06112.70148.59-1.79CSX ahead
2026-08-05114.20149.82-1.74CSX ahead
2026-08-04113.17149.56-1.87CSX ahead
2026-08-03113.20146.04-1.51CSX ahead
2026-07-31113.20147.71-1.71CSX ahead
2026-07-30110.09147.10-2.10CSX ahead
2026-07-29114.00148.71-1.74CSX ahead
2026-07-28114.51149.00-1.72CSX ahead
2026-07-27114.14151.82-2.09CSX ahead
2026-07-24115.33156.01-2.39CSX ahead
2026-07-23115.28154.78-2.30CSX ahead
2026-07-22114.04146.34-1.59CSX ahead
2026-07-21113.84146.22-1.61CSX ahead
2026-07-20114.46146.86-1.60CSX ahead
2026-07-17117.02148.74-1.45CSX ahead
2026-07-16116.02149.15-1.63CSX ahead
2026-07-15112.97144.87-1.60CSX ahead
2026-07-14114.07146.31-1.60CSX ahead
2026-07-13114.07145.49-1.52CSX ahead
2026-07-10112.54144.81-1.65CSX ahead
2026-07-09112.80144.64-1.61CSX ahead
2026-07-08111.64142.70-1.56CSX ahead
2026-07-07110.79142.17-1.63CSX ahead
2026-07-06109.89143.05-1.84CSX ahead
2026-07-02109.63143.29-1.91CSX ahead
2026-07-01107.29141.65-2.07CSX ahead
2026-06-30108.20139.30-1.71CSX ahead
2026-06-29108.53140.71-1.82CSX ahead
2026-06-26109.55139.68-1.59CSX ahead
2026-06-25108.69139.04-1.64CSX ahead
2026-06-24105.87134.99-1.60CSX ahead
2026-06-23106.51135.29-1.55CSX ahead
2026-06-22106.98135.40-1.50CSX ahead
2026-06-18107.43133.73-1.28CSX ahead
2026-06-17106.91133.56-1.33CSX ahead
2026-06-16111.33137.46-1.17CSX ahead
2026-06-15111.48138.89-1.30CSX ahead
2026-06-12112.49139.42-1.23CSX ahead
2026-06-11111.53138.82-1.29CSX ahead
2026-06-10111.89136.02-0.99CSX ahead
2026-06-09112.64138.57-1.14CSX ahead
2026-06-08112.45138.07-1.12CSX ahead
2026-06-05112.30137.72-1.11CSX ahead
2026-06-04111.76135.49-0.97CSX ahead
2026-06-03111.29136.11-1.08CSX ahead
2026-06-02112.57135.23-0.86CSX ahead
2026-06-01110.74134.41-0.99CSX ahead
2026-05-29111.54132.65-0.75CSX ahead
2026-05-28113.14134.26-0.73CSX ahead
2026-05-27113.96138.16-0.98CSX ahead
2026-05-26111.29136.61-1.13CSX ahead
2026-05-22107.72133.41-1.24CSX ahead
2026-05-21108.28134.53-1.27CSX ahead
2026-05-20107.82134.64-1.34CSX ahead
2026-05-19107.55135.05-1.40CSX ahead
2026-05-18107.67135.40-1.43CSX ahead
2026-05-15106.23133.82-1.45CSX ahead
2026-05-14108.52134.58-1.29CSX ahead
2026-05-13106.94130.13-1.09CSX ahead
2026-05-12107.17130.51-1.10CSX ahead
2026-05-11105.86131.13-1.29CSX ahead
2026-05-08107.44131.39-1.16CSX ahead
2026-05-07106.42130.30-1.18CSX ahead
2026-05-06107.37133.65-1.36CSX ahead
2026-05-05104.27131.98-1.55CSX ahead
2026-05-04103.81131.07-1.53CSX ahead
2026-05-01107.67132.15-1.24CSX ahead
2026-04-30108.59133.15-1.24CSX ahead
2026-04-29105.24130.95-1.40CSX ahead
2026-04-28108.33132.56-1.23CSX ahead
2026-04-27109.09133.24-1.22CSX ahead
2026-04-24108.50133.09-1.27CSX ahead
2026-04-23107.62135.35-1.54CSX ahead
2026-04-22102.76126.55-1.33CSX ahead
2026-04-21103.01127.11-1.35CSX ahead
2026-04-20102.02128.11-1.54CSX ahead
2026-04-17101.75126.96-1.49CSX ahead
2026-04-16100.07125.21-1.52CSX ahead
2026-04-15101.16123.39-1.28CSX ahead
2026-04-14102.63124.59-1.24CSX ahead
2026-04-13101.69124.12-1.30CSX ahead
2026-04-10100.74123.80-1.38CSX ahead
2026-04-09101.40124.53-1.38CSX ahead
