SIC 4899 Communications Services, NEC

EchoStar Corporation vs Globalstar Inc.

WatchlistECHO / GSATPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($25B vs $11B) with SEC SIC 4899 (Communications Services, NEC).

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: 0.34 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.31 (needs <= -2.873 (5% critical value))
Business leadership

ECHO is the larger business

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

YearECHOGSATLarger
2025$15.0B$273MECHO
2024$15.8B$250MECHO
2023$17.0B$224MECHO
2022$18.6B$149MECHO
2021$19.8B$124MECHO
2020$1.9B$128MECHO

ECHO led in every year with figures for both. Market value: ECHO $25.1B, GSAT $10.8B.

Stock leadership

GSAT is ahead now

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

GSAT leads ECHO by 1.44 standard deviations: +37.2% over its usual price ratio. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
ECHO-2.4%-29.4%+16.3%
GSAT+4.4%+1.3%+83.2%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2520 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.34 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.31 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 46.83 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

ECHO EchoStar Corporation GSAT Globalstar Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
200400Oct 2024Oct 2025Oct 2026ECHO 338GSAT 458
Spread z-score: ECHO relative to GSAT, against the 252 sessions before each day. Above 0: ECHO ahead; below 0: GSAT ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateECHO indexGSAT indexzAhead
2026-10-22338.02457.69-1.44GSAT ahead
2026-10-21365.01463.47-1.16GSAT ahead
2026-10-20340.39463.36-1.49GSAT ahead
2026-10-19339.64462.58-1.50GSAT ahead
2026-10-16336.37457.69-1.51GSAT ahead
2026-10-15342.20460.97-1.48GSAT ahead
2026-10-14346.18457.80-1.41GSAT ahead
2026-10-13360.76459.36-1.24GSAT ahead
2026-10-12374.70461.36-1.09GSAT ahead
2026-10-09373.68465.69-1.16GSAT ahead
2026-10-08367.85462.36-1.21GSAT ahead
2026-10-07384.91464.86-1.03GSAT ahead
2026-10-06394.05464.63-0.93GSAT ahead
2026-10-05386.96464.13-1.01GSAT ahead
2026-10-02371.36462.36-1.20GSAT ahead
2026-10-01347.71460.47-1.49GSAT ahead
2026-09-30352.29460.52-1.44GSAT ahead
2026-09-29354.18458.86-1.41GSAT ahead
2026-09-28351.54457.47-1.44GSAT ahead
2026-09-25355.04460.47-1.44GSAT ahead
2026-09-24356.11458.13-1.41GSAT ahead
2026-09-23365.33458.36-1.31GSAT ahead
2026-09-22376.12458.47-1.18GSAT ahead
2026-09-21375.73461.36-1.22GSAT ahead
2026-09-18368.24460.25-1.32GSAT ahead
2026-09-17370.69458.47-1.28GSAT ahead
2026-09-16368.24455.02-1.28GSAT ahead
2026-09-15362.88454.63-1.35GSAT ahead
2026-09-14369.94455.52-1.27GSAT ahead
2026-09-11366.98458.25-1.34GSAT ahead
2026-09-10361.90455.41-1.39GSAT ahead
2026-09-09359.81453.80-1.41GSAT ahead
2026-09-08368.09456.80-1.34GSAT ahead
2026-09-04353.82457.47-1.54GSAT ahead
2026-09-03353.78455.47-1.53GSAT ahead
2026-09-02341.57452.58-1.67GSAT ahead
2026-09-01339.01452.08-1.72GSAT ahead
2026-08-31340.58453.08-1.73GSAT ahead
2026-08-28342.16454.24-1.73GSAT ahead
2026-08-27340.70455.86-1.79GSAT ahead
