SIC 1531 Operative Builders

D.R. Horton Inc. vs NVR Inc.

WatchlistDHI / NVRPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($38B vs $16B) with SEC SIC 1531 (Operative Builders).

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: -1.71 (needs <= -2.873 (5% critical value))
Business leadership

DHI is the larger business

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

YearDHINVRLarger
2025$34.3B$10.3BDHI
2024$36.8B$10.5BDHI
2023$35.5B$9.5BDHI
2022$33.5B$10.5BDHI
2021$27.8B$9.0BDHI
2020$20.3B$7.5BDHI

DHI led in every year with figures for both. Market value: DHI $37.8B, NVR $15.5B.

Stock leadership

DHI is ahead now

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

DHI leads NVR by 1.30 standard deviations: +9.9% over its usual price ratio. 0 lead switches in the last year.

Price change3 mo6 mo12 mo
DHI+0.6%-10.1%-6.9%
NVR-4.7%-8.4%-21.6%
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: 0.74 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.71 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 32.45 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

DHI D.R. Horton Inc. NVR NVR Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
6080100Oct 2024Oct 2025Oct 2026DHI 76NVR 62
Spread z-score: DHI relative to NVR, against the 252 sessions before each day. Above 0: DHI ahead; below 0: NVR ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateDHI indexNVR indexzAhead
2026-10-2275.8961.57+1.30DHI ahead
2026-10-2171.4359.45+0.95DHI ahead
2026-10-2072.0460.23+0.90DHI ahead
2026-10-1969.5558.72+0.77DHI ahead
2026-10-1671.6459.65+0.97DHI ahead
2026-10-1571.7359.86+0.94DHI ahead
2026-10-1468.6957.77+0.84DHI ahead
2026-10-1369.6258.42+0.88DHI ahead
2026-10-1269.0257.94+0.88DHI ahead
2026-10-0969.3359.44+0.60DHI ahead
2026-10-0869.8160.48+0.46near the usual relationship
2026-10-0768.5059.77+0.37near the usual relationship
2026-10-0670.2960.93+0.46near the usual relationship
2026-10-0568.4860.16+0.28near the usual relationship
2026-10-0269.3960.40+0.41near the usual relationship
2026-10-0170.4561.73+0.32near the usual relationship
2026-09-3070.2462.01+0.22near the usual relationship
2026-09-2971.6562.82+0.32near the usual relationship
2026-09-2871.6663.16+0.25near the usual relationship
2026-09-2572.7363.46+0.40near the usual relationship
2026-09-2472.1462.83+0.42near the usual relationship
2026-09-2372.0462.89+0.40near the usual relationship
2026-09-2274.0763.87+0.57DHI ahead
2026-09-2171.5762.36+0.43near the usual relationship
2026-09-1870.9461.97+0.40near the usual relationship
2026-09-1772.1562.90+0.43near the usual relationship
2026-09-1671.0962.34+0.36near the usual relationship