2026-04-08101.96123.51-1.26CSX ahead
2026-04-07100.00121.40-1.29CSX ahead
2026-04-0699.28121.57-1.39CSX ahead
2026-04-0298.61120.81-1.40CSX ahead
2026-04-0197.43121.45-1.59CSX ahead
2026-03-3198.23120.31-1.43CSX ahead
2026-03-3096.80116.56-1.27CSX ahead
2026-03-2797.69116.27-1.16CSX ahead
2026-03-2698.75115.91-1.03CSX ahead
2026-03-2599.98115.97-0.92CSX ahead
2026-03-2498.95113.92-0.85CSX ahead
2026-03-2399.23114.13-0.84CSX ahead
2026-03-2097.70111.87-0.81CSX ahead
2026-03-1997.98112.81-0.87CSX ahead
2026-03-1899.83116.18-0.98CSX ahead
2026-03-17100.64118.13-1.08CSX ahead
2026-03-16102.34116.59-0.79CSX ahead
2026-03-13101.60115.18-0.74CSX ahead
2026-03-12101.36114.95-0.75CSX ahead
2026-03-11103.76118.23-0.81CSX ahead
2026-03-10104.81119.90-0.85CSX ahead
2026-03-09104.77118.99-0.79CSX ahead
2026-03-06103.60117.09-0.75CSX ahead
2026-03-05106.47120.60-0.77CSX ahead
2026-03-04108.40125.38-0.99CSX ahead
2026-03-03109.62125.03-0.86CSX ahead
2026-03-02111.63126.52-0.80CSX ahead
2026-02-27109.38125.12-0.90CSX ahead
2026-02-26108.79125.00-0.95CSX ahead
2026-02-25107.11123.74-1.01CSX ahead
2026-02-24107.75124.47-1.02CSX ahead
2026-02-23105.83123.01-1.09CSX ahead
2026-02-20106.27124.00-1.14CSX ahead
2026-02-19105.77122.16-1.04CSX ahead
2026-02-18104.56121.22-1.09CSX ahead
2026-02-17104.75120.25-1.00CSX ahead
2026-02-13104.62119.78-0.98CSX ahead
2026-02-12104.53119.28-0.95CSX ahead
2026-02-11104.68121.16-1.10CSX ahead
2026-02-10103.75119.87-1.09CSX ahead
2026-02-09101.30119.34-1.30CSX ahead
2026-02-06100.39119.02-1.38CSX ahead
2026-02-0598.75116.85-1.37CSX ahead
2026-02-0499.35116.79-1.31CSX ahead
2026-02-0395.67114.74-1.53CSX ahead
2026-02-0293.72112.51-1.56CSX ahead
2026-01-3092.83110.67-1.50CSX ahead
2026-01-2994.71110.99-1.33CSX ahead
2026-01-2889.64109.55-1.79CSX ahead
2026-01-2790.85110.40-1.75CSX ahead
2026-01-2690.60109.82-1.74CSX ahead
2026-01-2390.95107.39-1.47CSX ahead
2026-01-2290.42104.87-1.29CSX ahead
2026-01-2189.90107.06-1.59CSX ahead
2026-01-2087.67104.07-1.57CSX ahead
2026-01-1690.56106.24-1.45CSX ahead
2026-01-1590.40106.39-1.50CSX ahead
2026-01-1490.00106.04-1.53CSX ahead
2026-01-1388.22104.43-1.59CSX ahead
2026-01-1289.45103.22-1.32CSX ahead
2026-01-0989.37103.17-1.34CSX ahead
2026-01-0890.17103.52-1.29CSX ahead
2026-01-0788.01102.73-1.48CSX ahead
2026-01-0691.73105.72-1.35CSX ahead
2026-01-0590.80105.25-1.43CSX ahead
2026-01-0292.97106.30-1.28CSX ahead
2025-12-3191.95106.24-1.41CSX ahead
2025-12-3092.77106.74-1.37CSX ahead
2025-12-2993.34107.62-1.40CSX ahead
2025-12-2693.32107.33-1.39CSX ahead
2025-12-2493.11107.80-1.47CSX ahead
2025-12-2392.97107.24-1.44CSX ahead
2025-12-2293.01107.09-1.43CSX ahead
2025-12-1992.66106.98-1.47CSX ahead
2025-12-1892.67107.30-1.52CSX ahead
2025-12-1791.81106.98-1.60CSX ahead
2025-12-1691.60107.85-1.74CSX ahead
2025-12-1592.93108.97-1.71CSX ahead
2025-12-1293.87109.58-1.67CSX ahead
2025-12-1193.96108.88-1.59CSX ahead
2025-12-1093.53108.70-1.64CSX ahead
2025-12-0991.26106.59-1.71CSX ahead
2025-12-0892.56106.54-1.54CSX ahead
2025-12-0592.11106.39-1.59CSX ahead
2025-12-0492.35106.04-1.52CSX ahead