2026-08-26337.31454.58-1.83GSAT ahead
2026-08-25340.90455.75-1.79GSAT ahead
2026-08-24336.17456.19-1.86GSAT ahead
2026-08-21342.04457.58-1.80GSAT ahead
2026-08-20342.47455.58-1.78GSAT ahead
2026-08-19348.44458.13-1.72GSAT ahead
2026-08-18354.61460.52-1.66GSAT ahead
2026-08-17364.50461.30-1.54GSAT ahead
2026-08-14362.06457.75-1.53GSAT ahead
2026-08-13361.23458.97-1.55GSAT ahead
2026-08-12364.46462.36-1.53GSAT ahead
2026-08-11346.65464.25-1.77GSAT ahead
2026-08-10351.26465.66-1.72GSAT ahead
2026-08-07354.77463.36-1.65GSAT ahead
2026-08-06342.91462.47-1.80GSAT ahead
2026-08-05345.67463.63-1.78GSAT ahead
2026-08-04360.91464.97-1.60GSAT ahead
2026-08-03337.39467.69-1.95GSAT ahead
2026-07-31331.32463.25-2.01GSAT ahead
2026-07-30339.36444.97-1.72GSAT ahead
2026-07-29330.54436.52-1.76GSAT ahead
2026-07-28338.57439.13-1.69GSAT ahead
2026-07-27341.57439.08-1.65GSAT ahead
2026-07-24346.26438.52-1.58GSAT ahead
2026-07-23360.56439.97-1.41GSAT ahead
2026-07-22363.59444.13-1.41GSAT ahead
2026-07-21373.36443.74-1.28GSAT ahead
2026-07-20355.91440.74-1.46GSAT ahead
2026-07-17362.49439.91-1.36GSAT ahead
2026-07-16360.68441.86-1.40GSAT ahead
2026-07-15380.50447.41-1.21GSAT ahead
2026-07-14372.34445.30-1.28GSAT ahead
2026-07-13366.04443.52-1.34GSAT ahead
2026-07-10378.25444.97-1.21GSAT ahead
2026-07-09385.97444.58-1.11GSAT ahead
2026-07-08379.35443.61-1.18GSAT ahead
2026-07-07385.78445.08-1.12GSAT ahead
2026-07-06387.27445.58-1.11GSAT ahead
2026-07-02399.92446.63-0.97GSAT ahead
2026-07-01397.48449.80-1.03GSAT ahead
2026-06-30399.92451.63-1.02GSAT ahead
2026-06-29397.32450.74-1.04GSAT ahead
2026-06-26383.37445.86-1.14GSAT ahead
2026-06-25382.94444.19-1.12GSAT ahead
2026-06-24393.46445.24-1.01GSAT ahead
2026-06-23409.44443.97-0.81GSAT ahead
2026-06-22419.23443.41-0.69GSAT ahead
2026-06-18430.14446.74-0.60GSAT ahead
2026-06-17440.11444.52-0.47near the usual relationship
2026-06-16476.64443.08-0.10near the usual relationship
2026-06-15464.40454.30-0.30near the usual relationship
2026-06-12449.49450.91-0.39near the usual relationship
2026-06-11504.85450.63+0.10near the usual relationship
2026-06-10454.06446.19-0.27near the usual relationship
2026-06-09460.09450.08-0.25near the usual relationship
2026-06-08459.50451.08-0.25near the usual relationship
2026-06-05458.16452.74-0.27near the usual relationship
2026-06-04491.10459.19-0.04near the usual relationship
2026-06-03476.44453.36-0.10near the usual relationship
2026-06-02486.80459.13-0.06near the usual relationship
2026-06-01502.05458.30+0.07near the usual relationship
2026-05-29509.02467.86+0.05near the usual relationship
2026-05-28516.43469.08+0.10near the usual relationship
2026-05-27482.51468.36-0.15near the usual relationship
2026-05-26485.11464.41-0.09near the usual relationship
2026-05-22489.36461.13-0.03near the usual relationship
2026-05-21506.07459.52+0.12near the usual relationship
2026-05-20558.71458.08+0.50ECHO ahead
2026-05-19537.90454.36+0.40near the usual relationship
2026-05-18537.63453.97+0.40near the usual relationship
2026-05-15540.70455.47+0.41near the usual relationship
