SIC 7371 Services-Computer Programming Services

Cognizant Technology Solutions Corporation vs Zscaler Inc.

WatchlistCTSH / ZSPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($35B vs $30B) with SEC SIC 7371 (Services-Computer Programming Services).

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: 0.28 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -2.49 (needs <= -2.873 (5% critical value))
Business leadership

CTSH is the larger business

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

YearCTSHZSLarger
2025$21.1B$2.7BCTSH
2024$19.7B$2.2BCTSH
2023$19.4B$1.6BCTSH
2022$19.4B$1.1BCTSH
2021$18.5B$673MCTSH
2020$16.7B$431MCTSH

CTSH led in every year with figures for both. Market value: CTSH $30.1B, ZS $34.7B.

Stock leadership

ZS is ahead now

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

ZS leads CTSH by 0.50 standard deviations: +10.3% over its usual price ratio. 4 lead switches in the last year.

Price change3 mo6 mo12 mo
CTSH+62.2%+33.8%+7.2%
ZS+67.1%+78.8%-23.4%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2163 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.28 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.49 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 19.40 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CTSH Cognizant Technology Solutions Corporation ZS Zscaler Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
50100150Oct 2024Oct 2025Oct 2026CTSH 95ZS 125
Spread z-score: CTSH relative to ZS, against the 252 sessions before each day. Above 0: CTSH ahead; below 0: ZS ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCTSH indexZS indexzAhead
2026-10-2294.51125.13-0.50ZS ahead
2026-10-2189.17121.75-0.64ZS ahead
2026-10-2087.41112.89-0.35near the usual relationship
2026-10-1985.63111.85-0.40near the usual relationship
2026-10-1684.65109.14-0.32near the usual relationship
2026-10-1584.32116.01-0.63ZS ahead
2026-10-1480.09116.20-0.88ZS ahead
2026-10-1378.63120.34-1.12ZS ahead
2026-10-1276.51118.83-1.18ZS ahead
2026-10-0975.90123.01-1.37ZS ahead
2026-10-0876.94114.10-0.95ZS ahead
2026-10-0773.17112.39-1.10ZS ahead
2026-10-0673.36111.70-1.05ZS ahead
2026-10-0574.58106.20-0.73ZS ahead
2026-10-0275.01103.47-0.57ZS ahead
2026-10-0178.05104.62-0.43near the usual relationship
2026-09-3073.64104.95-0.70ZS ahead
2026-09-2972.87104.39-0.72ZS ahead
2026-09-2872.76104.94-0.74ZS ahead
2026-09-2573.50101.60-0.55ZS ahead
2026-09-2473.29112.96-1.03ZS ahead
2026-09-2375.82112.86-0.87ZS ahead
2026-09-2275.23110.62-0.80ZS ahead
2026-09-2176.13109.01-0.68ZS ahead
2026-09-1876.76103.84-0.43near the usual relationship
2026-09-1779.33103.93-0.28near the usual relationship
2026-09-1679.29100.83-0.14near the usual relationship
2026-09-1581.13102.04-0.09near the usual relationship
2026-09-1482.18100.91+0.02near the usual relationship
2026-09-1176.9286.60+0.40near the usual relationship