2025-12-0392.31105.36-1.45CSX ahead
2025-12-0289.79102.49-1.45CSX ahead
2025-12-0190.36102.14-1.33CSX ahead
2025-11-2890.62103.63-1.47CSX ahead
2025-11-2690.02103.46-1.54CSX ahead
2025-11-2589.32102.29-1.50CSX ahead
2025-11-2487.40100.79-1.59CSX ahead
2025-11-2187.43100.47-1.56CSX ahead
2025-11-2086.0198.71-1.55CSX ahead
2025-11-1986.5699.53-1.57CSX ahead
2025-11-1886.8099.62-1.56CSX ahead
2025-11-1787.8499.68-1.42CSX ahead
2025-11-1488.29102.29-1.68CSX ahead
2025-11-1388.85102.23-1.60CSX ahead
2025-11-1290.45103.72-1.57CSX ahead
2025-11-1189.17102.52-1.61CSX ahead
2025-11-1088.66102.93-1.74CSX ahead
2025-11-0788.52103.58-1.86CSX ahead
2025-11-0686.04103.05-2.19CSX ahead
2025-11-0587.85103.52-2.00CSX ahead
2025-11-0488.19105.04-2.17CSX ahead
2025-11-0388.29105.01-2.18CSX ahead
2025-10-3189.85105.57-2.04CSX ahead
2025-10-3090.67104.45-1.80CSX ahead
2025-10-2991.37103.46-1.59CSX ahead
2025-10-2892.87104.57-1.52CSX ahead
2025-10-2792.98105.51-1.64CSX ahead
2025-10-2494.27105.89-1.52CSX ahead
2025-10-2394.83104.13-1.22CSX ahead
2025-10-2295.53105.28-1.28CSX ahead
2025-10-2194.44104.72-1.37CSX ahead
2025-10-2095.57107.47-1.58CSX ahead
2025-10-1795.54107.27-1.57CSX ahead
2025-10-1694.24105.48-1.54CSX ahead
2025-10-1595.83106.21-1.42CSX ahead
2025-10-1495.13105.89-1.49CSX ahead
2025-10-1394.99104.25-1.30CSX ahead
2025-10-1093.53104.02-1.50CSX ahead
2025-10-0994.57105.66-1.58CSX ahead
2025-10-0896.98105.36-1.19CSX ahead
2025-10-0797.07105.48-1.20CSX ahead
2025-10-0696.60106.24-1.39CSX ahead
2025-10-0396.89105.54-1.26CSX ahead
2025-10-0294.73104.25-1.42CSX ahead
2025-10-0193.44102.58-1.39CSX ahead
2025-09-3093.02104.07-1.69CSX ahead
2025-09-2991.70105.01-2.05CSX ahead
2025-09-2691.8099.68-1.28CSX ahead
2025-09-2592.6799.00-1.05CSX ahead
2025-09-2492.4899.12-1.11CSX ahead
2025-09-2392.5799.85-1.21CSX ahead
2025-09-2293.1997.30-0.74CSX ahead
2025-09-1994.4296.66-0.46near the usual relationship
2025-09-1894.4297.98-0.66CSX ahead
2025-09-1794.0296.04-0.44near the usual relationship
2025-09-1695.0295.16-0.16near the usual relationship
2025-09-1594.8295.25-0.21near the usual relationship
2025-09-1293.7695.16-0.36near the usual relationship
2025-09-1194.5496.28-0.41near the usual relationship
2025-09-1093.0393.93-0.29near the usual relationship
2025-09-0993.3294.37-0.32near the usual relationship
2025-09-0895.0995.05-0.15near the usual relationship
2025-09-0595.6995.34-0.11near the usual relationship
2025-09-0495.8595.72-0.14near the usual relationship
2025-09-0395.7594.61+0.01near the usual relationship
2025-09-0295.4494.34+0.00near the usual relationship
2025-08-2995.1495.28-0.19near the usual relationship
2025-08-2895.2495.72-0.24near the usual relationship
2025-08-2795.9895.37-0.08near the usual relationship
2025-08-2695.2294.99-0.14near the usual relationship
2025-08-2591.6596.16-0.87CSX ahead
2025-08-2293.42101.35-1.36CSX ahead
2025-08-2191.45105.13-2.23CSX ahead
2025-08-2092.77105.48-2.09CSX ahead
2025-08-1993.46107.03-2.23CSX ahead
2025-08-1891.85105.48-2.30CSX ahead
2025-08-1592.69106.45-2.33CSX ahead
2025-08-1492.26106.54-2.45CSX ahead
