SIC 4833 Television Broadcasting Stations

Fox Corporation vs Liberty Media Corporation Series C

WatchlistFOXA / FWONKPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($28B vs $23B) with SEC SIC 4833 (Television Broadcasting Stations).

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: 0.18 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -2.28 (needs <= -2.873 (5% critical value))
Business leadership

FOXA is the larger business

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

YearFOXAFWONKLarger
2025$16.3B$4.5BFOXA
2024$14.0B$3.7BFOXA
2023$14.9B$3.6BFOXA
2022$14.0B$3.2BFOXA
2021$12.9B$11.4BFOXA
2020$12.3B$9.4BFOXA

FOXA led in every year with figures for both. Market value: FOXA $27.5B, FWONK $22.5B.

Stock leadership

FOXA is ahead now

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

FOXA leads FWONK by 0.92 standard deviations: +9.8% over its usual price ratio. 2 lead switches in the last year.

Price change3 mo6 mo12 mo
FOXA+23.4%+5.8%+16.2%
FWONK-6.1%+2.8%-6.2%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 1924 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.18 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.28 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 21.27 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

FOXA Fox Corporation FWONK Liberty Media Corporation Series CPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026FOXA 161FWONK 114
Spread z-score: FOXA relative to FWONK, against the 252 sessions before each day. Above 0: FOXA ahead; below 0: FWONK ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateFOXA indexFWONK indexzAhead
2026-10-22160.75113.54+0.92FOXA ahead
2026-10-21155.03113.69+0.56FOXA ahead
2026-10-20157.76115.20+0.60FOXA ahead
2026-10-19153.68112.02+0.63FOXA ahead
2026-10-16151.05113.12+0.37near the usual relationship
2026-10-15150.65113.12+0.35near the usual relationship
2026-10-14146.48113.23+0.08near the usual relationship
2026-10-13147.16115.87-0.08near the usual relationship
2026-10-12147.37116.85-0.14near the usual relationship
2026-10-09146.95117.14-0.18near the usual relationship
2026-10-08149.68118.42-0.11near the usual relationship
2026-10-07147.63118.98-0.27near the usual relationship
2026-10-06146.17119.01-0.36near the usual relationship
2026-10-05149.12118.34-0.12near the usual relationship
2026-10-02146.64113.60+0.10near the usual relationship
2026-10-01144.29114.10-0.08near the usual relationship
2026-09-30147.52115.10+0.05near the usual relationship
2026-09-29147.12115.94-0.04near the usual relationship
2026-09-28148.48118.16-0.12near the usual relationship
2026-09-25148.50117.85-0.09near the usual relationship
2026-09-24150.32118.44-0.02near the usual relationship
2026-09-23150.60116.16+0.17near the usual relationship
2026-09-22151.28117.86+0.09near the usual relationship
2026-09-21152.55120.12+0.00near the usual relationship
2026-09-18151.75117.76+0.13near the usual relationship
2026-09-17153.00117.30+0.25near the usual relationship
