Major Chemicals

Dow Inc. vs Linde plc

WatchlistDOW / LINPrices through Nov 6, 2026

Why these are rivals: #1 and #3 by market value ($235B vs $24B) in Nasdaq's "Major Chemicals" industry; SEC SIC 2810 / 2821 (same major group).

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: 0.16 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -2.09 (needs <= -2.873 (5% critical value))
Business leadership

DOW is the larger business

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

YearDOWLINLarger
2025$40.0B$34.0BDOW
2024$43.0B$33.0BDOW
2023$44.6B$32.9BDOW
2022$56.9B$33.4BDOW
2021$55.0B$30.8BDOW
2020$38.5B$27.2BDOW

DOW led in every year with figures for both. Market value: DOW $24.5B, LIN $234.8B.

Stock leadership

LIN is ahead now

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

LIN leads DOW by 0.37 standard deviations: +4.6% over its usual price ratio. 4 lead switches in the last year.

Price change3 mo6 mo12 mo
DOW+2.7%-14.8%+37.9%
LIN+4.6%+4.5%+23.2%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 926 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.16 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.09 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 25.20 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

DOW Dow Inc. LIN Linde plcPrice index, 100 = 2024-11-04. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
50100Nov 2024Nov 2025Nov 2026DOW 65LIN 112
Spread z-score: DOW relative to LIN, against the 252 sessions before each day. Above 0: DOW ahead; below 0: LIN ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopNov 2024Nov 2025Nov 2026
Data table (504 sessions)
DateDOW indexLIN indexzAhead
2026-11-0665.48112.42-0.37near the usual relationship
2026-11-0566.69113.73-0.31near the usual relationship
2026-11-0468.20114.49-0.18near the usual relationship
2026-11-0370.47111.61+0.30near the usual relationship
2026-11-0271.28113.40+0.27near the usual relationship
2026-10-3072.37112.20+0.48near the usual relationship
2026-10-2970.11109.78+0.41near the usual relationship
2026-10-2871.18110.87+0.45near the usual relationship
2026-10-2770.45110.98+0.37near the usual relationship
2026-10-2670.89110.74+0.44near the usual relationship
2026-10-2368.01111.02+0.09near the usual relationship
2026-10-2266.34111.35-0.12near the usual relationship
2026-10-2163.36109.22-0.32near the usual relationship
2026-10-2064.00109.51-0.25near the usual relationship
2026-10-1962.73109.84-0.42near the usual relationship
2026-10-1662.42108.75-0.37near the usual relationship
2026-10-1561.86107.61-0.35near the usual relationship
2026-10-1460.88107.50-0.45near the usual relationship
2026-10-1359.46107.37-0.60LIN ahead
2026-10-1258.64106.33-0.63LIN ahead
2026-10-0959.27105.54-0.48near the usual relationship
2026-10-0859.62105.10-0.40near the usual relationship
2026-10-0757.91105.60-0.64LIN ahead
2026-10-0658.73106.90-0.62LIN ahead
