RETAIL: Building Materials

The Home Depot Inc. vs The Sherwin-Williams Company

WatchlistHD / SHWPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($309B vs $81B) in Nasdaq's "RETAIL: Building Materials" industry; SEC SIC 5211 / 5200 (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: -2.16 (needs <= -2.873 (5% critical value))
Business leadership

HD is the larger business

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

YearHDSHWLarger
2025$164.7B$23.6BHD
2024$159.5B$23.1BHD
2023$152.7B$23.1BHD
2022$157.4B$22.1BHD
2021$151.2B$19.9BHD
2020$132.1B$18.4BHD

HD led in every year with figures for both. Market value: HD $309.2B, SHW $80.5B.

Stock leadership

SHW is ahead now

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

SHW leads HD by 1.29 standard deviations: +7.6% over its usual price ratio. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
HD-1.6%-3.7%-16.2%
SHW+8.9%+2.4%+2.1%
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: 0.74 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.16 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 24.27 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

HD The Home Depot Inc. SHW The Sherwin-Williams CompanyPrice 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 2026HD 79SHW 89
Spread z-score: HD relative to SHW, against the 252 sessions before each day. Above 0: HD ahead; below 0: SHW ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateHD indexSHW indexzAhead
2026-10-2278.9789.00-1.29SHW ahead
2026-10-2175.7086.84-1.61SHW ahead
2026-10-2075.9386.52-1.49SHW ahead
2026-10-1974.6785.39-1.56SHW ahead
2026-10-1674.6186.31-1.77SHW ahead
2026-10-1574.2786.75-1.95SHW ahead
2026-10-1471.2183.57-2.05SHW ahead
2026-10-1370.8283.45-2.14SHW ahead
2026-10-1270.0382.45-2.15SHW ahead
2026-10-0970.0682.23-2.11SHW ahead
2026-10-0871.2082.66-1.94SHW ahead
2026-10-0768.8681.11-2.21SHW ahead
2026-10-0669.0882.70-2.52SHW ahead
2026-10-0567.7582.00-2.76SHW ahead
2026-10-0268.1682.27-2.75SHW ahead
2026-10-0168.0682.60-2.88SHW ahead
2026-09-3068.5583.24-2.92SHW ahead
2026-09-2969.4185.09-3.14SHW ahead
2026-09-2869.8585.69-3.19SHW ahead
2026-09-2570.6584.74-2.81SHW ahead
2026-09-2470.4082.50-2.41SHW ahead
2026-09-2371.5084.06-2.49SHW ahead
2026-09-2273.5884.55-2.08SHW ahead
2026-09-2171.6182.74-2.19SHW ahead
2026-09-1872.2882.59-2.00SHW ahead
2026-09-1772.8982.64-1.87SHW ahead
2026-09-1672.8882.77-1.91SHW ahead
2026-09-1573.6183.23-1.85SHW ahead
2026-09-1474.9183.56-1.62SHW ahead
2026-09-1174.4083.25-1.69SHW ahead
2026-09-1073.6681.74-1.55SHW ahead
2026-09-0974.8182.56-1.46SHW ahead
2026-09-0875.5983.97-1.59SHW ahead
2026-09-0477.3685.93-1.61SHW ahead
2026-09-0376.6485.55-1.71SHW ahead
2026-09-0276.7585.29-1.65SHW ahead
