Metal Mining

Freeport-McMoRan Inc. vs Southern Copper Corporation

WatchlistFCX / SCCOPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($168B vs $100B) in Nasdaq's "Metal Mining" industry; SEC SIC 1000 / 1000 (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.

  • Mean reversion: ADF t-statistic of the spread: -2.19 (needs <= -2.873 (5% critical value))
Business leadership

FCX is the larger business

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

YearFCXSCCOLarger
2025$25.9B$13.4BFCX
2024$25.5B$11.4BFCX
2023$22.9B$9.9BFCX
2022$22.8B$10.0BFCX
2021$22.8B$10.9BFCX
2020$14.2B$8.0BFCX

FCX led in every year with figures for both. Market value: FCX $100.2B, SCCO $168.4B.

Stock leadership

FCX is ahead now

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

FCX leads SCCO by 0.62 standard deviations: +3.7% over its usual price ratio. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
FCX+3.2%+5.1%+56.4%
SCCO+2.4%+0.7%+43.1%
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: 0.87 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.19 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 16.92 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

FCX Freeport-McMoRan Inc. SCCO Southern Copper CorporationPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150200Oct 2024Oct 2025Oct 2026FCX 134SCCO 163
Spread z-score: FCX relative to SCCO, against the 252 sessions before each day. Above 0: FCX ahead; below 0: SCCO ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateFCX indexSCCO indexzAhead
2026-10-22134.06162.61+0.62FCX ahead
2026-10-21143.01175.44+0.43near the usual relationship
2026-10-20142.94179.22+0.06near the usual relationship
2026-10-19144.77178.72+0.33near the usual relationship
2026-10-16144.33177.60+0.39near the usual relationship
2026-10-15145.41178.64+0.43near the usual relationship
2026-10-14144.50177.75+0.41near the usual relationship
2026-10-13150.31183.72+0.52FCX ahead
2026-10-12152.12184.84+0.63FCX ahead
2026-10-09152.95185.31+0.68FCX ahead
2026-10-08147.65175.96+0.97FCX ahead
2026-10-07149.15177.65+0.99FCX ahead
2026-10-06150.60180.92+0.85FCX ahead
2026-10-05150.68181.83+0.78FCX ahead
2026-10-02149.52182.05+0.63FCX ahead
2026-10-01143.79176.46+0.51FCX ahead
2026-09-30145.29179.49+0.40near the usual relationship
2026-09-29146.93179.41+0.60FCX ahead
2026-09-28149.36179.48+0.87FCX ahead
2026-09-25150.08180.62+0.86FCX ahead
2026-09-24149.61178.55+0.97FCX ahead
2026-09-23150.64178.87+1.03FCX ahead
2026-09-22154.32182.59+1.06FCX ahead
2026-09-21149.77175.43+1.18FCX ahead
2026-09-18148.48173.34+1.20FCX ahead
2026-09-17147.05173.70+1.00FCX ahead
2026-09-16143.71168.18+1.11FCX ahead
2026-09-15144.00167.75+1.15FCX ahead
2026-09-14143.92166.83+1.18FCX ahead
2026-09-11147.51171.38+1.11FCX ahead
2026-09-10147.80171.96+1.06FCX ahead
2026-09-09158.22185.35+0.93FCX ahead
2026-09-08159.03184.73+1.01FCX ahead
2026-09-04150.95176.05+0.92FCX ahead
2026-09-03150.60176.73+0.81FCX ahead