2025-08-1394.44105.74-2.00CSX ahead
2025-08-1293.62104.98-2.04CSX ahead
2025-08-1193.06103.25-1.89CSX ahead
2025-08-0893.68103.84-1.89CSX ahead
2025-08-0794.14103.31-1.75CSX ahead
2025-08-0695.53105.54-1.88CSX ahead
2025-08-0593.78104.48-2.03CSX ahead
2025-08-0492.91103.93-2.12CSX ahead
2025-08-0191.01102.61-2.28CSX ahead
2025-07-3191.85104.16-2.41CSX ahead
2025-07-3094.54103.43-1.84CSX ahead
2025-07-2995.14103.81-1.81CSX ahead
2025-07-2894.78104.66-2.04CSX ahead
2025-07-2596.07104.81-1.85CSX ahead
2025-07-2495.08102.58-1.68CSX ahead
2025-07-2396.55102.49-1.41CSX ahead
2025-07-2297.78103.25-1.33CSX ahead
2025-07-2196.78100.70-1.08CSX ahead
2025-07-1896.80100.79-1.10CSX ahead
2025-07-17100.22101.11-0.56CSX ahead
2025-07-16100.9697.48+0.20near the usual relationship
2025-07-15101.3098.12+0.15near the usual relationship
2025-07-14101.3599.59-0.10near the usual relationship
2025-07-11102.0299.94-0.05near the usual relationship
2025-07-10102.9198.30+0.39near the usual relationship
2025-07-09101.6497.68+0.28near the usual relationship
2025-07-08100.7997.86+0.11near the usual relationship
2025-07-0799.5196.86+0.06near the usual relationship
2025-07-03101.1998.48+0.07near the usual relationship
2025-07-02102.0998.51+0.22near the usual relationship
2025-07-01100.4798.09+0.02near the usual relationship
2025-06-3098.9995.63+0.20near the usual relationship
2025-06-2797.7996.45-0.16near the usual relationship
2025-06-2698.6595.46+0.17near the usual relationship
2025-06-2597.2995.22-0.02near the usual relationship
2025-06-2498.9895.19+0.28near the usual relationship
2025-06-2399.6995.02+0.44near the usual relationship
2025-06-20100.1193.96+0.71CP ahead
2025-06-18100.0994.49+0.61CP ahead
2025-06-17100.0794.14+0.68CP ahead
2025-06-16101.9995.43+0.78CP ahead
2025-06-13100.4294.14+0.75CP ahead
2025-06-12101.3494.93+0.77CP ahead
2025-06-11100.8594.72+0.73CP ahead
2025-06-10101.4695.57+0.68CP ahead
2025-06-09101.9793.73+1.12CP ahead
2025-06-06102.2794.46+1.04CP ahead
2025-06-05102.2293.02+1.31CP ahead
2025-06-04102.4293.58+1.25CP ahead
2025-06-03102.6693.38+1.34CP ahead
2025-06-02101.6191.56+1.52CP ahead
2025-05-30101.9692.58+1.39CP ahead
2025-05-29101.4192.09+1.41CP ahead
2025-05-28100.8491.85+1.36CP ahead
2025-05-27100.7092.12+1.29CP ahead
2025-05-23100.1190.33+1.55CP ahead
2025-05-22100.4089.80+1.72CP ahead
2025-05-21101.1789.36+1.97CP ahead
2025-05-20102.3991.53+1.77CP ahead
2025-05-19101.9191.47+1.71CP ahead
2025-05-16101.9191.79+1.66CP ahead
2025-05-15101.7691.74+1.66CP ahead
2025-05-14101.5090.94+1.79CP ahead
2025-05-1398.0689.51+1.46CP ahead
2025-05-1295.6588.83+1.14CP ahead
2025-05-0991.5884.23+1.33CP ahead
2025-05-0892.1284.88+1.30CP ahead
2025-05-0792.1883.15+1.73CP ahead
2025-05-0691.7182.33+1.84CP ahead
2025-05-0592.4083.44+1.74CP ahead
2025-05-0293.5984.11+1.85CP ahead
2025-05-0190.8282.39+1.69CP ahead
2025-04-3090.5082.27+1.66CP ahead
2025-04-2990.0182.21+1.58CP ahead
2025-04-2889.7181.68+1.65CP ahead
2025-04-2590.5181.59+1.86CP ahead
2025-04-2491.2582.47+1.82CP ahead
2025-04-2391.0780.86+2.20CP ahead