2026-10-0559.46105.25-0.41near the usual relationship
2026-10-0258.33104.62-0.50LIN ahead
2026-10-0157.54102.43-0.44near the usual relationship
2026-09-3057.43103.56-0.52LIN ahead
2026-09-2957.58103.28-0.48near the usual relationship
2026-09-2858.16102.99-0.38near the usual relationship
2026-09-2558.44102.52-0.30near the usual relationship
2026-09-2459.56102.14-0.14near the usual relationship
2026-09-2359.75102.49-0.13near the usual relationship
2026-09-2258.81101.44-0.17near the usual relationship
2026-09-2158.9699.82-0.03near the usual relationship
2026-09-1859.92100.45+0.04near the usual relationship
2026-09-1761.50100.03+0.25near the usual relationship
2026-09-1662.73100.82+0.33near the usual relationship
2026-09-1562.25101.01+0.27near the usual relationship
2026-09-1460.27101.33+0.04near the usual relationship
2026-09-1160.54101.72+0.05near the usual relationship
2026-09-1061.81100.72+0.26near the usual relationship
2026-09-0961.31101.82+0.14near the usual relationship
2026-09-0861.67102.19+0.16near the usual relationship
2026-09-0461.40104.20+0.01near the usual relationship
2026-09-0363.32105.21+0.15near the usual relationship
2026-09-0265.23106.36+0.28near the usual relationship
2026-09-0163.52106.21+0.12near the usual relationship
2026-08-3163.65106.82+0.10near the usual relationship
2026-08-2863.63106.81+0.10near the usual relationship
2026-08-2763.25105.90+0.12near the usual relationship
2026-08-2663.25106.98+0.06near the usual relationship
2026-08-2562.90106.30+0.07near the usual relationship
2026-08-2465.57106.92+0.31near the usual relationship
2026-08-2167.47106.38+0.53DOW ahead
2026-08-2068.61105.01+0.72DOW ahead
2026-08-1966.21104.98+0.51DOW ahead
2026-08-1865.05104.45+0.43near the usual relationship
2026-08-1765.36103.49+0.52DOW ahead
2026-08-1464.80105.33+0.37near the usual relationship
2026-08-1363.32104.34+0.29near the usual relationship
2026-08-1263.75104.61+0.32near the usual relationship
2026-08-1165.19107.03+0.32near the usual relationship
2026-08-1063.77107.45+0.17near the usual relationship
2026-08-0761.19106.91-0.04near the usual relationship
2026-08-0663.19106.94+0.15near the usual relationship
2026-08-0561.88107.14+0.02near the usual relationship
2026-08-0463.25105.74+0.24near the usual relationship
2026-08-0362.34104.83+0.21near the usual relationship
2026-07-3163.17104.38+0.32near the usual relationship
2026-07-3062.75110.98-0.08near the usual relationship
2026-07-2963.50111.53-0.04near the usual relationship
2026-07-2860.17111.53-0.36near the usual relationship
2026-07-2759.96110.63-0.33near the usual relationship
2026-07-2462.23111.77-0.17near the usual relationship
2026-07-2364.44110.47+0.10near the usual relationship
2026-07-2265.17110.99+0.14near the usual relationship
2026-07-2163.55110.19+0.03near the usual relationship
2026-07-2063.34111.72-0.07near the usual relationship
2026-07-1762.40111.98-0.17near the usual relationship