2026-05-14532.35456.02+0.36near the usual relationship
2026-05-13524.94457.41+0.30near the usual relationship
2026-05-12509.77459.30+0.18near the usual relationship
2026-05-11508.83456.97+0.19near the usual relationship
2026-05-08500.99456.08+0.15near the usual relationship
2026-05-07483.14452.69+0.04near the usual relationship
2026-05-06495.47455.41+0.12near the usual relationship
2026-05-05462.33454.86-0.13near the usual relationship
2026-05-04474.15452.58-0.02near the usual relationship
2026-05-01485.34453.91+0.06near the usual relationship
2026-04-30485.19457.25+0.04near the usual relationship
2026-04-29471.95453.52-0.03near the usual relationship
2026-04-28487.39451.58+0.11near the usual relationship
2026-04-27479.24455.02+0.02near the usual relationship
2026-04-24462.96454.52-0.10near the usual relationship
2026-04-23478.80451.63+0.05near the usual relationship
2026-04-22482.11451.91+0.08near the usual relationship
2026-04-21488.02446.41+0.17near the usual relationship
2026-04-20532.35446.47+0.49near the usual relationship
2026-04-17524.86444.58+0.46near the usual relationship
2026-04-16522.06444.63+0.45near the usual relationship
2026-04-15517.69448.02+0.39near the usual relationship
2026-04-14514.07443.97+0.41near the usual relationship
2026-04-13494.68404.96+0.60ECHO ahead
2026-04-10506.66406.46+0.68ECHO ahead
2026-04-09473.17406.30+0.44near the usual relationship
2026-04-08483.92416.19+0.44near the usual relationship
2026-04-07491.61410.30+0.55ECHO ahead
2026-04-06500.20403.69+0.68ECHO ahead
2026-04-02507.01431.85+0.49near the usual relationship
2026-04-01475.18380.74+0.71ECHO ahead
2026-03-31461.27369.02+0.73ECHO ahead
2026-03-30442.20343.46+0.84ECHO ahead
2026-03-27453.94356.46+0.81ECHO ahead
2026-03-26438.93334.88+0.92ECHO ahead
2026-03-25469.15374.35+0.76ECHO ahead
2026-03-24436.72339.41+0.86ECHO ahead
2026-03-23431.40336.68+0.85ECHO ahead
2026-03-20432.78326.29+0.99ECHO ahead
2026-03-19429.91341.85+0.80ECHO ahead
2026-03-18424.55326.02+0.93ECHO ahead
2026-03-17442.36337.68+0.96ECHO ahead
2026-03-16450.47326.85+1.15ECHO ahead
2026-03-13426.87326.02+0.97ECHO ahead
2026-03-12424.39317.29+1.06ECHO ahead
2026-03-11442.00319.96+1.19ECHO ahead
2026-03-10427.50326.52+1.00ECHO ahead
2026-03-09433.10314.79+1.19ECHO ahead
2026-03-06418.60313.57+1.09ECHO ahead
2026-03-05436.76330.07+1.06ECHO ahead
2026-03-04449.29340.57+1.05ECHO ahead
2026-03-03460.60335.74+1.21ECHO ahead
2026-03-02467.61344.46+1.18ECHO ahead
2026-02-27455.20345.96+1.07ECHO ahead
2026-02-26426.99321.57+1.11ECHO ahead
2026-02-25421.63352.46+0.72ECHO ahead
2026-02-24420.72349.02+0.75ECHO ahead
2026-02-23423.25337.74+0.90ECHO ahead
2026-02-20434.83333.91+1.06ECHO ahead
2026-02-19452.48328.07+1.28ECHO ahead
2026-02-18450.99327.85+1.28ECHO ahead
2026-02-17445.23328.13+1.24ECHO ahead
2026-02-13445.82333.68+1.19ECHO ahead
2026-02-12435.42327.79+1.17ECHO ahead
2026-02-11433.65325.74+1.19ECHO ahead
2026-02-10455.75326.57+1.38ECHO ahead
2026-02-09453.86327.13+1.37ECHO ahead
2026-02-06439.76320.29+1.34ECHO ahead
2026-02-05421.67300.74+1.44ECHO ahead
2026-02-04436.13324.46+1.28ECHO ahead
2026-02-03452.40344.35+1.21ECHO ahead
