Encompass Health Corporation vs HCA Healthcare Inc.
WatchlistEHC / HCAPrices through Oct 22, 2026
Why these are rivals: #1 and #3 by market value ($98B vs $12B) in Nasdaq's "Hospital/Nursing Management" industry; SEC SIC 8062 / 8060 (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: 0.29 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -1.40 (needs <= -2.873 (5% critical value))
Business leadership
HCA is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | EHC | HCA | Larger |
|---|---|---|---|
| 2025 | $5.9B | $75.6B | HCA |
| 2024 | $5.4B | $70.6B | HCA |
| 2023 | $4.8B | $65.0B | HCA |
| 2022 | $4.3B | $60.2B | HCA |
| 2021 | $4.0B | $58.8B | HCA |
| 2020 | $3.6B | $51.5B | HCA |
HCA led in every year with figures for both. Market value: EHC $12.0B, HCA $98.5B.
Stock leadership
EHC is ahead now
Measured against the pair's own last 252 trading days.
EHC leads HCA by 0.69 standard deviations: +10.2% over its usual price ratio. 1 lead switch in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| EHC | +11.6% | +23.7% | +0.9% |
| HCA | +22.3% | -1.4% | +8.2% |
Relationship
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.29 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -1.40 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 45.27 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
EHC Encompass Health Corporation HCA HCA Healthcare Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: EHC relative to HCA, against the 252 sessions before each day. Above 0: EHC ahead; below 0: HCA ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | EHC index | HCA index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 129.65 | 112.46 | +0.69 | EHC ahead |
| 2026-10-21 | 123.95 | 110.55 | +0.49 | near the usual relationship |
| 2026-10-20 | 125.19 | 112.08 | +0.46 | near the usual relationship |
| 2026-10-19 | 125.23 | 109.47 | +0.62 | EHC ahead |
| 2026-10-16 | 131.57 | 110.42 | +0.90 | EHC ahead |
| 2026-10-15 | 131.46 | 112.74 | +0.75 | EHC ahead |
| 2026-10-14 | 130.22 | 113.21 | +0.65 | EHC ahead |
| 2026-10-13 | 127.92 | 110.88 | +0.67 | EHC ahead |
| 2026-10-12 | 128.02 | 110.36 | +0.70 | EHC ahead |
| 2026-10-09 | 126.90 | 108.56 | +0.75 | EHC ahead |
| 2026-10-08 | 126.08 | 107.09 | +0.80 | EHC ahead |
| 2026-10-07 | 126.02 | 105.69 | +0.89 | EHC ahead |
| 2026-10-06 | 128.30 | 104.01 | +1.12 | EHC ahead |
| 2026-10-05 | 124.47 | 104.66 | +0.87 | EHC ahead |
| 2026-10-02 | 123.26 | 102.68 | +0.93 | EHC ahead |
| 2026-10-01 | 122.50 | 101.89 | +0.94 | EHC ahead |
| 2026-09-30 | 125.00 | 102.70 | +1.02 | EHC ahead |
| 2026-09-29 | 127.13 | 103.87 | +1.05 | EHC ahead |
| 2026-09-28 | 127.61 | 104.11 | +1.06 | EHC ahead |
| 2026-09-25 | 127.04 | 104.83 | +0.98 | EHC ahead |
| 2026-09-24 | 125.54 | 101.91 | +1.08 | EHC ahead |
| 2026-09-23 | 125.74 | 105.04 | +0.88 | EHC ahead |
| 2026-09-22 | 126.31 | 105.43 | +0.88 | EHC ahead |
| 2026-09-21 | 125.07 | 102.51 | +1.00 | EHC ahead |
| 2026-09-18 | 125.27 | 102.93 | +0.98 | EHC ahead |
| 2026-09-17 | 126.70 | 103.25 | +1.03 | EHC ahead |
| 2026-09-16 | 127.49 | 103.58 | +1.05 | EHC ahead |
| 2026-09-15 | 125.53 | 101.99 | +1.04 | EHC ahead |
| 2026-09-14 | 126.07 | 102.39 | +1.04 | EHC ahead |
| 2026-09-11 | 125.23 | 102.74 | +0.96 | EHC ahead |
| 2026-09-10 | 124.54 | 101.36 | +1.01 | EHC ahead |
| 2026-09-09 | 125.03 | 101.51 | +1.03 | EHC ahead |
| 2026-09-08 | 123.95 | 96.75 | +1.29 | EHC ahead |
| 2026-09-04 | 125.31 | 97.46 | +1.31 | EHC ahead |
| 2026-09-03 | 126.13 | 98.47 | +1.29 | EHC ahead |
| 2026-09-02 | 124.68 | 96.76 | +1.33 | EHC ahead |
| 2026-09-01 | 125.58 | 99.53 | +1.18 | EHC ahead |
| 2026-08-31 | 123.69 | 99.74 | +1.07 | EHC ahead |
| 2026-08-28 | 124.34 | 100.55 | +1.05 | EHC ahead |
| 2026-08-27 | 123.03 | 100.91 | +0.95 | EHC ahead |
| 2026-08-26 | 124.27 | 102.80 | +0.89 | EHC ahead |