2026-09-0177.0584.96-1.52SHW ahead
2026-08-3179.0087.24-1.56SHW ahead
2026-08-2879.5688.80-1.77SHW ahead
2026-08-2779.1888.89-1.90SHW ahead
2026-08-2680.6989.78-1.76SHW ahead
2026-08-2581.4290.24-1.70SHW ahead
2026-08-2481.3189.28-1.54SHW ahead
2026-08-2180.8789.24-1.65SHW ahead
2026-08-2080.6089.33-1.75SHW ahead
2026-08-1982.9691.05-1.58SHW ahead
2026-08-1881.3288.90-1.52SHW ahead
2026-08-1781.4290.11-1.78SHW ahead
2026-08-1481.6592.47-2.24SHW ahead
2026-08-1382.3493.10-2.24SHW ahead
2026-08-1282.7592.75-2.10SHW ahead
2026-08-1185.4293.84-1.73SHW ahead
2026-08-1084.5393.40-1.86SHW ahead
2026-08-0785.6995.20-2.00SHW ahead
2026-08-0684.2293.58-2.02SHW ahead
2026-08-0585.0995.19-2.19SHW ahead
2026-08-0483.9193.10-2.05SHW ahead
2026-08-0381.9391.21-2.14SHW ahead
2026-07-3179.9987.77-1.87SHW ahead
2026-07-3080.3388.79-2.05SHW ahead
2026-07-2981.5188.55-1.70SHW ahead
2026-07-2883.0091.22-1.97SHW ahead
2026-07-2780.9984.27-0.83SHW ahead
2026-07-2480.2481.76-0.40near the usual relationship
2026-07-2378.2479.96-0.46near the usual relationship
2026-07-2279.8782.37-0.66SHW ahead
2026-07-2179.9082.00-0.55SHW ahead
2026-07-2080.2583.32-0.80SHW ahead
2026-07-1781.6685.31-0.93SHW ahead
2026-07-1683.8687.07-0.81SHW ahead
2026-07-1582.2785.56-0.85SHW ahead
2026-07-1481.3884.59-0.84SHW ahead
2026-07-1381.2384.71-0.91SHW ahead
2026-07-1082.7286.00-0.85SHW ahead
2026-07-0981.6285.50-1.01SHW ahead
2026-07-0881.0185.12-1.09SHW ahead
2026-07-0783.1888.13-1.27SHW ahead
2026-07-0684.4989.90-1.37SHW ahead
2026-07-0286.2490.76-1.14SHW ahead
2026-07-0184.5489.11-1.18SHW ahead
2026-06-3084.9888.66-0.97SHW ahead
2026-06-2984.5388.65-1.09SHW ahead
2026-06-2684.0688.60-1.20SHW ahead
2026-06-2583.1387.31-1.13SHW ahead
2026-06-2482.6285.78-0.88SHW ahead
2026-06-2378.1883.14-1.41SHW ahead
2026-06-2278.7081.60-0.86SHW ahead
2026-06-1880.5582.60-0.62SHW ahead
2026-06-1778.9180.80-0.59SHW ahead
2026-06-1681.2383.03-0.55SHW ahead
2026-06-1579.4782.46-0.88SHW ahead
2026-06-1279.1381.70-0.77SHW ahead
2026-06-1178.5681.60-0.89SHW ahead
2026-06-1076.8578.25-0.46near the usual relationship
2026-06-0977.4379.96-0.76SHW ahead
2026-06-0874.6377.13-0.78SHW ahead
2026-06-0574.8978.61-1.12SHW ahead
2026-06-0474.6977.27-0.81SHW ahead
2026-06-0375.4176.34-0.33near the usual relationship
2026-06-0275.0775.45-0.17near the usual relationship
2026-06-0174.8775.92-0.37near the usual relationship
2026-05-2976.4278.24-0.57SHW ahead
2026-05-2877.4078.57-0.38near the usual relationship
2026-05-2776.5979.82-0.95SHW ahead
2026-05-2674.8380.14-1.55SHW ahead
2026-05-2275.4479.59-1.23SHW ahead
2026-05-2175.6179.65-1.20SHW ahead
2026-05-2074.8479.23-1.32SHW ahead
2026-05-1972.8877.00-1.28SHW ahead
2026-05-1872.2477.96-1.76SHW ahead