2026-09-1572.0663.05+0.39near the usual relationship
2026-09-1471.6563.48+0.22near the usual relationship
2026-09-1170.8762.08+0.38near the usual relationship
2026-09-1069.6861.35+0.31near the usual relationship
2026-09-0971.4162.34+0.43near the usual relationship
2026-09-0871.1861.63+0.54DHI ahead
2026-09-0473.3763.47+0.56DHI ahead
2026-09-0374.2264.23+0.56DHI ahead
2026-09-0273.1263.75+0.46near the usual relationship
2026-09-0172.6663.24+0.49near the usual relationship
2026-08-3174.3063.63+0.71DHI ahead
2026-08-2875.7664.45+0.81DHI ahead
2026-08-2774.6664.14+0.68DHI ahead
2026-08-2676.7164.17+1.05DHI ahead
2026-08-2577.5164.83+1.06DHI ahead
2026-08-2476.5764.46+0.98DHI ahead
2026-08-2176.2564.07+1.01DHI ahead
2026-08-2075.7263.48+1.05DHI ahead
2026-08-1978.0564.68+1.22DHI ahead
2026-08-1874.8862.96+1.03DHI ahead
2026-08-1776.2463.47+1.18DHI ahead
2026-08-1476.4963.56+1.21DHI ahead
2026-08-1377.0464.24+1.17DHI ahead
2026-08-1274.9563.42+0.98DHI ahead
2026-08-1177.5064.79+1.15DHI ahead
2026-08-1075.3863.40+1.08DHI ahead
2026-08-0777.6564.39+1.28DHI ahead
2026-08-0675.0563.53+1.01DHI ahead
2026-08-0577.8464.14+1.39DHI ahead
2026-08-0477.2963.15+1.52DHI ahead
2026-08-0375.3862.51+1.32DHI ahead
2026-07-3173.5361.94+1.12DHI ahead
2026-07-3074.8063.37+1.05DHI ahead
2026-07-2975.6464.30+1.01DHI ahead
2026-07-2877.6965.21+1.19DHI ahead
2026-07-2775.8963.60+1.21DHI ahead
2026-07-2475.4364.64+0.92DHI ahead
2026-07-2373.0562.02+1.05DHI ahead
2026-07-2273.2563.98+0.68DHI ahead
2026-07-2173.7763.74+0.83DHI ahead
2026-07-2074.4264.96+0.70DHI ahead
2026-07-1776.7865.39+1.02DHI ahead
2026-07-1679.3767.52+1.04DHI ahead
2026-07-1577.8965.47+1.20DHI ahead
2026-07-1477.0964.27+1.31DHI ahead
2026-07-1376.5164.87+1.10DHI ahead
2026-07-1077.9165.29+1.26DHI ahead
2026-07-0976.8765.21+1.11DHI ahead
2026-07-0876.3364.78+1.11DHI ahead
2026-07-0780.0467.45+1.20DHI ahead
2026-07-0680.6367.45+1.29DHI ahead
2026-07-0281.5068.02+1.33DHI ahead
2026-07-0180.7366.94+1.41DHI ahead
2026-06-3083.7268.65+1.55DHI ahead
2026-06-2984.4168.73+1.64DHI ahead
2026-06-2685.4768.81+1.79DHI ahead
2026-06-2585.8168.66+1.87DHI ahead
2026-06-2485.5868.16+1.94DHI ahead
2026-06-2380.2264.38+1.86DHI ahead
2026-06-2280.1564.01+1.93DHI ahead
2026-06-1881.1165.40+1.83DHI ahead
2026-06-1778.3763.24+1.83DHI ahead
2026-06-1680.3564.87+1.84DHI ahead
2026-06-1579.7163.83+1.94DHI ahead
2026-06-1279.2064.23+1.81DHI ahead
2026-06-1179.3765.29+1.65DHI ahead
2026-06-1075.4163.53+1.39DHI ahead
2026-06-0977.6564.55+1.55DHI ahead
2026-06-0874.1662.38+1.42DHI ahead
2026-06-0574.8462.30+1.55DHI ahead
2026-06-0475.2562.24+1.63DHI ahead