2026-09-02153.45180.92+0.72FCX ahead
2026-09-01150.42178.57+0.62FCX ahead
2026-08-31157.20185.00+0.69FCX ahead
2026-08-28158.68185.83+0.72FCX ahead
2026-08-27162.76191.57+0.64FCX ahead
2026-08-26163.97189.33+0.83FCX ahead
2026-08-25165.86194.60+0.64FCX ahead
2026-08-24161.48189.77+0.61FCX ahead
2026-08-21159.11191.32+0.36near the usual relationship
2026-08-20147.82176.02+0.44near the usual relationship
2026-08-19143.40172.44+0.33near the usual relationship
2026-08-18137.65166.34+0.27near the usual relationship
2026-08-17141.93170.10+0.34near the usual relationship
2026-08-14138.00163.52+0.44near the usual relationship
2026-08-13138.71166.16+0.32near the usual relationship
2026-08-12143.67172.62+0.29near the usual relationship
2026-08-11142.94172.26+0.25near the usual relationship
2026-08-10146.35177.25+0.19near the usual relationship
2026-08-07144.50176.32+0.12near the usual relationship
2026-08-06141.51170.97+0.20near the usual relationship
2026-08-05144.02174.49+0.17near the usual relationship
2026-08-04139.68172.86-0.04near the usual relationship
2026-08-03132.09164.67-0.11near the usual relationship
2026-07-31129.99161.83-0.11near the usual relationship
2026-07-30131.67163.86-0.11near the usual relationship
2026-07-29124.51155.42-0.15near the usual relationship
2026-07-28127.94158.51-0.09near the usual relationship
2026-07-27130.18158.83+0.03near the usual relationship
2026-07-24129.93158.80+0.01near the usual relationship
2026-07-23131.80161.40-0.01near the usual relationship
2026-07-22134.91173.14-0.42near the usual relationship
2026-07-21129.85166.53-0.42near the usual relationship
2026-07-20122.02155.07-0.35near the usual relationship
2026-07-17121.17152.77-0.29near the usual relationship
2026-07-16121.54155.59-0.42near the usual relationship
2026-07-15126.55160.80-0.37near the usual relationship
2026-07-14128.58161.54-0.28near the usual relationship
2026-07-13124.47154.59-0.20near the usual relationship
2026-07-10127.69155.74-0.07near the usual relationship
2026-07-09125.63154.50-0.14near the usual relationship
2026-07-08119.34148.10-0.21near the usual relationship
2026-07-07123.14150.35-0.09near the usual relationship
2026-07-06126.61154.00-0.07near the usual relationship
2026-07-02126.55152.36+0.00near the usual relationship
2026-07-01125.63149.51+0.08near the usual relationship
2026-06-30130.53154.35+0.13near the usual relationship
2026-06-29127.90149.20+0.22near the usual relationship
2026-06-26129.62151.69+0.19near the usual relationship
2026-06-25130.34154.77+0.08near the usual relationship
2026-06-24128.35152.21+0.08near the usual relationship
2026-06-23133.67158.17+0.09near the usual relationship
2026-06-22143.65168.21+0.16near the usual relationship
2026-06-18142.55170.89-0.01near the usual relationship
2026-06-17143.34169.78+0.07near the usual relationship
2026-06-16145.60172.30+0.07near the usual relationship
2026-06-15145.56171.14+0.11near the usual relationship