| 2026-08-25 | 123.61 | 103.18 | +0.83 | EHC ahead |
| 2026-08-24 | 124.42 | 103.30 | +0.86 | EHC ahead |
| 2026-08-21 | 123.79 | 103.28 | +0.82 | EHC ahead |
| 2026-08-20 | 124.41 | 97.77 | +1.21 | EHC ahead |
| 2026-08-19 | 125.26 | 97.96 | +1.24 | EHC ahead |
| 2026-08-18 | 125.63 | 99.08 | +1.18 | EHC ahead |
| 2026-08-17 | 125.52 | 97.46 | +1.29 | EHC ahead |
| 2026-08-14 | 127.16 | 97.39 | +1.38 | EHC ahead |
| 2026-08-13 | 127.12 | 99.09 | +1.26 | EHC ahead |
| 2026-08-12 | 128.44 | 99.77 | +1.28 | EHC ahead |
| 2026-08-11 | 128.97 | 99.01 | +1.36 | EHC ahead |
| 2026-08-10 | 129.45 | 99.64 | +1.34 | EHC ahead |
| 2026-08-07 | 128.85 | 99.48 | +1.31 | EHC ahead |
| 2026-08-06 | 128.43 | 98.40 | +1.36 | EHC ahead |
| 2026-08-05 | 114.11 | 98.58 | +0.58 | EHC ahead |
| 2026-08-04 | 113.69 | 96.44 | +0.69 | EHC ahead |
| 2026-08-03 | 115.72 | 97.85 | +0.71 | EHC ahead |
| 2026-07-31 | 114.28 | 96.88 | +0.69 | EHC ahead |
| 2026-07-30 | 114.10 | 95.25 | +0.78 | EHC ahead |
| 2026-07-29 | 117.09 | 98.23 | +0.74 | EHC ahead |
| 2026-07-28 | 119.38 | 100.64 | +0.70 | EHC ahead |
| 2026-07-27 | 117.17 | 93.76 | +1.03 | EHC ahead |
| 2026-07-24 | 116.15 | 91.97 | +1.09 | EHC ahead |
| 2026-07-23 | 114.27 | 90.60 | +1.08 | EHC ahead |
| 2026-07-22 | 114.23 | 89.49 | +1.16 | EHC ahead |
| 2026-07-21 | 115.34 | 89.78 | +1.20 | EHC ahead |
| 2026-07-20 | 115.75 | 89.14 | +1.27 | EHC ahead |
| 2026-07-17 | 115.45 | 89.32 | +1.24 | EHC ahead |
| 2026-07-16 | 115.74 | 92.83 | +1.01 | EHC ahead |
| 2026-07-15 | 113.06 | 91.17 | +0.97 | EHC ahead |
| 2026-07-14 | 111.87 | 87.50 | +1.16 | EHC ahead |
| 2026-07-13 | 113.22 | 94.03 | +0.78 | EHC ahead |
| 2026-07-10 | 113.34 | 97.85 | +0.53 | EHC ahead |
| 2026-07-09 | 114.23 | 98.43 | +0.54 | EHC ahead |
| 2026-07-08 | 113.44 | 98.81 | +0.46 | near the usual relationship |
| 2026-07-07 | 113.92 | 101.82 | +0.30 | near the usual relationship |
| 2026-07-06 | 110.08 | 100.37 | +0.17 | near the usual relationship |
| 2026-07-02 | 109.54 | 98.79 | +0.23 | near the usual relationship |
| 2026-07-01 | 104.32 | 94.63 | +0.19 | near the usual relationship |
| 2026-06-30 | 104.00 | 93.83 | +0.22 | near the usual relationship |
| 2026-06-29 | 103.82 | 94.41 | +0.16 | near the usual relationship |
| 2026-06-26 | 104.26 | 94.26 | +0.19 | near the usual relationship |
| 2026-06-25 | 102.60 | 93.12 | +0.16 | near the usual relationship |
| 2026-06-24 | 105.21 | 93.31 | +0.30 | near the usual relationship |
| 2026-06-23 | 102.79 | 93.11 | +0.16 | near the usual relationship |
| 2026-06-22 | 101.53 | 90.72 | +0.24 | near the usual relationship |
| 2026-06-18 | 100.86 | 90.28 | +0.22 | near the usual relationship |
| 2026-06-17 | 100.72 | 93.41 | +0.01 | near the usual relationship |
| 2026-06-16 | 102.73 | 95.52 | -0.01 | near the usual relationship |
| 2026-06-15 | 102.23 | 93.85 | +0.06 | near the usual relationship |
| 2026-06-12 | 104.40 | 93.18 | +0.22 | near the usual relationship |
| 2026-06-11 | 105.34 | 91.09 | +0.39 | near the usual relationship |
| 2026-06-10 | 106.34 | 89.84 | +0.52 | EHC ahead |
| 2026-06-09 | 107.20 | 90.22 | +0.54 | EHC ahead |
| 2026-06-08 | 104.03 | 86.95 | +0.57 | EHC ahead |
| 2026-06-05 | 107.02 | 89.55 | +0.56 | EHC ahead |
| 2026-06-04 | 102.73 | 87.07 | +0.48 | near the usual relationship |
| 2026-06-03 | 106.15 | 87.41 | +0.65 | EHC ahead |
| 2026-06-02 | 104.49 | 88.40 | +0.49 | near the usual relationship |
| 2026-06-01 | 105.70 | 89.27 | +0.49 | near the usual relationship |
| 2026-05-29 | 108.91 | 91.10 | +0.54 | EHC ahead |
| 2026-05-28 | 108.41 | 92.50 | +0.43 | near the usual relationship |
| 2026-05-27 | 107.31 | 94.37 | +0.25 | near the usual relationship |
| 2026-05-26 | 107.94 | 94.44 | +0.28 | near the usual relationship |
| 2026-05-22 | 107.99 | 94.83 | +0.25 | near the usual relationship |
| 2026-05-21 | 107.47 | 94.47 | +0.24 | near the usual relationship |