2026-09-1074.7786.04+0.31near the usual relationship
2026-09-0974.6287.42+0.24near the usual relationship
2026-09-0876.8285.23+0.48near the usual relationship
2026-09-0479.8889.36+0.45near the usual relationship
2026-09-0382.8793.57+0.41near the usual relationship
2026-09-0281.2890.91+0.46near the usual relationship
2026-09-0181.2793.87+0.33near the usual relationship
2026-08-3182.7999.14+0.18near the usual relationship
2026-08-2882.1096.96+0.24near the usual relationship
2026-08-2781.7498.57+0.16near the usual relationship
2026-08-2679.6089.63+0.45near the usual relationship
2026-08-2580.8588.64+0.57CTSH ahead
2026-08-2479.7492.66+0.33near the usual relationship
2026-08-2179.3295.65+0.18near the usual relationship
2026-08-2078.1092.07+0.28near the usual relationship
2026-08-1978.1297.15+0.05near the usual relationship
2026-08-1874.0897.73-0.19near the usual relationship
2026-08-1772.5897.07-0.24near the usual relationship
2026-08-1475.3796.63-0.06near the usual relationship
2026-08-1376.0199.04-0.13near the usual relationship
2026-08-1274.6293.32+0.05near the usual relationship
2026-08-1175.1393.97+0.05near the usual relationship
2026-08-1074.7692.98+0.08near the usual relationship
2026-08-0773.9488.77+0.23near the usual relationship
2026-08-0672.9485.57+0.33near the usual relationship
2026-08-0571.5185.07+0.28near the usual relationship
2026-08-0471.9685.90+0.27near the usual relationship
2026-08-0370.7381.29+0.43near the usual relationship
2026-07-3170.9679.57+0.54CTSH ahead
2026-07-3069.1078.10+0.51CTSH ahead
2026-07-2971.7680.93+0.52CTSH ahead
2026-07-2864.5079.80+0.15near the usual relationship
2026-07-2760.3277.52-0.01near the usual relationship
2026-07-2458.2774.90+0.00near the usual relationship
2026-07-2355.1473.52-0.15near the usual relationship
2026-07-2255.3674.87-0.21near the usual relationship
2026-07-2155.9478.27-0.34near the usual relationship
2026-07-2057.2378.85-0.28near the usual relationship
2026-07-1757.4078.91-0.27near the usual relationship
2026-07-1657.1377.06-0.19near the usual relationship
2026-07-1555.3677.99-0.36near the usual relationship
2026-07-1455.1780.04-0.48near the usual relationship
2026-07-1356.6274.64-0.09near the usual relationship
2026-07-1054.5873.30-0.16near the usual relationship
2026-07-0955.6477.43-0.30near the usual relationship
2026-07-0854.4075.55-0.29near the usual relationship
2026-07-0756.3378.68-0.31near the usual relationship
2026-07-0653.0479.16-0.57ZS ahead
2026-07-0253.8377.54-0.43near the usual relationship
2026-07-0152.6577.07-0.49near the usual relationship
2026-06-3049.6574.29-0.58ZS ahead
2026-06-2949.6772.42-0.47near the usual relationship
2026-06-2651.3269.61-0.18near the usual relationship
2026-06-2550.1965.15+0.00near the usual relationship
2026-06-2453.1366.98+0.12near the usual relationship
2026-06-2352.5066.40+0.11near the usual relationship
2026-06-2253.6365.29+0.27near the usual relationship