2026-06-12141.99168.10+0.06near the usual relationship
2026-06-11137.69161.35+0.12near the usual relationship
2026-06-10128.85148.59+0.23near the usual relationship
2026-06-09133.35155.16+0.17near the usual relationship
2026-06-08132.65151.00+0.32near the usual relationship
2026-06-05131.53153.21+0.15near the usual relationship
2026-06-04144.65171.91+0.00near the usual relationship
2026-06-03146.62174.13+0.00near the usual relationship
2026-06-02148.86178.36-0.07near the usual relationship
2026-06-01139.14172.38-0.31near the usual relationship
2026-05-29136.38169.44-0.33near the usual relationship
2026-05-28136.72172.61-0.45near the usual relationship
2026-05-27132.07166.30-0.44near the usual relationship
2026-05-26133.58168.18-0.44near the usual relationship
2026-05-22128.66159.14-0.32near the usual relationship
2026-05-21129.33158.65-0.27near the usual relationship
2026-05-20126.34154.20-0.24near the usual relationship
2026-05-19121.83149.69-0.29near the usual relationship
2026-05-18125.57152.26-0.20near the usual relationship
2026-05-15130.78156.58-0.12near the usual relationship
2026-05-14137.28166.96-0.23near the usual relationship
2026-05-13139.39169.96-0.25near the usual relationship
2026-05-12137.05169.84-0.37near the usual relationship
2026-05-11133.60164.07-0.31near the usual relationship
2026-05-08127.96164.12-0.61SCCO ahead
2026-05-07125.80159.03-0.52SCCO ahead
2026-05-06126.38162.90-0.66SCCO ahead
2026-05-05119.72151.49-0.54SCCO ahead
2026-05-04115.34147.30-0.61SCCO ahead
2026-05-01117.37151.62-0.69SCCO ahead
2026-04-30119.93152.07-0.57SCCO ahead
2026-04-29118.16149.19-0.54SCCO ahead
2026-04-28120.82151.01-0.48near the usual relationship
2026-04-27125.72157.77-0.51SCCO ahead
2026-04-24126.71159.81-0.55SCCO ahead
2026-04-23127.60161.43-0.57SCCO ahead
2026-04-22146.04166.26+0.14near the usual relationship
2026-04-21140.24162.56+0.02near the usual relationship
2026-04-20145.66168.96+0.01near the usual relationship
2026-04-17145.72172.12-0.11near the usual relationship
2026-04-16141.72166.74-0.09near the usual relationship
2026-04-15142.59167.67-0.08near the usual relationship
2026-04-14141.70171.28-0.27near the usual relationship
2026-04-13141.20173.94-0.40near the usual relationship
2026-04-10140.72170.56-0.30near the usual relationship
2026-04-09137.92166.56-0.27near the usual relationship
2026-04-08135.12165.78-0.38near the usual relationship
2026-04-07126.11154.09-0.36near the usual relationship
2026-04-06126.71156.48-0.43near the usual relationship
2026-04-02127.40157.51-0.45near the usual relationship
2026-04-01127.02157.62-0.47near the usual relationship
2026-03-31122.00152.40-0.52SCCO ahead
2026-03-30113.43141.08-0.50SCCO ahead
2026-03-27116.73143.55-0.43near the usual relationship
2026-03-26115.88141.51-0.39near the usual relationship
2026-03-25118.49146.58-0.48near the usual relationship
2026-03-24117.23141.61-0.32near the usual relationship
2026-03-23114.03141.36-0.50SCCO ahead
2026-03-20108.12135.26-0.57SCCO ahead
