Elevance Health Inc. vs UnitedHealth Group Incorporated Common Stock (DE)
WatchlistELV / UNHPrices through Oct 22, 2026
Why these are rivals: #1 and #2 by market value ($365B vs $93B) in Nasdaq's "Medical Specialities" industry; SEC SIC 6324 / 6324 (same major group); #1 and #2 by market value ($365B vs $93B) with SEC SIC 6324 (Hospital & Medical Service Plans).
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: -2.68 (needs <= -2.873 (5% critical value))
Business leadership
UNH is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | ELV | UNH | Larger |
|---|---|---|---|
| 2025 | $199.1B | $447.6B | UNH |
| 2024 | $177.0B | $400.3B | UNH |
| 2023 | $171.3B | $371.6B | UNH |
| 2022 | $156.6B | $324.2B | UNH |
| 2021 | $138.6B | $287.6B | UNH |
| 2020 | $121.9B | $257.1B | UNH |
UNH led in every year with figures for both. Market value: ELV $93.3B, UNH $365.2B.
Stock leadership
ELV is ahead now
Measured against the pair's own last 252 trading days.
ELV leads UNH by 0.29 standard deviations: +2.0% over its usual price ratio. 2 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| ELV | +17.9% | +28.6% | +27.3% |
| UNH | +1.0% | +19.9% | +16.3% |
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: 0.67 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.68 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 18.15 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
ELV Elevance Health Inc. UNH UnitedHealth Group Incorporated Common Stock (DE)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: ELV relative to UNH, against the 252 sessions before each day. Above 0: ELV ahead; below 0: UNH ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | ELV index | UNH index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 103.37 | 74.61 | +0.29 | near the usual relationship |
| 2026-10-21 | 100.78 | 73.21 | +0.20 | near the usual relationship |
| 2026-10-20 | 102.18 | 73.60 | +0.33 | near the usual relationship |
| 2026-10-19 | 99.87 | 71.43 | +0.43 | near the usual relationship |
| 2026-10-16 | 99.42 | 70.47 | +0.57 | ELV ahead |
| 2026-10-15 | 99.46 | 71.39 | +0.39 | near the usual relationship |
| 2026-10-14 | 99.38 | 69.45 | +0.78 | ELV ahead |
| 2026-10-13 | 98.72 | 66.32 | +1.37 | ELV ahead |
| 2026-10-12 | 97.99 | 66.45 | +1.24 | ELV ahead |
| 2026-10-09 | 95.81 | 66.59 | +0.89 | ELV ahead |
| 2026-10-08 | 93.08 | 65.12 | +0.80 | ELV ahead |
| 2026-10-07 | 93.86 | 66.01 | +0.73 | ELV ahead |
| 2026-10-06 | 92.88 | 66.07 | +0.57 | ELV ahead |
| 2026-10-05 | 91.58 | 66.46 | +0.28 | near the usual relationship |
| 2026-10-02 | 89.71 | 65.29 | +0.24 | near the usual relationship |
| 2026-10-01 | 88.60 | 64.11 | +0.33 | near the usual relationship |
| 2026-09-30 | 90.26 | 64.44 | +0.53 | ELV ahead |
| 2026-09-29 | 91.17 | 65.82 | +0.38 | near the usual relationship |
| 2026-09-28 | 91.60 | 66.33 | +0.34 | near the usual relationship |
| 2026-09-25 | 91.95 | 66.11 | +0.45 | near the usual relationship |
| 2026-09-24 | 92.45 | 65.84 | +0.59 | ELV ahead |
| 2026-09-23 | 92.52 | 65.18 | +0.75 | ELV ahead |
| 2026-09-22 | 93.42 | 65.47 | +0.83 | ELV ahead |
| 2026-09-21 | 95.02 | 66.28 | +0.91 | ELV ahead |
| 2026-09-18 | 95.40 | 66.17 | +0.99 | ELV ahead |
| 2026-09-17 | 96.17 | 65.87 | +1.18 | ELV ahead |
| 2026-09-16 | 95.77 | 65.88 | +1.13 | ELV ahead |
| 2026-09-15 | 96.93 | 66.00 | +1.28 | ELV ahead |
| 2026-09-14 | 98.48 | 67.34 | +1.23 | ELV ahead |
| 2026-09-11 | 97.20 | 66.55 | +1.21 | ELV ahead |
| 2026-09-10 | 96.70 | 68.17 | +0.82 | ELV ahead |
| 2026-09-09 | 92.14 | 69.01 | -0.02 | near the usual relationship |
| 2026-09-08 | 93.31 | 70.37 | -0.11 | near the usual relationship |
| 2026-09-04 | 94.60 | 69.72 | +0.21 | near the usual relationship |
| 2026-09-03 | 96.29 | 70.39 | +0.32 | near the usual relationship |
| 2026-09-02 | 94.21 | 70.16 | +0.06 | near the usual relationship |
| 2026-09-01 | 93.56 | 69.57 | +0.08 | near the usual relationship |