2026-05-1571.6977.27-1.75SHW ahead
2026-05-1473.3479.61-1.92SHW ahead
2026-05-1372.9078.88-1.87SHW ahead
2026-05-1274.8180.23-1.68SHW ahead
2026-05-1175.0480.52-1.70SHW ahead
2026-05-0876.4981.58-1.57SHW ahead
2026-05-0777.7482.45-1.45SHW ahead
2026-05-0677.8483.33-1.66SHW ahead
2026-05-0576.0080.46-1.41SHW ahead
2026-05-0475.2879.95-1.48SHW ahead
2026-05-0178.0481.88-1.21SHW ahead
2026-04-3079.2382.81-1.12SHW ahead
2026-04-2977.7981.84-1.28SHW ahead
2026-04-2879.2983.50-1.31SHW ahead
2026-04-2780.0786.54-1.93SHW ahead
2026-04-2480.9486.96-1.81SHW ahead
2026-04-2381.9786.95-1.53SHW ahead
2026-04-2281.8186.30-1.41SHW ahead
2026-04-2182.8786.16-1.07SHW ahead
2026-04-2084.5888.56-1.25SHW ahead
2026-04-1784.1988.98-1.47SHW ahead
2026-04-1681.2485.83-1.48SHW ahead
2026-04-1581.6784.67-1.03SHW ahead
2026-04-1482.5885.90-1.12SHW ahead
2026-04-1382.2186.10-1.29SHW ahead
2026-04-1081.2986.55-1.69SHW ahead
2026-04-0981.8386.45-1.52SHW ahead
2026-04-0881.0086.43-1.78SHW ahead
2026-04-0776.8180.84-1.45SHW ahead
2026-04-0678.7181.47-1.04SHW ahead
2026-04-0277.5081.88-1.56SHW ahead
2026-04-0179.4183.87-1.55SHW ahead
2026-03-3179.2582.54-1.22SHW ahead
2026-03-3077.9581.34-1.27SHW ahead
2026-03-2777.5181.21-1.38SHW ahead
2026-03-2679.1482.28-1.19SHW ahead
2026-03-2580.1282.90-1.08SHW ahead
2026-03-2479.7480.78-0.55SHW ahead
2026-03-2379.7380.84-0.57SHW ahead
2026-03-2077.2978.16-0.51SHW ahead
2026-03-1979.0979.92-0.49near the usual relationship
2026-03-1879.7480.37-0.42near the usual relationship
2026-03-1782.2782.58-0.31near the usual relationship
2026-03-1682.5583.10-0.38near the usual relationship
2026-03-1381.6982.34-0.41near the usual relationship
2026-03-1281.6781.81-0.25near the usual relationship
2026-03-1184.5483.10+0.21near the usual relationship
2026-03-1086.0685.06+0.09near the usual relationship
2026-03-0985.2085.85-0.39near the usual relationship
2026-03-0686.2584.94+0.17near the usual relationship
2026-03-0587.1586.38+0.02near the usual relationship
2026-03-0488.9489.52-0.36near the usual relationship
2026-03-0388.4189.82-0.59SHW ahead
2026-03-0289.3591.69-0.85SHW ahead
2026-02-2791.7493.36-0.65SHW ahead
2026-02-2690.3892.83-0.88SHW ahead
2026-02-2590.5091.99-0.63SHW ahead
2026-02-2492.6593.92-0.57SHW ahead
2026-02-2390.8493.80-1.03SHW ahead
2026-02-2092.1192.86-0.45near the usual relationship
2026-02-1991.2292.08-0.48near the usual relationship
2026-02-1892.4194.18-0.72SHW ahead
2026-02-1792.3094.74-0.90SHW ahead
2026-02-1394.2394.99-0.47near the usual relationship
2026-02-1294.0395.94-0.77SHW ahead
2026-02-1194.1494.49-0.38near the usual relationship
2026-02-1093.9093.89-0.29near the usual relationship
2026-02-0991.8192.85-0.57SHW ahead
2026-02-0692.8193.21-0.41near the usual relationship