2026-07-1661.11113.62-0.38near the usual relationship
2026-07-1561.94112.18-0.23near the usual relationship
2026-07-1463.21114.01-0.21near the usual relationship
2026-07-1363.34114.34-0.21near the usual relationship
2026-07-1060.54115.59-0.55LIN ahead
2026-07-0959.44114.67-0.62LIN ahead
2026-07-0860.54115.13-0.53LIN ahead
2026-07-0759.73117.44-0.73LIN ahead
2026-07-0657.00117.94-1.05LIN ahead
2026-07-0257.79119.27-1.04LIN ahead
2026-07-0156.35116.41-1.05LIN ahead
2026-06-3057.06113.23-0.81LIN ahead
2026-06-2958.23111.51-0.60LIN ahead
2026-06-2660.56113.37-0.46near the usual relationship
2026-06-2561.13113.96-0.44near the usual relationship
2026-06-2461.27112.53-0.35near the usual relationship
2026-06-2363.25111.77-0.12near the usual relationship
2026-06-2264.21112.74-0.08near the usual relationship
2026-06-1866.17111.75+0.15near the usual relationship
2026-06-1767.78112.55+0.25near the usual relationship
2026-06-1668.74113.06+0.31near the usual relationship
2026-06-1569.30113.78+0.32near the usual relationship
2026-06-1270.59114.24+0.41near the usual relationship
2026-06-1170.14112.46+0.46near the usual relationship
2026-06-1071.41111.09+0.65DOW ahead
2026-06-0969.28112.50+0.39near the usual relationship
2026-06-0871.32109.51+0.73DOW ahead
2026-06-0570.84110.82+0.62DOW ahead
2026-06-0472.55110.72+0.78DOW ahead
2026-06-0373.83110.75+0.89DOW ahead
2026-06-0272.41108.20+0.92DOW ahead
2026-06-0172.35108.53+0.90DOW ahead
2026-05-2970.39108.59+0.73DOW ahead
2026-05-2872.51109.53+0.86DOW ahead
2026-05-2771.93110.81+0.74DOW ahead
2026-05-2673.58112.36+0.80DOW ahead
2026-05-2275.10112.93+0.90DOW ahead
2026-05-2174.89112.26+0.92DOW ahead
2026-05-2075.64110.54+1.08DOW ahead
2026-05-1978.71110.42+1.34DOW ahead
2026-05-1880.42111.46+1.42DOW ahead
2026-05-1580.81110.43+1.52DOW ahead
2026-05-1480.88111.64+1.46DOW ahead
2026-05-1381.00111.99+1.46DOW ahead
2026-05-1282.23109.94+1.68DOW ahead
2026-05-1180.83110.05+1.58DOW ahead
2026-05-0876.89107.60+1.41DOW ahead
2026-05-0777.83107.75+1.49DOW ahead
2026-05-0680.29109.50+1.60DOW ahead
2026-05-0585.09109.16+2.00DOW ahead
2026-05-0484.63107.69+2.08DOW ahead
2026-05-0184.03110.82+1.86DOW ahead
2026-04-3084.44109.34+2.00DOW ahead
2026-04-2982.48110.12+1.81DOW ahead
2026-04-2879.27111.34+1.49DOW ahead
2026-04-2779.46111.44+1.50DOW ahead
2026-04-2480.63111.34+1.62DOW ahead
2026-04-2380.35110.85+1.64DOW ahead
2026-04-2280.94107.92+1.88DOW ahead
2026-04-2179.90107.97+1.81DOW ahead
2026-04-2076.68108.69+1.50DOW ahead
2026-04-1774.24107.40+1.37DOW ahead
2026-04-1683.25108.92+2.07DOW ahead
2026-04-1581.00108.64+1.92DOW ahead
2026-04-1481.67109.02+1.97DOW ahead
2026-04-1383.65111.03+2.03DOW ahead
2026-04-1081.36109.78+1.93DOW ahead
2026-04-0979.33109.81+1.77DOW ahead
2026-04-0881.92109.20+2.06DOW ahead
2026-04-0786.36107.91+2.55DOW ahead
2026-04-0684.59108.98+2.35DOW ahead
2026-04-0286.34109.66+2.47DOW ahead
2026-04-0184.86107.75+2.49DOW ahead