2026-02-02459.22337.68+1.35ECHO ahead
2026-01-30446.10342.35+1.19ECHO ahead
2026-01-29447.04359.18+1.02ECHO ahead
2026-01-28506.58375.30+1.35ECHO ahead
2026-01-27495.71352.46+1.52ECHO ahead
2026-01-26471.71335.57+1.53ECHO ahead
2026-01-23498.42360.96+1.48ECHO ahead
2026-01-22504.20364.85+1.49ECHO ahead
2026-01-21482.66337.85+1.64ECHO ahead
2026-01-20480.69332.52+1.70ECHO ahead
2026-01-16485.70334.24+1.73ECHO ahead
2026-01-15486.80348.85+1.59ECHO ahead
2026-01-14516.51352.96+1.79ECHO ahead
2026-01-13487.55357.24+1.52ECHO ahead
2026-01-12496.73354.46+1.64ECHO ahead
2026-01-09472.81333.35+1.69ECHO ahead
2026-01-08460.80332.02+1.61ECHO ahead
2026-01-07441.92338.07+1.39ECHO ahead
2026-01-06457.29373.91+1.14ECHO ahead
2026-01-05436.05356.02+1.15ECHO ahead
2026-01-02442.00355.52+1.21ECHO ahead
2025-12-31428.29339.13+1.28ECHO ahead
2025-12-30430.26342.88+1.26ECHO ahead
2025-12-29427.70333.29+1.35ECHO ahead
2025-12-26416.08349.41+1.08ECHO ahead
2025-12-24421.39351.41+1.11ECHO ahead
2025-12-23420.65354.18+1.09ECHO ahead
2025-12-22429.00370.19+1.00ECHO ahead
2025-12-19409.42345.85+1.09ECHO ahead
2025-12-18404.22325.79+1.27ECHO ahead
2025-12-17397.52316.18+1.33ECHO ahead
2025-12-16408.35353.91+1.02ECHO ahead
2025-12-15409.50383.63+0.75ECHO ahead
2025-12-12423.05405.63+0.67ECHO ahead
2025-12-11411.31409.35+0.54ECHO ahead
2025-12-10409.69390.46+0.70ECHO ahead
2025-12-09368.56379.13+0.44near the usual relationship
2025-12-08347.75376.69+0.26near the usual relationship
2025-12-05323.09380.46-0.02near the usual relationship
2025-12-04293.54379.41-0.34near the usual relationship
2025-12-03291.69362.02-0.20near the usual relationship
2025-12-02291.80339.85+0.03near the usual relationship
2025-12-01287.63334.02+0.04near the usual relationship
2025-11-28288.77337.52+0.02near the usual relationship
2025-11-26279.28339.13-0.11near the usual relationship
2025-11-25279.75338.29-0.09near the usual relationship
2025-11-24279.43332.74-0.03near the usual relationship
2025-11-21270.41315.57+0.04near the usual relationship
2025-11-20264.89314.77-0.02near the usual relationship
2025-11-19272.26330.41-0.08near the usual relationship
2025-11-18274.78335.79-0.10near the usual relationship
2025-11-17263.71328.85-0.17near the usual relationship
2025-11-14265.56349.74-0.34near the usual relationship
2025-11-13275.73351.02-0.23near the usual relationship
2025-11-12274.35357.68-0.30near the usual relationship
2025-11-11280.85332.91+0.02near the usual relationship
2025-11-10290.58319.90+0.27near the usual relationship
2025-11-07289.52280.46+0.70ECHO ahead
2025-11-06278.37268.07+0.73ECHO ahead
2025-11-05284.95284.07+0.62ECHO ahead
2025-11-04289.52260.68+0.96ECHO ahead
2025-11-03296.97279.90+0.80ECHO ahead
2025-10-31295.00302.29+0.52ECHO ahead
2025-10-30288.26282.13+0.67ECHO ahead
2025-10-29290.07230.79+1.37ECHO ahead
2025-10-28294.72232.18+1.40ECHO ahead
2025-10-27293.10236.85+1.32ECHO ahead
2025-10-24292.04251.51+1.11ECHO ahead
2025-10-23287.75244.79+1.15ECHO ahead
2025-10-22284.59233.68+1.28ECHO ahead
2025-10-21290.66249.79+1.13ECHO ahead
2025-10-20292.16247.18+1.19ECHO ahead