2026-09-16155.78118.78+0.30near the usual relationship
2026-09-15159.10118.34+0.52FOXA ahead
2026-09-14161.36118.83+0.62FOXA ahead
2026-09-11155.26119.07+0.27near the usual relationship
2026-09-10153.47118.88+0.18near the usual relationship
2026-09-09150.36120.58-0.11near the usual relationship
2026-09-08153.59118.27+0.24near the usual relationship
2026-09-04154.04118.96+0.22near the usual relationship
2026-09-03159.43120.75+0.39near the usual relationship
2026-09-02158.98121.33+0.33near the usual relationship
2026-09-01155.24120.76+0.17near the usual relationship
2026-08-31158.58124.50+0.10near the usual relationship
2026-08-28161.10126.81+0.08near the usual relationship
2026-08-27158.28127.17-0.09near the usual relationship
2026-08-26163.88128.72+0.10near the usual relationship
2026-08-25165.60130.17+0.10near the usual relationship
2026-08-24162.96132.86-0.20near the usual relationship
2026-08-21161.38130.72-0.14near the usual relationship
2026-08-20160.02129.75-0.15near the usual relationship
2026-08-19160.02130.59-0.20near the usual relationship
2026-08-18162.54127.08+0.17near the usual relationship
2026-08-17162.91127.03+0.19near the usual relationship
2026-08-14162.56129.42+0.02near the usual relationship
2026-08-13154.11129.16-0.40near the usual relationship
2026-08-12148.46129.06-0.71FWONK ahead
2026-08-11146.32127.53-0.73FWONK ahead
2026-08-10149.33127.96-0.58FWONK ahead
2026-08-07150.77128.11-0.50FWONK ahead
2026-08-06145.49124.18-0.53FWONK ahead
2026-08-05138.17119.64-0.65FWONK ahead
2026-08-04139.11120.12-0.62FWONK ahead
2026-08-03138.22121.75-0.78FWONK ahead
2026-07-31137.11122.23-0.87FWONK ahead
2026-07-30138.50124.56-0.94FWONK ahead
2026-07-29138.80126.92-1.07FWONK ahead
2026-07-28135.91126.06-1.18FWONK ahead
2026-07-27133.36122.48-1.10FWONK ahead
2026-07-24130.23120.89-1.18FWONK ahead
2026-07-23129.72120.18-1.16FWONK ahead
2026-07-22132.92120.78-1.00FWONK ahead
2026-07-21135.55121.97-0.91FWONK ahead
2026-07-20135.34123.57-1.03FWONK ahead
2026-07-17135.67127.30-1.24FWONK ahead
2026-07-16133.77124.24-1.16FWONK ahead
2026-07-15131.83124.56-1.29FWONK ahead
2026-07-14129.20125.65-1.52FWONK ahead
2026-07-13131.62124.12-1.27FWONK ahead
2026-07-10127.43119.74-1.24FWONK ahead
2026-07-09126.54119.47-1.28FWONK ahead
2026-07-08125.71120.19-1.37FWONK ahead
2026-07-07129.31123.11-1.34FWONK ahead
2026-07-06131.55123.28-1.21FWONK ahead
2026-07-02132.99122.70-1.08FWONK ahead
2026-07-01127.45122.55-1.40FWONK ahead
2026-06-30122.82118.51-1.43FWONK ahead
2026-06-29118.65116.44-1.56FWONK ahead
2026-06-26117.97114.81-1.50FWONK ahead
2026-06-25115.05112.67-1.54FWONK ahead
2026-06-24117.26112.14-1.36FWONK ahead
2026-06-23114.88111.10-1.44FWONK ahead
2026-06-22116.29111.30-1.36FWONK ahead
2026-06-18122.98113.05-1.04FWONK ahead
2026-06-17120.84112.54-1.14FWONK ahead
2026-06-16123.24111.65-0.92FWONK ahead
2026-06-15128.94112.16-0.60FWONK ahead
2026-06-12155.05110.77+0.93FOXA ahead
2026-06-11160.82112.63+1.09FOXA ahead
2026-06-10160.11110.38+1.23FOXA ahead
2026-06-09160.87109.59+1.33FOXA ahead