2026-06-1856.0365.71+0.42near the usual relationship
2026-06-1762.5965.46+0.88CTSH ahead
2026-06-1665.4566.96+0.97CTSH ahead
2026-06-1565.1568.64+0.87CTSH ahead
2026-06-1266.8868.16+1.00CTSH ahead
2026-06-1165.6266.37+1.04CTSH ahead
2026-06-1066.4265.64+1.14CTSH ahead
2026-06-0967.8766.23+1.20CTSH ahead
2026-06-0867.9468.02+1.11CTSH ahead
2026-06-0568.2268.83+1.09CTSH ahead
2026-06-0468.4671.19+0.97CTSH ahead
2026-06-0368.6070.72+1.02CTSH ahead
2026-06-0270.6975.86+0.86CTSH ahead
2026-06-0173.2881.95+0.70CTSH ahead
2026-05-2971.4873.54+1.04CTSH ahead
2026-05-2869.0468.44+1.20CTSH ahead
2026-05-2768.1566.53+1.27CTSH ahead
2026-05-2666.4297.15-0.38near the usual relationship
2026-05-2267.6395.98-0.26near the usual relationship
2026-05-2167.0890.00-0.03near the usual relationship
2026-05-2065.7791.81-0.19near the usual relationship
2026-05-1965.2392.23-0.24near the usual relationship
2026-05-1865.8991.94-0.19near the usual relationship
2026-05-1560.4284.76-0.22near the usual relationship
2026-05-1459.0480.89-0.12near the usual relationship
2026-05-1358.9480.22-0.10near the usual relationship
2026-05-1261.1976.93+0.23near the usual relationship
2026-05-1163.1478.35+0.28near the usual relationship
2026-05-0866.2680.06+0.39near the usual relationship
2026-05-0766.5980.41+0.39near the usual relationship
2026-05-0665.8173.06+0.73CTSH ahead
2026-05-0566.5074.40+0.70CTSH ahead
2026-05-0466.4974.84+0.68CTSH ahead
2026-05-0167.2273.58+0.80CTSH ahead
2026-04-3067.8268.78+1.11CTSH ahead
2026-04-2970.1370.91+1.13CTSH ahead
2026-04-2870.6771.61+1.13CTSH ahead
2026-04-2770.0470.58+1.16CTSH ahead
2026-04-2470.6571.31+1.16CTSH ahead
2026-04-2370.6469.98+1.24CTSH ahead
2026-04-2275.4075.08+1.22CTSH ahead
2026-04-2177.5073.48+1.43CTSH ahead
2026-04-2077.2670.94+1.58CTSH ahead
2026-04-1778.5970.88+1.66CTSH ahead
2026-04-1677.6070.70+1.63CTSH ahead
2026-04-1577.4268.95+1.74CTSH ahead
2026-04-1476.9764.57+2.02CTSH ahead
2026-04-1377.6064.53+2.07CTSH ahead
2026-04-1074.2662.13+2.07CTSH ahead
2026-04-0975.9064.33+2.03CTSH ahead
2026-04-0878.2172.55+1.64CTSH ahead
2026-04-0778.8374.78+1.55CTSH ahead
2026-04-0679.9473.43+1.70CTSH ahead
2026-04-0280.1872.92+1.76CTSH ahead
2026-04-0178.5371.93+1.73CTSH ahead
2026-03-3178.6573.83+1.63CTSH ahead
2026-03-3078.2872.24+1.72CTSH ahead
2026-03-2776.5870.08+1.77CTSH ahead
2026-03-2677.9074.47+1.58CTSH ahead
2026-03-2576.6573.39+1.58CTSH ahead
2026-03-2477.2373.37+1.63CTSH ahead
2026-03-2379.4179.89+1.37CTSH ahead
2026-03-2079.5879.72+1.39CTSH ahead
2026-03-1978.9181.79+1.24CTSH ahead
2026-03-1877.2982.10+1.13CTSH ahead
2026-03-1778.6282.10+1.20CTSH ahead
2026-03-1678.2780.89+1.25CTSH ahead
2026-03-1377.4080.92+1.19CTSH ahead
2026-03-1278.4479.79+1.32CTSH ahead
2026-03-1180.0480.95+1.34CTSH ahead
2026-03-1080.7482.42+1.30CTSH ahead
2026-03-0982.8885.58+1.24CTSH ahead
2026-03-0684.9586.34+1.31CTSH ahead