| 2026-08-31 | 91.13 | 68.36 | -0.04 | near the usual relationship |
| 2026-08-28 | 91.56 | 68.99 | -0.10 | near the usual relationship |
| 2026-08-27 | 92.65 | 69.35 | -0.01 | near the usual relationship |
| 2026-08-26 | 93.45 | 70.40 | -0.10 | near the usual relationship |
| 2026-08-25 | 92.59 | 69.62 | -0.08 | near the usual relationship |
| 2026-08-24 | 93.47 | 70.01 | -0.02 | near the usual relationship |
| 2026-08-21 | 92.98 | 68.49 | +0.21 | near the usual relationship |
| 2026-08-20 | 91.99 | 67.56 | +0.25 | near the usual relationship |
| 2026-08-19 | 92.50 | 68.22 | +0.19 | near the usual relationship |
| 2026-08-18 | 92.46 | 69.16 | -0.01 | near the usual relationship |
| 2026-08-17 | 90.59 | 69.45 | -0.35 | near the usual relationship |
| 2026-08-14 | 92.93 | 70.53 | -0.21 | near the usual relationship |
| 2026-08-13 | 92.44 | 70.06 | -0.20 | near the usual relationship |
| 2026-08-12 | 92.66 | 71.20 | -0.40 | near the usual relationship |
| 2026-08-11 | 90.62 | 70.61 | -0.59 | UNH ahead |
| 2026-08-10 | 92.32 | 71.76 | -0.56 | UNH ahead |
| 2026-08-07 | 91.51 | 71.47 | -0.63 | UNH ahead |
| 2026-08-06 | 90.86 | 70.92 | -0.63 | UNH ahead |
| 2026-08-05 | 90.82 | 72.46 | -0.93 | UNH ahead |
| 2026-08-04 | 87.75 | 71.55 | -1.23 | UNH ahead |
| 2026-08-03 | 88.86 | 72.92 | -1.33 | UNH ahead |
| 2026-07-31 | 87.25 | 72.75 | -1.55 | UNH ahead |
| 2026-07-30 | 87.38 | 73.99 | -1.78 | UNH ahead |
| 2026-07-29 | 87.28 | 73.83 | -1.78 | UNH ahead |
| 2026-07-28 | 89.54 | 75.28 | -1.72 | UNH ahead |
| 2026-07-27 | 87.83 | 73.32 | -1.63 | UNH ahead |
| 2026-07-24 | 87.68 | 73.86 | -1.78 | UNH ahead |
| 2026-07-23 | 88.05 | 74.36 | -1.83 | UNH ahead |
| 2026-07-22 | 90.32 | 75.72 | -1.74 | UNH ahead |
| 2026-07-21 | 91.33 | 76.61 | -1.76 | UNH ahead |
| 2026-07-20 | 88.73 | 74.01 | -1.70 | UNH ahead |
| 2026-07-17 | 86.61 | 74.80 | -2.21 | UNH ahead |
| 2026-07-16 | 86.55 | 74.33 | -2.15 | UNH ahead |
| 2026-07-15 | 90.61 | 73.47 | -1.35 | UNH ahead |
| 2026-07-14 | 99.08 | 74.65 | -0.32 | near the usual relationship |
| 2026-07-13 | 98.70 | 75.33 | -0.51 | UNH ahead |
| 2026-07-10 | 96.62 | 74.55 | -0.67 | UNH ahead |
| 2026-07-09 | 97.59 | 75.79 | -0.77 | UNH ahead |
| 2026-07-08 | 96.59 | 74.72 | -0.72 | UNH ahead |
| 2026-07-07 | 97.23 | 75.17 | -0.72 | UNH ahead |
| 2026-07-06 | 94.75 | 73.38 | -0.75 | UNH ahead |
| 2026-07-02 | 97.01 | 74.68 | -0.67 | UNH ahead |
| 2026-07-01 | 96.62 | 74.88 | -0.77 | UNH ahead |
| 2026-06-30 | 89.78 | 72.97 | -1.41 | UNH ahead |
| 2026-06-29 | 90.08 | 73.70 | -1.51 | UNH ahead |
| 2026-06-26 | 91.74 | 75.12 | -1.52 | UNH ahead |
| 2026-06-25 | 89.91 | 72.95 | -1.41 | UNH ahead |
| 2026-06-24 | 89.14 | 71.24 | -1.21 | UNH ahead |
| 2026-06-23 | 91.72 | 71.85 | -0.96 | UNH ahead |
| 2026-06-22 | 91.65 | 71.40 | -0.89 | UNH ahead |
| 2026-06-18 | 90.19 | 70.39 | -0.92 | UNH ahead |
| 2026-06-17 | 90.83 | 70.14 | -0.79 | UNH ahead |
| 2026-06-16 | 92.35 | 71.57 | -0.84 | UNH ahead |
| 2026-06-15 | 93.30 | 72.16 | -0.82 | UNH ahead |
| 2026-06-12 | 93.80 | 71.72 | -0.68 | UNH ahead |
| 2026-06-11 | 92.67 | 71.20 | -0.75 | UNH ahead |
| 2026-06-10 | 93.92 | 71.53 | -0.65 | UNH ahead |
| 2026-06-09 | 98.53 | 72.51 | -0.24 | near the usual relationship |
| 2026-06-08 | 97.07 | 71.38 | -0.24 | near the usual relationship |
| 2026-06-05 | 96.46 | 70.13 | -0.11 | near the usual relationship |
| 2026-06-04 | 95.05 | 69.60 | -0.20 | near the usual relationship |
| 2026-06-03 | 90.83 | 66.19 | -0.15 | near the usual relationship |
| 2026-06-02 | 90.31 | 66.35 | -0.25 | near the usual relationship |
| 2026-06-01 | 93.47 | 66.69 | +0.07 | near the usual relationship |
| 2026-05-29 | 91.28 | 66.77 | -0.22 | near the usual relationship |
| 2026-05-28 | 91.17 | 67.16 | -0.30 | near the usual relationship |
| 2026-05-27 | 90.88 | 67.42 | -0.39 | near the usual relationship |
| 2026-05-26 | 90.04 | 66.16 | -0.29 | near the usual relationship |
| 2026-05-22 | 91.62 | 68.20 | -0.44 | near the usual relationship |