2026-06-08158.79108.21+1.34FOXA ahead
2026-06-05157.50109.22+1.21FOXA ahead
2026-06-04154.32107.09+1.22FOXA ahead
2026-06-03151.35108.22+0.99FOXA ahead
2026-06-02154.67111.26+0.95FOXA ahead
2026-06-01157.31113.45+0.94FOXA ahead
2026-05-29150.51113.09+0.63FOXA ahead
2026-05-28155.00113.43+0.84FOXA ahead
2026-05-27154.18112.52+0.87FOXA ahead
2026-05-26152.96113.86+0.72FOXA ahead
2026-05-22150.65110.31+0.85FOXA ahead
2026-05-21151.31111.11+0.84FOXA ahead
2026-05-20151.00112.66+0.72FOXA ahead
2026-05-19151.99112.08+0.82FOXA ahead
2026-05-18155.10113.34+0.90FOXA ahead
2026-05-15152.70111.53+0.91FOXA ahead
2026-05-14153.80113.57+0.83FOXA ahead
2026-05-13156.51114.42+0.91FOXA ahead
2026-05-12155.78112.97+0.98FOXA ahead
2026-05-11159.45115.55+1.00FOXA ahead
2026-05-08148.20117.65+0.30near the usual relationship
2026-05-07147.61116.44+0.36near the usual relationship
2026-05-06146.48110.44+0.71FOXA ahead
2026-05-05146.53108.87+0.83FOXA ahead
2026-05-04146.83109.83+0.78FOXA ahead
2026-05-01149.16109.54+0.93FOXA ahead
2026-04-30149.49107.06+1.13FOXA ahead
2026-04-29148.20105.99+1.15FOXA ahead
2026-04-28148.69107.17+1.10FOXA ahead
2026-04-27150.36108.01+1.13FOXA ahead
2026-04-24147.99110.36+0.85FOXA ahead
2026-04-23151.94110.45+1.06FOXA ahead
2026-04-22154.37109.45+1.26FOXA ahead
2026-04-21151.42109.45+1.12FOXA ahead
2026-04-20152.46111.97+1.00FOXA ahead
2026-04-17153.21112.71+1.00FOXA ahead
2026-04-16151.92112.03+0.98FOXA ahead
2026-04-15149.89112.69+0.84FOXA ahead
2026-04-14149.31113.07+0.79FOXA ahead
2026-04-13147.04112.95+0.68FOXA ahead
2026-04-10143.68110.58+0.67FOXA ahead
2026-04-09147.77110.41+0.91FOXA ahead
2026-04-08141.79109.82+0.63FOXA ahead
2026-04-07140.45107.75+0.71FOXA ahead
2026-04-06139.63107.37+0.70FOXA ahead
2026-04-02138.03109.44+0.46near the usual relationship
2026-04-01137.65106.33+0.67FOXA ahead
2026-03-31137.51105.90+0.69FOXA ahead
2026-03-30139.23103.10+1.00FOXA ahead
2026-03-27139.18101.68+1.12FOXA ahead
2026-03-26138.07103.81+0.90FOXA ahead
2026-03-25137.72103.75+0.89FOXA ahead
2026-03-24138.36103.89+0.92FOXA ahead
2026-03-23134.87103.06+0.79FOXA ahead
2026-03-20136.14101.42+0.99FOXA ahead
2026-03-19135.81103.90+0.79FOXA ahead
2026-03-18135.74106.10+0.63FOXA ahead
2026-03-17137.27109.39+0.48near the usual relationship
2026-03-16135.41108.61+0.43near the usual relationship
2026-03-13135.13104.21+0.74FOXA ahead
2026-03-12135.95106.12+0.65FOXA ahead
2026-03-11135.88104.95+0.74FOXA ahead
2026-03-10136.94107.14+0.64FOXA ahead
2026-03-09139.53105.16+0.94FOXA ahead
2026-03-06140.76104.35+1.08FOXA ahead
2026-03-05138.19104.61+0.92FOXA ahead
2026-03-04137.56106.48+0.75FOXA ahead
2026-03-03135.06110.63+0.30near the usual relationship
2026-03-02133.72113.47+0.02near the usual relationship
2026-02-27132.66114.09-0.09near the usual relationship
2026-02-26133.79107.80+0.43near the usual relationship
2026-02-25127.43111.22-0.20near the usual relationship
2026-02-24131.81108.58+0.26near the usual relationship
2026-02-23130.30109.38+0.11near the usual relationship