2026-03-0584.3385.24+1.33CTSH ahead
2026-03-0483.4982.21+1.45CTSH ahead
2026-03-0382.4981.40+1.44CTSH ahead
2026-03-0281.4178.20+1.56CTSH ahead
2026-02-2782.6077.36+1.67CTSH ahead
2026-02-2683.2988.08+1.12CTSH ahead
2026-02-2578.6381.94+1.18CTSH ahead
2026-02-2478.2878.61+1.35CTSH ahead
2026-02-2378.3775.41+1.54CTSH ahead
2026-02-2083.3784.07+1.33CTSH ahead
2026-02-1983.3288.94+1.07CTSH ahead
2026-02-1885.6590.59+1.11CTSH ahead
2026-02-1783.5690.83+0.98CTSH ahead
2026-02-1385.3293.53+0.94CTSH ahead
2026-02-1284.4089.94+1.06CTSH ahead
2026-02-1190.9190.00+1.39CTSH ahead
2026-02-1095.6091.75+1.53CTSH ahead
2026-02-0995.6489.56+1.64CTSH ahead
2026-02-0698.8288.06+1.87CTSH ahead
2026-02-0598.5189.15+1.80CTSH ahead
2026-02-0498.3597.78+1.38CTSH ahead
2026-02-0395.5198.97+1.20CTSH ahead
2026-02-02106.29105.58+1.39CTSH ahead
2026-01-30105.21105.26+1.36CTSH ahead
2026-01-29105.71105.59+1.37CTSH ahead
2026-01-28106.79112.60+1.12CTSH ahead
2026-01-27108.53115.61+1.07CTSH ahead
2026-01-26109.76112.92+1.23CTSH ahead
2026-01-23107.92110.32+1.25CTSH ahead
2026-01-22108.47109.63+1.30CTSH ahead
2026-01-21107.73109.82+1.26CTSH ahead
2026-01-20105.40108.58+1.21CTSH ahead
2026-01-16108.64112.62+1.19CTSH ahead
2026-01-15108.74110.83+1.26CTSH ahead
2026-01-14111.15112.77+1.28CTSH ahead
2026-01-13108.29114.12+1.11CTSH ahead
2026-01-12109.27114.01+1.15CTSH ahead
2026-01-09109.31114.06+1.15CTSH ahead
2026-01-08109.96115.95+1.10CTSH ahead
2026-01-07107.83121.66+0.80CTSH ahead
2026-01-06108.49116.85+1.00CTSH ahead
2026-01-05104.65117.24+0.82CTSH ahead
2026-01-02104.21116.08+0.84CTSH ahead
2025-12-31106.41118.37+0.84CTSH ahead
2025-12-30107.87119.69+0.85CTSH ahead
2025-12-29108.97120.00+0.88CTSH ahead
2025-12-26109.71121.32+0.86CTSH ahead
2025-12-24109.51120.84+0.86CTSH ahead
2025-12-23109.21120.69+0.85CTSH ahead
2025-12-22109.24122.13+0.80CTSH ahead
2025-12-19109.50122.39+0.79CTSH ahead
2025-12-18107.38121.62+0.73CTSH ahead
2025-12-17107.22119.17+0.81CTSH ahead
2025-12-16107.22122.51+0.69CTSH ahead
2025-12-15107.76121.21+0.76CTSH ahead
2025-12-12107.62124.35+0.64CTSH ahead
2025-12-11107.46127.40+0.53CTSH ahead
2025-12-10106.69128.04+0.47near the usual relationship
2025-12-09103.78127.89+0.36near the usual relationship
2025-12-08103.47128.88+0.31near the usual relationship
2025-12-05103.49127.72+0.34near the usual relationship
2025-12-04102.82127.28+0.33near the usual relationship
2025-12-03101.59128.24+0.24near the usual relationship
2025-12-0299.60127.19+0.19near the usual relationship
2025-12-0199.27128.04+0.14near the usual relationship
2025-11-2899.63132.36+0.02near the usual relationship
2025-11-2698.78132.61-0.03near the usual relationship
2025-11-2598.01152.48-0.65ZS ahead
2025-11-2496.05147.54-0.60ZS ahead
2025-11-2197.41144.73-0.47near the usual relationship
2025-11-2092.76147.22-0.75ZS ahead
2025-11-1992.68153.58-0.94ZS ahead
2025-11-1891.99154.26-0.99ZS ahead