| 2026-05-20 | 109.05 | 95.46 | +0.26 | near the usual relationship |
| 2026-05-19 | 107.79 | 97.39 | +0.08 | near the usual relationship |
| 2026-05-18 | 109.17 | 101.74 | -0.09 | near the usual relationship |
| 2026-05-15 | 109.72 | 101.80 | -0.07 | near the usual relationship |
| 2026-05-14 | 110.40 | 104.13 | -0.17 | near the usual relationship |
| 2026-05-13 | 110.60 | 102.89 | -0.10 | near the usual relationship |
| 2026-05-12 | 111.20 | 103.41 | -0.10 | near the usual relationship |
| 2026-05-11 | 107.85 | 102.61 | -0.23 | near the usual relationship |
| 2026-05-08 | 109.17 | 104.73 | -0.28 | near the usual relationship |
| 2026-05-07 | 110.25 | 103.24 | -0.16 | near the usual relationship |
| 2026-05-06 | 108.05 | 103.35 | -0.28 | near the usual relationship |
| 2026-05-05 | 108.20 | 103.19 | -0.27 | near the usual relationship |
| 2026-05-04 | 109.72 | 102.80 | -0.18 | near the usual relationship |
| 2026-05-01 | 110.59 | 104.22 | -0.22 | near the usual relationship |
| 2026-04-30 | 102.89 | 104.55 | -0.62 | HCA ahead |
| 2026-04-29 | 105.58 | 104.63 | -0.49 | near the usual relationship |
| 2026-04-28 | 104.63 | 103.94 | -0.51 | HCA ahead |
| 2026-04-27 | 103.84 | 107.27 | -0.72 | HCA ahead |
| 2026-04-24 | 104.93 | 104.07 | -0.52 | HCA ahead |
| 2026-04-23 | 104.81 | 114.08 | -1.01 | HCA ahead |
| 2026-04-22 | 105.12 | 113.43 | -0.97 | HCA ahead |
| 2026-04-21 | 105.74 | 113.39 | -0.95 | HCA ahead |
| 2026-04-20 | 109.34 | 115.06 | -0.86 | HCA ahead |
| 2026-04-17 | 109.47 | 117.44 | -0.96 | HCA ahead |
| 2026-04-16 | 108.54 | 116.23 | -0.96 | HCA ahead |
| 2026-04-15 | 108.28 | 117.58 | -1.04 | HCA ahead |
| 2026-04-14 | 109.78 | 120.00 | -1.09 | HCA ahead |
| 2026-04-13 | 110.67 | 119.70 | -1.04 | HCA ahead |
| 2026-04-10 | 110.35 | 119.24 | -1.04 | HCA ahead |
| 2026-04-09 | 111.46 | 122.06 | -1.12 | HCA ahead |
| 2026-04-08 | 109.90 | 121.56 | -1.18 | HCA ahead |
| 2026-04-07 | 108.73 | 117.82 | -1.08 | HCA ahead |
| 2026-04-06 | 108.19 | 116.46 | -1.06 | HCA ahead |
| 2026-04-02 | 100.21 | 113.55 | -1.34 | HCA ahead |
| 2026-04-01 | 100.20 | 114.25 | -1.39 | HCA ahead |
| 2026-03-31 | 99.53 | 113.89 | -1.42 | HCA ahead |
| 2026-03-30 | 100.34 | 112.58 | -1.32 | HCA ahead |
| 2026-03-27 | 100.39 | 113.55 | -1.38 | HCA ahead |
| 2026-03-26 | 100.57 | 115.59 | -1.48 | HCA ahead |
| 2026-03-25 | 101.68 | 116.48 | -1.47 | HCA ahead |
| 2026-03-24 | 100.31 | 116.89 | -1.58 | HCA ahead |
| 2026-03-23 | 100.34 | 119.02 | -1.70 | HCA ahead |
| 2026-03-20 | 98.63 | 118.85 | -1.80 | HCA ahead |
| 2026-03-19 | 100.72 | 120.24 | -1.77 | HCA ahead |
| 2026-03-18 | 102.56 | 120.82 | -1.71 | HCA ahead |
| 2026-03-17 | 104.51 | 122.70 | -1.71 | HCA ahead |
| 2026-03-16 | 104.36 | 126.39 | -1.91 | HCA ahead |
| 2026-03-13 | 103.27 | 128.26 | -2.08 | HCA ahead |
| 2026-03-12 | 103.20 | 128.17 | -2.11 | HCA ahead |
| 2026-03-11 | 103.54 | 129.30 | -2.17 | HCA ahead |
| 2026-03-10 | 109.98 | 129.38 | -1.84 | HCA ahead |
| 2026-03-09 | 111.76 | 131.19 | -1.85 | HCA ahead |
| 2026-03-06 | 110.04 | 128.22 | -1.83 | HCA ahead |
| 2026-03-05 | 110.74 | 128.62 | -1.83 | HCA ahead |
| 2026-03-04 | 112.10 | 131.01 | -1.88 | HCA ahead |
| 2026-03-03 | 111.13 | 130.38 | -1.93 | HCA ahead |
| 2026-03-02 | 111.18 | 128.25 | -1.85 | HCA ahead |
| 2026-02-27 | 111.00 | 127.47 | -1.84 | HCA ahead |
| 2026-02-26 | 110.30 | 126.55 | -1.86 | HCA ahead |
| 2026-02-25 | 109.20 | 130.09 | -2.11 | HCA ahead |
| 2026-02-24 | 107.87 | 126.71 | -2.05 | HCA ahead |
| 2026-02-23 | 109.22 | 128.98 | -2.11 | HCA ahead |
| 2026-02-20 | 109.63 | 128.10 | -2.07 | HCA ahead |
| 2026-02-19 | 110.25 | 127.22 | -2.02 | HCA ahead |
| 2026-02-18 | 112.23 | 128.75 | -2.01 | HCA ahead |
| 2026-02-17 | 112.71 | 128.70 | -2.00 | HCA ahead |
| 2026-02-13 | 113.32 | 130.02 | -2.06 | HCA ahead |
| 2026-02-12 | 115.30 | 128.80 | -1.91 | HCA ahead |