2026-02-20134.26112.41+0.14near the usual relationship
2026-02-19132.23112.24+0.03near the usual relationship
2026-02-18134.61111.40+0.24near the usual relationship
2026-02-17132.87108.05+0.38near the usual relationship
2026-02-13132.68106.56+0.48near the usual relationship
2026-02-12132.87105.63+0.57FOXA ahead
2026-02-11143.89105.90+1.18FOXA ahead
2026-02-10149.21106.79+1.42FOXA ahead
2026-02-09147.99105.14+1.49FOXA ahead
2026-02-06152.53106.19+1.66FOXA ahead
2026-02-05155.22108.57+1.64FOXA ahead
2026-02-04159.48108.37+1.89FOXA ahead
2026-02-03165.46106.84+2.33FOXA ahead
2026-02-02170.43106.50+2.64FOXA ahead
2026-01-30171.37108.40+2.59FOXA ahead
2026-01-29169.15108.63+2.50FOXA ahead
2026-01-28167.51109.65+2.37FOXA ahead
2026-01-27169.46110.97+2.40FOXA ahead
2026-01-26171.23111.72+2.47FOXA ahead
2026-01-23171.60110.48+2.63FOXA ahead
2026-01-22170.31108.86+2.74FOXA ahead
2026-01-21171.18111.48+2.62FOXA ahead
2026-01-20169.44111.07+2.60FOXA ahead
2026-01-16169.51111.20+2.64FOXA ahead
2026-01-15170.83112.73+2.63FOXA ahead
2026-01-14172.10111.41+2.86FOXA ahead
2026-01-13172.43113.09+2.79FOXA ahead
2026-01-12174.15112.82+2.96FOXA ahead
2026-01-09173.49112.46+3.02FOXA ahead
2026-01-08178.22113.85+3.23FOXA ahead
2026-01-07176.67115.50+3.07FOXA ahead
2026-01-06179.21119.27+2.95FOXA ahead
2026-01-05178.17122.38+2.68FOXA ahead
2026-01-02173.68122.12+2.47FOXA ahead
2025-12-31172.05122.71+2.36FOXA ahead
2025-12-30173.53122.33+2.52FOXA ahead
2025-12-29173.82121.87+2.62FOXA ahead
2025-12-26174.95120.99+2.82FOXA ahead
2025-12-24174.03120.62+2.84FOXA ahead
2025-12-23173.56120.48+2.88FOXA ahead
2025-12-22173.35121.24+2.85FOXA ahead
2025-12-19168.99121.05+2.62FOXA ahead
2025-12-18167.79119.68+2.71FOXA ahead
2025-12-17167.58120.69+2.64FOXA ahead
2025-12-16165.67119.32+2.67FOXA ahead
2025-12-15167.72118.14+2.98FOXA ahead
2025-12-12167.41116.80+3.15FOXA ahead
2025-12-11169.11116.58+3.37FOXA ahead
2025-12-10168.92114.97+3.61FOXA ahead
2025-12-09165.53115.22+3.42FOXA ahead
2025-12-08162.96112.81+3.58FOXA ahead
2025-12-05161.05114.85+3.27FOXA ahead
2025-12-04159.62116.18+3.07FOXA ahead
2025-12-03156.46114.96+3.01FOXA ahead
2025-12-02155.99116.31+2.87FOXA ahead
2025-12-01156.32118.09+2.74FOXA ahead
2025-11-28154.23119.56+2.42FOXA ahead
2025-11-26153.17119.13+2.41FOXA ahead
2025-11-25152.41117.28+2.61FOXA ahead
2025-11-24151.40115.92+2.73FOXA ahead
2025-11-21154.67116.49+3.03FOXA ahead
2025-11-20153.38116.73+2.94FOXA ahead
2025-11-19152.53119.56+2.55FOXA ahead
2025-11-18152.96120.49+2.51FOXA ahead
2025-11-17151.99121.74+2.29FOXA ahead
2025-11-14152.67123.08+2.22FOXA ahead
2025-11-13154.09125.47+2.09FOXA ahead
2025-11-12157.08126.57+2.29FOXA ahead
2025-11-11156.44127.06+2.20FOXA ahead
2025-11-10156.65126.88+2.27FOXA ahead
2025-11-07155.33127.06+2.14FOXA ahead
2025-11-06154.72128.57+1.91FOXA ahead
2025-11-05152.53126.32+1.99FOXA ahead
2025-11-04151.94125.50+2.05FOXA ahead
2025-11-03149.80124.15+2.02FOXA ahead
2025-10-31152.23124.38+2.28FOXA ahead
2025-10-30154.25122.71+2.78FOXA ahead