2026-03-3186.86108.17+2.65DOW ahead
2026-03-3087.32108.93+2.66DOW ahead
2026-03-2785.13107.16+2.61DOW ahead
2026-03-2682.31108.11+2.30DOW ahead
2026-03-2582.63107.42+2.38DOW ahead
2026-03-2479.90104.70+2.32DOW ahead
2026-03-2375.16104.30+1.88DOW ahead
2026-03-2076.43106.51+1.84DOW ahead
2026-03-1978.19106.87+1.97DOW ahead
2026-03-1878.60106.60+2.02DOW ahead
2026-03-1776.98107.80+1.77DOW ahead
2026-03-1675.08108.53+1.53DOW ahead
2026-03-1376.37107.77+1.70DOW ahead
2026-03-1278.37107.00+1.93DOW ahead
2026-03-1171.68105.07+1.40DOW ahead
2026-03-1070.68104.28+1.34DOW ahead
2026-03-0971.55105.52+1.33DOW ahead
2026-03-0669.41105.76+1.09DOW ahead
2026-03-0570.32106.93+1.09DOW ahead
2026-03-0467.45108.92+0.66DOW ahead
2026-03-0364.11109.46+0.26near the usual relationship
2026-03-0263.82111.13+0.11near the usual relationship
2026-02-2764.09110.86+0.15near the usual relationship
2026-02-2662.36108.77+0.08near the usual relationship
2026-02-2562.61110.90-0.03near the usual relationship
2026-02-2464.75109.97+0.24near the usual relationship
2026-02-2363.19108.70+0.14near the usual relationship
2026-02-2063.65108.33+0.20near the usual relationship
2026-02-1965.46106.94+0.45near the usual relationship
2026-02-1865.86105.88+0.54DOW ahead
2026-02-1765.53105.21+0.54DOW ahead
2026-02-1367.76104.95+0.75DOW ahead
2026-02-1268.09103.17+0.88DOW ahead
2026-02-1170.91102.01+1.19DOW ahead
2026-02-1070.07100.48+1.20DOW ahead
2026-02-0966.9099.57+0.96DOW ahead
2026-02-0666.2897.80+1.00DOW ahead
2026-02-0563.82100.30+0.61DOW ahead
2026-02-0467.57103.28+0.77DOW ahead
2026-02-0363.59101.15+0.52DOW ahead
2026-02-0260.23100.40+0.24near the usual relationship
2026-01-3057.4699.71-0.01near the usual relationship
2026-01-2956.6499.28-0.07near the usual relationship
2026-01-2857.9498.51+0.09near the usual relationship
2026-01-2758.0098.85+0.07near the usual relationship
2026-01-2658.7799.28+0.10near the usual relationship
2026-01-2358.9298.53+0.15near the usual relationship
2026-01-2259.0897.23+0.22near the usual relationship
2026-01-2159.2595.86+0.30near the usual relationship
2026-01-2055.4394.51+0.02near the usual relationship
2026-01-1657.5095.78+0.13near the usual relationship
2026-01-1558.2796.01+0.18near the usual relationship
2026-01-1458.9496.00+0.23near the usual relationship
2026-01-1355.3796.64-0.13near the usual relationship
2026-01-1255.2796.79-0.16near the usual relationship
2026-01-0954.9196.89-0.20near the usual relationship
2026-01-0854.0695.94-0.24near the usual relationship
2026-01-0751.7294.72-0.40near the usual relationship
2026-01-0653.2295.38-0.30near the usual relationship
2026-01-0551.9394.50-0.38near the usual relationship
2026-01-0250.6293.63-0.47near the usual relationship
2025-12-3148.7693.03-0.62LIN ahead
2025-12-3049.0393.46-0.62LIN ahead
2025-12-2948.7093.07-0.64LIN ahead
2025-12-2648.5792.68-0.64LIN ahead
2025-12-2448.0992.71-0.69LIN ahead