2025-04-2290.9781.42+2.06CP ahead
2025-04-2191.3080.48+2.40CP ahead
2025-04-1793.0781.13+2.68CP ahead
2025-04-1691.0580.16+2.51CP ahead
2025-04-1592.0081.77+2.34CP ahead
2025-04-1492.3282.85+2.15CP ahead
2025-04-1191.8582.09+2.26CP ahead
2025-04-1088.9281.54+1.72CP ahead
2025-04-0991.3884.00+1.67CP ahead
2025-04-0883.8578.22+1.36CP ahead
2025-04-0785.6579.40+1.51CP ahead
2025-04-0487.6579.75+1.94CP ahead
2025-04-0388.0182.03+1.41CP ahead
2025-04-0290.4887.16+0.68CP ahead
2025-04-0188.7286.58+0.39near the usual relationship
2025-03-3187.6786.25+0.21near the usual relationship
2025-03-2886.6985.32+0.20near the usual relationship
2025-03-2789.3587.69+0.26near the usual relationship
2025-03-2691.5187.63+0.82CP ahead
2025-03-2590.3886.55+0.82CP ahead
2025-03-2491.5287.49+0.86CP ahead
2025-03-2189.8686.66+0.67CP ahead
2025-03-2091.8887.87+0.86CP ahead
2025-03-1992.7288.13+1.00CP ahead
2025-03-1892.7988.69+0.88CP ahead
2025-03-1794.0288.89+1.13CP ahead
2025-03-1494.0287.95+1.37CP ahead
2025-03-1390.8585.38+1.28CP ahead
2025-03-1292.5686.61+1.39CP ahead
2025-03-1191.2786.52+1.10CP ahead
2025-03-1092.7989.83+0.63CP ahead
2025-03-0796.9891.62+1.19CP ahead
2025-03-0697.8990.65+1.66CP ahead
2025-03-0595.9390.62+1.22CP ahead
2025-03-0492.7191.44+0.23near the usual relationship
2025-03-0394.6893.58+0.19near the usual relationship
2025-02-2897.3093.82+0.76CP ahead
2025-02-2795.5593.82+0.35near the usual relationship
2025-02-2697.0593.73+0.73CP ahead
2025-02-2596.7794.05+0.59CP ahead
2025-02-2495.2893.23+0.44near the usual relationship
2025-02-2196.6794.67+0.43near the usual relationship
2025-02-2097.6095.13+0.54CP ahead
2025-02-1997.7994.99+0.62CP ahead
2025-02-1899.0398.59+0.06near the usual relationship
2025-02-1496.8097.80-0.27near the usual relationship
2025-02-1397.7597.01+0.14near the usual relationship
2025-02-1297.2396.48+0.14near the usual relationship
2025-02-1197.9597.04+0.18near the usual relationship
2025-02-1097.5596.95+0.11near the usual relationship
2025-02-0796.3895.52+0.18near the usual relationship
2025-02-0697.8695.96+0.43near the usual relationship
2025-02-0597.5096.37+0.25near the usual relationship
2025-02-0496.3096.34-0.02near the usual relationship
2025-02-0393.3495.28-0.47near the usual relationship
2025-01-3199.4096.34+0.70CP ahead
2025-01-3099.6896.31+0.78CP ahead
2025-01-2998.4596.66+0.43near the usual relationship
2025-01-2898.9095.78+0.74CP ahead
2025-01-27100.7798.59+0.52CP ahead
2025-01-2499.6495.81+0.91CP ahead
2025-01-2399.9498.68+0.32near the usual relationship
2025-01-2297.9397.42+0.16near the usual relationship
2025-01-2197.0097.51-0.07near the usual relationship
2025-01-1793.4395.93-0.54CSX ahead
2025-01-1693.1196.63-0.78CSX ahead
2025-01-1592.7795.13-0.51CSX ahead
2025-01-1492.6494.20-0.31near the usual relationship
2025-01-1392.1193.46-0.27near the usual relationship
2025-01-1093.2793.14+0.09near the usual relationship
2025-01-0895.1594.37+0.24near the usual relationship
2025-01-0796.3294.34+0.52CP ahead
2025-01-0695.3393.79+0.43near the usual relationship
2025-01-0392.3094.78-0.52CSX ahead