2025-10-29143.18119.54+1.99FOXA ahead
2025-10-28143.89118.40+2.26FOXA ahead
2025-10-27144.27118.14+2.38FOXA ahead
2025-10-24139.82117.90+1.90FOXA ahead
2025-10-23138.47120.85+1.31FOXA ahead
2025-10-22137.93121.80+1.12FOXA ahead
2025-10-21138.29121.00+1.29FOXA ahead
2025-10-20136.99122.10+0.98FOXA ahead
2025-10-17136.73123.26+0.79FOXA ahead
2025-10-16134.21125.04+0.22near the usual relationship
2025-10-15135.51129.01-0.15near the usual relationship
2025-10-14136.83129.20+0.00near the usual relationship
2025-10-13136.80129.58-0.06near the usual relationship
2025-10-10134.85128.55-0.17near the usual relationship
2025-10-09138.62130.66+0.03near the usual relationship
2025-10-08141.65132.96+0.10near the usual relationship
2025-10-07144.83132.93+0.49near the usual relationship
2025-10-06144.53134.94+0.20near the usual relationship
2025-10-03145.89130.58+0.93FOXA ahead
2025-10-02146.13129.73+1.08FOXA ahead
2025-10-01145.73127.65+1.32FOXA ahead
2025-09-30148.48130.11+1.33FOXA ahead
2025-09-29148.06129.90+1.32FOXA ahead
2025-09-26143.98130.71+0.73FOXA ahead
2025-09-25141.82129.50+0.63FOXA ahead
2025-09-24141.65130.52+0.48near the usual relationship
2025-09-23145.07128.38+1.19FOXA ahead
2025-09-22146.97128.05+1.47FOXA ahead
2025-09-19142.74129.14+0.83FOXA ahead
2025-09-18140.90129.15+0.61FOXA ahead
2025-09-17139.44127.08+0.71FOXA ahead
2025-09-16135.32125.19+0.46near the usual relationship
2025-09-15138.38123.23+1.12FOXA ahead
2025-09-12137.16123.87+0.89FOXA ahead
2025-09-11138.29127.23+0.57FOXA ahead
2025-09-10134.66123.16+0.68FOXA ahead
2025-09-09138.07126.42+0.67FOXA ahead
2025-09-08147.12126.86+1.71FOXA ahead
2025-09-05144.81125.50+1.64FOXA ahead
2025-09-04143.18124.15+1.65FOXA ahead
2025-09-03141.46124.61+1.39FOXA ahead
2025-09-02143.75125.90+1.50FOXA ahead
2025-08-29140.57124.44+1.33FOXA ahead
2025-08-28140.00124.65+1.24FOXA ahead
2025-08-27140.15124.34+1.31FOXA ahead
2025-08-26139.09126.36+0.90FOXA ahead
2025-08-25140.73127.59+0.94FOXA ahead
2025-08-22139.91128.23+0.76FOXA ahead
2025-08-21138.99126.27+0.92FOXA ahead
2025-08-20138.85126.64+0.86FOXA ahead
2025-08-19136.92126.66+0.62FOXA ahead
2025-08-18135.55125.57+0.60FOXA ahead
2025-08-15137.41123.85+1.08FOXA ahead
2025-08-14141.02122.90+1.68FOXA ahead
2025-08-13139.20124.63+1.22FOXA ahead
2025-08-12132.16120.30+0.94FOXA ahead
2025-08-11128.33118.55+0.69FOXA ahead
2025-08-08127.20119.58+0.39near the usual relationship
2025-08-07126.84120.95+0.16near the usual relationship
2025-08-06127.62124.18-0.18near the usual relationship
2025-08-05129.24122.47+0.28near the usual relationship
2025-08-04134.17123.64+0.75FOXA ahead
2025-08-01130.77123.24+0.38near the usual relationship
2025-07-31131.29125.00+0.23near the usual relationship
2025-07-30130.59127.78-0.20near the usual relationship
2025-07-29131.67126.13+0.14near the usual relationship
2025-07-28132.80127.45+0.12near the usual relationship
2025-07-25133.44127.91+0.15near the usual relationship
2025-07-24132.49128.72-0.05near the usual relationship