2026-06-0374.2761.66+1.59DHI ahead
2026-06-0276.0262.28+1.75DHI ahead
2026-06-0175.5461.68+1.79DHI ahead
2026-05-2975.6061.51+1.84DHI ahead
2026-05-2875.5162.07+1.74DHI ahead
2026-05-2775.9761.45+1.93DHI ahead
2026-05-2674.8460.79+1.90DHI ahead
2026-05-2273.8760.83+1.76DHI ahead
2026-05-2174.0960.94+1.79DHI ahead
2026-05-2072.8660.36+1.72DHI ahead
2026-05-1969.2458.18+1.58DHI ahead
2026-05-1870.6757.60+1.92DHI ahead
2026-05-1569.5956.06+2.07DHI ahead
2026-05-1471.6357.24+2.18DHI ahead
2026-05-1372.3357.64+2.24DHI ahead
2026-05-1273.6458.40+2.31DHI ahead
2026-05-1174.5159.56+2.25DHI ahead
2026-05-0875.8860.20+2.36DHI ahead
2026-05-0775.0360.55+2.20DHI ahead
2026-05-0676.6761.46+2.30DHI ahead
2026-05-0575.2860.50+2.31DHI ahead
2026-05-0473.7759.77+2.24DHI ahead
2026-05-0177.0962.01+2.36DHI ahead
2026-04-3079.0863.64+2.39DHI ahead
2026-04-2977.9562.55+2.45DHI ahead
2026-04-2880.3964.91+2.42DHI ahead
2026-04-2781.8965.32+2.60DHI ahead
2026-04-2482.1965.53+2.65DHI ahead
2026-04-2384.4167.20+2.71DHI ahead
2026-04-2282.8466.61+2.62DHI ahead
2026-04-2183.3769.86+2.14DHI ahead
2026-04-2078.8171.51+1.17DHI ahead
2026-04-1777.0070.54+1.06DHI ahead
2026-04-1673.6867.55+1.06DHI ahead
2026-04-1574.1268.19+1.02DHI ahead
2026-04-1474.6668.96+0.98DHI ahead
2026-04-1374.1868.33+1.02DHI ahead
2026-04-1073.3168.01+0.94DHI ahead
2026-04-0973.8868.51+0.95DHI ahead
2026-04-0873.3368.07+0.95DHI ahead
2026-04-0770.4565.42+0.95DHI ahead
2026-04-0672.8467.67+0.95DHI ahead
2026-04-0271.8067.14+0.88DHI ahead
2026-04-0171.0667.15+0.77DHI ahead
2026-03-3170.5366.40+0.82DHI ahead
2026-03-3068.1265.49+0.58DHI ahead
2026-03-2768.9765.00+0.82DHI ahead
2026-03-2669.8865.80+0.83DHI ahead
2026-03-2570.7766.02+0.95DHI ahead
2026-03-2471.1065.49+1.11DHI ahead
2026-03-2371.3565.80+1.10DHI ahead
2026-03-2068.4264.18+0.91DHI ahead
2026-03-1970.9264.67+1.25DHI ahead
2026-03-1870.5465.32+1.08DHI ahead
2026-03-1773.0666.47+1.30DHI ahead
2026-03-1673.0366.16+1.36DHI ahead
2026-03-1372.2165.16+1.42DHI ahead
2026-03-1271.4664.88+1.36DHI ahead
2026-03-1173.3366.61+1.36DHI ahead
2026-03-1074.6768.35+1.28DHI ahead
2026-03-0975.9169.24+1.33DHI ahead
2026-03-0675.6970.12+1.16DHI ahead
2026-03-0577.0471.29+1.18DHI ahead
2026-03-0478.4873.07+1.12DHI ahead
2026-03-0378.4474.17+0.94DHI ahead
2026-03-0279.3674.72+1.00DHI ahead
2026-02-2782.4475.75+1.30DHI ahead
2026-02-2681.7174.91+1.34DHI ahead
2026-02-2580.9373.39+1.48DHI ahead
2026-02-2484.2775.62+1.62DHI ahead
2026-02-2384.4275.14+1.74DHI ahead
2026-02-2084.3576.38+1.55DHI ahead
2026-02-1984.1875.83+1.63DHI ahead
2026-02-1885.9675.80+1.91DHI ahead
2026-02-1785.4774.78+2.03DHI ahead