2025-12-2347.7692.75-0.73LIN ahead
2025-12-2248.8492.40-0.62LIN ahead
2025-12-1948.5191.95-0.63LIN ahead
2025-12-1848.0591.42-0.65LIN ahead
2025-12-1748.1192.15-0.69LIN ahead
2025-12-1647.6392.40-0.75LIN ahead
2025-12-1548.9190.98-0.57LIN ahead
2025-12-1249.9990.82-0.47near the usual relationship
2025-12-1151.2688.00-0.23near the usual relationship
2025-12-1051.2885.68-0.12near the usual relationship
2025-12-0948.2085.18-0.37near the usual relationship
2025-12-0847.6784.96-0.41near the usual relationship
2025-12-0547.8887.18-0.51LIN ahead
2025-12-0447.7088.09-0.58LIN ahead
2025-12-0349.5589.27-0.48near the usual relationship
2025-12-0249.7689.19-0.46near the usual relationship
2025-12-0149.7288.83-0.46near the usual relationship
2025-11-2849.7489.53-0.49near the usual relationship
2025-11-2649.8689.00-0.46near the usual relationship
2025-11-2548.3888.99-0.59LIN ahead
2025-11-2446.9988.95-0.72LIN ahead
2025-11-2146.3090.05-0.84LIN ahead
2025-11-2043.6989.13-1.04LIN ahead
2025-11-1944.4490.16-1.02LIN ahead
2025-11-1845.5790.49-0.94LIN ahead
2025-11-1745.1991.17-1.02LIN ahead
2025-11-1447.8292.38-0.85LIN ahead
2025-11-1348.2093.52-0.87LIN ahead
2025-11-1246.2693.59-1.05LIN ahead
2025-11-1146.5393.09-1.01LIN ahead
2025-11-1046.0991.79-1.00LIN ahead
2025-11-0746.4991.75-0.97LIN ahead
2025-11-0646.3490.62-0.94LIN ahead
2025-11-0547.4991.25-0.88LIN ahead
2025-11-0447.1191.19-0.91LIN ahead
2025-11-0348.4589.93-0.75LIN ahead
2025-10-3149.7491.27-0.72LIN ahead
2025-10-3049.6493.80-0.84LIN ahead
2025-10-2951.8594.26-0.69LIN ahead
2025-10-2852.9396.60-0.71LIN ahead
2025-10-2753.6697.05-0.69LIN ahead
2025-10-2451.7497.31-0.84LIN ahead
2025-10-2351.1298.20-0.93LIN ahead
2025-10-2245.2698.17-1.39LIN ahead
2025-10-2145.3698.20-1.40LIN ahead
2025-10-2045.1198.53-1.44LIN ahead
2025-10-1745.6598.38-1.40LIN ahead
2025-10-1645.6796.93-1.35LIN ahead
2025-10-1546.3098.49-1.37LIN ahead
2025-10-1445.71100.20-1.49LIN ahead
2025-10-1344.6799.63-1.57LIN ahead
2025-10-1043.0799.02-1.69LIN ahead
2025-10-0946.0599.97-1.49LIN ahead
2025-10-0847.13102.07-1.49LIN ahead
2025-10-0746.92102.63-1.54LIN ahead
2025-10-0648.84102.23-1.39LIN ahead
2025-10-0349.68101.83-1.32LIN ahead
2025-10-0249.41102.43-1.37LIN ahead
2025-10-0148.07101.85-1.46LIN ahead
2025-09-3047.82103.64-1.55LIN ahead
2025-09-2947.74103.96-1.59LIN ahead
2025-09-2647.88103.51-1.57LIN ahead
2025-09-2546.30103.37-1.70LIN ahead
2025-09-2448.24103.45-1.57LIN ahead
2025-09-2347.67104.72-1.67LIN ahead
2025-09-2248.32104.24-1.62LIN ahead
2025-09-1948.99104.51-1.59LIN ahead
2025-09-1850.28103.86-1.49LIN ahead
2025-09-1751.18104.70-1.46LIN ahead
2025-09-1651.05102.87-1.42LIN ahead
2025-09-1550.41104.02-1.52LIN ahead
2025-09-1252.22105.18-1.44LIN ahead
2025-09-1152.18105.51-1.47LIN ahead
2025-09-1049.70103.14-1.58LIN ahead
2025-09-0950.34103.30-1.55LIN ahead
2025-09-0850.01103.56-1.60LIN ahead
2025-09-0551.09102.44-1.49LIN ahead