2026-03-19111.29141.55-0.68SCCO ahead
2026-03-18115.09147.67-0.75SCCO ahead
2026-03-17120.57156.79-0.84SCCO ahead
2026-03-16120.24156.60-0.86SCCO ahead
2026-03-13117.02151.31-0.82SCCO ahead
2026-03-12122.89159.93-0.87SCCO ahead
2026-03-11127.73170.08-1.03SCCO ahead
2026-03-10129.51173.75-1.09SCCO ahead
2026-03-09125.55168.86-1.11SCCO ahead
2026-03-06123.20163.84-1.04SCCO ahead
2026-03-05130.05169.95-0.93SCCO ahead
2026-03-04136.84183.05-1.10SCCO ahead
2026-03-03136.09182.67-1.13SCCO ahead
2026-03-02141.74193.84-1.27SCCO ahead
2026-02-27141.30193.36-1.28SCCO ahead
2026-02-26141.93191.05-1.18SCCO ahead
2026-02-25142.84190.61-1.13SCCO ahead
2026-02-24140.89186.62-1.09SCCO ahead
2026-02-23136.05183.39-1.22SCCO ahead
2026-02-20133.54178.04-1.15SCCO ahead
2026-02-19129.87171.90-1.11SCCO ahead
2026-02-18129.83170.65-1.07SCCO ahead
2026-02-17126.80166.52-1.07SCCO ahead
2026-02-13130.43175.38-1.24SCCO ahead
2026-02-12128.77175.24-1.34SCCO ahead
2026-02-11135.87182.92-1.27SCCO ahead
2026-02-10131.30176.17-1.26SCCO ahead
2026-02-09132.03184.48-1.56SCCO ahead
2026-02-06125.92177.18-1.62SCCO ahead
2026-02-05122.91167.81-1.42SCCO ahead
2026-02-04128.39173.58-1.36SCCO ahead
2026-02-03134.23190.82-1.74SCCO ahead
2026-02-02126.11170.77-1.40SCCO ahead
2026-01-30125.01168.57-1.38SCCO ahead
2026-01-29135.18184.17-1.47SCCO ahead
2026-01-28132.07175.54-1.30SCCO ahead
2026-01-27130.49172.58-1.27SCCO ahead
2026-01-26126.96166.88-1.24SCCO ahead
2026-01-23125.38163.24-1.18SCCO ahead
2026-01-22122.15156.25-1.06SCCO ahead
2026-01-21125.74163.03-1.16SCCO ahead
2026-01-20124.68164.97-1.33SCCO ahead
2026-01-16121.86160.27-1.29SCCO ahead
2026-01-15124.45162.06-1.23SCCO ahead
2026-01-14125.26159.66-1.08SCCO ahead
2026-01-13123.16154.45-0.96SCCO ahead
2026-01-12121.86155.89-1.12SCCO ahead
2026-01-09117.33151.04-1.17SCCO ahead
2026-01-08112.54142.21-1.04SCCO ahead
2026-01-07115.19140.03-0.76SCCO ahead
2026-01-06116.54141.79-0.77SCCO ahead
2026-01-05112.93136.75-0.74SCCO ahead
2026-01-02107.78131.70-0.81SCCO ahead
2025-12-31105.42127.08-0.71SCCO ahead
2025-12-30106.70128.86-0.73SCCO ahead
2025-12-29106.85128.70-0.72SCCO ahead
2025-12-26110.09132.44-0.71SCCO ahead
2025-12-24107.76131.20-0.81SCCO ahead
2025-12-23107.72131.11-0.81SCCO ahead
2025-12-22105.11130.36-0.97SCCO ahead
2025-12-19102.01127.55-1.03SCCO ahead
2025-12-1899.46126.02-1.14SCCO ahead
2025-12-1799.25125.29-1.12SCCO ahead
2025-12-1698.67124.24-1.11SCCO ahead
2025-12-1598.63127.42-1.32SCCO ahead
2025-12-1298.34126.14-1.28SCCO ahead
2025-12-1199.85130.76-1.45SCCO ahead
2025-12-1096.41127.53-1.54SCCO ahead
2025-12-0992.98124.36-1.64SCCO ahead
2025-12-0893.40124.92-1.66SCCO ahead
2025-12-0593.81124.37-1.61SCCO ahead
2025-12-0492.59123.96-1.70SCCO ahead
2025-12-0392.42122.75-1.65SCCO ahead
2025-12-0289.19119.49-1.74SCCO ahead
2025-12-0189.39119.36-1.73SCCO ahead
2025-11-2889.21119.38-1.77SCCO ahead
2025-11-2687.48117.83-1.84SCCO ahead
2025-11-2585.24114.37-1.83SCCO ahead
