Medical Electronics

GE HealthCare Technologies Inc. vs Koninklijke Philips N.V. NY Registry Shares

WatchlistGEHC / PHGPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($32B vs $25B) in Nasdaq's "Medical Electronics" industry; SEC SIC 3844 / 3844 (same major group); #1 and #2 by market value ($32B vs $25B) with SEC SIC 3844 (X-Ray Apparatus & Tubes & Related Irradiation Apparatus).

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: 0.52 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.96 (needs <= -2.873 (5% critical value))
Business leadership

Business size

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

YearGEHCPHGLarger
2025$20.6B--
2024$19.7B--
2023$19.6B--
2022$18.3B--
2021$17.6B--

Market value: GEHC $31.5B, PHG $25.1B.

Stock leadership

Neither is clearly ahead

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

The gap is 0.13 standard deviations, close to the usual relationship. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
GEHC+17.9%+2.2%-6.1%
PHG+2.9%-2.6%-5.2%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 966 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.52 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.96 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 21.56 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

GEHC GE HealthCare Technologies Inc. PHG Koninklijke Philips N.V. NY Registry SharesPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
80100Oct 2024Oct 2025Oct 2026GEHC 78PHG 84
Spread z-score: GEHC relative to PHG, against the 252 sessions before each day. Above 0: GEHC ahead; below 0: PHG ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateGEHC indexPHG indexzAhead
2026-10-2278.1983.99+0.13near the usual relationship
2026-10-2175.5581.84+0.02near the usual relationship
2026-10-2076.8981.12+0.36near the usual relationship
2026-10-1976.3779.56+0.53GEHC ahead
2026-10-1676.1780.31+0.37near the usual relationship
2026-10-1577.0279.53+0.64GEHC ahead
2026-10-1474.9678.00+0.55GEHC ahead
2026-10-1375.3177.66+0.67GEHC ahead
2026-10-1274.1677.19+0.55GEHC ahead
2026-10-0971.9775.63+0.43near the usual relationship
2026-10-0870.3175.82+0.10near the usual relationship
2026-10-0770.8075.16+0.30near the usual relationship
2026-10-0670.9175.35+0.28near the usual relationship
2026-10-0571.9774.60+0.60GEHC ahead
2026-10-0270.3974.63+0.31near the usual relationship
2026-10-0170.0574.29+0.30near the usual relationship
2026-09-3071.5776.22+0.25near the usual relationship
2026-09-2972.7677.29+0.28near the usual relationship
2026-09-2873.1178.35+0.17near the usual relationship
2026-09-2572.9577.88+0.22near the usual relationship
2026-09-2472.6776.60+0.38near the usual relationship
2026-09-2372.3676.29+0.38near the usual relationship
2026-09-2272.5577.91+0.15near the usual relationship
2026-09-2170.9577.69-0.10near the usual relationship
2026-09-1870.2177.00-0.13near the usual relationship
2026-09-1770.5677.00-0.07near the usual relationship
2026-09-1669.5177.16-0.29near the usual relationship
2026-09-1570.1477.69-0.26near the usual relationship