2025-01-0292.0194.26-0.46near the usual relationship
2024-12-3190.3794.58-0.94CSX ahead
2024-12-3089.8694.23-0.98CSX ahead
2024-12-2790.6195.13-1.02CSX ahead
2024-12-2691.3395.31-0.88CSX ahead
2024-12-2491.6395.46-0.85CSX ahead
2024-12-2391.3594.43-0.68CSX ahead
2024-12-2090.2393.35-0.69CSX ahead
2024-12-1988.7992.56-0.86CSX ahead
2024-12-1891.1794.02-0.62CSX ahead
2024-12-1791.8196.51-1.04CSX ahead
2024-12-1692.5896.54-0.86CSX ahead
2024-12-1392.8797.42-1.00CSX ahead
2024-12-1293.2398.71-1.20CSX ahead
2024-12-1195.0398.51-0.73CSX ahead
2024-12-1094.42100.15-1.24CSX ahead
2024-12-0994.3899.56-1.11CSX ahead
2024-12-0694.04100.97-1.51CSX ahead
2024-12-0595.35101.47-1.31CSX ahead
2024-12-0495.34103.46-1.75CSX ahead
2024-12-0394.39105.51-2.44CSX ahead
2024-12-0295.29106.51-2.46CSX ahead
2024-11-2995.64107.12-2.54CSX ahead
2024-11-2794.09107.21-2.98CSX ahead
2024-11-2692.89107.53-3.41CSX ahead
2024-11-2596.23107.33-2.56CSX ahead
2024-11-2295.77104.87-2.13CSX ahead
2024-11-2193.89103.58-2.33CSX ahead
2024-11-2091.82101.32-2.36CSX ahead
2024-11-1992.13101.41-2.32CSX ahead
2024-11-1892.35102.49-2.57CSX ahead
2024-11-1592.40102.96-2.71CSX ahead
2024-11-1494.74104.43-2.47CSX ahead
2024-11-1394.91106.92-3.09CSX ahead
2024-11-1296.02105.89-2.58CSX ahead
2024-11-1196.65107.03-2.74CSX ahead
2024-11-0896.89105.51-2.33CSX ahead
2024-11-0798.41104.22-1.60CSX ahead
2024-11-0698.01108.09-2.73CSX ahead
2024-11-0599.0699.71-0.26near the usual relationship
2024-11-0497.5497.77-0.15near the usual relationship
2024-11-0196.2397.86-0.54CSX ahead
2024-10-3196.3598.59-0.71CSX ahead
2024-10-3097.6398.30-0.28near the usual relationship
2024-10-2997.3997.45-0.11near the usual relationship
2024-10-2897.2897.48-0.15near the usual relationship
2024-10-2596.2997.51-0.44near the usual relationship
2024-10-2498.0497.01+0.19near the usual relationship
2024-10-2398.4498.45-0.10near the usual relationship
2024-10-2299.4699.21-0.03near the usual relationship
2024-10-2198.3498.65-0.18near the usual relationship
2024-10-18100.00100.00-0.09near the usual relationship

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 6, 2024 (CP -1.1%, CSX +8.4%). Upcoming earnings: CP Oct 28, 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)

1 simulated trade to Oct 20, 2026: +7.95% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long CP · Short CSXJul 11, 2023Jul 24, 2023converged13$844.88-$45.81$794.66 (+7.95%)

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

The companies

CP and CSX at a glance

CP Canadian Pacific Kansas City Limited

Listing
NYSE · SEC CIK 16875
Industry
Railroads · SIC 4011 Railroads, Line-Haul Operating
Market value
$77.3B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

CSX CSX Corporation

Listing
Nasdaq · SEC CIK 277948
Industry
Railroads · SIC 4011 Railroads, Line-Haul Operating
Market value
$88.7B
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
UNP / CPWatchlistUNP by 1.63 sdRailroads
UNP / CSXWatchlistCSX by 1.09 sdRailroads

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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.