2025-11-2484.66112.31-1.76SCCO ahead
2025-11-2182.75109.56-1.76SCCO ahead
2025-11-2082.25106.31-1.58SCCO ahead
2025-11-1985.62111.05-1.62SCCO ahead
2025-11-1883.02109.96-1.82SCCO ahead
2025-11-1780.95112.53-2.25SCCO ahead
2025-11-1483.35115.76-2.28SCCO ahead
2025-11-1384.14116.94-2.32SCCO ahead
2025-11-1286.78121.15-2.39SCCO ahead
2025-11-1185.24122.69-2.71SCCO ahead
2025-11-1084.99123.55-2.85SCCO ahead
2025-11-0782.63121.00-2.98SCCO ahead
2025-11-0680.22121.56-3.38SCCO ahead
2025-11-0583.46120.39-2.98SCCO ahead
2025-11-0481.82115.85-2.87SCCO ahead
2025-11-0385.47122.49-3.05SCCO ahead
2025-10-3186.55122.94-3.03SCCO ahead
2025-10-3086.61124.10-3.19SCCO ahead
2025-10-2987.57125.49-3.27SCCO ahead
2025-10-2885.45122.55-3.36SCCO ahead
2025-10-2785.31117.79-3.03SCCO ahead
2025-10-2485.87114.56-2.71SCCO ahead
2025-10-2385.57113.70-2.71SCCO ahead
2025-10-2284.64112.42-2.76SCCO ahead
2025-10-2185.74113.66-2.79SCCO ahead
2025-10-2087.57119.52-3.20SCCO ahead
2025-10-1785.47114.98-3.10SCCO ahead
2025-10-1686.55118.04-3.35SCCO ahead
2025-10-1586.57116.83-3.30SCCO ahead
2025-10-1487.11115.81-3.19SCCO ahead
2025-10-1388.79117.98-3.27SCCO ahead
2025-10-1084.85110.81-3.12SCCO ahead
2025-10-0989.89115.65-2.98SCCO ahead
2025-10-0888.94117.39-3.41SCCO ahead
2025-10-0784.45112.25-3.61SCCO ahead
2025-10-0683.69115.13-4.26SCCO ahead
2025-10-0382.34113.63-4.49SCCO ahead
2025-10-0280.68111.00-4.65SCCO ahead
2025-10-0181.13108.63-4.40SCCO ahead
2025-09-3081.40107.49-4.34SCCO ahead
2025-09-2977.04107.25-5.56SCCO ahead
2025-09-2674.20103.63-6.04SCCO ahead
2025-09-2573.35104.48-7.05SCCO ahead
2025-09-2478.19105.85-6.49SCCO ahead
2025-09-2394.1597.66-0.49near the usual relationship
2025-09-2293.7398.71-0.84SCCO ahead
2025-09-1993.2897.42-0.66SCCO ahead
2025-09-1893.2595.00-0.10near the usual relationship
2025-09-1793.5994.67+0.06near the usual relationship
2025-09-1694.0296.06-0.17near the usual relationship
2025-09-1594.7397.38-0.31near the usual relationship
2025-09-1292.8294.05+0.01near the usual relationship
2025-09-1195.3193.05+0.85FCX ahead
2025-09-1093.1590.43+0.98FCX ahead
2025-09-0991.1088.49+0.97FCX ahead
2025-09-0896.8591.58+1.59FCX ahead
2025-09-0596.1891.21+1.54FCX ahead
2025-09-0495.6289.30+1.90FCX ahead
2025-09-0395.9189.40+1.97FCX ahead
2025-09-0293.2886.14+2.20FCX ahead
2025-08-2992.1585.11+2.23FCX ahead
2025-08-2892.0985.67+2.08FCX ahead
2025-08-2791.0585.22+1.96FCX ahead
2025-08-2692.0586.61+1.85FCX ahead
2025-08-2590.6885.93+1.70FCX ahead
2025-08-2289.8386.40+1.35FCX ahead
2025-08-2186.5983.02+1.44FCX ahead
2025-08-2085.7482.99+1.21FCX ahead
2025-08-1986.0583.48+1.17FCX ahead
2025-08-1886.6584.92+0.92FCX ahead
2025-08-1587.9284.92+1.29FCX ahead
2025-08-1487.7586.47+0.81FCX ahead
2025-08-1388.7188.13+0.61FCX ahead
2025-08-1287.4887.02+0.58FCX ahead
2025-08-1186.0585.14+0.72FCX ahead
2025-08-0886.9088.66-0.04near the usual relationship
2025-08-0784.6886.37-0.03near the usual relationship
2025-08-0682.7384.21+0.02near the usual relationship