2026-02-0592.1492.97-0.53SHW ahead
2026-02-0493.3094.99-0.75SHW ahead
2026-02-0391.8392.60-0.53SHW ahead
2026-02-0291.1191.76-0.50SHW ahead
2026-01-3090.2691.32-0.61SHW ahead
2026-01-2989.5991.30-0.79SHW ahead
2026-01-2890.4390.02-0.25near the usual relationship
2026-01-2791.6589.11+0.30near the usual relationship
2026-01-2693.1489.69+0.52HD ahead
2026-01-2392.4789.74+0.33near the usual relationship
2026-01-2291.8190.28+0.02near the usual relationship
2026-01-2192.6891.75-0.14near the usual relationship
2026-01-2090.3989.34-0.11near the usual relationship
2026-01-1691.6192.14-0.51SHW ahead
2026-01-1591.3691.70-0.47near the usual relationship
2026-01-1490.5991.24-0.56SHW ahead
2026-01-1391.5091.66-0.44near the usual relationship
2026-01-1290.3592.09-0.84SHW ahead
2026-01-0990.2790.97-0.58SHW ahead
2026-01-0886.6487.81-0.72SHW ahead
2026-01-0784.1185.34-0.75SHW ahead
2026-01-0684.1787.57-1.32SHW ahead
2026-01-0582.9185.54-1.14SHW ahead
2026-01-0283.3384.42-0.74SHW ahead
2025-12-3182.9283.44-0.60SHW ahead
2025-12-3083.4683.98-0.61SHW ahead
2025-12-2983.7283.74-0.48near the usual relationship
2025-12-2684.2883.80-0.35near the usual relationship
2025-12-2483.7083.78-0.50SHW ahead
2025-12-2383.1383.44-0.57SHW ahead
2025-12-2283.4783.39-0.47near the usual relationship
2025-12-1983.1382.62-0.36near the usual relationship
2025-12-1885.5483.78-0.04near the usual relationship
2025-12-1785.9684.44-0.11near the usual relationship
2025-12-1684.9884.42-0.36near the usual relationship
2025-12-1586.0284.57-0.13near the usual relationship
2025-12-1286.6684.64+0.01near the usual relationship
2025-12-1186.1384.79-0.17near the usual relationship
2025-12-1084.6184.01-0.36near the usual relationship
2025-12-0983.2082.69-0.38near the usual relationship
2025-12-0884.3284.23-0.50SHW ahead
2025-12-0585.4585.77-0.61SHW ahead
2025-12-0484.6286.36-0.97SHW ahead
2025-12-0386.2487.35-0.81SHW ahead
2025-12-0285.3186.90-0.94SHW ahead
2025-12-0186.1087.93-1.00SHW ahead
2025-11-2886.0088.50-1.17SHW ahead
2025-11-2685.6688.42-1.25SHW ahead
2025-11-2584.6088.23-1.49SHW ahead
2025-11-2481.1087.03-2.14SHW ahead
2025-11-2182.7386.79-1.65SHW ahead
2025-11-2080.0984.46-1.79SHW ahead
2025-11-1980.6084.92-1.78SHW ahead
2025-11-1881.0883.38-1.23SHW ahead
2025-11-1786.2784.15-0.02near the usual relationship
2025-11-1487.3285.53-0.12near the usual relationship
2025-11-1388.6987.25-0.21near the usual relationship
2025-11-1289.4388.76-0.41near the usual relationship
2025-11-1190.1888.86-0.24near the usual relationship
2025-11-1089.2688.20-0.30near the usual relationship
2025-11-0789.4287.59-0.09near the usual relationship
2025-11-0688.9385.92+0.22near the usual relationship
2025-11-0590.0886.46+0.37near the usual relationship