2025-09-0449.86103.07-1.62LIN ahead
2025-09-0349.91102.94-1.62LIN ahead
2025-09-0250.91103.45-1.58LIN ahead
2025-08-2951.37104.36-1.59LIN ahead
2025-08-2851.24105.20-1.65LIN ahead
2025-08-2751.60105.32-1.64LIN ahead
2025-08-2651.60105.15-1.65LIN ahead
2025-08-2551.97104.26-1.60LIN ahead
2025-08-2252.37105.09-1.62LIN ahead
2025-08-2149.41104.89-1.85LIN ahead
2025-08-2050.22105.25-1.82LIN ahead
2025-08-1949.07104.71-1.91LIN ahead
2025-08-1848.47104.41-1.96LIN ahead
2025-08-1548.72104.75-1.98LIN ahead
2025-08-1448.74104.21-1.97LIN ahead
2025-08-1347.80103.78-2.06LIN ahead
2025-08-1245.28103.25-2.28LIN ahead
2025-08-1143.52102.63-2.44LIN ahead
2025-08-0844.25103.08-2.42LIN ahead
2025-08-0745.07102.42-2.36LIN ahead
2025-08-0644.42102.87-2.47LIN ahead
2025-08-0546.67102.51-2.29LIN ahead
2025-08-0445.03101.98-2.45LIN ahead
2025-08-0145.44100.24-2.37LIN ahead
2025-07-3148.57100.42-2.13LIN ahead
2025-07-3049.89101.73-2.10LIN ahead
2025-07-2952.51102.88-1.95LIN ahead
2025-07-2853.62101.99-1.85LIN ahead
2025-07-2553.20103.18-1.95LIN ahead
2025-07-2452.28102.87-2.03LIN ahead
2025-07-2363.34102.55-1.22LIN ahead
2025-07-2261.86102.99-1.35LIN ahead
2025-07-2159.21102.64-1.53LIN ahead
2025-07-1859.10101.46-1.50LIN ahead
2025-07-1759.35100.65-1.46LIN ahead
2025-07-1658.69100.29-1.50LIN ahead
2025-07-1558.37100.49-1.55LIN ahead
2025-07-1458.92102.28-1.60LIN ahead
2025-07-1161.63102.29-1.42LIN ahead
2025-07-1063.04102.62-1.35LIN ahead
2025-07-0962.23102.83-1.42LIN ahead
2025-07-0860.60102.54-1.54LIN ahead
2025-07-0757.31102.46-1.79LIN ahead
2025-07-0359.35103.77-1.71LIN ahead
2025-07-0259.92104.11-1.70LIN ahead
2025-07-0158.04104.02-1.85LIN ahead
2025-06-3055.22102.37-2.01LIN ahead
2025-06-2756.31101.19-1.90LIN ahead
2025-06-2656.62101.34-1.90LIN ahead
2025-06-2555.93100.41-1.94LIN ahead
2025-06-2457.41101.06-1.87LIN ahead
2025-06-2356.04100.31-1.96LIN ahead
2025-06-2057.8999.46-1.80LIN ahead
2025-06-1859.44100.08-1.73LIN ahead
2025-06-1761.40100.56-1.62LIN ahead
2025-06-1663.75101.81-1.52LIN ahead
2025-06-1362.36101.67-1.63LIN ahead
2025-06-1262.86102.66-1.65LIN ahead
2025-06-1163.98102.23-1.57LIN ahead
2025-06-1064.03103.76-1.64LIN ahead
2025-06-0961.29103.02-1.82LIN ahead
2025-06-0659.54103.14-1.98LIN ahead
2025-06-0558.77102.61-2.03LIN ahead
2025-06-0458.98103.37-2.07LIN ahead
2025-06-0357.96102.95-2.16LIN ahead
2025-06-0256.73101.36-2.21LIN ahead
2025-05-3057.85102.02-2.18LIN ahead
2025-05-2960.04101.26-1.99LIN ahead
2025-05-2859.10100.91-2.07LIN ahead
2025-05-2760.31102.10-2.05LIN ahead
2025-05-2359.06100.13-2.08LIN ahead
2025-05-2259.79100.15-2.05LIN ahead
2025-05-2159.9699.38-2.02LIN ahead
2025-05-2062.13100.33-1.92LIN ahead
2025-05-1962.79100.44-1.89LIN ahead
2025-05-1662.9699.88-1.87LIN ahead
2025-05-1562.3699.11-1.90LIN ahead
2025-05-1462.9297.31-1.78LIN ahead
2025-05-1364.1798.33-1.76LIN ahead
2025-05-1264.6199.15-1.78LIN ahead
2025-05-0961.4898.77-2.02LIN ahead