| 2026-02-11 | 116.71 | 127.90 | -1.80 | HCA ahead |
| 2026-02-10 | 112.15 | 120.82 | -1.71 | HCA ahead |
| 2026-02-09 | 109.23 | 119.73 | -1.84 | HCA ahead |
| 2026-02-06 | 108.44 | 120.73 | -1.97 | HCA ahead |
| 2026-02-05 | 102.44 | 123.64 | -2.55 | HCA ahead |
| 2026-02-04 | 98.43 | 118.79 | -2.60 | HCA ahead |
| 2026-02-03 | 97.09 | 120.14 | -2.82 | HCA ahead |
| 2026-02-02 | 96.54 | 119.57 | -2.89 | HCA ahead |
| 2026-01-30 | 97.26 | 117.50 | -2.76 | HCA ahead |
| 2026-01-29 | 97.31 | 116.12 | -2.73 | HCA ahead |
| 2026-01-28 | 98.47 | 118.21 | -2.82 | HCA ahead |
| 2026-01-27 | 97.46 | 121.73 | -3.19 | HCA ahead |
| 2026-01-26 | 99.95 | 113.68 | -2.53 | HCA ahead |
| 2026-01-23 | 101.24 | 113.32 | -2.45 | HCA ahead |
| 2026-01-22 | 102.24 | 112.23 | -2.33 | HCA ahead |
| 2026-01-21 | 102.28 | 112.01 | -2.35 | HCA ahead |
| 2026-01-20 | 101.69 | 111.75 | -2.42 | HCA ahead |
| 2026-01-16 | 103.41 | 112.93 | -2.40 | HCA ahead |
| 2026-01-15 | 105.77 | 116.43 | -2.51 | HCA ahead |
| 2026-01-14 | 103.12 | 115.23 | -2.68 | HCA ahead |
| 2026-01-13 | 103.20 | 115.35 | -2.73 | HCA ahead |
| 2026-01-12 | 105.73 | 114.15 | -2.48 | HCA ahead |
| 2026-01-09 | 105.91 | 113.60 | -2.47 | HCA ahead |
| 2026-01-08 | 108.03 | 115.28 | -2.46 | HCA ahead |
| 2026-01-07 | 109.45 | 113.26 | -2.23 | HCA ahead |
| 2026-01-06 | 110.89 | 116.38 | -2.39 | HCA ahead |
| 2026-01-05 | 110.83 | 114.99 | -2.32 | HCA ahead |
| 2026-01-02 | 109.45 | 113.20 | -2.33 | HCA ahead |
| 2025-12-31 | 109.21 | 112.35 | -2.31 | HCA ahead |
| 2025-12-30 | 110.78 | 113.89 | -2.34 | HCA ahead |
| 2025-12-29 | 111.08 | 114.07 | -2.37 | HCA ahead |
| 2025-12-26 | 110.63 | 114.82 | -2.51 | HCA ahead |
| 2025-12-24 | 110.21 | 114.08 | -2.52 | HCA ahead |
| 2025-12-23 | 110.33 | 114.08 | -2.56 | HCA ahead |
| 2025-12-22 | 110.19 | 113.59 | -2.57 | HCA ahead |
| 2025-12-19 | 109.47 | 113.82 | -2.70 | HCA ahead |
| 2025-12-18 | 110.63 | 112.28 | -2.50 | HCA ahead |
| 2025-12-17 | 111.93 | 113.55 | -2.54 | HCA ahead |
| 2025-12-16 | 111.13 | 113.06 | -2.62 | HCA ahead |
| 2025-12-15 | 110.70 | 114.79 | -2.87 | HCA ahead |
| 2025-12-12 | 110.09 | 116.66 | -3.17 | HCA ahead |
| 2025-12-11 | 109.94 | 116.08 | -3.20 | HCA ahead |
| 2025-12-10 | 109.48 | 112.80 | -3.00 | HCA ahead |
| 2025-12-09 | 111.16 | 117.56 | -3.38 | HCA ahead |
| 2025-12-08 | 115.15 | 116.75 | -2.97 | HCA ahead |
| 2025-12-05 | 115.75 | 117.12 | -3.01 | HCA ahead |
| 2025-12-04 | 116.29 | 117.36 | -3.04 | HCA ahead |
| 2025-12-03 | 116.31 | 117.14 | -3.09 | HCA ahead |
| 2025-12-02 | 117.15 | 120.40 | -3.42 | HCA ahead |
| 2025-12-01 | 118.02 | 121.05 | -3.49 | HCA ahead |
| 2025-11-28 | 119.58 | 122.32 | -3.56 | HCA ahead |
| 2025-11-26 | 119.61 | 123.88 | -3.84 | HCA ahead |
| 2025-11-25 | 119.55 | 124.14 | -4.01 | HCA ahead |
| 2025-11-24 | 116.40 | 120.58 | -4.13 | HCA ahead |
| 2025-11-21 | 117.66 | 118.16 | -3.81 | HCA ahead |
| 2025-11-20 | 116.05 | 114.62 | -3.67 | HCA ahead |
| 2025-11-19 | 115.16 | 115.77 | -4.07 | HCA ahead |
| 2025-11-18 | 115.93 | 115.06 | -4.01 | HCA ahead |
| 2025-11-17 | 115.24 | 114.81 | -4.22 | HCA ahead |
| 2025-11-14 | 116.74 | 113.74 | -3.99 | HCA ahead |
| 2025-11-13 | 117.58 | 113.90 | -4.02 | HCA ahead |
| 2025-11-12 | 118.12 | 113.97 | -4.09 | HCA ahead |
| 2025-11-11 | 118.94 | 111.26 | -3.63 | HCA ahead |
| 2025-11-10 | 118.54 | 110.53 | -3.68 | HCA ahead |
| 2025-11-07 | 118.60 | 114.70 | -4.51 | HCA ahead |
| 2025-11-06 | 118.40 | 113.43 | -4.48 | HCA ahead |
| 2025-11-05 | 118.63 | 113.88 | -4.68 | HCA ahead |
| 2025-11-04 | 120.53 | 113.51 | -4.42 | HCA ahead |
| 2025-11-03 | 119.43 | 111.07 | -4.29 | HCA ahead |
| 2025-10-31 | 117.14 | 110.62 | -4.80 | HCA ahead |
| 2025-10-30 | 120.19 | 112.34 | -4.64 | HCA ahead |
| 2025-10-29 | 129.26 | 112.72 | -3.00 | HCA ahead |
| 2025-10-28 | 129.93 | 112.25 | -2.64 | HCA ahead |