2025-11-0492.3188.31+0.44near the usual relationship
2025-11-0391.1789.00-0.01near the usual relationship
2025-10-3191.4788.82+0.11near the usual relationship
2025-10-3091.4689.58-0.09near the usual relationship
2025-10-2991.0989.02-0.04near the usual relationship
2025-10-2892.9591.27-0.15near the usual relationship
2025-10-2792.8486.54+1.03HD ahead
2025-10-2493.1886.00+1.25HD ahead
2025-10-2392.7885.42+1.32HD ahead
2025-10-2293.7385.95+1.42HD ahead
2025-10-2194.1987.15+1.23HD ahead
2025-10-2093.7185.29+1.62HD ahead
2025-10-1794.4385.16+1.85HD ahead
2025-10-1693.3585.35+1.55HD ahead
2025-10-1593.5785.68+1.53HD ahead
2025-10-1493.4386.33+1.33HD ahead
2025-10-1391.4185.53+1.05HD ahead
2025-10-1090.5485.70+0.78HD ahead
2025-10-0991.0185.80+0.87HD ahead
2025-10-0892.4886.92+0.95HD ahead
2025-10-0793.2186.78+1.18HD ahead
2025-10-0693.8186.75+1.35HD ahead
2025-10-0395.2089.25+1.03HD ahead
2025-10-0295.1888.55+1.22HD ahead
2025-10-0195.6787.86+1.54HD ahead
2025-09-3097.6489.16+1.69HD ahead
2025-09-2998.0288.30+2.04HD ahead
2025-09-2698.8288.04+2.34HD ahead
2025-09-2598.1887.57+2.34HD ahead
2025-09-2498.7488.31+2.31HD ahead
2025-09-2399.0188.69+2.30HD ahead
2025-09-2299.2889.20+2.25HD ahead
2025-09-19100.1789.30+2.48HD ahead
2025-09-18100.6090.01+2.42HD ahead
2025-09-17100.4890.18+2.37HD ahead
2025-09-16101.5590.95+2.45HD ahead
2025-09-15101.8691.95+2.27HD ahead
2025-09-12101.8592.72+2.07HD ahead
2025-09-11102.0394.93+1.53HD ahead
2025-09-1099.5792.04+1.70HD ahead
2025-09-09100.0893.05+1.57HD ahead
2025-09-08101.1996.62+0.91HD ahead
2025-09-05100.9595.90+1.04HD ahead
2025-09-0499.2094.19+1.06HD ahead
2025-09-0398.2493.48+1.01HD ahead
2025-09-0297.9192.93+1.08HD ahead
2025-08-2998.0294.20+0.78HD ahead
2025-08-2898.1894.29+0.81HD ahead
2025-08-2798.3794.60+0.78HD ahead
2025-08-2698.2094.36+0.81HD ahead
2025-08-2598.5394.50+0.86HD ahead
2025-08-2299.4796.03+0.70HD ahead
2025-08-2195.8393.69+0.40near the usual relationship
2025-08-2096.8094.53+0.43near the usual relationship
2025-08-1998.1294.74+0.71HD ahead
2025-08-1895.1192.40+0.57HD ahead
2025-08-1596.2493.83+0.49near the usual relationship
2025-08-1496.4694.13+0.47near the usual relationship
2025-08-1398.1294.97+0.68HD ahead
2025-08-1295.4292.21+0.72HD ahead
2025-08-1193.3891.30+0.45near the usual relationship
2025-08-0893.4690.68+0.64HD ahead
2025-08-0793.0590.10+0.69HD ahead
2025-08-0693.2090.31+0.68HD ahead
2025-08-0592.8790.66+0.51HD ahead
2025-08-0491.7689.57+0.52HD ahead
2025-08-0190.0488.43+0.37near the usual relationship
2025-07-3188.5685.20+0.87HD ahead
2025-07-3089.6685.48+1.09HD ahead
2025-07-2990.9386.77+1.08HD ahead
2025-07-2890.9086.56+1.14HD ahead
2025-07-2590.4487.57+0.75HD ahead
2025-07-2489.9087.60+0.59HD ahead
2025-07-2390.6988.30+0.61HD ahead