2025-08-0583.0883.73+0.27near the usual relationship
2025-08-0483.8982.42+0.90FCX ahead
2025-08-0183.0881.19+1.03FCX ahead
2025-07-3183.5283.40+0.49near the usual relationship
2025-07-3081.2480.19+0.78FCX ahead
2025-07-2989.7385.62+1.63FCX ahead
2025-07-2890.8986.01+1.85FCX ahead
2025-07-2593.1786.97+2.22FCX ahead
2025-07-2492.5388.11+1.73FCX ahead
2025-07-2393.0789.31+1.54FCX ahead
2025-07-2295.0687.82+2.53FCX ahead
2025-07-2193.7986.85+2.49FCX ahead
2025-07-1892.9885.42+2.72FCX ahead
2025-07-1792.2885.48+2.53FCX ahead
2025-07-1691.2885.62+2.21FCX ahead
2025-07-1591.5786.40+2.06FCX ahead
2025-07-1494.7188.56+2.31FCX ahead
2025-07-1196.2290.00+2.32FCX ahead
2025-07-1097.9990.58+2.67FCX ahead
2025-07-0994.6288.50+2.37FCX ahead
2025-07-0896.0491.23+1.97FCX ahead
2025-07-0793.6792.57+0.88FCX ahead
2025-07-0395.0693.76+0.93FCX ahead
2025-07-0295.0093.97+0.84FCX ahead
2025-07-0191.4390.43+0.83FCX ahead
2025-06-3089.9889.61+0.64FCX ahead
2025-06-2791.0590.80+0.59FCX ahead
2025-06-2692.2892.68+0.39near the usual relationship
2025-06-2586.3685.99+0.61FCX ahead
2025-06-2487.1985.84+0.89FCX ahead
2025-06-2384.9783.84+0.83FCX ahead
2025-06-2083.4882.78+0.69FCX ahead
2025-06-1885.4784.37+0.80FCX ahead
2025-06-1785.8784.44+0.89FCX ahead
2025-06-1686.9985.43+0.91FCX ahead
2025-06-1384.9783.93+0.75FCX ahead
2025-06-1285.4784.98+0.58FCX ahead
2025-06-1185.1285.08+0.44near the usual relationship
2025-06-1087.5786.47+0.73FCX ahead
2025-06-0987.8885.85+0.98FCX ahead
2025-06-0686.0984.71+0.80FCX ahead
2025-06-0586.5385.09+0.81FCX ahead
2025-06-0484.8183.03+0.91FCX ahead
2025-06-0383.5281.93+0.86FCX ahead
2025-06-0283.3381.89+0.82FCX ahead
2025-05-3079.8780.52+0.20near the usual relationship
2025-05-2981.0181.83+0.15near the usual relationship
2025-05-2880.7281.26+0.23near the usual relationship
2025-05-2782.2782.52+0.32near the usual relationship
2025-05-2380.9981.79+0.15near the usual relationship
2025-05-2278.2580.09-0.17near the usual relationship
2025-05-2178.8980.54-0.11near the usual relationship
2025-05-2079.7081.20-0.06near the usual relationship
2025-05-1980.5381.16+0.19near the usual relationship
2025-05-1678.9180.42-0.07near the usual relationship
2025-05-1579.8581.67-0.16near the usual relationship
2025-05-1481.0782.73-0.11near the usual relationship
2025-05-1381.9282.63+0.16near the usual relationship
2025-05-1281.1781.72+0.20near the usual relationship
2025-05-0978.5879.17+0.17near the usual relationship
2025-05-0877.7978.02+0.28near the usual relationship
2025-05-0776.8477.47+0.15near the usual relationship
2025-05-0678.7080.18-0.09near the usual relationship
2025-05-0577.5278.43+0.06near the usual relationship
2025-05-0278.0479.84-0.20near the usual relationship
2025-05-0175.5779.57-0.87SCCO ahead
2025-04-3074.7879.29-1.04SCCO ahead
2025-04-2977.1582.26-1.17SCCO ahead
2025-04-2877.2983.10-1.38SCCO ahead
2025-04-2577.5283.51-1.43SCCO ahead
2025-04-2478.1084.88-1.65SCCO ahead
2025-04-2373.0481.71-2.36SCCO ahead