2025-11-1791.24155.21-1.06ZS ahead
2025-11-1493.10157.60-1.05ZS ahead
2025-11-1394.31162.41-1.13ZS ahead
2025-11-1295.13166.88-1.22ZS ahead
2025-11-1193.76174.35-1.47ZS ahead
2025-11-1093.44173.10-1.47ZS ahead
2025-11-0793.85168.42-1.35ZS ahead
2025-11-0693.37167.32-1.35ZS ahead
2025-11-0595.72170.46-1.34ZS ahead
2025-11-0493.35172.78-1.51ZS ahead
2025-11-0393.24176.97-1.63ZS ahead
2025-10-3193.44174.28-1.58ZS ahead
2025-10-3092.55169.49-1.51ZS ahead
2025-10-2991.91168.92-1.54ZS ahead
2025-10-2886.95173.14-1.90ZS ahead
2025-10-2787.24171.74-1.87ZS ahead
2025-10-2487.00169.99-1.86ZS ahead
2025-10-2387.22167.76-1.81ZS ahead
2025-10-2287.63162.05-1.66ZS ahead
2025-10-2188.17163.34-1.68ZS ahead
2025-10-2085.51160.99-1.77ZS ahead
2025-10-1784.72158.02-1.75ZS ahead
2025-10-1683.94157.49-1.80ZS ahead
2025-10-1585.58159.12-1.77ZS ahead
2025-10-1486.24158.83-1.75ZS ahead
2025-10-1385.05164.75-2.00ZS ahead
2025-10-1084.36163.09-2.01ZS ahead
2025-10-0987.96165.89-1.92ZS ahead
2025-10-0887.69165.20-1.94ZS ahead
2025-10-0787.10154.07-1.67ZS ahead
2025-10-0686.92160.64-1.88ZS ahead
2025-10-0386.74160.73-1.92ZS ahead
2025-10-0285.90161.88-2.02ZS ahead
2025-10-0185.29160.27-2.02ZS ahead
2025-09-3085.99157.71-1.93ZS ahead
2025-09-2986.00156.25-1.91ZS ahead
2025-09-2685.87155.07-1.90ZS ahead
2025-09-2585.47150.87-1.81ZS ahead
2025-09-2487.64149.69-1.67ZS ahead
2025-09-2386.76152.25-1.82ZS ahead
2025-09-2287.38153.45-1.84ZS ahead
2025-09-1985.82154.87-1.99ZS ahead
2025-09-1890.08153.21-1.73ZS ahead
2025-09-1789.78147.08-1.56ZS ahead
2025-09-1688.68148.39-1.68ZS ahead
2025-09-1587.94150.34-1.80ZS ahead
2025-09-1288.68149.04-1.73ZS ahead
2025-09-1190.45150.87-1.71ZS ahead
2025-09-1088.67146.72-1.68ZS ahead
2025-09-0990.74148.57-1.65ZS ahead
2025-09-0891.27148.20-1.62ZS ahead
2025-09-0592.08144.31-1.46ZS ahead
2025-09-0491.60141.18-1.39ZS ahead
2025-09-0392.08142.40-1.42ZS ahead
2025-09-0292.03144.50-1.51ZS ahead
2025-08-2992.63145.81-1.54ZS ahead
2025-08-2891.95147.58-1.65ZS ahead
2025-08-2792.71143.71-1.49ZS ahead
2025-08-2691.90140.88-1.45ZS ahead
2025-08-2592.51141.92-1.46ZS ahead
2025-08-2292.78143.42-1.52ZS ahead
2025-08-2191.13142.28-1.58ZS ahead
2025-08-2090.37144.10-1.70ZS ahead
2025-08-1990.85144.69-1.72ZS ahead
2025-08-1889.87145.80-1.83ZS ahead
2025-08-1589.74144.71-1.82ZS ahead
2025-08-1488.94142.62-1.81ZS ahead
2025-08-1390.28146.19-1.88ZS ahead
2025-08-1288.17144.96-1.99ZS ahead
2025-08-1188.65142.72-1.90ZS ahead
2025-08-0889.21141.94-1.85ZS ahead
2025-08-0788.62143.41-1.97ZS ahead
2025-08-0690.88152.27-2.18ZS ahead
2025-08-0589.62148.39-2.15ZS ahead
2025-08-0491.36150.44-2.15ZS ahead
2025-08-0190.50147.50-2.12ZS ahead
2025-07-3192.00150.29-2.16ZS ahead
2025-07-3094.27151.43-2.09ZS ahead
2025-07-2996.04152.66-2.06ZS ahead
2025-07-2896.69152.12-2.03ZS ahead
2025-07-2598.29150.62-1.90ZS ahead
2025-07-2498.37149.62-1.88ZS ahead