2026-09-1470.3478.25-0.32near the usual relationship
2026-09-1169.9976.72-0.13near the usual relationship
2026-09-1070.3376.76-0.08near the usual relationship
2026-09-0971.3578.07-0.12near the usual relationship
2026-09-0873.1178.91+0.05near the usual relationship
2026-09-0475.3980.78+0.15near the usual relationship
2026-09-0376.3381.28+0.23near the usual relationship
2026-09-0277.2582.28+0.22near the usual relationship
2026-09-0177.1082.96+0.09near the usual relationship
2026-08-3177.9882.90+0.25near the usual relationship
2026-08-2878.5383.37+0.26near the usual relationship
2026-08-2779.3583.99+0.30near the usual relationship
2026-08-2680.2684.21+0.41near the usual relationship
2026-08-2580.9285.59+0.31near the usual relationship
2026-08-2481.2285.87+0.32near the usual relationship
2026-08-2181.9185.55+0.47near the usual relationship
2026-08-2081.0885.80+0.31near the usual relationship
2026-08-1981.6986.18+0.35near the usual relationship
2026-08-1879.5284.56+0.25near the usual relationship
2026-08-1779.2383.68+0.33near the usual relationship
2026-08-1480.6885.15+0.34near the usual relationship
2026-08-1380.7985.43+0.32near the usual relationship
2026-08-1279.1383.62+0.32near the usual relationship
2026-08-1179.6584.40+0.29near the usual relationship
2026-08-1079.8684.06+0.37near the usual relationship
2026-08-0778.5783.40+0.27near the usual relationship
2026-08-0676.9882.15+0.20near the usual relationship
2026-08-0576.9082.96+0.06near the usual relationship
2026-08-0476.9282.59+0.12near the usual relationship
2026-08-0376.3481.84+0.14near the usual relationship
2026-07-3174.4782.06-0.21near the usual relationship
2026-07-3076.5782.50+0.08near the usual relationship
2026-07-2978.7281.44+0.58GEHC ahead
2026-07-2870.1979.72-0.60PHG ahead
2026-07-2766.9178.07-0.94PHG ahead
2026-07-2466.3281.65-1.63PHG ahead
2026-07-2367.8781.22-1.28PHG ahead
2026-07-2267.2381.97-1.52PHG ahead
2026-07-2167.9282.93-1.55PHG ahead
2026-07-2068.7983.46-1.48PHG ahead
2026-07-1769.0584.09-1.54PHG ahead
2026-07-1671.9385.15-1.20PHG ahead
2026-07-1569.1984.31-1.56PHG ahead
2026-07-1467.5181.31-1.43PHG ahead
2026-07-1371.5085.30-1.32PHG ahead
2026-07-1070.8385.49-1.47PHG ahead
2026-07-0970.8385.05-1.41PHG ahead
2026-07-0870.8186.05-1.57PHG ahead
2026-07-0771.0488.08-1.82PHG ahead
2026-07-0670.9987.86-1.82PHG ahead
2026-07-0271.7886.55-1.51PHG ahead
2026-07-0171.0184.87-1.42PHG ahead
2026-06-3070.0884.84-1.58PHG ahead
2026-06-2971.2284.90-1.41PHG ahead
2026-06-2671.9984.56-1.24PHG ahead
2026-06-2571.1085.15-1.48PHG ahead
2026-06-2471.0383.40-1.25PHG ahead
2026-06-2369.7683.03-1.42PHG ahead
2026-06-2266.3984.18-2.19PHG ahead
2026-06-1867.4383.56-1.93PHG ahead
2026-06-1766.9581.87-1.79PHG ahead
2026-06-1669.2283.62-1.65PHG ahead
2026-06-1570.9083.28-1.33PHG ahead
2026-06-1271.3682.56-1.16PHG ahead
2026-06-1170.6381.47-1.14PHG ahead
2026-06-1069.8180.09-1.08PHG ahead
2026-06-0972.2782.68-1.06PHG ahead
2026-06-0870.8080.56-1.00PHG ahead
2026-06-0570.8081.47-1.14PHG ahead
2026-06-0469.8681.09-1.25PHG ahead