2025-07-23132.96130.29-0.17near the usual relationship
2025-07-22131.65128.21-0.07near the usual relationship
2025-07-21130.61128.11-0.16near the usual relationship
2025-07-18132.45128.89-0.04near the usual relationship
2025-07-17132.78128.65+0.04near the usual relationship
2025-07-16131.10126.21+0.14near the usual relationship
2025-07-15130.99125.69+0.19near the usual relationship
2025-07-14131.76128.54-0.04near the usual relationship
2025-07-11129.76128.70-0.26near the usual relationship
2025-07-10133.58129.55+0.06near the usual relationship
2025-07-09130.00126.36+0.04near the usual relationship
2025-07-08129.72126.49+0.00near the usual relationship
2025-07-07129.15128.39-0.26near the usual relationship
2025-07-03132.45128.30+0.10near the usual relationship
2025-07-02129.81127.68-0.10near the usual relationship
2025-07-01131.79126.83+0.20near the usual relationship
2025-06-30131.95130.17-0.12near the usual relationship
2025-06-27133.72131.13-0.03near the usual relationship
2025-06-26133.46130.52+0.01near the usual relationship
2025-06-25131.83129.30-0.02near the usual relationship
2025-06-24131.62130.78-0.19near the usual relationship
2025-06-23132.05129.90-0.05near the usual relationship
2025-06-20130.09128.87-0.13near the usual relationship
2025-06-18128.82127.02-0.06near the usual relationship
2025-06-17127.34123.58+0.15near the usual relationship
2025-06-16130.26121.51+0.65FOXA ahead
2025-06-13126.42120.48+0.39near the usual relationship
2025-06-12126.72121.36+0.33near the usual relationship
2025-06-11128.70120.85+0.58FOXA ahead
2025-06-10128.87121.77+0.51FOXA ahead
2025-06-09127.38121.67+0.39near the usual relationship
2025-06-06128.02123.29+0.29near the usual relationship
2025-06-05126.77122.05+0.30near the usual relationship
2025-06-04127.20121.39+0.42near the usual relationship
2025-06-03130.14120.17+0.82FOXA ahead
2025-06-02129.83121.39+0.67FOXA ahead
2025-05-30129.36120.24+0.75FOXA ahead
2025-05-29128.91118.88+0.85FOXA ahead
2025-05-28132.21118.92+1.15FOXA ahead
2025-05-27131.39120.45+0.94FOXA ahead
2025-05-23129.60121.19+0.71FOXA ahead
2025-05-22129.46121.09+0.71FOXA ahead
2025-05-21129.83121.69+0.69FOXA ahead
2025-05-20133.04120.63+1.08FOXA ahead
2025-05-19131.41120.32+0.98FOXA ahead
2025-05-16132.05120.47+1.03FOXA ahead
2025-05-15130.59120.47+0.91FOXA ahead
2025-05-14128.66120.70+0.72FOXA ahead
2025-05-13130.07120.18+0.90FOXA ahead
2025-05-12123.43117.23+0.60FOXA ahead
2025-05-09118.30118.76-0.03near the usual relationship
2025-05-08118.72116.98+0.19near the usual relationship
2025-05-07119.64116.52+0.33near the usual relationship
2025-05-06116.65113.81+0.31near the usual relationship
2025-05-05115.99114.50+0.19near the usual relationship
2025-05-02116.48113.85+0.31near the usual relationship
2025-05-01115.89112.01+0.44near the usual relationship
2025-04-30117.24110.45+0.72FOXA ahead
2025-04-29116.86111.21+0.62FOXA ahead
2025-04-28116.58109.39+0.78FOXA ahead
2025-04-25116.20109.16+0.77FOXA ahead
2025-04-24115.42108.47+0.77FOXA ahead
2025-04-23114.57107.86+0.76FOXA ahead