2026-02-1386.2475.65+2.02DHI ahead
2026-02-1284.6081.58+0.86DHI ahead
2026-02-1184.2281.59+0.81DHI ahead
2026-02-1083.4181.56+0.70DHI ahead
2026-02-0978.9079.42+0.35near the usual relationship
2026-02-0680.3280.71+0.37near the usual relationship
2026-02-0581.2881.06+0.47near the usual relationship
2026-02-0481.3280.87+0.51DHI ahead
2026-02-0379.0778.30+0.57DHI ahead
2026-02-0276.9877.77+0.32near the usual relationship
2026-01-3076.5076.94+0.38near the usual relationship
2026-01-2977.3176.82+0.54DHI ahead
2026-01-2877.1876.84+0.52DHI ahead
2026-01-2776.3775.57+0.60DHI ahead
2026-01-2677.1077.23+0.45near the usual relationship
2026-01-2377.3677.03+0.53DHI ahead
2026-01-2280.0578.21+0.77DHI ahead
2026-01-2181.2778.56+0.90DHI ahead
2026-01-2078.7475.94+0.94DHI ahead
2026-01-1680.1676.19+1.13DHI ahead
2026-01-1582.7576.81+1.43DHI ahead
2026-01-1481.8876.39+1.38DHI ahead
2026-01-1382.6777.32+1.36DHI ahead
2026-01-1282.0976.50+1.42DHI ahead
2026-01-0980.8476.39+1.25DHI ahead
2026-01-0874.9974.42+0.66DHI ahead
2026-01-0771.6072.01+0.50DHI ahead
2026-01-0674.2772.95+0.80DHI ahead
2026-01-0575.2973.77+0.83DHI ahead
2026-01-0274.9073.34+0.85DHI ahead
2025-12-3174.0373.48+0.69DHI ahead
2025-12-3074.8073.83+0.76DHI ahead
2025-12-2975.0274.11+0.76DHI ahead
2025-12-2675.2174.38+0.75DHI ahead
2025-12-2475.3674.42+0.78DHI ahead
2025-12-2374.2573.94+0.68DHI ahead
2025-12-2274.7274.53+0.67DHI ahead
2025-12-1975.6574.56+0.82DHI ahead
2025-12-1877.8276.19+0.90DHI ahead
2025-12-1778.1375.29+1.10DHI ahead
2025-12-1679.7375.88+1.27DHI ahead
2025-12-1580.4276.90+1.22DHI ahead
2025-12-1280.4175.75+1.42DHI ahead
2025-12-1179.7775.68+1.34DHI ahead
2025-12-1079.8175.62+1.37DHI ahead
2025-12-0976.7673.74+1.21DHI ahead
2025-12-0878.3574.95+1.27DHI ahead
2025-12-0581.5375.96+1.61DHI ahead
2025-12-0482.6175.77+1.83DHI ahead
2025-12-0384.8177.38+1.91DHI ahead
2025-12-0281.4576.59+1.55DHI ahead
2025-12-0180.8975.74+1.62DHI ahead
2025-11-2881.7375.64+1.78DHI ahead
2025-11-2680.5776.24+1.51DHI ahead
2025-11-2579.4375.10+1.54DHI ahead
2025-11-2475.0873.19+1.15DHI ahead
2025-11-2175.4174.45+0.99DHI ahead
2025-11-2070.5872.18+0.54DHI ahead
2025-11-1970.6971.74+0.64DHI ahead
2025-11-1871.1672.02+0.68DHI ahead
2025-11-1770.8172.11+0.60DHI ahead
2025-11-1473.2173.27+0.84DHI ahead
2025-11-1373.7073.11+0.96DHI ahead
2025-11-1275.0673.43+1.15DHI ahead
2025-11-1175.5573.57+1.22DHI ahead
2025-11-1074.3173.93+0.94DHI ahead
2025-11-0774.4173.06+1.12DHI ahead
2025-11-0674.6472.50+1.27DHI ahead
2025-11-0574.6772.37+1.31DHI ahead
2025-11-0474.8372.00+1.42DHI ahead
2025-11-0374.5671.26+1.52DHI ahead
2025-10-3176.6272.66+1.64DHI ahead
2025-10-3076.7373.01+1.60DHI ahead