| 2026-05-21 | 90.49 | 67.15 | -0.41 | near the usual relationship |
| 2026-05-20 | 91.98 | 67.29 | -0.27 | near the usual relationship |
| 2026-05-19 | 93.38 | 68.33 | -0.28 | near the usual relationship |
| 2026-05-18 | 91.48 | 68.67 | -0.55 | UNH ahead |
| 2026-05-15 | 91.16 | 69.14 | -0.66 | UNH ahead |
| 2026-05-14 | 92.09 | 70.06 | -0.70 | UNH ahead |
| 2026-05-13 | 92.77 | 70.43 | -0.68 | UNH ahead |
| 2026-05-12 | 91.30 | 69.59 | -0.72 | UNH ahead |
| 2026-05-11 | 88.62 | 67.49 | -0.72 | UNH ahead |
| 2026-05-08 | 87.77 | 66.71 | -0.70 | UNH ahead |
| 2026-05-07 | 86.57 | 64.91 | -0.57 | UNH ahead |
| 2026-05-06 | 86.99 | 64.48 | -0.45 | near the usual relationship |
| 2026-05-05 | 85.68 | 63.88 | -0.51 | UNH ahead |
| 2026-05-04 | 86.33 | 65.09 | -0.62 | UNH ahead |
| 2026-05-01 | 86.51 | 64.74 | -0.55 | UNH ahead |
| 2026-04-30 | 87.38 | 65.04 | -0.49 | near the usual relationship |
| 2026-04-29 | 87.43 | 65.09 | -0.49 | near the usual relationship |
| 2026-04-28 | 84.21 | 64.39 | -0.77 | UNH ahead |
| 2026-04-27 | 82.67 | 62.27 | -0.61 | UNH ahead |
| 2026-04-24 | 80.03 | 62.31 | -0.96 | UNH ahead |
| 2026-04-23 | 80.39 | 62.25 | -0.90 | UNH ahead |
| 2026-04-22 | 76.19 | 62.06 | -1.43 | UNH ahead |
| 2026-04-21 | 76.17 | 60.75 | -1.21 | UNH ahead |
| 2026-04-20 | 74.14 | 56.79 | -0.76 | UNH ahead |
| 2026-04-17 | 74.99 | 56.99 | -0.65 | UNH ahead |
| 2026-04-16 | 73.32 | 55.55 | -0.60 | UNH ahead |
| 2026-04-15 | 72.24 | 55.13 | -0.64 | UNH ahead |
| 2026-04-14 | 72.74 | 55.16 | -0.56 | UNH ahead |
| 2026-04-13 | 73.37 | 54.95 | -0.42 | near the usual relationship |
| 2026-04-10 | 72.32 | 53.43 | -0.29 | near the usual relationship |
| 2026-04-09 | 73.56 | 53.88 | -0.20 | near the usual relationship |
| 2026-04-08 | 73.87 | 53.72 | -0.13 | near the usual relationship |
| 2026-04-07 | 72.39 | 54.02 | -0.34 | near the usual relationship |
| 2026-04-06 | 70.25 | 49.40 | +0.18 | near the usual relationship |
| 2026-04-02 | 69.81 | 48.68 | +0.26 | near the usual relationship |
| 2026-04-01 | 69.29 | 48.10 | +0.30 | near the usual relationship |
| 2026-03-31 | 67.96 | 47.50 | +0.25 | near the usual relationship |
| 2026-03-30 | 66.11 | 45.96 | +0.30 | near the usual relationship |
| 2026-03-27 | 66.48 | 45.47 | +0.44 | near the usual relationship |
| 2026-03-26 | 68.31 | 47.06 | +0.39 | near the usual relationship |
| 2026-03-25 | 68.74 | 47.50 | +0.37 | near the usual relationship |
| 2026-03-24 | 67.40 | 47.80 | +0.17 | near the usual relationship |
| 2026-03-23 | 67.14 | 47.32 | +0.22 | near the usual relationship |
| 2026-03-20 | 67.66 | 48.38 | +0.11 | near the usual relationship |
| 2026-03-19 | 67.59 | 49.23 | -0.03 | near the usual relationship |
| 2026-03-18 | 68.47 | 49.92 | -0.03 | near the usual relationship |
| 2026-03-17 | 68.66 | 50.49 | -0.09 | near the usual relationship |
| 2026-03-16 | 67.80 | 50.12 | -0.13 | near the usual relationship |
| 2026-03-13 | 67.70 | 49.52 | -0.04 | near the usual relationship |
| 2026-03-12 | 66.83 | 48.64 | +0.01 | near the usual relationship |
| 2026-03-11 | 67.27 | 50.08 | -0.16 | near the usual relationship |
| 2026-03-10 | 65.62 | 49.57 | -0.27 | near the usual relationship |
| 2026-03-09 | 65.17 | 50.06 | -0.39 | near the usual relationship |
| 2026-03-06 | 67.24 | 50.29 | -0.18 | near the usual relationship |
| 2026-03-05 | 66.50 | 50.70 | -0.32 | near the usual relationship |
| 2026-03-04 | 67.66 | 51.26 | -0.26 | near the usual relationship |
| 2026-03-03 | 65.94 | 50.77 | -0.38 | near the usual relationship |
| 2026-03-02 | 68.27 | 51.78 | -0.26 | near the usual relationship |
| 2026-02-27 | 74.29 | 51.49 | +0.42 | near the usual relationship |
| 2026-02-26 | 74.99 | 50.33 | +0.67 | ELV ahead |
| 2026-02-25 | 76.73 | 49.89 | +0.91 | ELV ahead |
| 2026-02-24 | 75.94 | 48.09 | +1.11 | ELV ahead |
| 2026-02-23 | 77.97 | 49.57 | +1.09 | ELV ahead |
| 2026-02-20 | 79.61 | 50.91 | +1.05 | ELV ahead |
| 2026-02-19 | 80.83 | 50.90 | +1.17 | ELV ahead |