2025-07-2289.4087.57+0.46near the usual relationship
2025-07-2187.7287.88-0.08near the usual relationship
2025-07-1886.6087.57-0.30near the usual relationship
2025-07-1786.5287.52-0.32near the usual relationship
2025-07-1686.1287.51-0.43near the usual relationship
2025-07-1586.4287.30-0.29near the usual relationship
2025-07-1489.1888.71+0.06near the usual relationship
2025-07-1189.1789.07-0.04near the usual relationship
2025-07-1089.9590.59-0.24near the usual relationship
2025-07-0989.4190.52-0.36near the usual relationship
2025-07-0888.5589.09-0.22near the usual relationship
2025-07-0788.5989.17-0.24near the usual relationship
2025-07-0389.5691.15-0.50SHW ahead
2025-07-0289.6090.77-0.40near the usual relationship
2025-07-0189.9291.49-0.50SHW ahead
2025-06-3088.3588.41-0.13near the usual relationship
2025-06-2788.8589.02-0.17near the usual relationship
2025-06-2687.5988.03-0.24near the usual relationship
2025-06-2587.2088.48-0.46near the usual relationship
2025-06-2486.8589.01-0.69SHW ahead
2025-06-2386.0188.52-0.78SHW ahead
2025-06-2084.2585.87-0.58SHW ahead
2025-06-1883.6285.35-0.62SHW ahead
2025-06-1784.0485.24-0.49near the usual relationship
2025-06-1685.2086.46-0.50SHW ahead
2025-06-1385.4686.49-0.45near the usual relationship
2025-06-1287.5191.72-1.21SHW ahead
2025-06-1186.8691.96-1.44SHW ahead
2025-06-1088.6592.89-1.22SHW ahead
2025-06-0988.0092.17-1.22SHW ahead
2025-06-0688.5192.05-1.07SHW ahead
2025-06-0588.9892.15-0.99SHW ahead
2025-06-0489.7393.27-1.08SHW ahead
2025-06-0389.9092.12-0.77SHW ahead
2025-06-0288.6791.52-0.94SHW ahead
2025-05-3088.7492.39-1.13SHW ahead
2025-05-2988.7491.60-0.95SHW ahead
2025-05-2888.6991.34-0.91SHW ahead
2025-05-2789.2592.52-1.05SHW ahead
2025-05-2387.4090.77-1.10SHW ahead
2025-05-2288.2290.88-0.93SHW ahead
2025-05-2189.3691.14-0.72SHW ahead
2025-05-2090.8692.47-0.67SHW ahead
2025-05-1991.4293.21-0.72SHW ahead
2025-05-1691.7593.60-0.73SHW ahead
2025-05-1591.2493.07-0.74SHW ahead
2025-05-1489.8390.48-0.45near the usual relationship
2025-05-1390.0291.68-0.70SHW ahead
2025-05-1290.7491.96-0.60SHW ahead
2025-05-0987.4090.60-1.10SHW ahead
2025-05-0887.9291.04-1.09SHW ahead
2025-05-0787.4190.53-1.10SHW ahead
2025-05-0686.6090.77-1.38SHW ahead
2025-05-0587.1692.65-1.71SHW ahead
2025-05-0287.8492.60-1.54SHW ahead
2025-05-0186.3491.06-1.56SHW ahead
2025-04-3086.8790.87-1.39SHW ahead
2025-04-2986.5189.64-1.18SHW ahead
2025-04-2886.0085.54-0.24near the usual relationship
2025-04-2586.1685.39-0.17near the usual relationship
2025-04-2486.6686.12-0.23near the usual relationship
2025-04-2385.8885.29-0.22near the usual relationship
2025-04-2285.4085.48-0.39near the usual relationship
2025-04-2183.5982.99-0.21near the usual relationship