2026-06-0367.9179.10-1.30PHG ahead
2026-06-0267.8779.34-1.36PHG ahead
2026-06-0168.6381.37-1.53PHG ahead
2026-05-2968.2582.34-1.75PHG ahead
2026-05-2868.8282.53-1.69PHG ahead
2026-05-2769.9483.00-1.59PHG ahead
2026-05-2670.2684.06-1.70PHG ahead
2026-05-2270.3284.09-1.71PHG ahead
2026-05-2170.4384.71-1.80PHG ahead
2026-05-2070.3583.43-1.65PHG ahead
2026-05-1967.4281.28-1.86PHG ahead
2026-05-1867.3481.28-1.90PHG ahead
2026-05-1566.5278.72-1.67PHG ahead
2026-05-1468.6179.56-1.44PHG ahead
2026-05-1367.7679.97-1.67PHG ahead
2026-05-1268.2084.27-2.26PHG ahead
2026-05-1167.5583.40-2.28PHG ahead
2026-05-0869.4984.90-2.18PHG ahead
2026-05-0767.1684.74-2.63PHG ahead
2026-05-0667.5984.96-2.63PHG ahead
2026-05-0566.8382.53-2.44PHG ahead
2026-05-0466.7881.87-2.37PHG ahead
2026-05-0166.8281.62-2.36PHG ahead
2026-04-3066.6182.18-2.53PHG ahead
2026-04-2965.1279.81-2.48PHG ahead
2026-04-2874.9984.62-1.37PHG ahead
2026-04-2777.1685.93-1.20PHG ahead
2026-04-2475.3685.71-1.49PHG ahead
2026-04-2376.5286.21-1.37PHG ahead
2026-04-2278.1588.11-1.38PHG ahead
2026-04-2179.1188.86-1.33PHG ahead
2026-04-2081.1891.08-1.32PHG ahead
2026-04-1781.7492.67-1.47PHG ahead
2026-04-1680.1489.33-1.24PHG ahead
2026-04-1580.4890.76-1.41PHG ahead
2026-04-1481.7590.76-1.20PHG ahead
2026-04-1380.8389.08-1.11PHG ahead
2026-04-1080.1288.33-1.12PHG ahead
2026-04-0979.8287.77-1.09PHG ahead
2026-04-0880.7487.52-0.89PHG ahead
2026-04-0776.3484.27-1.15PHG ahead
2026-04-0677.0784.87-1.13PHG ahead
2026-04-0277.0284.59-1.10PHG ahead
2026-04-0178.8085.15-0.88PHG ahead
2026-03-3177.9385.49-1.10PHG ahead
2026-03-3075.2982.78-1.13PHG ahead
2026-03-2775.7983.56-1.18PHG ahead
2026-03-2678.3284.68-0.92PHG ahead
2026-03-2579.0585.62-0.95PHG ahead
2026-03-2477.6983.40-0.83PHG ahead
2026-03-2378.4483.65-0.75PHG ahead
2026-03-2076.2581.90-0.85PHG ahead
2026-03-1977.0583.81-1.03PHG ahead
2026-03-1876.9185.40-1.32PHG ahead
2026-03-1779.2088.30-1.39PHG ahead
2026-03-1679.0188.14-1.41PHG ahead
2026-03-1377.4886.71-1.46PHG ahead
2026-03-1277.0088.17-1.79PHG ahead
2026-03-1179.5489.89-1.62PHG ahead
2026-03-1079.6390.33-1.69PHG ahead
2026-03-0982.8091.79-1.39PHG ahead
2026-03-0681.3190.27-1.42PHG ahead
2026-03-0584.4292.54-1.26PHG ahead
2026-03-0486.5196.51-1.50PHG ahead
2026-03-0385.5494.66-1.40PHG ahead
2026-03-0287.7697.22-1.42PHG ahead
2026-02-2792.2699.84-1.11PHG ahead
2026-02-2691.88100.09-1.20PHG ahead
2026-02-2592.0098.25-0.95PHG ahead
2026-02-2492.0298.28-0.95PHG ahead
2026-02-2391.8197.41-0.86PHG ahead
2026-02-2092.2297.54-0.83PHG ahead
2026-02-1990.8896.60-0.89PHG ahead
2026-02-1890.8198.22-1.12PHG ahead
2026-02-1789.3597.41-1.22PHG ahead
2026-02-1387.9697.50-1.44PHG ahead
2026-02-1286.1198.00-1.78PHG ahead
2026-02-1186.71100.06-1.98PHG ahead
2026-02-1086.73102.68-2.33PHG ahead
2026-02-0986.5892.42-1.04PHG ahead
2026-02-0688.3091.92-0.73PHG ahead
2026-02-0590.1190.11-0.23near the usual relationship
2026-02-0490.4691.98-0.45near the usual relationship
2026-02-0386.2590.55-0.85PHG ahead
2026-02-0287.7190.17-0.60PHG ahead
2026-01-3086.4689.55-0.69PHG ahead