| 2026-02-18 | 80.38 | 50.60 | +1.17 | ELV ahead |
| 2026-02-17 | 80.04 | 50.75 | +1.13 | ELV ahead |
| 2026-02-13 | 80.51 | 51.47 | +1.07 | ELV ahead |
| 2026-02-12 | 78.01 | 49.92 | +1.07 | ELV ahead |
| 2026-02-11 | 76.67 | 48.97 | +1.09 | ELV ahead |
| 2026-02-10 | 75.59 | 47.97 | +1.14 | ELV ahead |
| 2026-02-09 | 76.03 | 48.40 | +1.12 | ELV ahead |
| 2026-02-06 | 78.69 | 48.57 | +1.34 | ELV ahead |
| 2026-02-05 | 77.13 | 47.15 | +1.41 | ELV ahead |
| 2026-02-04 | 79.07 | 48.44 | +1.41 | ELV ahead |
| 2026-02-03 | 78.62 | 49.89 | +1.17 | ELV ahead |
| 2026-02-02 | 79.35 | 50.14 | +1.21 | ELV ahead |
| 2026-01-30 | 80.26 | 50.37 | +1.26 | ELV ahead |
| 2026-01-29 | 80.55 | 51.31 | +1.17 | ELV ahead |
| 2026-01-28 | 79.36 | 51.62 | +1.04 | ELV ahead |
| 2026-01-27 | 74.96 | 49.63 | +0.93 | ELV ahead |
| 2026-01-26 | 87.50 | 61.73 | +0.52 | ELV ahead |
| 2026-01-23 | 86.14 | 62.54 | +0.34 | near the usual relationship |
| 2026-01-22 | 86.41 | 62.23 | +0.40 | near the usual relationship |
| 2026-01-21 | 85.86 | 61.05 | +0.48 | near the usual relationship |
| 2026-01-20 | 85.21 | 59.41 | +0.62 | ELV ahead |
| 2026-01-16 | 87.02 | 58.11 | +0.90 | ELV ahead |
| 2026-01-15 | 88.66 | 59.51 | +0.87 | ELV ahead |
| 2026-01-14 | 86.55 | 58.81 | +0.80 | ELV ahead |
| 2026-01-13 | 86.05 | 58.62 | +0.79 | ELV ahead |
| 2026-01-12 | 87.05 | 59.78 | +0.75 | ELV ahead |
| 2026-01-09 | 86.55 | 60.39 | +0.65 | ELV ahead |
| 2026-01-08 | 87.00 | 60.89 | +0.64 | ELV ahead |
| 2026-01-07 | 85.12 | 59.99 | +0.60 | ELV ahead |
| 2026-01-06 | 86.21 | 61.26 | +0.56 | ELV ahead |
| 2026-01-05 | 84.39 | 60.04 | +0.56 | ELV ahead |
| 2026-01-02 | 82.24 | 59.06 | +0.51 | ELV ahead |
| 2025-12-31 | 81.38 | 57.95 | +0.56 | ELV ahead |
| 2025-12-30 | 80.97 | 58.31 | +0.50 | ELV ahead |
| 2025-12-29 | 80.87 | 57.75 | +0.56 | ELV ahead |
| 2025-12-26 | 81.22 | 58.26 | +0.54 | ELV ahead |
| 2025-12-24 | 79.69 | 57.51 | +0.51 | ELV ahead |
| 2025-12-23 | 79.68 | 57.02 | +0.57 | ELV ahead |
| 2025-12-22 | 79.92 | 57.08 | +0.58 | ELV ahead |
| 2025-12-19 | 79.09 | 57.48 | +0.49 | near the usual relationship |
| 2025-12-18 | 80.00 | 57.61 | +0.55 | ELV ahead |
| 2025-12-17 | 80.31 | 58.22 | +0.51 | ELV ahead |
| 2025-12-16 | 81.69 | 58.67 | +0.57 | ELV ahead |
| 2025-12-15 | 83.73 | 59.88 | +0.60 | ELV ahead |
| 2025-12-12 | 83.36 | 60.01 | +0.57 | ELV ahead |
| 2025-12-11 | 83.62 | 59.12 | +0.68 | ELV ahead |
| 2025-12-10 | 79.17 | 57.65 | +0.52 | ELV ahead |
| 2025-12-09 | 76.56 | 56.81 | +0.42 | near the usual relationship |
| 2025-12-08 | 76.75 | 56.81 | +0.44 | near the usual relationship |
| 2025-12-05 | 76.78 | 58.09 | +0.33 | near the usual relationship |
| 2025-12-04 | 77.42 | 58.55 | +0.34 | near the usual relationship |
| 2025-12-03 | 76.78 | 59.64 | +0.20 | near the usual relationship |
| 2025-12-02 | 76.82 | 56.98 | +0.45 | near the usual relationship |
| 2025-12-01 | 76.53 | 56.74 | +0.46 | near the usual relationship |
| 2025-11-28 | 78.52 | 57.89 | +0.50 | ELV ahead |
| 2025-11-26 | 78.58 | 57.88 | +0.51 | ELV ahead |
| 2025-11-25 | 78.06 | 57.28 | +0.54 | ELV ahead |
| 2025-11-24 | 76.51 | 56.01 | +0.55 | ELV ahead |
| 2025-11-21 | 74.69 | 56.17 | +0.42 | near the usual relationship |
| 2025-11-20 | 72.89 | 54.69 | +0.44 | near the usual relationship |
| 2025-11-19 | 73.44 | 54.26 | +0.52 | ELV ahead |
| 2025-11-18 | 75.34 | 55.05 | +0.59 | ELV ahead |
| 2025-11-17 | 76.82 | 56.27 | +0.58 | ELV ahead |
| 2025-11-14 | 75.64 | 56.51 | +0.48 | near the usual relationship |
| 2025-11-13 | 76.21 | 58.38 | +0.36 | near the usual relationship |
| 2025-11-12 | 76.06 | 59.52 | +0.26 | near the usual relationship |
| 2025-11-11 | 73.18 | 57.49 | +0.25 | near the usual relationship |
| 2025-11-10 | 70.52 | 56.46 | +0.16 | near the usual relationship |
| 2025-11-07 | 73.77 | 56.92 | +0.35 | near the usual relationship |
| 2025-11-06 | 72.99 | 56.45 | +0.34 | near the usual relationship |