2025-05-0860.9898.89-2.08LIN ahead
2025-05-0759.3398.11-2.20LIN ahead
2025-05-0660.0697.54-2.14LIN ahead
2025-05-0560.3898.73-2.20LIN ahead
2025-05-0263.4499.26-2.01LIN ahead
2025-05-0163.6797.76-1.94LIN ahead
2025-04-3063.8098.89-2.01LIN ahead
2025-04-2963.9298.31-2.00LIN ahead
2025-04-2862.4697.75-2.11LIN ahead
2025-04-2562.6197.84-2.13LIN ahead
2025-04-2462.0698.08-2.21LIN ahead
2025-04-2360.4897.79-2.36LIN ahead
2025-04-2260.4899.19-2.47LIN ahead
2025-04-2158.6496.84-2.55LIN ahead
2025-04-1758.7198.65-2.68LIN ahead
2025-04-1657.2997.75-2.81LIN ahead
2025-04-1557.7798.40-2.86LIN ahead
2025-04-1460.2397.32-2.62LIN ahead
2025-04-1159.2996.40-2.70LIN ahead
2025-04-1056.9194.23-2.85LIN ahead
2025-04-0962.2797.31-2.57LIN ahead
2025-04-0853.8390.18-3.02LIN ahead
2025-04-0757.3992.92-2.88LIN ahead
2025-04-0458.8195.56-2.96LIN ahead
2025-04-0365.61101.94-2.75LIN ahead
2025-04-0272.76102.49-2.19LIN ahead
2025-04-0172.18101.91-2.24LIN ahead
2025-03-3172.83101.60-2.19LIN ahead
2025-03-2871.66100.17-2.24LIN ahead
2025-03-2773.49101.40-2.19LIN ahead
2025-03-2674.20100.68-2.11LIN ahead
2025-03-2573.6699.81-2.13LIN ahead
2025-03-2475.68100.17-2.00LIN ahead
2025-03-2175.43100.00-2.04LIN ahead
2025-03-2076.3599.88-1.98LIN ahead
2025-03-1977.56100.31-1.93LIN ahead
2025-03-1878.44100.52-1.89LIN ahead
2025-03-1778.23100.43-1.93LIN ahead
2025-03-1477.1099.38-1.97LIN ahead
2025-03-1375.5698.90-2.10LIN ahead
2025-03-1274.5698.44-2.19LIN ahead
2025-03-1176.4899.07-2.09LIN ahead
2025-03-1078.00100.82-2.10LIN ahead
2025-03-0778.10102.28-2.22LIN ahead
2025-03-0678.08101.71-2.21LIN ahead
2025-03-0578.79102.17-2.21LIN ahead
2025-03-0474.29100.66-2.56LIN ahead
2025-03-0375.20100.86-2.53LIN ahead
2025-02-2879.48101.90-2.24LIN ahead
2025-02-2780.15100.43-2.10LIN ahead
2025-02-2681.02100.70-2.07LIN ahead
2025-02-2581.81102.00-2.12LIN ahead
2025-02-2481.44100.05-2.04LIN ahead
2025-02-2182.4099.93-1.97LIN ahead
2025-02-2082.57100.78-2.04LIN ahead
2025-02-1981.17100.82-2.20LIN ahead
2025-02-1882.84101.64-2.13LIN ahead
2025-02-1480.6599.71-2.22LIN ahead
2025-02-1379.96100.60-2.39LIN ahead
2025-02-1279.79100.05-2.40LIN ahead
2025-02-1180.56100.53-2.40LIN ahead
2025-02-1080.44100.55-2.45LIN ahead
2025-02-0780.4699.29-2.38LIN ahead
2025-02-0680.86100.51-2.47LIN ahead
2025-02-0579.1498.99-2.56LIN ahead
2025-02-0480.4099.23-2.49LIN ahead
2025-02-0377.9699.10-2.79LIN ahead
2025-01-3181.4497.34-2.30LIN ahead
2025-01-3080.4097.39-2.45LIN ahead
2025-01-2985.6195.64-1.78LIN ahead
2025-01-2886.3895.02-1.67LIN ahead
2025-01-2787.4295.89-1.66LIN ahead
2025-01-2486.2895.84-1.78LIN ahead
2025-01-2386.4996.18-1.81LIN ahead
2025-01-2285.1396.57-2.01LIN ahead
2025-01-2186.7296.54-1.86LIN ahead
2025-01-1785.5995.13-1.87LIN ahead
2025-01-1685.2394.36-1.86LIN ahead
2025-01-1584.2593.38-1.89LIN ahead
2025-01-1483.5993.23-1.97LIN ahead
2025-01-1382.7391.95-1.96LIN ahead
2025-01-1080.2990.36-2.09LIN ahead