2025-04-2270.6978.93-2.35SCCO ahead
2025-04-2168.3976.74-2.50SCCO ahead
2025-04-1768.2976.40-2.47SCCO ahead
2025-04-1669.1676.34-2.18SCCO ahead
2025-04-1569.2676.91-2.35SCCO ahead
2025-04-1470.0577.65-2.35SCCO ahead
2025-04-1169.2274.96-1.79SCCO ahead
2025-04-1065.0772.49-2.53SCCO ahead
2025-04-0970.0374.77-1.48SCCO ahead
2025-04-0860.6366.99-2.36SCCO ahead
2025-04-0763.0370.33-2.65SCCO ahead
2025-04-0460.5069.43-3.44SCCO ahead
2025-04-0369.5576.82-2.49SCCO ahead
2025-04-0279.2983.58-1.28SCCO ahead
2025-04-0179.1483.15-1.21SCCO ahead
2025-03-3178.5882.78-1.29SCCO ahead
2025-03-2879.7483.38-1.10SCCO ahead
2025-03-2782.9885.78-0.81SCCO ahead
2025-03-2686.1186.54-0.08near the usual relationship
2025-03-2589.2789.88-0.14near the usual relationship
2025-03-2486.3688.26-0.52SCCO ahead
2025-03-2183.5488.94-1.59SCCO ahead
2025-03-2084.4787.88-1.01SCCO ahead
2025-03-1983.8988.17-1.28SCCO ahead
2025-03-1882.6987.51-1.47SCCO ahead
2025-03-1782.0086.70-1.46SCCO ahead
2025-03-1480.6485.15-1.43SCCO ahead
2025-03-1378.0081.85-1.27SCCO ahead
2025-03-1276.3480.02-1.25SCCO ahead
2025-03-1174.4778.71-1.46SCCO ahead
2025-03-1071.6178.35-2.35SCCO ahead
2025-03-0776.6780.57-1.34SCCO ahead
2025-03-0678.2180.44-0.81SCCO ahead
2025-03-0579.2080.15-0.42near the usual relationship
2025-03-0472.4476.10-1.33SCCO ahead
2025-03-0373.7476.80-1.12SCCO ahead
2025-02-2876.6178.77-0.82SCCO ahead
2025-02-2777.6780.15-0.91SCCO ahead
2025-02-2678.7782.60-1.29SCCO ahead
2025-02-2576.3082.39-1.98SCCO ahead
2025-02-2477.0282.29-1.74SCCO ahead
2025-02-2176.7582.29-1.84SCCO ahead
2025-02-2080.8686.64-1.84SCCO ahead
2025-02-1980.0585.37-1.74SCCO ahead
2025-02-1881.5786.30-1.57SCCO ahead
2025-02-1481.9286.16-1.44SCCO ahead
2025-02-1383.4886.66-1.15SCCO ahead
2025-02-1278.7983.49-1.63SCCO ahead
2025-02-1178.0281.57-1.33SCCO ahead
2025-02-1079.8385.95-2.00SCCO ahead
2025-02-0779.3385.67-2.07SCCO ahead
2025-02-0677.1183.80-2.22SCCO ahead
2025-02-0576.1382.75-2.23SCCO ahead
2025-02-0475.7282.60-2.33SCCO ahead
2025-02-0374.4379.65-1.91SCCO ahead
2025-01-3174.4181.15-2.34SCCO ahead
2025-01-3076.0582.06-2.12SCCO ahead
2025-01-2975.3080.93-2.05SCCO ahead
2025-01-2874.3980.18-2.13SCCO ahead
2025-01-2776.1183.38-2.51SCCO ahead
2025-01-2478.4885.47-2.42SCCO ahead
2025-01-2379.9186.08-2.20SCCO ahead
2025-01-2281.1385.34-1.68SCCO ahead
2025-01-2183.6487.40-1.54SCCO ahead
2025-01-1783.4886.91-1.46SCCO ahead
2025-01-1683.0886.29-1.41SCCO ahead
2025-01-1583.0885.91-1.32SCCO ahead
2025-01-1481.9884.45-1.24SCCO ahead
2025-01-1381.8083.92-1.16SCCO ahead
2025-01-1080.9083.80-1.36SCCO ahead
2025-01-0882.4884.68-1.18SCCO ahead
2025-01-0780.4183.06-1.31SCCO ahead
2025-01-0680.0582.87-1.35SCCO ahead
2025-01-0378.2781.50-1.47SCCO ahead
2025-01-0278.6281.63-1.42SCCO ahead
2024-12-3179.0480.72-1.10SCCO ahead
2024-12-3079.2081.00-1.13SCCO ahead
2024-12-2780.6682.56-1.15SCCO ahead
2024-12-2681.3483.79-1.28SCCO ahead
2024-12-2481.4083.64-1.24SCCO ahead
2024-12-2381.4782.88-1.06SCCO ahead