2025-10-2976.2273.89+1.36DHI ahead
2025-10-2879.0275.18+1.62DHI ahead
2025-10-2781.6574.95+2.13DHI ahead
2025-10-2481.1874.88+2.09DHI ahead
2025-10-2381.4977.38+1.70DHI ahead
2025-10-2281.3277.56+1.65DHI ahead
2025-10-2181.5378.51+1.52DHI ahead
2025-10-2079.0377.40+1.29DHI ahead
2025-10-1778.9976.97+1.36DHI ahead
2025-10-1678.6076.64+1.36DHI ahead
2025-10-1579.7977.03+1.51DHI ahead
2025-10-1480.5677.96+1.48DHI ahead
2025-10-1378.4376.43+1.39DHI ahead
2025-10-1077.9175.08+1.56DHI ahead
2025-10-0977.8176.77+1.22DHI ahead
2025-10-0881.5578.16+1.64DHI ahead
2025-10-0782.8379.00+1.72DHI ahead
2025-10-0688.1681.30+2.23DHI ahead
2025-10-0389.9282.40+2.34DHI ahead
2025-10-0288.1381.33+2.26DHI ahead
2025-10-0188.6380.98+2.44DHI ahead
2025-09-3087.1080.96+2.20DHI ahead
2025-09-2987.2981.57+2.14DHI ahead
2025-09-2685.9480.94+2.04DHI ahead
2025-09-2584.8179.67+2.09DHI ahead
2025-09-2486.0780.98+2.07DHI ahead
2025-09-2385.4680.41+2.08DHI ahead
2025-09-2284.4179.86+2.00DHI ahead
2025-09-1986.5081.56+2.05DHI ahead
2025-09-1887.1882.41+2.01DHI ahead
2025-09-1787.3781.99+2.13DHI ahead
2025-09-1688.2582.73+2.15DHI ahead
2025-09-1588.4583.41+2.06DHI ahead
2025-09-1291.4284.79+2.33DHI ahead
2025-09-1193.0485.98+2.40DHI ahead
2025-09-1090.5383.99+2.35DHI ahead
2025-09-0991.4383.39+2.63DHI ahead
2025-09-0894.5986.08+2.70DHI ahead
2025-09-0593.4485.67+2.60DHI ahead
2025-09-0490.8284.72+2.33DHI ahead
2025-09-0388.4982.53+2.35DHI ahead
2025-09-0287.5182.32+2.21DHI ahead
2025-08-2987.1181.79+2.24DHI ahead
2025-08-2886.8281.36+2.28DHI ahead
2025-08-2786.0980.95+2.23DHI ahead
2025-08-2686.5481.30+2.25DHI ahead
2025-08-2586.8481.89+2.18DHI ahead
2025-08-2287.7382.75+2.18DHI ahead
2025-08-2183.2080.14+1.84DHI ahead
2025-08-2083.9780.93+1.83DHI ahead
2025-08-1986.4183.10+1.87DHI ahead
2025-08-1884.8982.14+1.77DHI ahead
2025-08-1585.1382.98+1.65DHI ahead
2025-08-1484.2482.61+1.55DHI ahead
2025-08-1385.0983.60+1.51DHI ahead
2025-08-1281.3480.23+1.44DHI ahead
2025-08-1179.6578.53+1.44DHI ahead
2025-08-0880.4479.19+1.46DHI ahead
2025-08-0779.1078.90+1.23DHI ahead
2025-08-0679.1879.30+1.16DHI ahead
2025-08-0579.5879.67+1.15DHI ahead
2025-08-0478.7879.31+1.06DHI ahead
2025-08-0177.2578.20+0.96DHI ahead
2025-07-3173.4276.07+0.59DHI ahead
2025-07-3073.6676.92+0.47near the usual relationship
2025-07-2975.7378.81+0.51DHI ahead
2025-07-2875.1479.05+0.34near the usual relationship
2025-07-2574.6978.52+0.34near the usual relationship
2025-07-2474.3778.49+0.28near the usual relationship
2025-07-2376.1679.60+0.41near the usual relationship
2025-07-2278.9079.70+0.91DHI ahead
2025-07-2167.4474.32-0.37near the usual relationship