2026-01-2986.2591.26-0.97PHG ahead
2026-01-2886.7790.55-0.80PHG ahead
2026-01-2787.9492.11-0.85PHG ahead
2026-01-2687.8891.23-0.75PHG ahead
2026-01-2387.3391.73-0.90PHG ahead
2026-01-2289.6592.79-0.73PHG ahead
2026-01-2188.7991.14-0.63PHG ahead
2026-01-2086.3088.89-0.68PHG ahead
2026-01-1689.5092.29-0.70PHG ahead
2026-01-1590.3394.13-0.83PHG ahead
2026-01-1493.3993.92-0.41near the usual relationship
2026-01-1392.8192.45-0.31near the usual relationship
2026-01-1295.1492.98-0.09near the usual relationship
2026-01-0995.5692.29+0.05near the usual relationship
2026-01-0896.5291.83+0.22near the usual relationship
2026-01-0793.8990.86+0.02near the usual relationship
2026-01-0694.9589.55+0.32near the usual relationship
2026-01-0593.1087.43+0.37near the usual relationship
2026-01-0290.6784.46+0.46near the usual relationship
2025-12-3189.8084.49+0.34near the usual relationship
2025-12-3091.2385.46+0.39near the usual relationship
2025-12-2991.0385.05+0.42near the usual relationship
2025-12-2691.5484.59+0.55GEHC ahead
2025-12-2491.3084.18+0.57GEHC ahead
2025-12-2391.2283.87+0.61GEHC ahead
2025-12-2291.9083.71+0.72GEHC ahead
2025-12-1990.7583.18+0.64GEHC ahead
2025-12-1890.3482.65+0.66GEHC ahead
2025-12-1790.1981.53+0.80GEHC ahead
2025-12-1690.0582.78+0.61GEHC ahead
2025-12-1592.4682.56+0.95GEHC ahead
2025-12-1291.9283.06+0.81GEHC ahead
2025-12-1194.2184.27+0.93GEHC ahead
2025-12-1092.4884.24+0.72GEHC ahead
2025-12-0990.9083.65+0.60GEHC ahead
2025-12-0890.9783.93+0.56GEHC ahead
2025-12-0593.5684.40+0.83GEHC ahead
2025-12-0490.3483.18+0.59GEHC ahead
2025-12-0391.5287.49+0.15near the usual relationship
2025-12-0287.8388.08-0.41near the usual relationship
2025-12-0186.7588.36-0.60PHG ahead
2025-11-2887.5787.86-0.42near the usual relationship
2025-11-2688.2787.58-0.30near the usual relationship
2025-11-2587.5486.90-0.31near the usual relationship
2025-11-2485.6685.40-0.36near the usual relationship
2025-11-2183.7085.05-0.59PHG ahead
2025-11-2081.8483.34-0.62PHG ahead
2025-11-1979.1784.43-1.17PHG ahead
2025-11-1877.7585.77-1.57PHG ahead
2025-11-1777.3387.30-1.86PHG ahead
2025-11-1480.0989.45-1.75PHG ahead
2025-11-1380.9890.23-1.74PHG ahead
2025-11-1282.0991.67-1.79PHG ahead
2025-11-1180.3791.51-2.04PHG ahead
2025-11-1080.4588.14-1.60PHG ahead
2025-11-0779.9887.89-1.65PHG ahead
2025-11-0681.2088.11-1.51PHG ahead
2025-11-0582.7887.58-1.22PHG ahead
2025-11-0481.3487.43-1.42PHG ahead
2025-11-0381.5384.90-1.05PHG ahead
2025-10-3182.0685.24-1.03PHG ahead
2025-10-3082.1185.09-1.00PHG ahead
2025-10-2984.7286.12-0.77PHG ahead
2025-10-2886.9385.18-0.33near the usual relationship
2025-10-2785.7890.14-1.17PHG ahead
2025-10-2485.5589.95-1.18PHG ahead
2025-10-2384.5990.51-1.40PHG ahead
2025-10-2283.3689.14-1.40PHG ahead
2025-10-2183.3288.58-1.33PHG ahead
2025-10-2082.6488.83-1.48PHG ahead
2025-10-1781.0788.99-1.74PHG ahead
2025-10-1680.3488.39-1.79PHG ahead
2025-10-1580.1686.77-1.59PHG ahead
2025-10-1479.2084.71-1.45PHG ahead
2025-10-1378.6585.80-1.71PHG ahead
2025-10-1077.7485.27-1.79PHG ahead