| 2025-10-27 | 130.86 | 112.59 | -2.41 | HCA ahead |
| 2025-10-24 | 129.78 | 107.58 | -1.54 | HCA ahead |
| 2025-10-23 | 130.08 | 105.92 | -1.12 | HCA ahead |
| 2025-10-22 | 129.93 | 106.17 | -1.12 | HCA ahead |
| 2025-10-21 | 128.51 | 103.96 | -0.90 | HCA ahead |
| 2025-10-20 | 128.82 | 104.24 | -0.86 | HCA ahead |
| 2025-10-17 | 128.15 | 102.56 | -0.64 | HCA ahead |
| 2025-10-16 | 126.56 | 100.98 | -0.57 | HCA ahead |
| 2025-10-15 | 127.23 | 101.13 | -0.49 | near the usual relationship |
| 2025-10-14 | 126.48 | 100.69 | -0.49 | near the usual relationship |
| 2025-10-13 | 124.82 | 98.83 | -0.39 | near the usual relationship |
| 2025-10-10 | 125.68 | 99.90 | -0.43 | near the usual relationship |
| 2025-10-09 | 126.72 | 100.80 | -0.42 | near the usual relationship |
| 2025-10-08 | 128.00 | 102.58 | -0.50 | HCA ahead |
| 2025-10-07 | 128.82 | 105.30 | -0.76 | HCA ahead |
| 2025-10-06 | 127.19 | 104.33 | -0.78 | HCA ahead |
| 2025-10-03 | 126.79 | 103.37 | -0.67 | HCA ahead |
| 2025-10-02 | 127.12 | 102.68 | -0.53 | HCA ahead |
| 2025-10-01 | 128.12 | 102.53 | -0.39 | near the usual relationship |
| 2025-09-30 | 130.69 | 102.57 | -0.13 | near the usual relationship |
| 2025-09-29 | 129.51 | 101.29 | -0.08 | near the usual relationship |
| 2025-09-26 | 130.36 | 100.85 | +0.07 | near the usual relationship |
| 2025-09-25 | 129.22 | 99.84 | +0.09 | near the usual relationship |
| 2025-09-24 | 129.46 | 100.26 | +0.08 | near the usual relationship |
| 2025-09-23 | 130.44 | 98.53 | +0.37 | near the usual relationship |
| 2025-09-22 | 129.68 | 98.00 | +0.38 | near the usual relationship |
| 2025-09-19 | 127.65 | 96.81 | +0.34 | near the usual relationship |
| 2025-09-18 | 128.95 | 96.52 | +0.49 | near the usual relationship |
| 2025-09-17 | 127.87 | 96.11 | +0.45 | near the usual relationship |
| 2025-09-16 | 127.39 | 96.20 | +0.41 | near the usual relationship |
| 2025-09-15 | 128.26 | 97.02 | +0.40 | near the usual relationship |
| 2025-09-12 | 129.69 | 97.49 | +0.47 | near the usual relationship |
| 2025-09-11 | 130.47 | 96.95 | +0.60 | EHC ahead |
| 2025-09-10 | 128.20 | 94.90 | +0.64 | EHC ahead |
| 2025-09-09 | 128.91 | 99.49 | +0.23 | near the usual relationship |
| 2025-09-08 | 129.60 | 100.62 | +0.17 | near the usual relationship |
| 2025-09-05 | 129.21 | 101.26 | +0.09 | near the usual relationship |
| 2025-09-04 | 128.08 | 99.05 | +0.23 | near the usual relationship |
| 2025-09-03 | 127.20 | 98.09 | +0.26 | near the usual relationship |
| 2025-09-02 | 127.28 | 97.74 | +0.31 | near the usual relationship |
| 2025-08-29 | 125.28 | 97.21 | +0.22 | near the usual relationship |
| 2025-08-28 | 127.02 | 98.01 | +0.28 | near the usual relationship |
| 2025-08-27 | 127.15 | 97.48 | +0.35 | near the usual relationship |
| 2025-08-26 | 125.47 | 96.73 | +0.30 | near the usual relationship |
| 2025-08-25 | 125.72 | 96.93 | +0.31 | near the usual relationship |
| 2025-08-22 | 126.38 | 97.46 | +0.31 | near the usual relationship |
| 2025-08-21 | 127.00 | 97.29 | +0.38 | near the usual relationship |
| 2025-08-20 | 127.11 | 98.71 | +0.26 | near the usual relationship |
| 2025-08-19 | 125.67 | 96.91 | +0.33 | near the usual relationship |
| 2025-08-18 | 123.70 | 94.72 | +0.40 | near the usual relationship |
| 2025-08-15 | 123.86 | 95.25 | +0.37 | near the usual relationship |
| 2025-08-14 | 123.11 | 94.73 | +0.37 | near the usual relationship |
| 2025-08-13 | 122.57 | 93.96 | +0.41 | near the usual relationship |
| 2025-08-12 | 122.06 | 93.93 | +0.38 | near the usual relationship |
| 2025-08-11 | 120.84 | 92.15 | +0.47 | near the usual relationship |
| 2025-08-08 | 120.98 | 91.83 | +0.51 | EHC ahead |
| 2025-08-07 | 119.88 | 89.84 | +0.63 | EHC ahead |
| 2025-08-06 | 119.83 | 88.11 | +0.79 | EHC ahead |
| 2025-08-05 | 117.17 | 87.55 | +0.66 | EHC ahead |
| 2025-08-04 | 112.67 | 87.40 | +0.35 | near the usual relationship |