2025-07-2398.96149.13-1.84ZS ahead
2025-07-2298.46150.37-1.94ZS ahead
2025-07-2196.69151.80-2.13ZS ahead
2025-07-1897.03151.95-2.14ZS ahead
2025-07-1796.87150.67-2.13ZS ahead
2025-07-1695.94151.44-2.25ZS ahead
2025-07-1595.27152.04-2.35ZS ahead
2025-07-1496.65153.22-2.34ZS ahead
2025-07-1196.62152.49-2.34ZS ahead
2025-07-1098.37155.88-2.39ZS ahead
2025-07-09102.50166.57-2.59ZS ahead
2025-07-08103.47164.43-2.48ZS ahead
2025-07-07103.15166.02-2.61ZS ahead
2025-07-03103.82165.66-2.59ZS ahead
2025-07-02102.88162.80-2.57ZS ahead
2025-07-01103.13161.74-2.55ZS ahead
2025-06-30100.04165.22-2.97ZS ahead
2025-06-2799.67165.95-3.09ZS ahead
2025-06-2699.47165.18-3.14ZS ahead
2025-06-2598.69164.19-3.24ZS ahead
2025-06-2499.47162.34-3.17ZS ahead
2025-06-2398.36163.39-3.39ZS ahead
2025-06-2096.76159.43-3.41ZS ahead
2025-06-18101.46160.73-3.17ZS ahead
2025-06-17102.19161.73-3.23ZS ahead
2025-06-16102.76160.53-3.19ZS ahead
2025-06-13101.22158.91-3.31ZS ahead
2025-06-12103.15158.64-3.21ZS ahead
2025-06-11103.40157.81-3.22ZS ahead
2025-06-10103.91156.82-3.19ZS ahead
2025-06-09103.17157.83-3.40ZS ahead
2025-06-06102.92159.48-3.62ZS ahead
2025-06-05101.69158.35-3.79ZS ahead
2025-06-04102.23156.23-3.72ZS ahead
2025-06-03102.97155.27-3.70ZS ahead
2025-06-02102.91154.30-3.75ZS ahead
2025-05-30103.83145.10-3.09ZS ahead
2025-05-29103.40132.16-2.17ZS ahead
2025-05-28103.15133.49-2.34ZS ahead
2025-05-27103.38135.41-2.51ZS ahead
2025-05-23101.44133.73-2.62ZS ahead
2025-05-22102.44133.06-2.50ZS ahead
2025-05-21102.55130.90-2.33ZS ahead
2025-05-20103.83132.60-2.37ZS ahead
2025-05-19104.58132.92-2.35ZS ahead
2025-05-16104.41132.36-2.35ZS ahead
2025-05-15104.31129.42-2.13ZS ahead
2025-05-14103.03128.65-2.23ZS ahead
2025-05-13104.19128.94-2.15ZS ahead
2025-05-12104.88127.09-1.91ZS ahead
2025-05-09101.50122.66-1.90ZS ahead
2025-05-08101.55122.70-1.92ZS ahead
2025-05-0799.91122.91-2.16ZS ahead
2025-05-0699.54122.68-2.21ZS ahead
2025-05-0599.88122.61-2.18ZS ahead
2025-05-0299.62121.29-2.10ZS ahead
2025-05-0196.45119.50-2.35ZS ahead
2025-04-3094.32119.03-2.63ZS ahead
2025-04-2993.96117.81-2.59ZS ahead
2025-04-2893.05115.71-2.51ZS ahead
2025-04-2592.53113.46-2.36ZS ahead
2025-04-2492.46110.59-2.05ZS ahead
2025-04-2391.06105.57-1.64ZS ahead
2025-04-2289.40103.43-1.62ZS ahead
2025-04-2187.26101.94-1.77ZS ahead
2025-04-1789.03105.83-2.04ZS ahead
2025-04-1689.76106.77-2.07ZS ahead
2025-04-1591.36107.70-1.96ZS ahead
2025-04-1490.78104.96-1.70ZS ahead
2025-04-1189.96104.25-1.74ZS ahead
2025-04-1089.10102.82-1.69ZS ahead
2025-04-0993.45106.37-1.51ZS ahead
2025-04-0885.2293.17-0.93ZS ahead
2025-04-0786.3894.76-0.98ZS ahead
2025-04-0488.1391.93-0.25near the usual relationship
2025-04-0393.94101.16-0.71ZS ahead
2025-04-0298.37108.96-1.12ZS ahead
2025-04-0198.01105.82-0.75ZS ahead
2025-03-3198.08104.43-0.55ZS ahead
2025-03-2897.31109.02-1.29ZS ahead
2025-03-2799.46110.23-1.13ZS ahead