2025-10-17285.19242.01+1.18ECHO ahead
2025-10-16284.99246.01+1.13ECHO ahead
2025-10-15294.92247.62+1.23ECHO ahead
2025-10-14295.71240.62+1.34ECHO ahead
2025-10-13294.92246.12+1.26ECHO ahead
2025-10-10291.57241.07+1.30ECHO ahead
2025-10-09301.42261.46+1.14ECHO ahead
2025-10-08300.43252.96+1.25ECHO ahead
2025-10-07296.22242.96+1.34ECHO ahead
2025-10-06302.52248.57+1.34ECHO ahead
2025-10-03303.86234.07+1.58ECHO ahead
2025-10-02311.27223.73+1.84ECHO ahead
2025-10-01313.24217.57+1.97ECHO ahead
2025-09-30300.87202.18+2.11ECHO ahead
2025-09-29290.19196.51+2.10ECHO ahead
2025-09-26289.40189.95+2.24ECHO ahead
2025-09-25288.18192.51+2.20ECHO ahead
2025-09-24288.02198.45+2.11ECHO ahead
2025-09-23290.15203.34+2.07ECHO ahead
2025-09-22288.18200.34+2.12ECHO ahead
2025-09-19285.54195.01+2.20ECHO ahead
2025-09-18280.61192.01+2.22ECHO ahead
2025-09-17282.94190.45+2.31ECHO ahead
2025-09-16275.02178.29+2.49ECHO ahead
2025-09-15283.45173.18+2.77ECHO ahead
2025-09-12295.07166.34+3.16ECHO ahead
2025-09-11303.55168.29+3.31ECHO ahead
2025-09-10314.78172.90+3.43ECHO ahead
2025-09-09329.28205.07+2.97ECHO ahead
2025-09-08317.69210.79+2.76ECHO ahead
2025-09-05264.93173.51+2.87ECHO ahead
2025-09-04264.85170.51+3.01ECHO ahead
2025-09-03251.81168.06+2.91ECHO ahead
2025-09-02257.05168.62+3.05ECHO ahead
2025-08-29243.46166.29+2.93ECHO ahead
2025-08-28224.39159.67+2.79ECHO ahead
2025-08-27231.52156.67+3.09ECHO ahead
2025-08-26200.43155.45+2.47ECHO ahead
2025-08-25117.73148.56+0.11near the usual relationship
2025-08-22116.71148.34+0.08near the usual relationship
2025-08-21108.35142.84-0.09near the usual relationship
2025-08-20108.94138.45+0.09near the usual relationship
2025-08-19108.31139.90+0.01near the usual relationship
2025-08-18109.81146.40-0.14near the usual relationship
2025-08-15109.77148.40-0.20near the usual relationship
2025-08-14111.78149.67-0.15near the usual relationship
2025-08-13111.94152.67-0.24near the usual relationship
2025-08-12110.32156.17-0.42near the usual relationship
2025-08-11108.27157.06-0.54GSAT ahead
2025-08-08106.70158.17-0.65GSAT ahead
2025-08-07107.76139.90-0.01near the usual relationship
2025-08-06106.34145.29-0.26near the usual relationship
2025-08-05105.32138.73-0.09near the usual relationship
2025-08-04103.74134.73-0.02near the usual relationship
2025-08-01106.11128.62+0.31near the usual relationship
2025-07-31128.41130.51+1.17ECHO ahead
2025-07-30129.31131.23+1.18ECHO ahead
2025-07-29116.27132.45+0.63ECHO ahead
2025-07-28117.30137.78+0.48near the usual relationship
2025-07-25116.90136.51+0.51ECHO ahead
2025-07-24117.57138.51+0.47near the usual relationship
2025-07-23116.67145.01+0.22near the usual relationship
2025-07-22110.80143.78+0.01near the usual relationship
2025-07-21111.62144.34+0.02near the usual relationship
2025-07-18112.73155.40-0.29near the usual relationship
2025-07-17113.99157.12-0.29near the usual relationship
2025-07-16114.62152.56-0.12near the usual relationship
2025-07-15116.63153.51-0.06near the usual relationship
2025-07-14117.85153.51-0.01near the usual relationship
2025-07-11121.59150.84+0.23near the usual relationship