2025-10-0981.2687.46-1.57PHG ahead
2025-10-0882.2588.14-1.52PHG ahead
2025-10-0781.5586.83-1.44PHG ahead
2025-10-0683.6587.49-1.22PHG ahead
2025-10-0383.8287.36-1.18PHG ahead
2025-10-0284.1086.65-1.04PHG ahead
2025-10-0182.6786.24-1.20PHG ahead
2025-09-3082.2285.05-1.10PHG ahead
2025-09-2980.0283.96-1.29PHG ahead
2025-09-2679.3383.68-1.36PHG ahead
2025-09-2578.2882.87-1.42PHG ahead
2025-09-2480.9985.49-1.39PHG ahead
2025-09-2381.6786.74-1.48PHG ahead
2025-09-2281.8687.52-1.58PHG ahead
2025-09-1982.0187.64-1.58PHG ahead
2025-09-1881.0288.21-1.84PHG ahead
2025-09-1783.9087.11-1.22PHG ahead
2025-09-1684.8387.55-1.14PHG ahead
2025-09-1585.1387.89-1.15PHG ahead
2025-09-1283.6987.99-1.40PHG ahead
2025-09-1185.3589.30-1.34PHG ahead
2025-09-1083.1988.21-1.52PHG ahead
2025-09-0986.1787.80-1.00PHG ahead
2025-09-0885.5786.93-0.96PHG ahead
2025-09-0582.9187.15-1.42PHG ahead
2025-09-0481.1586.52-1.62PHG ahead
2025-09-0379.2484.71-1.66PHG ahead
2025-09-0278.3984.43-1.77PHG ahead
2025-08-2980.7286.05-1.64PHG ahead
2025-08-2880.7186.05-1.65PHG ahead
2025-08-2781.3086.40-1.61PHG ahead
2025-08-2681.1186.77-1.71PHG ahead
2025-08-2581.6686.12-1.53PHG ahead
2025-08-2282.3588.42-1.79PHG ahead
2025-08-2180.0985.62-1.74PHG ahead
2025-08-2080.8786.61-1.78PHG ahead
2025-08-1980.9886.02-1.68PHG ahead
2025-08-1880.1185.65-1.79PHG ahead
2025-08-1580.3685.71-1.77PHG ahead
2025-08-1480.6484.96-1.61PHG ahead
2025-08-1382.4785.15-1.32PHG ahead
2025-08-1281.4684.21-1.34PHG ahead
2025-08-1179.9283.24-1.45PHG ahead
2025-08-0878.8383.74-1.75PHG ahead
2025-08-0777.8483.03-1.82PHG ahead
2025-08-0676.5981.75-1.85PHG ahead
2025-08-0577.4582.28-1.80PHG ahead
2025-08-0477.3483.37-2.04PHG ahead
2025-08-0176.4782.56-2.08PHG ahead
2025-07-3178.0881.75-1.63PHG ahead
2025-07-3078.4383.65-1.93PHG ahead
2025-07-2985.0987.43-1.38PHG ahead
2025-07-2885.1180.06-0.04near the usual relationship
2025-07-2584.9781.62-0.36near the usual relationship
2025-07-2484.0580.62-0.34near the usual relationship
2025-07-2384.5780.66-0.26near the usual relationship
2025-07-2283.7478.07+0.09near the usual relationship
2025-07-2181.1976.57-0.09near the usual relationship
2025-07-1883.1676.76+0.23near the usual relationship
2025-07-1783.4776.79+0.28near the usual relationship
2025-07-1682.6076.07+0.27near the usual relationship
2025-07-1581.4475.23+0.22near the usual relationship
2025-07-1481.5175.01+0.28near the usual relationship
2025-07-1182.2574.98+0.43near the usual relationship
2025-07-1083.7576.94+0.31near the usual relationship
2025-07-0982.6775.29+0.45near the usual relationship
2025-07-0882.3375.13+0.42near the usual relationship
2025-07-0781.6874.38+0.46near the usual relationship
2025-07-0383.2875.41+0.54GEHC ahead
2025-07-0283.3476.51+0.34near the usual relationship
2025-07-0183.1575.51+0.50GEHC ahead
2025-06-3081.0974.82+0.26near the usual relationship
2025-06-2781.4375.32+0.23near the usual relationship
2025-06-2681.9675.13+0.36near the usual relationship
2025-06-2579.6574.63+0.03near the usual relationship
2025-06-2478.8074.57-0.12near the usual relationship