2025-03-2699.81111.34-1.22ZS ahead
2025-03-25101.05113.54-1.33ZS ahead
2025-03-2499.92110.45-1.10ZS ahead
2025-03-2197.97107.99-1.06ZS ahead
2025-03-2098.99107.13-0.79ZS ahead
2025-03-19102.13107.34-0.37near the usual relationship
2025-03-18102.03106.09-0.21near the usual relationship
2025-03-17102.59106.65-0.21near the usual relationship
2025-03-14101.44104.11-0.02near the usual relationship
2025-03-13100.4499.77+0.46near the usual relationship
2025-03-12101.92104.09+0.06near the usual relationship
2025-03-11105.73104.92+0.48near the usual relationship
2025-03-10107.69102.46+1.10CTSH ahead
2025-03-07106.71109.87-0.04near the usual relationship
2025-03-06107.13106.39+0.48near the usual relationship
2025-03-05108.06103.39+1.03CTSH ahead
2025-03-04107.36102.01+1.13CTSH ahead
2025-03-03107.0699.36+1.47CTSH ahead
2025-02-28106.83103.27+0.90CTSH ahead
2025-02-27107.68101.06+1.31CTSH ahead
2025-02-26107.88103.06+1.07CTSH ahead
2025-02-25108.77101.59+1.39CTSH ahead
2025-02-24108.40103.71+1.07CTSH ahead
2025-02-21108.81104.50+1.01CTSH ahead
2025-02-20112.23108.93+0.87CTSH ahead
2025-02-19113.37112.98+0.53CTSH ahead
2025-02-18113.81114.14+0.45near the usual relationship
2025-02-14116.28111.94+0.97CTSH ahead
2025-02-13114.85113.07+0.69CTSH ahead
2025-02-12112.92111.12+0.70CTSH ahead
2025-02-11112.65110.12+0.78CTSH ahead
2025-02-10111.49111.85+0.49near the usual relationship
2025-02-07110.51108.17+0.78CTSH ahead
2025-02-06111.65107.48+0.97CTSH ahead
2025-02-05107.18107.88+0.47near the usual relationship
2025-02-04107.10107.22+0.54CTSH ahead
2025-02-03106.28105.26+0.66CTSH ahead
2025-01-31105.91106.62+0.49near the usual relationship
2025-01-30106.10106.75+0.50CTSH ahead
2025-01-29104.09106.12+0.36near the usual relationship
2025-01-28103.79107.72+0.18near the usual relationship
2025-01-27104.00100.65+0.94CTSH ahead
2025-01-24102.63101.82+0.68CTSH ahead
2025-01-23102.15101.42+0.67CTSH ahead
2025-01-22101.35101.54+0.58CTSH ahead
2025-01-21100.58100.95+0.57CTSH ahead
2025-01-1799.7698.72+0.73CTSH ahead
2025-01-1699.2798.71+0.68CTSH ahead
2025-01-1599.7299.99+0.60CTSH ahead
2025-01-1498.9497.20+0.82CTSH ahead
2025-01-1398.3198.15+0.66CTSH ahead
2025-01-1096.5699.98+0.29near the usual relationship
2025-01-0897.4698.56+0.54CTSH ahead
2025-01-0796.9596.78+0.67CTSH ahead
2025-01-0697.3299.32+0.46near the usual relationship
2025-01-0397.9297.81+0.68CTSH ahead
2025-01-0297.9695.61+0.92CTSH ahead
2024-12-3198.5994.95+1.06CTSH ahead
2024-12-3098.4096.38+0.90CTSH ahead
2024-12-27101.5497.13+1.15CTSH ahead
2024-12-26102.4298.75+1.08CTSH ahead
2024-12-24101.9198.55+1.05CTSH ahead
2024-12-23101.2897.86+1.07CTSH ahead
2024-12-20101.5898.62+1.03CTSH ahead
2024-12-19101.9196.42+1.30CTSH ahead
2024-12-18100.3397.73+1.02CTSH ahead
2024-12-17103.88105.49+0.60CTSH ahead
2024-12-16103.46107.58+0.37near the usual relationship
2024-12-13102.64104.49+0.59CTSH ahead