2025-04-22113.49105.09+0.94FOXA ahead
2025-04-21111.16103.66+0.88FOXA ahead
2025-04-17112.95103.13+1.11FOXA ahead
2025-04-16113.6399.36+1.58FOXA ahead
2025-04-15117.8799.98+1.92FOXA ahead
2025-04-14116.6297.77+2.06FOXA ahead
2025-04-11115.1296.15+2.13FOXA ahead
2025-04-10116.6097.62+2.13FOXA ahead
2025-04-09121.29102.13+2.09FOXA ahead
2025-04-08111.7398.83+1.57FOXA ahead
2025-04-07114.3298.49+1.87FOXA ahead
2025-04-04117.09100.27+1.96FOXA ahead
2025-04-03122.04108.01+1.62FOXA ahead
2025-04-02134.31112.17+2.29FOXA ahead
2025-04-01131.43110.72+2.22FOXA ahead
2025-03-31133.27112.12+2.27FOXA ahead
2025-03-28128.87110.77+2.05FOXA ahead
2025-03-27129.31111.31+2.05FOXA ahead
2025-03-26130.00111.11+2.16FOXA ahead
2025-03-25129.41111.83+2.05FOXA ahead
2025-03-24125.71110.84+1.84FOXA ahead
2025-03-21125.74106.98+2.27FOXA ahead
2025-03-20125.29108.46+2.10FOXA ahead
2025-03-19124.65109.97+1.89FOXA ahead
2025-03-18123.33109.03+1.88FOXA ahead
2025-03-17123.52109.19+1.89FOXA ahead
2025-03-14123.10107.08+2.09FOXA ahead
2025-03-13120.18103.99+2.17FOXA ahead
2025-03-12123.17105.38+2.31FOXA ahead
2025-03-11124.13105.61+2.39FOXA ahead
2025-03-10127.43106.07+2.67FOXA ahead
2025-03-07131.08111.19+2.47FOXA ahead
2025-03-06130.37115.25+2.00FOXA ahead
2025-03-05132.66116.24+2.11FOXA ahead
2025-03-04132.38113.44+2.39FOXA ahead
2025-03-03134.28116.67+2.25FOXA ahead
2025-02-28135.63120.12+2.06FOXA ahead
2025-02-27132.82114.50+2.39FOXA ahead
2025-02-26133.84118.26+2.14FOXA ahead
2025-02-25134.00117.43+2.26FOXA ahead
2025-02-24136.57120.83+2.18FOXA ahead
2025-02-21134.09120.63+2.00FOXA ahead
2025-02-20135.11121.89+1.99FOXA ahead
2025-02-19135.30122.43+1.98FOXA ahead
2025-02-18132.54121.05+1.89FOXA ahead
2025-02-14130.99122.70+1.61FOXA ahead
2025-02-13130.56127.30+1.14FOXA ahead
2025-02-12128.80125.69+1.14FOXA ahead
2025-02-11125.71124.65+0.96FOXA ahead
2025-02-10125.38124.00+0.99FOXA ahead
2025-02-07124.30124.60+0.84FOXA ahead
2025-02-06125.36124.63+0.94FOXA ahead
2025-02-05128.40118.45+1.85FOXA ahead
2025-02-04128.66118.61+1.88FOXA ahead
2025-02-03122.32119.21+1.22FOXA ahead
2025-01-31120.51119.21+1.05FOXA ahead
2025-01-30120.13119.67+0.97FOXA ahead
2025-01-29118.74117.59+1.05FOXA ahead
2025-01-28117.82118.65+0.86FOXA ahead
2025-01-27118.08116.75+1.09FOXA ahead
2025-01-24115.54115.65+0.94FOXA ahead
2025-01-23114.34114.16+0.98FOXA ahead
2025-01-22113.35113.34+0.97FOXA ahead
2025-01-21112.79113.33+0.91FOXA ahead
2025-01-17113.02113.60+0.91FOXA ahead
2025-01-16113.77112.11+1.16FOXA ahead
2025-01-15114.29113.53+1.07FOXA ahead
2025-01-14114.95115.46+0.94FOXA ahead
2025-01-13113.47114.72+0.86FOXA ahead
2025-01-10113.47113.64+0.99FOXA ahead
2025-01-08115.30116.39+0.89FOXA ahead
2025-01-07115.92114.79+1.14FOXA ahead
2025-01-06116.86114.82+1.24FOXA ahead
2025-01-03116.13114.70+1.19FOXA ahead
2025-01-02115.35114.74+1.11FOXA ahead
2024-12-31114.39115.42+0.93FOXA ahead
2024-12-30115.00117.09+0.83FOXA ahead
2024-12-27116.48116.99+1.01FOXA ahead
2024-12-26117.33118.66+0.92FOXA ahead