2025-06-2377.9170.76+0.51GEHC ahead
2025-06-2078.0469.55+0.80GEHC ahead
2025-06-1878.7168.83+1.09GEHC ahead
2025-06-1777.8868.99+0.90GEHC ahead
2025-06-1679.7771.26+0.78GEHC ahead
2025-06-1379.1070.98+0.72GEHC ahead
2025-06-1280.0473.70+0.33near the usual relationship
2025-06-1180.3673.70+0.40near the usual relationship
2025-06-1080.9374.35+0.37near the usual relationship
2025-06-0978.4773.26+0.13near the usual relationship
2025-06-0678.4173.20+0.13near the usual relationship
2025-06-0578.3372.79+0.21near the usual relationship
2025-06-0477.8771.70+0.35near the usual relationship
2025-06-0377.9171.14+0.48near the usual relationship
2025-06-0276.8071.17+0.26near the usual relationship
2025-05-3077.2371.89+0.20near the usual relationship
2025-05-2978.3171.64+0.46near the usual relationship
2025-05-2877.9071.54+0.41near the usual relationship
2025-05-2777.7472.01+0.28near the usual relationship
2025-05-2375.7270.36+0.23near the usual relationship
2025-05-2276.0271.98-0.05near the usual relationship
2025-05-2176.1873.10-0.25near the usual relationship
2025-05-2078.6674.76-0.10near the usual relationship
2025-05-1980.0374.48+0.21near the usual relationship
2025-05-1680.0674.98+0.12near the usual relationship
2025-05-1579.8275.76-0.08near the usual relationship
2025-05-1479.7574.51+0.15near the usual relationship
2025-05-1380.8375.57+0.14near the usual relationship
2025-05-1281.1478.13-0.31near the usual relationship
2025-05-0976.4976.57-0.90PHG ahead
2025-05-0877.1875.10-0.47near the usual relationship
2025-05-0775.3474.54-0.73PHG ahead
2025-05-0673.4575.16-1.25PHG ahead
2025-05-0575.9580.00-1.70PHG ahead
2025-05-0277.2279.84-1.43PHG ahead
2025-05-0174.0977.94-1.70PHG ahead
2025-04-3077.0079.10-1.30PHG ahead
2025-04-2974.5578.10-1.55PHG ahead
2025-04-2874.5278.81-1.64PHG ahead
2025-04-2574.9178.10-1.42PHG ahead
2025-04-2473.4477.13-1.50PHG ahead
2025-04-2371.0476.32-1.75PHG ahead
2025-04-2267.5075.32-2.18PHG ahead
2025-04-2166.2172.67-1.95PHG ahead
2025-04-1768.2873.67-1.73PHG ahead
2025-04-1667.3174.01-1.93PHG ahead
2025-04-1569.0874.35-1.67PHG ahead
2025-04-1470.4974.23-1.42PHG ahead
2025-04-1168.7773.04-1.50PHG ahead
2025-04-1068.1870.55-1.23PHG ahead
2025-04-0971.1474.17-1.29PHG ahead
2025-04-0864.3267.61-1.36PHG ahead
2025-04-0766.7767.93-1.04PHG ahead
2025-04-0466.2568.89-1.25PHG ahead
2025-04-0378.8374.45-0.36near the usual relationship
2025-04-0286.8877.50+0.14near the usual relationship
2025-04-0187.1178.72+0.01near the usual relationship
2025-03-3188.3679.25+0.06near the usual relationship
2025-03-2887.6080.00-0.11near the usual relationship
2025-03-2789.4080.16+0.03near the usual relationship
2025-03-2688.6878.44+0.13near the usual relationship
2025-03-2590.2879.47+0.15near the usual relationship
2025-03-2489.4579.41+0.08near the usual relationship
2025-03-2189.2279.53+0.03near the usual relationship
2025-03-2089.5780.75-0.06near the usual relationship
2025-03-1990.2183.56-0.27near the usual relationship
2025-03-1889.9382.03-0.17near the usual relationship
2025-03-1790.2983.74-0.30near the usual relationship