2025-01-0881.1791.64-2.15LIN ahead
2025-01-0782.1990.54-1.95LIN ahead
2025-01-0682.9090.09-1.84LIN ahead
2025-01-0382.1790.22-1.96LIN ahead
2025-01-0282.4890.37-1.96LIN ahead
2024-12-3183.6991.35-1.95LIN ahead
2024-12-3082.2591.13-2.11LIN ahead
2024-12-2783.4892.29-2.12LIN ahead
2024-12-2683.8892.58-2.13LIN ahead
2024-12-2483.6192.90-2.22LIN ahead
2024-12-2383.3692.15-2.20LIN ahead
2024-12-2083.3092.58-2.28LIN ahead
2024-12-1981.5491.55-2.41LIN ahead
2024-12-1883.7392.13-2.25LIN ahead
2024-12-1784.6193.86-2.36LIN ahead
2024-12-1683.6593.45-2.47LIN ahead
2024-12-1385.2194.98-2.49LIN ahead
2024-12-1286.0995.68-2.50LIN ahead
2024-12-1186.5596.12-2.53LIN ahead
2024-12-1087.9797.05-2.51LIN ahead
2024-12-0989.1196.57-2.35LIN ahead
2024-12-0687.5798.06-2.75LIN ahead
2024-12-0587.9997.87-2.73LIN ahead
2024-12-0489.36100.25-2.88LIN ahead
2024-12-0391.4999.96-2.64LIN ahead
2024-12-0292.55100.30-2.59LIN ahead
2024-11-2992.20100.58-2.72LIN ahead
2024-11-2793.1099.74-2.55LIN ahead
2024-11-2692.8999.62-2.61LIN ahead
2024-11-2595.6699.43-2.27LIN ahead
2024-11-2294.8199.23-2.39LIN ahead
2024-11-2193.4599.29-2.62LIN ahead
2024-11-2091.6298.22-2.78LIN ahead
2024-11-1991.0396.89-2.74LIN ahead
2024-11-1892.2297.87-2.76LIN ahead
2024-11-1591.8597.99-2.88LIN ahead
2024-11-1492.9998.95-2.91LIN ahead
2024-11-1393.8399.55-2.93LIN ahead
2024-11-1293.9399.40-2.96LIN ahead
2024-11-1196.5099.59-2.66LIN ahead
2024-11-0896.96100.25-2.74LIN ahead
2024-11-07101.98101.56-2.24LIN ahead
2024-11-06100.83100.94-2.35LIN ahead
2024-11-0599.9099.25-2.28LIN ahead
2024-11-04100.00100.00-2.41LIN ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jan 30, 2025 (DOW -6.1%, LIN +1.8%); Feb 3, 2025 (DOW -4.3%, LIN +1.8%); Apr 3, 2025 (DOW -9.8%, LIN -0.5%); Apr 9, 2025 (DOW +15.7%, LIN +7.9%); Jul 24, 2025 (DOW -17.4%, LIN +0.3%); Oct 23, 2025 (DOW +12.9%, LIN +0.0%).

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 Nov 3, 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

DOW and LIN at a glance

DOW Dow Inc.

Listing
NYSE · SEC CIK 1751788
Industry
Major Chemicals · SIC 2821 Plastic Materials, Synth Resins & Nonvulcan Elastomers
Market value
$24.5B
Price history
1,921 daily closes, Mar 20, 2019 to Nov 6, 2026

LIN Linde plc

Listing
Nasdaq · SEC CIK 1707925
Industry
Major Chemicals · SIC 2810 Industrial Inorganic Chemicals
Market value
$234.8B
Price history
926 daily closes, Mar 2, 2023 to Nov 6, 2026

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

Related
All pairs →
PairStatusAhead nowIndustry
DOW / ALBWatchlistDOW by 1.97 sdSIC 2821 Plastic Materials, Synth Resins & Nonvulcan Elastomers
DOW / DDWatchlistDD by 0.40 sdSIC 2821 Plastic Materials, Synth Resins & Nonvulcan Elastomers
APD / DOWWatchlistAPD by 0.35 sdMajor Chemicals
LIN / APDWatchlistneitherMajor Chemicals

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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.