2024-12-24117.71118.29+1.01FOXA ahead
2024-12-23116.44117.51+0.96FOXA ahead
2024-12-20116.62117.38+1.01FOXA ahead
2024-12-19115.00117.90+0.78FOXA ahead
2024-12-18116.39115.32+1.22FOXA ahead
2024-12-17115.54118.21+0.82FOXA ahead
2024-12-16110.81118.95+0.21near the usual relationship
2024-12-13110.85118.45+0.28near the usual relationship
2024-12-12111.47118.04+0.39near the usual relationship
2024-12-11108.48116.79+0.19near the usual relationship
2024-12-10109.18112.69+0.73FOXA ahead
2024-12-09108.85113.53+0.60FOXA ahead
2024-12-06110.67116.95+0.43near the usual relationship
2024-12-05109.84115.62+0.49near the usual relationship
2024-12-04109.02114.09+0.56FOXA ahead
2024-12-03109.28110.24+1.04FOXA ahead
2024-12-02110.12110.89+1.07FOXA ahead
2024-11-29110.95110.06+1.27FOXA ahead
2024-11-27109.98110.53+1.11FOXA ahead
2024-11-26108.66109.08+1.13FOXA ahead
2024-11-25108.50109.48+1.08FOXA ahead
2024-11-22110.31104.85+1.87FOXA ahead
2024-11-21109.82106.04+1.68FOXA ahead
2024-11-20107.61104.72+1.59FOXA ahead
2024-11-19107.75101.20+2.08FOXA ahead
2024-11-18106.85100.24+2.13FOXA ahead
2024-11-15107.46101.66+2.04FOXA ahead
2024-11-14111.80105.26+2.13FOXA ahead
2024-11-13110.03106.61+1.76FOXA ahead
2024-11-12110.43100.85+2.61FOXA ahead
2024-11-11107.82101.41+2.23FOXA ahead
2024-11-08105.02101.46+1.89FOXA ahead
2024-11-07105.18100.32+2.09FOXA ahead
2024-11-06107.09103.21+1.96FOXA ahead
2024-11-05102.66101.40+1.63FOXA ahead
2024-11-04101.2599.66+1.70FOXA ahead
2024-11-0198.61100.46+1.21FOXA ahead
2024-10-3198.8999.45+1.41FOXA ahead
2024-10-3098.96100.47+1.29FOXA ahead
2024-10-2998.89100.81+1.24FOXA ahead
2024-10-2898.9299.73+1.41FOXA ahead
2024-10-2598.2198.59+1.49FOXA ahead
2024-10-2498.2198.90+1.45FOXA ahead
2024-10-2398.5698.70+1.55FOXA ahead
2024-10-2299.4399.88+1.52FOXA ahead
2024-10-2199.0198.70+1.65FOXA ahead
2024-10-18100.00100.00+1.62FOXA ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Feb 6, 2025 (FOXA -2.4%, FWONK +5.2%); Feb 12, 2026 (FOXA -7.7%, FWONK -0.3%); Feb 26, 2026 (FOXA +5.0%, FWONK -3.1%); May 11, 2026 (FOXA +7.6%, FWONK -1.8%); Jun 15, 2026 (FOXA -16.8%, FWONK +1.3%). Upcoming earnings: FOXA Nov 2, 2026 (pre-market); FWONK Nov 5, 2026 (pre-market).

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

FOXA and FWONK at a glance

FOXA Fox Corporation

Listing
Nasdaq · SEC CIK 1754301
Industry
Broadcasting · SIC 4833 Television Broadcasting Stations
Market value
$27.5B
Price history
1,924 daily closes, Feb 28, 2019 to Oct 22, 2026

FWONK Liberty Media Corporation Series C

Listing
Nasdaq · SEC CIK 1560385
Industry
Broadcasting · SIC 4833 Television Broadcasting Stations
Market value
$22.5B
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 →
PairStatusAhead nowIndustry
SKYD / FOXAWatchlistFOXA by 1.38 sdBroadcasting
SKYD / FWONKWatchlistFWONK by 0.74 sdSIC 4833 Television Broadcasting Stations
SPOT / FOXAWatchlistSPOT by 0.41 sdBroadcasting

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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.