2025-07-10126.58151.73+0.40near the usual relationship
2025-07-09126.95150.17+0.47near the usual relationship
2025-07-08128.68149.73+0.55ECHO ahead
2025-07-07123.56147.34+0.44near the usual relationship
2025-07-03123.56138.45+0.74ECHO ahead
2025-07-02116.19132.17+0.67ECHO ahead
2025-07-01111.74128.56+0.62ECHO ahead
2025-06-30109.14130.84+0.42near the usual relationship
2025-06-27113.51130.78+0.61ECHO ahead
2025-06-26100.32130.06+0.04near the usual relationship
2025-06-2597.04128.95-0.08near the usual relationship
2025-06-2499.45132.12-0.08near the usual relationship
2025-06-2399.09132.17-0.10near the usual relationship
2025-06-2098.98130.45-0.04near the usual relationship
2025-06-1897.99132.45-0.16near the usual relationship
2025-06-1796.06129.62-0.16near the usual relationship
2025-06-1698.94129.90-0.02near the usual relationship
2025-06-1366.35121.95-1.67GSAT ahead
2025-06-1271.22123.28-1.39GSAT ahead
2025-06-1168.05121.84-1.57GSAT ahead
2025-06-1065.96121.12-1.71GSAT ahead
2025-06-0963.00117.73-1.82GSAT ahead
2025-06-0668.87110.56-1.07GSAT ahead
2025-06-0574.98109.62-0.61GSAT ahead
2025-06-0463.83109.01-1.39GSAT ahead
2025-06-0363.63105.28-1.24GSAT ahead
2025-06-0271.75103.17-0.54GSAT ahead
2025-05-3069.86102.56-0.65GSAT ahead
2025-05-2979.47103.95-0.07near the usual relationship
2025-05-2878.61105.01-0.18near the usual relationship
2025-05-2779.75106.23-0.16near the usual relationship
2025-05-2377.86101.45-0.05near the usual relationship
2025-05-2282.55102.73+0.18near the usual relationship
2025-05-2183.29101.73+0.28near the usual relationship
2025-05-2087.31106.51+0.29near the usual relationship
2025-05-1986.68102.12+0.47near the usual relationship
2025-05-1692.16101.95+0.79ECHO ahead
2025-05-1590.23103.67+0.61ECHO ahead
2025-05-1489.78103.67+0.59ECHO ahead
2025-05-1377.94105.12-0.18near the usual relationship
2025-05-1279.51105.84-0.11near the usual relationship
2025-05-0995.3197.70+1.19ECHO ahead
2025-05-0893.97112.17+0.44near the usual relationship
2025-05-0795.55111.73+0.55ECHO ahead
2025-05-0694.25110.28+0.55ECHO ahead
2025-05-0594.09110.51+0.54ECHO ahead
2025-05-0294.68113.34+0.45near the usual relationship
2025-05-0190.70109.34+0.42near the usual relationship
2025-04-3088.57106.78+0.43near the usual relationship
2025-04-2989.44109.28+0.37near the usual relationship
2025-04-2889.36109.45+0.36near the usual relationship
2025-04-2588.89108.95+0.36near the usual relationship
2025-04-2488.69108.62+0.37near the usual relationship
2025-04-2386.56106.12+0.37near the usual relationship
2025-04-2283.96105.51+0.26near the usual relationship
2025-04-2182.74105.73+0.19near the usual relationship
2025-04-1785.70108.73+0.23near the usual relationship
2025-04-1687.08108.14+0.33near the usual relationship
2025-04-1590.54109.51+0.46near the usual relationship
2025-04-1489.60108.56+0.46near the usual relationship
2025-04-1188.57108.67+0.41near the usual relationship
2025-04-1087.08107.23+0.40near the usual relationship
2025-04-0992.36111.23+0.51ECHO ahead
2025-04-0882.43102.51+0.37near the usual relationship
2025-04-0783.57103.89+0.38near the usual relationship