| 2025-11-05 | 73.84 | 57.54 | +0.31 | near the usual relationship |
| 2025-11-04 | 73.50 | 58.08 | +0.24 | near the usual relationship |
| 2025-11-03 | 72.70 | 58.60 | +0.15 | near the usual relationship |
| 2025-10-31 | 73.64 | 59.96 | +0.10 | near the usual relationship |
| 2025-10-30 | 74.74 | 60.52 | +0.13 | near the usual relationship |
| 2025-10-29 | 78.08 | 62.37 | +0.21 | near the usual relationship |
| 2025-10-28 | 78.79 | 64.58 | +0.08 | near the usual relationship |
| 2025-10-27 | 79.51 | 64.25 | +0.16 | near the usual relationship |
| 2025-10-24 | 79.47 | 63.64 | +0.21 | near the usual relationship |
| 2025-10-23 | 80.39 | 63.28 | +0.29 | near the usual relationship |
| 2025-10-22 | 80.14 | 63.46 | +0.27 | near the usual relationship |
| 2025-10-21 | 81.19 | 64.14 | +0.28 | near the usual relationship |
| 2025-10-20 | 82.19 | 63.99 | +0.36 | near the usual relationship |
| 2025-10-17 | 80.96 | 62.60 | +0.39 | near the usual relationship |
| 2025-10-16 | 80.83 | 62.62 | +0.39 | near the usual relationship |
| 2025-10-15 | 81.13 | 63.40 | +0.35 | near the usual relationship |
| 2025-10-14 | 81.36 | 63.19 | +0.38 | near the usual relationship |
| 2025-10-13 | 81.58 | 62.97 | +0.41 | near the usual relationship |
| 2025-10-10 | 82.00 | 62.24 | +0.50 | ELV ahead |
| 2025-10-09 | 83.14 | 64.55 | +0.39 | near the usual relationship |
| 2025-10-08 | 84.11 | 64.94 | +0.42 | near the usual relationship |
| 2025-10-07 | 82.99 | 63.84 | +0.44 | near the usual relationship |
| 2025-10-06 | 81.24 | 62.99 | +0.41 | near the usual relationship |
| 2025-10-03 | 81.37 | 63.24 | +0.40 | near the usual relationship |
| 2025-10-02 | 78.98 | 62.10 | +0.34 | near the usual relationship |
| 2025-10-01 | 77.22 | 61.15 | +0.31 | near the usual relationship |
| 2025-09-30 | 75.01 | 60.62 | +0.21 | near the usual relationship |
| 2025-09-29 | 74.21 | 60.60 | +0.16 | near the usual relationship |
| 2025-09-26 | 73.96 | 60.41 | +0.16 | near the usual relationship |
| 2025-09-25 | 73.52 | 60.67 | +0.11 | near the usual relationship |
| 2025-09-24 | 75.77 | 61.76 | +0.17 | near the usual relationship |
| 2025-09-23 | 75.15 | 61.04 | +0.19 | near the usual relationship |
| 2025-09-22 | 73.80 | 59.92 | +0.19 | near the usual relationship |
| 2025-09-19 | 72.83 | 59.11 | +0.19 | near the usual relationship |
| 2025-09-18 | 73.30 | 58.78 | +0.25 | near the usual relationship |
| 2025-09-17 | 71.61 | 59.97 | +0.04 | near the usual relationship |
| 2025-09-16 | 71.96 | 59.65 | +0.09 | near the usual relationship |
| 2025-09-15 | 71.25 | 61.08 | -0.08 | near the usual relationship |
| 2025-09-12 | 72.37 | 61.89 | -0.07 | near the usual relationship |
| 2025-09-11 | 73.10 | 62.08 | -0.04 | near the usual relationship |
| 2025-09-10 | 71.21 | 60.88 | -0.07 | near the usual relationship |
| 2025-09-09 | 73.15 | 61.08 | +0.05 | near the usual relationship |
| 2025-09-08 | 71.54 | 56.22 | +0.34 | near the usual relationship |
| 2025-09-05 | 72.81 | 55.37 | +0.51 | ELV ahead |
| 2025-09-04 | 71.51 | 54.49 | +0.50 | ELV ahead |
| 2025-09-03 | 74.65 | 54.05 | +0.75 | ELV ahead |
| 2025-09-02 | 74.83 | 54.21 | +0.75 | ELV ahead |
| 2025-08-29 | 73.97 | 54.40 | +0.68 | ELV ahead |
| 2025-08-28 | 72.06 | 53.07 | +0.68 | ELV ahead |
| 2025-08-27 | 71.92 | 53.35 | +0.64 | ELV ahead |
| 2025-08-26 | 71.97 | 52.74 | +0.71 | ELV ahead |
| 2025-08-25 | 72.89 | 53.52 | +0.70 | ELV ahead |
| 2025-08-22 | 73.48 | 53.97 | +0.70 | ELV ahead |
| 2025-08-21 | 71.87 | 53.26 | +0.66 | ELV ahead |
| 2025-08-20 | 71.96 | 52.64 | +0.72 | ELV ahead |
| 2025-08-19 | 72.43 | 53.41 | +0.69 | ELV ahead |
| 2025-08-18 | 71.81 | 54.16 | +0.58 | ELV ahead |
| 2025-08-15 | 71.86 | 53.37 | +0.66 | ELV ahead |
| 2025-08-14 | 68.58 | 47.66 | +0.99 | ELV ahead |
| 2025-08-13 | 68.35 | 47.72 | +0.97 | ELV ahead |
| 2025-08-12 | 67.90 | 45.92 | +1.13 | ELV ahead |
| 2025-08-11 | 67.50 | 44.31 | +1.29 | ELV ahead |
| 2025-08-08 | 68.25 | 44.05 | +1.39 | ELV ahead |
| 2025-08-07 | 65.81 | 42.95 | +1.34 | ELV ahead |