2025-07-1867.7474.79-0.40near the usual relationship
2025-07-1767.6774.95-0.45near the usual relationship
2025-07-1667.5974.32-0.35near the usual relationship
2025-07-1566.7273.57-0.39near the usual relationship
2025-07-1469.9576.50-0.27near the usual relationship
2025-07-1170.3276.90-0.27near the usual relationship
2025-07-1071.7677.48-0.09near the usual relationship
2025-07-0971.1477.60-0.24near the usual relationship
2025-07-0867.5275.76-0.65NVR ahead
2025-07-0767.3276.33-0.81NVR ahead
2025-07-0367.7976.81-0.80NVR ahead
2025-07-0269.7078.28-0.68NVR ahead
2025-07-0168.8277.26-0.67NVR ahead
2025-06-3066.2674.42-0.68NVR ahead
2025-06-2766.1474.32-0.69NVR ahead
2025-06-2665.3573.36-0.68NVR ahead
2025-06-2565.4272.48-0.49near the usual relationship
2025-06-2466.6373.33-0.40near the usual relationship
2025-06-2366.1373.95-0.64NVR ahead
2025-06-2063.8472.12-0.80NVR ahead
2025-06-1862.3470.33-0.78NVR ahead
2025-06-1761.6470.46-0.98NVR ahead
2025-06-1663.5572.76-1.01NVR ahead
2025-06-1363.2672.81-1.09NVR ahead
2025-06-1264.8874.43-1.05NVR ahead
2025-06-1164.1573.52-1.05NVR ahead
2025-06-1065.2474.55-1.01NVR ahead
2025-06-0963.0471.93-1.00NVR ahead
2025-06-0662.0671.71-1.19NVR ahead
2025-06-0563.0972.49-1.12NVR ahead
2025-06-0463.4972.66-1.07NVR ahead
2025-06-0360.8371.23-1.42NVR ahead
2025-06-0260.0870.97-1.57NVR ahead
2025-05-3060.6871.70-1.59NVR ahead
2025-05-2960.7971.52-1.54NVR ahead
2025-05-2860.3470.53-1.46NVR ahead
2025-05-2762.4472.66-1.40NVR ahead
2025-05-2360.9871.20-1.46NVR ahead
2025-05-2261.1171.25-1.45NVR ahead
2025-05-2161.4671.32-1.39NVR ahead
2025-05-2063.0672.62-1.29NVR ahead
2025-05-1964.2173.69-1.24NVR ahead
2025-05-1664.6374.27-1.27NVR ahead
2025-05-1563.4273.02-1.31NVR ahead
2025-05-1462.7472.22-1.32NVR ahead
2025-05-1364.9574.59-1.30NVR ahead
2025-05-1264.8374.39-1.29NVR ahead
2025-05-0962.7272.05-1.32NVR ahead
2025-05-0863.6572.83-1.27NVR ahead
2025-05-0763.1071.50-1.13NVR ahead
2025-05-0662.6470.14-0.95NVR ahead
2025-05-0564.5971.30-0.73NVR ahead
2025-05-0265.4371.78-0.64NVR ahead
2025-05-0164.5370.88-0.66NVR ahead
2025-04-3064.9471.80-0.77NVR ahead
2025-04-2964.1271.68-0.95NVR ahead
2025-04-2864.3370.94-0.74NVR ahead
2025-04-2564.0271.25-0.89NVR ahead
2025-04-2464.7872.01-0.88NVR ahead
2025-04-2364.1471.37-0.90NVR ahead
2025-04-2264.2372.22-1.07NVR ahead
2025-04-2162.0771.88-1.55NVR ahead
2025-04-1762.3272.45-1.63NVR ahead
2025-04-1660.4170.99-1.82NVR ahead
2025-04-1561.5872.60-1.89NVR ahead
2025-04-1462.2072.96-1.83NVR ahead
2025-04-1161.5672.58-1.94NVR ahead
2025-04-1060.5870.52-1.75NVR ahead
2025-04-0962.2771.75-1.59NVR ahead
2025-04-0859.1667.51-1.45NVR ahead