2025-04-0484.83103.56+0.46near the usual relationship
2025-04-0391.92109.17+0.59ECHO ahead
2025-04-02103.59115.62+0.87ECHO ahead
2025-04-0199.25115.06+0.71ECHO ahead
2025-03-31100.79115.89+0.75ECHO ahead
2025-03-2898.46118.23+0.57ECHO ahead
2025-03-27103.07125.12+0.53ECHO ahead
2025-03-26103.70128.06+0.46near the usual relationship
2025-03-25105.20128.84+0.51ECHO ahead
2025-03-24105.91130.12+0.50ECHO ahead
2025-03-21104.26122.06+0.70ECHO ahead
2025-03-20104.41120.12+0.78ECHO ahead
2025-03-19102.96120.56+0.72ECHO ahead
2025-03-18101.89115.45+0.86ECHO ahead
2025-03-17103.62120.06+0.77ECHO ahead
2025-03-14102.99118.51+0.81ECHO ahead
2025-03-13103.98119.01+0.84ECHO ahead
2025-03-12103.78123.12+0.70ECHO ahead
2025-03-11104.41123.28+0.72ECHO ahead
2025-03-1099.21120.73+0.61ECHO ahead
2025-03-07110.87128.28+0.82ECHO ahead
2025-03-06111.82124.56+0.97ECHO ahead
2025-03-05121.32128.28+1.19ECHO ahead
2025-03-04122.30119.89+1.49ECHO ahead
2025-03-03122.42116.31+1.62ECHO ahead
2025-02-28123.05119.95+1.53ECHO ahead
2025-02-27119.82119.78+1.43ECHO ahead
2025-02-26114.30120.78+1.22ECHO ahead
2025-02-25111.66108.73+1.54ECHO ahead
2025-02-24114.26114.34+1.45ECHO ahead
2025-02-21116.51114.84+1.51ECHO ahead
2025-02-20118.87123.67+1.31ECHO ahead
2025-02-19118.24127.84+1.17ECHO ahead
2025-02-18118.75123.84+1.31ECHO ahead
2025-02-14115.29125.90+1.15ECHO ahead
2025-02-13114.11122.78+1.21ECHO ahead
2025-02-12113.67117.01+1.37ECHO ahead
2025-02-11113.00135.17+0.84ECHO ahead
2025-02-10114.46130.00+1.03ECHO ahead
2025-02-07115.01125.83+1.17ECHO ahead
2025-02-06115.72133.33+0.99ECHO ahead
2025-02-05112.10131.67+0.93ECHO ahead
2025-02-04108.00128.33+0.90ECHO ahead
2025-02-03108.55125.00+1.01ECHO ahead
2025-01-31108.98127.50+0.97ECHO ahead
2025-01-30108.23123.33+1.06ECHO ahead
2025-01-29105.99130.83+0.79ECHO ahead
2025-01-28107.21159.17+0.17near the usual relationship
2025-01-27106.74151.67+0.32near the usual relationship
2025-01-24108.98165.00+0.11near the usual relationship
2025-01-23110.80158.33+0.31near the usual relationship
2025-01-22108.43161.67+0.17near the usual relationship
2025-01-21109.30164.17+0.15near the usual relationship
2025-01-17106.38157.50+0.21near the usual relationship
2025-01-16100.63155.00+0.08near the usual relationship
2025-01-1596.45155.00-0.06near the usual relationship
2025-01-1491.88151.67-0.14near the usual relationship
2025-01-1390.74150.00-0.14near the usual relationship
2025-01-1090.98157.50-0.28near the usual relationship
2025-01-0892.28165.00-0.37near the usual relationship
2025-01-0789.56178.33-0.70GSAT ahead
2025-01-0691.92182.50-0.68GSAT ahead
2025-01-0391.06183.33-0.72GSAT ahead
2025-01-0289.64176.67-0.65GSAT ahead
2024-12-3190.23172.50-0.55GSAT ahead
2024-12-3090.66180.83-0.68GSAT ahead
2024-12-2788.93179.17-0.70GSAT ahead
2024-12-2690.90177.50-0.60GSAT ahead
2024-12-2490.70164.17-0.35near the usual relationship
2024-12-2389.40160.83-0.33near the usual relationship
2024-12-2089.64162.50-0.35near the usual relationship
2024-12-1989.09156.67-0.25near the usual relationship
2024-12-1887.67154.17-0.24near the usual relationship