| 2025-08-06 | 64.14 | 43.15 | +1.20 | ELV ahead |
| 2025-08-05 | 64.17 | 44.07 | +1.10 | ELV ahead |
| 2025-08-04 | 63.82 | 42.31 | +1.28 | ELV ahead |
| 2025-08-01 | 63.76 | 41.74 | +1.36 | ELV ahead |
| 2025-07-31 | 65.71 | 43.81 | +1.27 | ELV ahead |
| 2025-07-30 | 68.15 | 46.71 | +1.14 | ELV ahead |
| 2025-07-29 | 67.03 | 45.83 | +1.16 | ELV ahead |
| 2025-07-28 | 66.39 | 49.53 | +0.71 | ELV ahead |
| 2025-07-25 | 67.11 | 49.34 | +0.79 | ELV ahead |
| 2025-07-24 | 65.10 | 48.91 | +0.68 | ELV ahead |
| 2025-07-23 | 68.85 | 51.35 | +0.72 | ELV ahead |
| 2025-07-22 | 65.40 | 50.06 | +0.59 | ELV ahead |
| 2025-07-21 | 64.18 | 49.53 | +0.55 | ELV ahead |
| 2025-07-18 | 64.32 | 49.62 | +0.55 | ELV ahead |
| 2025-07-17 | 70.21 | 50.57 | +0.91 | ELV ahead |
| 2025-07-16 | 79.98 | 51.35 | +1.51 | ELV ahead |
| 2025-07-15 | 78.05 | 51.21 | +1.40 | ELV ahead |
| 2025-07-14 | 78.94 | 52.77 | +1.31 | ELV ahead |
| 2025-07-11 | 79.08 | 53.39 | +1.26 | ELV ahead |
| 2025-07-10 | 80.29 | 52.58 | +1.42 | ELV ahead |
| 2025-07-09 | 80.40 | 53.18 | +1.37 | ELV ahead |
| 2025-07-08 | 81.12 | 54.02 | +1.34 | ELV ahead |
| 2025-07-07 | 80.53 | 53.32 | +1.37 | ELV ahead |
| 2025-07-03 | 80.75 | 54.17 | +1.30 | ELV ahead |
| 2025-07-02 | 81.31 | 53.99 | +1.36 | ELV ahead |
| 2025-07-01 | 91.87 | 57.26 | +1.70 | ELV ahead |
| 2025-06-30 | 90.29 | 54.77 | +1.85 | ELV ahead |
| 2025-06-27 | 88.56 | 54.27 | +1.81 | ELV ahead |
| 2025-06-26 | 86.63 | 53.13 | +1.81 | ELV ahead |
| 2025-06-25 | 86.79 | 53.02 | +1.84 | ELV ahead |
| 2025-06-24 | 87.38 | 53.65 | +1.82 | ELV ahead |
| 2025-06-23 | 86.45 | 52.79 | +1.86 | ELV ahead |
| 2025-06-20 | 86.94 | 53.02 | +1.88 | ELV ahead |
| 2025-06-18 | 87.26 | 53.93 | +1.82 | ELV ahead |
| 2025-06-17 | 87.10 | 54.22 | +1.79 | ELV ahead |
| 2025-06-16 | 87.41 | 54.01 | +1.84 | ELV ahead |
| 2025-06-13 | 89.27 | 55.04 | +1.86 | ELV ahead |
| 2025-06-12 | 89.66 | 55.92 | +1.81 | ELV ahead |
| 2025-06-11 | 88.43 | 54.52 | +1.88 | ELV ahead |
| 2025-06-10 | 89.12 | 53.33 | +2.06 | ELV ahead |
| 2025-06-09 | 90.45 | 53.23 | +2.17 | ELV ahead |
| 2025-06-06 | 91.32 | 53.23 | +2.25 | ELV ahead |
| 2025-06-05 | 89.29 | 51.94 | +2.28 | ELV ahead |
| 2025-06-04 | 88.23 | 52.73 | +2.14 | ELV ahead |
| 2025-06-03 | 87.97 | 52.88 | +2.13 | ELV ahead |
| 2025-06-02 | 87.53 | 53.50 | +2.05 | ELV ahead |
| 2025-05-30 | 89.11 | 53.00 | +2.22 | ELV ahead |
| 2025-05-29 | 88.34 | 52.35 | +2.27 | ELV ahead |
| 2025-05-28 | 87.74 | 52.34 | +2.25 | ELV ahead |
| 2025-05-27 | 87.28 | 51.79 | +2.31 | ELV ahead |
| 2025-05-23 | 86.42 | 51.89 | +2.26 | ELV ahead |
| 2025-05-22 | 89.26 | 52.08 | +2.46 | ELV ahead |
| 2025-05-21 | 92.88 | 53.19 | +2.60 | ELV ahead |
| 2025-05-20 | 95.76 | 56.46 | +2.45 | ELV ahead |
| 2025-05-19 | 93.74 | 55.46 | +2.46 | ELV ahead |
| 2025-05-16 | 93.62 | 51.25 | +3.00 | ELV ahead |
| 2025-05-15 | 90.54 | 48.16 | +3.24 | ELV ahead |
| 2025-05-14 | 86.89 | 54.07 | +2.25 | ELV ahead |
| 2025-05-13 | 87.15 | 54.67 | +2.21 | ELV ahead |
| 2025-05-12 | 96.73 | 66.49 | +1.62 | ELV ahead |
| 2025-05-09 | 93.92 | 66.82 | +1.39 | ELV ahead |
| 2025-05-08 | 95.73 | 67.69 | +1.43 | ELV ahead |
| 2025-05-07 | 96.90 | 68.65 | +1.42 | ELV ahead |
| 2025-05-06 | 96.10 | 69.26 | +1.30 | ELV ahead |
| 2025-05-05 | 96.64 | 71.07 | +1.17 | ELV ahead |
| 2025-05-02 | 95.17 | 70.21 | +1.14 | ELV ahead |
| 2025-05-01 | 94.79 | 70.34 | +1.10 | ELV ahead |
| 2025-04-30 | 97.63 | 72.23 | +1.12 | ELV ahead |
| 2025-04-29 | 96.03 | 71.84 | +1.04 | ELV ahead |
| 2025-04-28 | 96.07 | 73.73 | +0.87 | ELV ahead |
| 2025-04-25 | 97.89 | 73.50 | +1.01 | ELV ahead |
| 2025-04-24 | 99.54 | 74.48 | +1.02 | ELV ahead |
| 2025-04-23 | 99.09 | 75.13 | +0.94 | ELV ahead |
| 2025-04-22 | 96.55 | 75.00 | +0.78 | ELV ahead |
| 2025-04-21 | 94.41 | 74.67 | +0.66 | ELV ahead |
| 2025-04-17 | 98.55 | 79.72 | +0.51 | ELV ahead |
| 2025-04-16 | 100.99 | 102.71 | -0.95 | UNH ahead |
| 2025-04-15 | 101.62 | 102.45 | -0.90 | UNH ahead |