2025-04-0762.0971.00-1.49NVR ahead
2025-04-0465.7274.67-1.40NVR ahead
2025-04-0362.8671.64-1.46NVR ahead
2025-04-0265.7773.58-1.16NVR ahead
2025-04-0165.4972.69-1.04NVR ahead
2025-03-3165.3473.00-1.16NVR ahead
2025-03-2864.7672.36-1.17NVR ahead
2025-03-2766.8673.70-0.95NVR ahead
2025-03-2666.5073.71-1.05NVR ahead
2025-03-2566.5773.77-1.06NVR ahead
2025-03-2467.0074.18-1.05NVR ahead
2025-03-2166.2272.40-0.85NVR ahead
2025-03-2067.4073.43-0.80NVR ahead
2025-03-1967.0173.30-0.87NVR ahead
2025-03-1865.7172.37-0.99NVR ahead
2025-03-1765.3172.68-1.17NVR ahead
2025-03-1465.1672.92-1.27NVR ahead
2025-03-1364.4071.85-1.24NVR ahead
2025-03-1266.1374.06-1.31NVR ahead
2025-03-1168.1274.17-0.85NVR ahead
2025-03-1068.8575.61-1.00NVR ahead
2025-03-0768.5874.50-0.82NVR ahead
2025-03-0668.8575.52-0.99NVR ahead
2025-03-0566.4974.44-1.34NVR ahead
2025-03-0464.7272.57-1.38NVR ahead
2025-03-0364.6072.55-1.42NVR ahead
2025-02-2865.1873.01-1.39NVR ahead
2025-02-2764.9972.37-1.30NVR ahead
2025-02-2666.0772.65-1.09NVR ahead
2025-02-2567.9073.91-0.93NVR ahead
2025-02-2464.9871.16-1.04NVR ahead
2025-02-2164.7571.49-1.18NVR ahead
2025-02-2066.1473.13-1.22NVR ahead
2025-02-1965.1972.32-1.28NVR ahead
2025-02-1866.7273.19-1.10NVR ahead
2025-02-1467.1174.22-1.25NVR ahead
2025-02-1366.4873.97-1.37NVR ahead
2025-02-1265.6673.56-1.50NVR ahead
2025-02-1167.1375.51-1.58NVR ahead
2025-02-1066.9375.75-1.71NVR ahead
2025-02-0766.3076.16-1.99NVR ahead
2025-02-0669.9977.99-1.47NVR ahead
2025-02-0571.4078.49-1.24NVR ahead
2025-02-0471.8378.48-1.14NVR ahead
2025-02-0370.6577.96-1.32NVR ahead
2025-01-3172.9380.77-1.40NVR ahead
2025-01-3075.0182.03-1.19NVR ahead
2025-01-2972.9580.26-1.30NVR ahead
2025-01-2873.9981.26-1.28NVR ahead
2025-01-2775.6984.46-1.58NVR ahead
2025-01-2473.4682.63-1.74NVR ahead
2025-01-2374.6584.09-1.78NVR ahead
2025-01-2275.5284.45-1.66NVR ahead
2025-01-2173.8684.11-2.01NVR ahead
2025-01-1775.8984.27-1.56NVR ahead
2025-01-1675.3584.19-1.69NVR ahead
2025-01-1574.7483.22-1.64NVR ahead
2025-01-1473.5882.06-1.68NVR ahead
2025-01-1371.1380.23-1.89NVR ahead
2025-01-1070.1779.05-1.88NVR ahead
2025-01-0871.9180.67-1.82NVR ahead
2025-01-0770.8579.57-1.86NVR ahead
2025-01-0671.6380.50-1.88NVR ahead
2025-01-0371.9081.32-2.02NVR ahead
2025-01-0270.7480.51-2.15NVR ahead
2024-12-3171.8682.41-2.31NVR ahead
2024-12-3071.7382.39-2.36NVR ahead
2024-12-2772.1082.71-2.37NVR ahead
2024-12-2672.7183.07-2.32NVR ahead
2024-12-2472.5083.22-2.44NVR ahead
2024-12-2372.0082.85-2.51NVR ahead
2024-12-2071.7683.40-2.73NVR ahead
2024-12-1970.5481.63-2.69NVR ahead
2024-12-1872.8782.80-2.37NVR ahead
2024-12-1775.4185.33-2.32NVR ahead
2024-12-1675.8785.77-2.32NVR ahead