2024-12-1790.76158.33-0.21near the usual relationship
2024-12-1693.54162.50-0.19near the usual relationship
2024-12-1391.96162.50-0.24near the usual relationship
2024-12-1292.32166.67-0.30near the usual relationship
2024-12-1192.36185.00-0.61GSAT ahead
2024-12-1091.80190.83-0.71GSAT ahead
2024-12-0993.50175.83-0.41near the usual relationship
2024-12-0694.56184.17-0.51GSAT ahead
2024-12-0594.31171.67-0.30near the usual relationship
2024-12-0494.56174.17-0.33near the usual relationship
2024-12-0396.73175.00-0.27near the usual relationship
2024-12-0299.29160.83+0.06near the usual relationship
2024-11-2999.65162.50+0.05near the usual relationship
2024-11-2798.62158.33+0.10near the usual relationship
2024-11-2697.99151.67+0.21near the usual relationship
2024-11-2596.18155.83+0.09near the usual relationship
2024-11-2290.23149.17+0.03near the usual relationship
2024-11-2192.87147.50+0.15near the usual relationship
2024-11-2092.32142.50+0.24near the usual relationship
2024-11-1995.47145.00+0.29near the usual relationship
2024-11-1893.30142.50+0.28near the usual relationship
2024-11-1589.80150.00+0.04near the usual relationship
2024-11-1486.64157.50-0.19near the usual relationship
2024-11-1384.79145.83-0.03near the usual relationship
2024-11-1289.68158.33-0.09near the usual relationship
2024-11-11102.96167.50+0.13near the usual relationship
2024-11-08101.69165.00+0.14near the usual relationship
2024-11-07102.72154.17+0.36near the usual relationship
2024-11-06107.05155.00+0.46near the usual relationship
2024-11-0596.97145.83+0.36near the usual relationship
2024-11-0495.63151.67+0.22near the usual relationship
2024-11-0197.24115.00+1.01ECHO ahead
2024-10-3198.7487.50+1.80ECHO ahead
2024-10-3099.2189.17+1.78ECHO ahead
2024-10-2999.3794.17+1.66ECHO ahead
2024-10-2899.6191.67+1.76ECHO ahead
2024-10-2599.0185.83+1.94ECHO ahead
2024-10-2498.3185.83+1.94ECHO ahead
2024-10-2398.9888.33+1.91ECHO ahead
2024-10-2298.0390.83+1.82ECHO ahead
2024-10-2196.9793.33+1.73ECHO ahead
2024-10-18100.00100.00+1.64ECHO ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 1, 2024 (ECHO -1.5%, GSAT +31.4%); Nov 4, 2024 (ECHO -1.7%, GSAT +31.9%); May 12, 2025 (ECHO -16.6%, GSAT +8.3%); Jun 16, 2025 (ECHO +49.1%, GSAT +6.5%); Aug 26, 2025 (ECHO +70.3%, GSAT +4.6%). Upcoming earnings: ECHO Nov 5, 2026 (not-supplied); GSAT Nov 5, 2026 (not-supplied).

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

ECHO and GSAT at a glance

ECHO EchoStar Corporation

Listing
Nasdaq · SEC CIK 1415404
Industry
Telecommunications Equipment · SIC 4899 Communications Services, NEC
Market value
$25.1B
Price history
2,520 daily closes, Oct 12, 2016 to Oct 22, 2026

GSAT Globalstar Inc.

Listing
Nasdaq · SEC CIK 1366868
Industry
Telecommunications Equipment · SIC 4899 Communications Services, NEC
Market value
$10.8B
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
ECHO / ASTSWatchlistECHO by 2.97 sdSIC 4899 Communications Services, NEC
ASTS / GSATWatchlistGSAT by 2.55 sdSIC 4899 Communications Services, NEC

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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.