| 2025-08-01 | 111.67 | 85.91 | +0.43 | near the usual relationship |
| 2025-07-31 | 113.29 | 85.19 | +0.63 | EHC ahead |
| 2025-07-30 | 113.14 | 85.45 | +0.59 | EHC ahead |
| 2025-07-29 | 111.39 | 82.90 | +0.72 | EHC ahead |
| 2025-07-28 | 110.27 | 81.95 | +0.74 | EHC ahead |
| 2025-07-25 | 110.78 | 80.45 | +0.94 | EHC ahead |
| 2025-07-24 | 110.23 | 82.18 | +0.73 | EHC ahead |
| 2025-07-23 | 111.91 | 85.01 | +0.57 | EHC ahead |
| 2025-07-22 | 111.52 | 84.46 | +0.61 | EHC ahead |
| 2025-07-21 | 113.18 | 87.73 | +0.41 | near the usual relationship |
| 2025-07-18 | 113.19 | 86.90 | +0.50 | EHC ahead |
| 2025-07-17 | 113.55 | 87.26 | +0.49 | near the usual relationship |
| 2025-07-16 | 113.10 | 87.26 | +0.46 | near the usual relationship |
| 2025-07-15 | 110.38 | 89.47 | +0.05 | near the usual relationship |
| 2025-07-14 | 123.13 | 91.56 | +0.78 | EHC ahead |
| 2025-07-11 | 121.85 | 90.50 | +0.80 | EHC ahead |
| 2025-07-10 | 120.89 | 91.04 | +0.69 | EHC ahead |
| 2025-07-09 | 121.15 | 91.07 | +0.71 | EHC ahead |
| 2025-07-08 | 121.55 | 90.87 | +0.76 | EHC ahead |
| 2025-07-07 | 122.84 | 91.20 | +0.83 | EHC ahead |
| 2025-07-03 | 122.48 | 90.62 | +0.86 | EHC ahead |
| 2025-07-02 | 122.32 | 90.98 | +0.82 | EHC ahead |
| 2025-07-01 | 123.90 | 93.74 | +0.68 | EHC ahead |
| 2025-06-30 | 126.18 | 92.19 | +0.99 | EHC ahead |
| 2025-06-27 | 125.73 | 91.28 | +1.05 | EHC ahead |
| 2025-06-26 | 125.05 | 90.88 | +1.05 | EHC ahead |
| 2025-06-25 | 124.16 | 90.05 | +1.07 | EHC ahead |
| 2025-06-24 | 124.42 | 91.21 | +0.99 | EHC ahead |
| 2025-06-23 | 123.70 | 91.14 | +0.96 | EHC ahead |
| 2025-06-20 | 122.63 | 90.85 | +0.92 | EHC ahead |
| 2025-06-18 | 123.21 | 90.69 | +0.98 | EHC ahead |
| 2025-06-17 | 122.64 | 89.63 | +1.05 | EHC ahead |
| 2025-06-16 | 123.99 | 88.70 | +1.24 | EHC ahead |
| 2025-06-13 | 124.42 | 89.32 | +1.22 | EHC ahead |
| 2025-06-12 | 123.65 | 89.44 | +1.16 | EHC ahead |
| 2025-06-11 | 122.86 | 88.46 | +1.21 | EHC ahead |
| 2025-06-10 | 122.68 | 87.82 | +1.27 | EHC ahead |
| 2025-06-09 | 123.78 | 89.77 | +1.17 | EHC ahead |
| 2025-06-06 | 125.05 | 92.49 | +1.01 | EHC ahead |
| 2025-06-05 | 124.80 | 91.81 | +1.07 | EHC ahead |
| 2025-06-04 | 124.78 | 91.85 | +1.07 | EHC ahead |
| 2025-06-03 | 125.02 | 92.18 | +1.06 | EHC ahead |
| 2025-06-02 | 124.34 | 91.97 | +1.05 | EHC ahead |
| 2025-05-30 | 124.40 | 91.78 | +1.07 | EHC ahead |
| 2025-05-29 | 123.48 | 91.12 | +1.08 | EHC ahead |
| 2025-05-28 | 122.98 | 91.07 | +1.06 | EHC ahead |
| 2025-05-27 | 124.51 | 91.16 | +1.17 | EHC ahead |
| 2025-05-23 | 122.34 | 90.63 | +1.07 | EHC ahead |
| 2025-05-22 | 122.04 | 90.64 | +1.06 | EHC ahead |
| 2025-05-21 | 123.32 | 91.88 | +1.04 | EHC ahead |
| 2025-05-20 | 125.25 | 92.90 | +1.09 | EHC ahead |
| 2025-05-19 | 124.68 | 93.11 | +1.03 | EHC ahead |
| 2025-05-16 | 124.36 | 93.26 | +1.01 | EHC ahead |
| 2025-05-15 | 123.23 | 92.77 | +0.98 | EHC ahead |
| 2025-05-14 | 122.72 | 88.44 | +1.37 | EHC ahead |
| 2025-05-13 | 121.01 | 88.58 | +1.24 | EHC ahead |
| 2025-05-12 | 120.31 | 87.42 | +1.32 | EHC ahead |
| 2025-05-09 | 119.78 | 85.12 | +1.53 | EHC ahead |
| 2025-05-08 | 119.26 | 85.17 | +1.50 | EHC ahead |
| 2025-05-07 | 120.88 | 86.87 | +1.45 | EHC ahead |
| 2025-05-06 | 120.40 | 85.84 | +1.54 | EHC ahead |
| 2025-05-05 | 119.67 | 84.08 | +1.69 | EHC ahead |
| 2025-05-02 | 120.01 | 83.74 | +1.77 | EHC ahead |
| 2025-05-01 | 119.29 | 82.55 | +1.86 | EHC ahead |
| 2025-04-30 | 120.37 | 83.04 | +1.91 | EHC ahead |
| 2025-04-29 | 119.26 | 81.96 | +1.97 | EHC ahead |
| 2025-04-28 | 118.65 | 79.90 | +2.19 | EHC ahead |
| 2025-04-25 | 116.65 | 78.91 | +2.17 | EHC ahead |
| 2025-04-24 | 104.34 | 82.16 | +0.75 | EHC ahead |
| 2025-04-23 | 103.63 | 80.85 | +0.84 | EHC ahead |
| 2025-04-22 | 101.86 | 78.12 | +1.01 | EHC ahead |
| 2025-04-21 | 98.90 | 76.43 | +0.95 | EHC ahead |