2024-12-1377.0386.53-2.22NVR ahead
2024-12-1277.7288.64-2.54NVR ahead
2024-12-1178.9989.16-2.38NVR ahead
2024-12-1080.6989.25-2.01NVR ahead
2024-12-0982.7391.89-2.12NVR ahead
2024-12-0681.4790.14-2.07NVR ahead
2024-12-0582.0790.23-1.96NVR ahead
2024-12-0482.9391.19-1.99NVR ahead
2024-12-0385.8092.55-1.63NVR ahead
2024-12-0286.0492.50-1.58NVR ahead
2024-11-2986.7593.06-1.55NVR ahead
2024-11-2787.0892.64-1.40NVR ahead
2024-11-2686.7192.92-1.56NVR ahead
2024-11-2588.8993.64-1.23NVR ahead
2024-11-2284.0590.76-1.74NVR ahead
2024-11-2183.1990.15-1.83NVR ahead
2024-11-2083.8490.69-1.81NVR ahead
2024-11-1983.4290.23-1.83NVR ahead
2024-11-1882.9889.33-1.75NVR ahead
2024-11-1583.0690.95-2.13NVR ahead
2024-11-1484.1692.50-2.24NVR ahead
2024-11-1382.8291.75-2.45NVR ahead
2024-11-1283.1891.84-2.41NVR ahead
2024-11-1186.0793.20-2.02NVR ahead
2024-11-0886.7593.78-2.01NVR ahead
2024-11-0786.4192.91-1.92NVR ahead
2024-11-0685.6992.73-2.08NVR ahead
2024-11-0589.0695.28-1.85NVR ahead
2024-11-0487.7693.29-1.72NVR ahead
2024-11-0186.1692.09-1.86NVR ahead
2024-10-3186.8692.23-1.73NVR ahead
2024-10-3087.0191.52-1.52NVR ahead
2024-10-2986.0092.10-1.94NVR ahead
2024-10-2892.7193.79-0.64NVR ahead
2024-10-2592.1394.01-0.83NVR ahead
2024-10-2493.9095.28-0.70NVR ahead
2024-10-2392.6794.83-0.88NVR ahead
2024-10-2292.7295.10-0.93NVR ahead
2024-10-2195.7497.29-0.71NVR ahead
2024-10-18100.00100.00-0.34near the usual relationship

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 29, 2024 (DHI -7.2%, NVR -1.8%); Jul 22, 2025 (DHI +17.0%, NVR +7.2%); Feb 13, 2026 (DHI +1.9%, NVR -7.3%); Apr 21, 2026 (DHI +5.8%, NVR -2.3%). Upcoming earnings: NVR Oct 28, 2026 (not-supplied); DHI 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)

1 simulated trade to Oct 20, 2026: +11.01% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long NVR · Short DHIApr 23, 2021Oct 5, 2021converged165$1,236.88-$83.72$1,101.11 (+11.01%)

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

The companies

DHI and NVR at a glance

DHI D.R. Horton Inc.

Listing
NYSE · SEC CIK 882184
Industry
Homebuilding · SIC 1531 Operative Builders
Market value
$37.8B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

NVR NVR Inc.

Listing
NYSE · SEC CIK 906163
Industry
Homebuilding · SIC 1531 Operative Builders
Market value
$15.5B
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
DHI / PHMMeasured twinDHI by 0.91 sdHomebuilding
DHI / LENWatchlistDHI by 0.97 sdHomebuilding
PHM / NVRWatchlistPHM by 0.81 sdSIC 1531 Operative Builders

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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.