2025-03-1489.7483.46-0.32near the usual relationship
2025-03-1389.1781.47-0.20near the usual relationship
2025-03-1291.7383.15-0.16near the usual relationship
2025-03-1193.7083.43-0.04near the usual relationship
2025-03-1093.4583.49-0.07near the usual relationship
2025-03-0794.7985.99-0.19near the usual relationship
2025-03-0693.5184.46-0.16near the usual relationship
2025-03-0592.8084.68-0.24near the usual relationship
2025-03-0492.3082.84-0.14near the usual relationship
2025-03-0394.6582.25+0.06near the usual relationship
2025-02-2895.6381.22+0.20near the usual relationship
2025-02-2797.8881.22+0.33near the usual relationship
2025-02-2699.3183.74+0.22near the usual relationship
2025-02-2599.4283.40+0.24near the usual relationship
2025-02-2499.1681.06+0.40near the usual relationship
2025-02-2199.7379.72+0.52GEHC ahead
2025-02-20100.8278.10+0.71GEHC ahead
2025-02-19101.2978.16+0.72GEHC ahead
2025-02-18101.4688.33-0.01near the usual relationship
2025-02-14100.9587.96-0.02near the usual relationship
2025-02-13102.3489.27-0.03near the usual relationship
2025-02-1294.0487.96-0.45near the usual relationship
2025-02-1195.2887.24-0.33near the usual relationship
2025-02-1095.8086.08-0.23near the usual relationship
2025-02-0795.9585.12-0.16near the usual relationship
2025-02-0696.9585.65-0.14near the usual relationship
2025-02-0595.4385.59-0.23near the usual relationship
2025-02-0495.1783.96-0.13near the usual relationship
2025-02-0395.8183.59-0.07near the usual relationship
2025-01-3196.6786.05-0.19near the usual relationship
2025-01-3098.0487.49-0.21near the usual relationship
2025-01-2996.1885.12-0.16near the usual relationship
2025-01-2896.1084.87-0.15near the usual relationship
2025-01-2797.4385.21-0.09near the usual relationship
2025-01-2497.0883.84-0.02near the usual relationship
2025-01-2396.5283.68-0.04near the usual relationship
2025-01-2295.6181.97+0.03near the usual relationship
2025-01-2195.6282.90-0.04near the usual relationship
2025-01-1792.7780.50-0.04near the usual relationship
2025-01-1693.0680.28-0.01near the usual relationship
2025-01-1591.5979.25-0.03near the usual relationship
2025-01-1492.1177.75+0.12near the usual relationship
2025-01-1393.4579.84+0.05near the usual relationship
2025-01-1092.8080.56-0.05near the usual relationship
2025-01-0894.4479.22+0.16near the usual relationship
2025-01-0791.2779.10-0.03near the usual relationship
2025-01-0689.4779.41-0.18near the usual relationship
2025-01-0388.1578.50-0.20near the usual relationship
2025-01-0285.8177.94-0.32near the usual relationship
2024-12-3185.5979.00-0.41near the usual relationship
2024-12-3086.0579.06-0.39near the usual relationship
2024-12-2787.0579.78-0.38near the usual relationship
2024-12-2687.2780.41-0.41near the usual relationship
2024-12-2486.8879.50-0.37near the usual relationship
2024-12-2386.8079.25-0.36near the usual relationship
2024-12-2086.3978.35-0.32near the usual relationship
2024-12-1984.7778.10-0.42near the usual relationship
2024-12-1884.4077.10-0.37near the usual relationship