| 2025-04-17 | 106.34 | 80.62 | +1.14 | EHC ahead |
| 2025-04-16 | 105.98 | 79.66 | +1.23 | EHC ahead |
| 2025-04-15 | 105.26 | 80.75 | +1.04 | EHC ahead |
| 2025-04-14 | 106.25 | 81.97 | +1.00 | EHC ahead |
| 2025-04-11 | 105.12 | 80.23 | +1.11 | EHC ahead |
| 2025-04-10 | 105.08 | 80.62 | +1.07 | EHC ahead |
| 2025-04-09 | 106.18 | 81.47 | +1.08 | EHC ahead |
| 2025-04-08 | 100.74 | 79.94 | +0.76 | EHC ahead |
| 2025-04-07 | 99.51 | 79.33 | +0.72 | EHC ahead |
| 2025-04-04 | 100.79 | 79.81 | +0.79 | EHC ahead |
| 2025-04-03 | 104.82 | 84.02 | +0.68 | EHC ahead |
| 2025-04-02 | 105.03 | 83.51 | +0.77 | EHC ahead |
| 2025-04-01 | 104.21 | 83.20 | +0.73 | EHC ahead |
| 2025-03-31 | 104.21 | 83.16 | +0.75 | EHC ahead |
| 2025-03-28 | 103.69 | 82.34 | +0.80 | EHC ahead |
| 2025-03-27 | 104.06 | 82.38 | +0.83 | EHC ahead |
| 2025-03-26 | 103.26 | 81.17 | +0.91 | EHC ahead |
| 2025-03-25 | 103.79 | 80.97 | +0.99 | EHC ahead |
| 2025-03-24 | 102.85 | 80.34 | +0.98 | EHC ahead |
| 2025-03-21 | 99.91 | 79.12 | +0.86 | EHC ahead |
| 2025-03-20 | 102.03 | 80.26 | +0.93 | EHC ahead |
| 2025-03-19 | 102.23 | 80.42 | +0.94 | EHC ahead |
| 2025-03-18 | 100.46 | 79.45 | +0.89 | EHC ahead |
| 2025-03-17 | 100.58 | 79.04 | +0.96 | EHC ahead |
| 2025-03-14 | 98.76 | 76.86 | +1.06 | EHC ahead |
| 2025-03-13 | 96.39 | 75.75 | +0.98 | EHC ahead |
| 2025-03-12 | 97.01 | 75.29 | +1.10 | EHC ahead |
| 2025-03-11 | 99.79 | 77.86 | +1.06 | EHC ahead |
| 2025-03-10 | 101.98 | 80.90 | +0.91 | EHC ahead |
| 2025-03-07 | 102.12 | 79.45 | +1.10 | EHC ahead |
| 2025-03-06 | 102.55 | 77.43 | +1.39 | EHC ahead |
| 2025-03-05 | 102.89 | 76.92 | +1.50 | EHC ahead |
| 2025-03-04 | 101.30 | 75.10 | +1.59 | EHC ahead |
| 2025-03-03 | 102.68 | 74.91 | +1.76 | EHC ahead |
| 2025-02-28 | 103.04 | 73.71 | +1.97 | EHC ahead |
| 2025-02-27 | 103.24 | 77.23 | +1.56 | EHC ahead |
| 2025-02-26 | 102.09 | 76.99 | +1.50 | EHC ahead |
| 2025-02-25 | 103.54 | 80.15 | +1.26 | EHC ahead |
| 2025-02-24 | 101.74 | 76.90 | +1.50 | EHC ahead |
| 2025-02-21 | 100.35 | 76.15 | +1.48 | EHC ahead |
| 2025-02-20 | 102.78 | 77.37 | +1.57 | EHC ahead |
| 2025-02-19 | 104.52 | 77.14 | +1.77 | EHC ahead |
| 2025-02-18 | 105.15 | 76.22 | +1.97 | EHC ahead |
| 2025-02-14 | 103.78 | 76.10 | +1.88 | EHC ahead |
| 2025-02-13 | 103.04 | 77.47 | +1.65 | EHC ahead |
| 2025-02-12 | 100.86 | 75.17 | +1.76 | EHC ahead |
| 2025-02-11 | 102.27 | 77.91 | +1.56 | EHC ahead |
| 2025-02-10 | 101.48 | 76.59 | +1.67 | EHC ahead |
| 2025-02-07 | 102.75 | 77.50 | +1.69 | EHC ahead |
| 2025-02-06 | 101.45 | 78.10 | +1.50 | EHC ahead |
| 2025-02-05 | 105.15 | 81.06 | +1.50 | EHC ahead |
| 2025-02-04 | 104.08 | 80.57 | +1.47 | EHC ahead |
| 2025-02-03 | 103.49 | 80.45 | +1.44 | EHC ahead |
| 2025-01-31 | 102.14 | 79.39 | +1.45 | EHC ahead |
| 2025-01-30 | 101.26 | 80.52 | +1.24 | EHC ahead |
| 2025-01-29 | 98.33 | 78.84 | +1.16 | EHC ahead |
| 2025-01-28 | 99.58 | 79.10 | +1.27 | EHC ahead |
| 2025-01-27 | 99.14 | 79.90 | +1.13 | EHC ahead |
| 2025-01-24 | 98.42 | 75.34 | +1.66 | EHC ahead |
| 2025-01-23 | 98.02 | 78.30 | +1.24 | EHC ahead |
| 2025-01-22 | 97.24 | 76.89 | +1.36 | EHC ahead |
| 2025-01-21 | 98.56 | 76.64 | +1.54 | EHC ahead |
| 2025-01-17 | 97.48 | 74.71 | +1.71 | EHC ahead |
| 2025-01-16 | 97.14 | 74.47 | +1.72 | EHC ahead |
| 2025-01-15 | 96.32 | 73.70 | +1.76 | EHC ahead |
| 2025-01-14 | 95.75 | 73.59 | +1.73 | EHC ahead |
| 2025-01-13 | 95.24 | 74.16 | +1.61 | EHC ahead |
| 2025-01-10 | 93.68 | 72.87 | +1.64 | EHC ahead |
| 2025-01-08 | 95.52 | 74.90 | +1.57 | EHC ahead |
| 2025-01-07 | 94.22 | 74.17 | +1.54 | EHC ahead |
| 2025-01-06 | 93.85 | 71.45 | +1.92 | EHC ahead |
| 2025-01-03 | 93.82 | 71.40 | +1.95 | EHC ahead |
| 2025-01-02 | 94.51 | 71.65 | +2.01 | EHC ahead |
| 2024-12-31 | 95.02 | 72.23 | +2.01 | EHC ahead |
| 2024-12-30 | 95.09 | 71.81 | +2.11 | EHC ahead |