2024-12-2080.6682.38-1.14SCCO ahead
2024-12-1979.3781.47-1.23SCCO ahead
2024-12-1880.3482.34-1.21SCCO ahead
2024-12-1784.3185.69-1.06SCCO ahead
2024-12-1684.5686.26-1.13SCCO ahead
2024-12-1386.3288.57-1.24SCCO ahead
2024-12-1287.3489.93-1.30SCCO ahead
2024-12-1189.2591.68-1.27SCCO ahead
2024-12-1088.5690.81-1.24SCCO ahead
2024-12-0990.7693.48-1.32SCCO ahead
2024-12-0687.3288.57-1.06SCCO ahead
2024-12-0588.8189.57-0.97SCCO ahead
2024-12-0489.3389.65-0.89SCCO ahead
2024-12-0390.9789.75-0.61SCCO ahead
2024-12-0290.5888.62-0.47near the usual relationship
2024-11-2991.7488.88-0.32near the usual relationship
2024-11-2790.8388.32-0.38near the usual relationship
2024-11-2690.2487.28-0.31near the usual relationship
2024-11-2592.1190.35-0.54SCCO ahead
2024-11-2290.7488.34-0.42near the usual relationship
2024-11-2190.8389.18-0.56SCCO ahead
2024-11-2090.7091.23-0.95SCCO ahead
2024-11-1991.5791.92-0.92SCCO ahead
2024-11-1890.3990.19-0.84SCCO ahead
2024-11-1588.6387.90-0.75SCCO ahead
2024-11-1489.8188.81-0.71SCCO ahead
2024-11-1389.5089.45-0.88SCCO ahead
2024-11-1290.4990.97-0.98SCCO ahead
2024-11-1193.1992.79-0.84SCCO ahead
2024-11-0896.2294.87-0.69SCCO ahead
2024-11-07100.83100.54-0.87SCCO ahead
2024-11-0697.2896.99-0.88SCCO ahead
2024-11-0597.53100.99-1.48SCCO ahead
2024-11-0496.0498.59-1.36SCCO ahead
2024-11-0194.6297.52-1.43SCCO ahead
2024-10-3193.4497.03-1.56SCCO ahead
2024-10-3095.4199.07-1.58SCCO ahead
2024-10-2996.66101.34-1.75SCCO ahead
2024-10-2896.99101.69-1.77SCCO ahead
2024-10-2596.72102.22-1.92SCCO ahead
2024-10-2497.22101.44-1.73SCCO ahead
2024-10-2399.46100.82-1.27SCCO ahead
2024-10-22100.73101.48-1.18SCCO ahead
2024-10-2199.5099.55-1.08SCCO ahead
2024-10-18100.00100.00-1.08SCCO ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 3, 2025 (FCX -12.3%, SCCO -8.1%); Sep 24, 2025 (FCX -16.9%, SCCO +8.4%); Apr 23, 2026 (FCX -12.6%, SCCO -2.9%). Upcoming earnings: FCX Oct 27, 2026 (pre-market); SCCO Oct 27, 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)

1 simulated trade to Oct 20, 2026: -9.99% per trade on average after costs, 0 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long FCX · Short SCCOFeb 2, 2023Mar 13, 2023divergence stop39-$914.77-$37.40-$999.38 (-9.99%)

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

The companies

FCX and SCCO at a glance

FCX Freeport-McMoRan Inc.

Listing
NYSE · SEC CIK 831259
Industry
Metal Mining · SIC 1000 Metal Mining
Market value
$100.2B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

SCCO Southern Copper Corporation

Listing
NYSE · SEC CIK 1001838
Industry
Metal Mining · SIC 1000 Metal Mining
Market value
$168.4B
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
RIO / FCXWatchlistFCX by 1.87 sdMetal Mining
SCCO / RIOWatchlistSCCO by 1.67 sdMetal Mining
BHP / SCCOWatchlistneitherSIC 1000 Metal Mining

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Explore the private beta

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.