2024-12-12103.04108.60+0.25near the usual relationship
2024-12-11104.17109.43+0.28near the usual relationship
2024-12-10102.64105.99+0.46near the usual relationship
2024-12-09103.38108.48+0.30near the usual relationship
2024-12-06104.03111.57+0.09near the usual relationship
2024-12-05103.50108.21+0.35near the usual relationship
2024-12-04103.31108.60+0.30near the usual relationship
2024-12-03102.54104.54+0.60CTSH ahead
2024-12-02103.62109.74+0.23near the usual relationship
2024-11-29103.19108.73+0.29near the usual relationship
2024-11-27103.53107.87+0.40near the usual relationship
2024-11-26103.92110.68+0.18near the usual relationship
2024-11-25103.37110.74+0.13near the usual relationship
2024-11-22101.97111.03-0.03near the usual relationship
2024-11-21101.10109.10+0.06near the usual relationship
2024-11-2099.45105.75+0.20near the usual relationship
2024-11-1997.85107.55-0.12near the usual relationship
2024-11-1898.55106.76+0.02near the usual relationship
2024-11-1598.86106.03+0.12near the usual relationship
2024-11-14103.55109.73+0.24near the usual relationship
2024-11-13105.54110.44+0.37near the usual relationship
2024-11-12104.79110.02+0.34near the usual relationship
2024-11-11104.49105.02+0.78CTSH ahead
2024-11-08102.96103.01+0.83CTSH ahead
2024-11-07104.31103.53+0.91CTSH ahead
2024-11-06101.79101.59+0.86CTSH ahead
2024-11-0596.6598.37+0.66CTSH ahead
2024-11-0496.0397.31+0.70CTSH ahead
2024-11-0195.6596.09+0.79CTSH ahead
2024-10-3195.6395.15+0.89CTSH ahead
2024-10-3095.3298.30+0.53CTSH ahead
2024-10-2996.8299.92+0.52CTSH ahead
2024-10-2896.1398.42+0.60CTSH ahead
2024-10-2595.9297.34+0.69CTSH ahead
2024-10-2495.9796.80+0.75CTSH ahead
2024-10-2397.5395.26+1.07CTSH ahead
2024-10-2297.2197.97+0.76CTSH ahead
2024-10-2198.5598.92+0.80CTSH ahead
2024-10-18100.00100.00+0.84CTSH ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 26, 2025 (CTSH +0.8%, ZS -13.0%); Feb 27, 2026 (CTSH -0.8%, ZS -12.2%); May 27, 2026 (CTSH +2.6%, ZS -31.5%). Upcoming earnings: CTSH Oct 29, 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

CTSH and ZS at a glance

CTSH Cognizant Technology Solutions Corporation

Listing
Nasdaq · SEC CIK 1058290
Industry
EDP Services · SIC 7371 Services-Computer Programming Services
Market value
$30.1B
Price history
2,515 daily closes, Oct 20, 2016 to Oct 22, 2026

ZS Zscaler Inc.

Listing
Nasdaq · SEC CIK 1713683
Industry
EDP Services · SIC 7371 Services-Computer Programming Services
Market value
$34.7B
Price history
2,163 daily closes, Mar 16, 2018 to Oct 22, 2026

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

Related
All pairs →
PairStatusAhead nowIndustry
INFY / CTSHWatchlistCTSH by 2.06 sdSIC 7371 Services-Computer Programming Services
INFY / ZSWatchlistZS by 1.44 sdSIC 7371 Services-Computer Programming Services

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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.