| 2024-12-27 | 96.30 | 72.80 | +2.13 | EHC ahead |
| 2024-12-26 | 97.07 | 72.86 | +2.24 | EHC ahead |
| 2024-12-24 | 96.89 | 73.31 | +2.18 | EHC ahead |
| 2024-12-23 | 96.91 | 73.04 | +2.25 | EHC ahead |
| 2024-12-20 | 97.18 | 73.07 | +2.32 | EHC ahead |
| 2024-12-19 | 96.54 | 71.60 | +2.52 | EHC ahead |
| 2024-12-18 | 97.04 | 71.99 | +2.56 | EHC ahead |
| 2024-12-17 | 99.74 | 74.07 | +2.59 | EHC ahead |
| 2024-12-16 | 100.55 | 74.51 | +2.66 | EHC ahead |
| 2024-12-13 | 101.03 | 75.55 | +2.60 | EHC ahead |
| 2024-12-12 | 101.51 | 75.08 | +2.79 | EHC ahead |
| 2024-12-11 | 104.52 | 75.84 | +3.09 | EHC ahead |
| 2024-12-10 | 104.22 | 76.24 | +3.06 | EHC ahead |
| 2024-12-09 | 104.59 | 76.65 | +3.10 | EHC ahead |
| 2024-12-06 | 105.46 | 76.95 | +3.24 | EHC ahead |
| 2024-12-05 | 105.84 | 77.02 | +3.36 | EHC ahead |
| 2024-12-04 | 105.36 | 77.99 | +3.19 | EHC ahead |
| 2024-12-03 | 105.42 | 78.71 | +3.14 | EHC ahead |
| 2024-12-02 | 105.36 | 78.84 | +3.18 | EHC ahead |
| 2024-11-29 | 105.92 | 78.75 | +3.36 | EHC ahead |
| 2024-11-27 | 105.81 | 78.32 | +3.51 | EHC ahead |
| 2024-11-26 | 106.77 | 79.16 | +3.59 | EHC ahead |
| 2024-11-25 | 104.95 | 78.36 | +3.57 | EHC ahead |
| 2024-11-22 | 104.04 | 78.19 | +3.56 | EHC ahead |
| 2024-11-21 | 102.27 | 79.95 | +2.97 | EHC ahead |
| 2024-11-20 | 101.79 | 80.14 | +2.90 | EHC ahead |
| 2024-11-19 | 101.97 | 80.64 | +2.88 | EHC ahead |
| 2024-11-18 | 102.10 | 80.82 | +2.91 | EHC ahead |
| 2024-11-15 | 101.71 | 82.53 | +2.51 | EHC ahead |
| 2024-11-14 | 104.14 | 83.15 | +2.83 | EHC ahead |
| 2024-11-13 | 105.66 | 84.06 | +2.93 | EHC ahead |
| 2024-11-12 | 105.58 | 84.36 | +2.90 | EHC ahead |
| 2024-11-11 | 106.27 | 86.15 | +2.65 | EHC ahead |
| 2024-11-08 | 106.18 | 85.23 | +2.86 | EHC ahead |
| 2024-11-07 | 106.52 | 85.68 | +2.85 | EHC ahead |
| 2024-11-06 | 104.86 | 83.93 | +2.97 | EHC ahead |
| 2024-11-05 | 104.27 | 88.24 | +1.92 | EHC ahead |
| 2024-11-04 | 103.13 | 87.39 | +1.89 | EHC ahead |
| 2024-11-01 | 101.77 | 85.96 | +1.95 | EHC ahead |
| 2024-10-31 | 102.34 | 86.33 | +1.97 | EHC ahead |
| 2024-10-30 | 104.27 | 86.86 | +2.23 | EHC ahead |
| 2024-10-29 | 102.89 | 86.80 | +2.00 | EHC ahead |
| 2024-10-28 | 95.78 | 85.81 | +0.84 | EHC ahead |
| 2024-10-25 | 96.16 | 87.49 | +0.54 | EHC ahead |
| 2024-10-24 | 97.40 | 96.00 | -0.97 | HCA ahead |
| 2024-10-23 | 98.43 | 98.67 | -1.30 | HCA ahead |
| 2024-10-22 | 98.25 | 98.23 | -1.26 | HCA ahead |
| 2024-10-21 | 98.52 | 98.85 | -1.34 | HCA ahead |
| 2024-10-18 | 100.00 | 100.00 | -1.29 | HCA ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 25, 2025 (EHC +11.8%, HCA -4.0%); Jul 15, 2025 (EHC -10.3%, HCA -2.3%); Jan 27, 2026 (EHC -2.5%, HCA +7.1%); Feb 6, 2026 (EHC +5.9%, HCA -2.4%); Apr 24, 2026 (EHC +0.1%, HCA -8.8%); Aug 6, 2026 (EHC +12.6%, HCA -0.2%). Upcoming earnings: HCA Oct 27, 2026 (pre-market); EHC Oct 28, 2026 (after-hours).
Paired trades
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
1 simulated trade to Oct 20, 2026: +14.20% per trade on average after costs, 1 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long EHC · Short HCA | Mar 15, 2023 | Jul 31, 2023 | converged | 138 | $1,484.16 | -$89.27 | $1,419.75 (+14.20%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
EHC and HCA at a glance
EHC Encompass Health Corporation
- Listing
- NYSE · SEC CIK 785161
- Industry
- Hospital/Nursing Management · SIC 8060 Services-Hospitals
- Market value
- $12.0B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
HCA HCA Healthcare Inc.
- Listing
- NYSE · SEC CIK 860730
- Industry
- Hospital/Nursing Management · SIC 8062 Services-General Medical & Surgical Hospitals, NEC
- Market value
- $98.5B
- 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 →Other rivals of EHC and HCA
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Explore the private betaPaper 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.