| 2025-04-14 | 102.41 | 103.06 | -0.90 | UNH ahead |
| 2025-04-11 | 102.10 | 105.24 | -1.06 | UNH ahead |
| 2025-04-10 | 101.30 | 104.35 | -1.06 | UNH ahead |
| 2025-04-09 | 101.14 | 101.56 | -0.91 | UNH ahead |
| 2025-04-08 | 100.03 | 97.10 | -0.70 | UNH ahead |
| 2025-04-07 | 98.23 | 92.12 | -0.49 | near the usual relationship |
| 2025-04-04 | 99.56 | 92.18 | -0.42 | near the usual relationship |
| 2025-04-03 | 105.09 | 94.88 | -0.27 | near the usual relationship |
| 2025-04-02 | 99.67 | 91.85 | -0.40 | near the usual relationship |
| 2025-04-01 | 100.44 | 91.84 | -0.36 | near the usual relationship |
| 2025-03-31 | 100.97 | 91.95 | -0.34 | near the usual relationship |
| 2025-03-28 | 100.29 | 90.60 | -0.30 | near the usual relationship |
| 2025-03-27 | 100.27 | 90.54 | -0.30 | near the usual relationship |
| 2025-03-26 | 99.94 | 90.97 | -0.35 | near the usual relationship |
| 2025-03-25 | 98.31 | 90.14 | -0.40 | near the usual relationship |
| 2025-03-24 | 99.18 | 90.68 | -0.39 | near the usual relationship |
| 2025-03-21 | 99.17 | 90.74 | -0.40 | near the usual relationship |
| 2025-03-20 | 100.81 | 89.76 | -0.24 | near the usual relationship |
| 2025-03-19 | 99.93 | 88.34 | -0.20 | near the usual relationship |
| 2025-03-18 | 101.27 | 88.45 | -0.13 | near the usual relationship |
| 2025-03-17 | 99.96 | 87.61 | -0.16 | near the usual relationship |
| 2025-03-14 | 97.72 | 85.79 | -0.17 | near the usual relationship |
| 2025-03-13 | 96.86 | 84.54 | -0.14 | near the usual relationship |
| 2025-03-12 | 95.42 | 84.46 | -0.23 | near the usual relationship |
| 2025-03-11 | 97.97 | 85.33 | -0.14 | near the usual relationship |
| 2025-03-10 | 95.07 | 84.31 | -0.25 | near the usual relationship |
| 2025-03-07 | 95.05 | 86.63 | -0.41 | near the usual relationship |
| 2025-03-06 | 93.50 | 85.62 | -0.45 | near the usual relationship |
| 2025-03-05 | 92.27 | 83.56 | -0.39 | near the usual relationship |
| 2025-03-04 | 92.22 | 83.32 | -0.38 | near the usual relationship |
| 2025-03-03 | 91.81 | 81.99 | -0.31 | near the usual relationship |
| 2025-02-28 | 92.13 | 83.38 | -0.39 | near the usual relationship |
| 2025-02-27 | 91.20 | 82.26 | -0.38 | near the usual relationship |
| 2025-02-26 | 89.64 | 81.39 | -0.42 | near the usual relationship |
| 2025-02-25 | 93.31 | 82.58 | -0.27 | near the usual relationship |
| 2025-02-24 | 89.44 | 81.02 | -0.41 | near the usual relationship |
| 2025-02-21 | 89.40 | 81.88 | -0.48 | near the usual relationship |
| 2025-02-20 | 90.65 | 88.20 | -0.84 | UNH ahead |
| 2025-02-19 | 90.93 | 89.72 | -0.93 | UNH ahead |
| 2025-02-18 | 88.79 | 87.91 | -0.96 | UNH ahead |
| 2025-02-14 | 90.36 | 91.91 | -1.13 | UNH ahead |
| 2025-02-13 | 90.91 | 93.25 | -1.19 | UNH ahead |
| 2025-02-12 | 89.53 | 92.59 | -1.24 | UNH ahead |
| 2025-02-11 | 90.82 | 93.73 | -1.24 | UNH ahead |
| 2025-02-10 | 91.96 | 93.64 | -1.17 | UNH ahead |
| 2025-02-07 | 90.87 | 92.52 | -1.18 | UNH ahead |
| 2025-02-06 | 90.64 | 93.05 | -1.24 | UNH ahead |
| 2025-02-05 | 93.36 | 94.77 | -1.18 | UNH ahead |
| 2025-02-04 | 93.32 | 95.76 | -1.26 | UNH ahead |
| 2025-02-03 | 94.04 | 96.24 | -1.25 | UNH ahead |
| 2025-01-31 | 91.86 | 95.24 | -1.34 | UNH ahead |
| 2025-01-30 | 92.70 | 95.78 | -1.33 | UNH ahead |
| 2025-01-29 | 92.93 | 94.47 | -1.24 | UNH ahead |
| 2025-01-28 | 94.11 | 95.24 | -1.22 | UNH ahead |
| 2025-01-27 | 95.47 | 95.42 | -1.15 | UNH ahead |
| 2025-01-24 | 93.08 | 93.49 | -1.19 | UNH ahead |
| 2025-01-23 | 93.17 | 93.01 | -1.16 | UNH ahead |
| 2025-01-22 | 90.71 | 91.24 | -1.22 | UNH ahead |
| 2025-01-21 | 90.35 | 92.17 | -1.31 | UNH ahead |
| 2025-01-17 | 89.44 | 89.49 | -1.20 | UNH ahead |
| 2025-01-16 | 89.44 | 89.64 | -1.22 | UNH ahead |
| 2025-01-15 | 90.37 | 95.40 | -1.56 | UNH ahead |
| 2025-01-14 | 91.27 | 95.46 | -1.51 | UNH ahead |
| 2025-01-13 | 92.04 | 95.00 | -1.44 | UNH ahead |
| 2025-01-10 | 88.48 | 91.41 | -1.46 | UNH ahead |
| 2025-01-08 | 88.97 | 92.08 | -1.48 | UNH ahead |