2024-12-1786.7678.03-0.28near the usual relationship
2024-12-1687.9080.06-0.36near the usual relationship
2024-12-1388.7980.47-0.33near the usual relationship
2024-12-1289.3779.97-0.26near the usual relationship
2024-12-1190.6081.28-0.28near the usual relationship
2024-12-1090.1781.93-0.36near the usual relationship
2024-12-0989.6682.00-0.40near the usual relationship
2024-12-0688.9481.78-0.43near the usual relationship
2024-12-0589.3081.87-0.42near the usual relationship
2024-12-0490.8882.00-0.33near the usual relationship
2024-12-0390.4082.43-0.39near the usual relationship
2024-12-0290.9683.81-0.46near the usual relationship
2024-11-2991.1184.99-0.53PHG ahead
2024-11-2790.8784.71-0.53PHG ahead
2024-11-2690.3383.96-0.52PHG ahead
2024-11-2590.5084.80-0.57PHG ahead
2024-11-2290.2682.34-0.41near the usual relationship
2024-11-2189.7782.31-0.45near the usual relationship
2024-11-2092.9582.09-0.23near the usual relationship
2024-11-1990.3481.03-0.32near the usual relationship
2024-11-1890.5680.97-0.31near the usual relationship
2024-11-1589.5180.62-0.35near the usual relationship
2024-11-1490.7880.31-0.25near the usual relationship
2024-11-1392.1681.00-0.21near the usual relationship
2024-11-1292.9781.00-0.16near the usual relationship
2024-11-1193.4982.56-0.25near the usual relationship
2024-11-0894.0983.03-0.24near the usual relationship
2024-11-0796.7085.96-0.29near the usual relationship
2024-11-0695.0182.78-0.17near the usual relationship
2024-11-0596.5384.49-0.20near the usual relationship
2024-11-0495.2484.49-0.28near the usual relationship
2024-11-0195.1982.65-0.16near the usual relationship
2024-10-3195.6381.75-0.07near the usual relationship
2024-10-3095.4782.12-0.11near the usual relationship
2024-10-2993.3583.74-0.36near the usual relationship
2024-10-2894.0883.06-0.27near the usual relationship
2024-10-2596.8098.81-1.13PHG ahead
2024-10-2497.33100.44-1.20PHG ahead
2024-10-2397.7699.53-1.13PHG ahead
2024-10-2297.78100.12-1.17PHG ahead
2024-10-2198.31100.28-1.16PHG ahead
2024-10-18100.00100.00-1.05PHG ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 28, 2024 (GEHC -2.8%, PHG -15.9%); Feb 19, 2025 (GEHC -0.2%, PHG -11.5%); Feb 10, 2026 (GEHC +0.2%, PHG +11.1%); Apr 29, 2026 (GEHC -13.2%, PHG -5.7%); Jul 29, 2026 (GEHC +12.2%, PHG +2.1%). Upcoming earnings: GEHC Oct 28, 2026 (pre-market); PHG Nov 3, 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

GEHC and PHG at a glance

GEHC GE HealthCare Technologies Inc.

Listing
Nasdaq · SEC CIK 1932393
Industry
Medical Electronics · SIC 3844 X-Ray Apparatus & Tubes & Related Irradiation Apparatus
Market value
$31.5B
Price history
966 daily closes, Dec 15, 2022 to Oct 22, 2026

PHG Koninklijke Philips N.V. NY Registry Shares

Listing
NYSE · SEC CIK 313216
Industry
Medical Electronics · SIC 3844 X-Ray Apparatus & Tubes & Related Irradiation Apparatus
Market value
$25.1B
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.

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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.