| 2025-01-07 | 88.39 | 90.28 | -1.40 | UNH ahead |
| 2025-01-06 | 88.13 | 90.18 | -1.43 | UNH ahead |
| 2025-01-03 | 86.25 | 90.06 | -1.57 | UNH ahead |
| 2025-01-02 | 84.92 | 88.57 | -1.57 | UNH ahead |
| 2024-12-31 | 85.64 | 88.81 | -1.55 | UNH ahead |
| 2024-12-30 | 85.61 | 89.15 | -1.59 | UNH ahead |
| 2024-12-27 | 86.14 | 89.53 | -1.59 | UNH ahead |
| 2024-12-26 | 86.74 | 89.74 | -1.57 | UNH ahead |
| 2024-12-24 | 86.58 | 88.85 | -1.53 | UNH ahead |
| 2024-12-23 | 86.10 | 88.89 | -1.58 | UNH ahead |
| 2024-12-20 | 84.95 | 87.80 | -1.60 | UNH ahead |
| 2024-12-19 | 85.08 | 85.89 | -1.46 | UNH ahead |
| 2024-12-18 | 85.02 | 87.73 | -1.62 | UNH ahead |
| 2024-12-17 | 85.03 | 85.24 | -1.43 | UNH ahead |
| 2024-12-16 | 86.66 | 87.52 | -1.49 | UNH ahead |
| 2024-12-13 | 88.54 | 91.37 | -1.65 | UNH ahead |
| 2024-12-12 | 87.84 | 90.55 | -1.66 | UNH ahead |
| 2024-12-11 | 89.50 | 93.67 | -1.78 | UNH ahead |
| 2024-12-10 | 90.50 | 99.22 | -2.13 | UNH ahead |
| 2024-12-09 | 91.85 | 98.42 | -1.99 | UNH ahead |
| 2024-12-06 | 88.71 | 96.49 | -2.12 | UNH ahead |
| 2024-12-05 | 91.23 | 101.64 | -2.32 | UNH ahead |
| 2024-12-04 | 92.88 | 107.23 | -2.62 | UNH ahead |
| 2024-12-03 | 94.73 | 106.25 | -2.44 | UNH ahead |
| 2024-12-02 | 95.27 | 106.83 | -2.47 | UNH ahead |
| 2024-11-29 | 94.47 | 107.13 | -2.60 | UNH ahead |
| 2024-11-27 | 93.50 | 106.81 | -2.70 | UNH ahead |
| 2024-11-26 | 93.31 | 106.53 | -2.74 | UNH ahead |
| 2024-11-25 | 94.62 | 106.36 | -2.66 | UNH ahead |
| 2024-11-22 | 93.45 | 103.73 | -2.61 | UNH ahead |
| 2024-11-21 | 93.69 | 104.89 | -2.72 | UNH ahead |
| 2024-11-20 | 92.27 | 105.42 | -2.94 | UNH ahead |
| 2024-11-19 | 91.51 | 101.30 | -2.72 | UNH ahead |
| 2024-11-18 | 93.02 | 103.52 | -2.81 | UNH ahead |
| 2024-11-15 | 93.02 | 103.97 | -2.90 | UNH ahead |
| 2024-11-14 | 94.49 | 104.13 | -2.83 | UNH ahead |
| 2024-11-13 | 95.39 | 106.37 | -2.98 | UNH ahead |
| 2024-11-12 | 95.86 | 107.91 | -3.12 | UNH ahead |
| 2024-11-11 | 98.75 | 109.77 | -3.07 | UNH ahead |
| 2024-11-08 | 98.11 | 108.11 | -3.04 | UNH ahead |
| 2024-11-07 | 99.67 | 106.29 | -2.78 | UNH ahead |
| 2024-11-06 | 99.57 | 104.75 | -2.69 | UNH ahead |
| 2024-11-05 | 96.98 | 99.55 | -2.49 | UNH ahead |
| 2024-11-04 | 97.00 | 97.92 | -2.35 | UNH ahead |
| 2024-11-01 | 96.11 | 99.64 | -2.64 | UNH ahead |
| 2024-10-31 | 94.19 | 99.10 | -2.83 | UNH ahead |
| 2024-10-30 | 95.35 | 98.83 | -2.72 | UNH ahead |
| 2024-10-29 | 95.31 | 98.69 | -2.74 | UNH ahead |
| 2024-10-28 | 96.86 | 99.23 | -2.67 | UNH ahead |
| 2024-10-25 | 98.72 | 99.11 | -2.49 | UNH ahead |
| 2024-10-24 | 97.28 | 98.46 | -2.61 | UNH ahead |
| 2024-10-23 | 96.46 | 99.13 | -2.81 | UNH ahead |
| 2024-10-22 | 97.46 | 100.04 | -2.84 | UNH ahead |
| 2024-10-21 | 98.02 | 100.33 | -2.86 | UNH ahead |
| 2024-10-18 | 100.00 | 100.00 | -2.64 | UNH ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 17, 2025 (ELV -2.4%, UNH -22.4%); May 15, 2025 (ELV +4.2%, UNH -10.9%); Jul 17, 2025 (ELV -12.2%, UNH -1.5%).
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: +15.56% per trade on average after costs, 1 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long ELV · Short UNH | Jul 17, 2026 | Aug 21, 2026 | converged | 35 | $1,593.32 | -$27.98 | $1,555.66 (+15.56%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
ELV and UNH at a glance
ELV Elevance Health Inc.
- Listing
- NYSE · SEC CIK 1156039
- Industry
- Medical Specialities · SIC 6324 Hospital & Medical Service Plans
- Market value
- $93.3B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
UNH UnitedHealth Group Incorporated Common Stock (DE)
- Listing
- NYSE · SEC CIK 731766
- Industry
- Medical Specialities · SIC 6324 Hospital & Medical Service Plans
- Market value
- $365.2B
- 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 ELV and UNH
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Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.
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.