2025-04-1785.5685.84-0.45near the usual relationship
2025-04-1683.3785.30-0.90SHW ahead
2025-04-1585.3386.74-0.76SHW ahead
2025-04-1486.0787.81-0.84SHW ahead
2025-04-1185.2786.72-0.78SHW ahead
2025-04-1085.2184.95-0.32near the usual relationship
2025-04-0985.6486.58-0.65SHW ahead
2025-04-0880.7880.73-0.38near the usual relationship
2025-04-0782.2983.12-0.63SHW ahead
2025-04-0485.2885.50-0.46near the usual relationship
2025-04-0385.7687.72-0.92SHW ahead
2025-04-0289.3791.06-0.84SHW ahead
2025-04-0188.0890.27-0.98SHW ahead
2025-03-3188.3189.91-0.83SHW ahead
2025-03-2886.3087.48-0.74SHW ahead
2025-03-2787.4089.00-0.85SHW ahead
2025-03-2687.2688.69-0.81SHW ahead
2025-03-2586.9987.85-0.67SHW ahead
2025-03-2487.6688.25-0.60SHW ahead
2025-03-2184.6186.11-0.86SHW ahead
2025-03-2085.6786.53-0.69SHW ahead
2025-03-1985.1686.24-0.76SHW ahead
2025-03-1884.2386.40-1.06SHW ahead
2025-03-1785.3388.13-1.23SHW ahead
2025-03-1484.6588.01-1.39SHW ahead
2025-03-1383.6788.09-1.70SHW ahead
2025-03-1287.8990.08-1.08SHW ahead
2025-03-1188.7190.90-1.08SHW ahead
2025-03-1090.2892.13-0.99SHW ahead
2025-03-0790.8093.63-1.25SHW ahead
2025-03-0691.9892.72-0.72SHW ahead
2025-03-0593.1093.29-0.59SHW ahead
2025-03-0491.9791.48-0.42near the usual relationship
2025-03-0393.9091.86-0.03near the usual relationship
2025-02-2895.5793.28+0.02near the usual relationship
2025-02-2794.0491.54+0.08near the usual relationship
2025-02-2694.0992.59-0.18near the usual relationship
2025-02-2594.7790.90+0.41near the usual relationship
2025-02-2492.1588.54+0.36near the usual relationship
2025-02-2192.8488.72+0.48near the usual relationship
2025-02-2095.0990.13+0.67HD ahead
2025-02-1995.2890.60+0.59HD ahead
2025-02-1897.1890.89+0.97HD ahead
2025-02-1498.6791.89+1.06HD ahead
2025-02-1399.3892.99+0.95HD ahead
2025-02-1298.1191.54+1.01HD ahead
2025-02-11100.3393.05+1.14HD ahead
2025-02-1099.7692.48+1.15HD ahead
2025-02-0798.1692.84+0.69HD ahead
2025-02-0699.8094.04+0.77HD ahead
2025-02-0599.7293.85+0.79HD ahead
2025-02-0499.1592.08+1.09HD ahead
2025-02-0398.5092.09+0.94HD ahead
2025-01-3199.2792.22+1.08HD ahead
2025-01-3099.8894.13+0.76HD ahead
2025-01-2999.6292.80+1.01HD ahead
2025-01-28100.9293.77+1.07HD ahead
2025-01-27102.3893.77+1.39HD ahead
2025-01-2499.8892.74+1.09HD ahead
2025-01-2399.8592.98+1.02HD ahead
2025-01-2298.8292.12+0.99HD ahead
2025-01-21100.8393.09+1.20HD ahead
2025-01-1798.6591.15+1.18HD ahead
2025-01-1698.6391.20+1.15HD ahead
2025-01-1597.8589.33+1.43HD ahead
2025-01-1494.6587.97+1.03HD ahead
2025-01-1393.7886.55+1.17HD ahead
2025-01-1093.9585.01+1.61HD ahead
2025-01-0893.3086.91+0.97HD ahead
2025-01-0792.5986.11+1.01HD ahead
2025-01-0693.8286.99+1.08HD ahead
2025-01-0393.7886.66+1.15HD ahead
2025-01-0293.6085.79+1.34HD ahead
2024-12-3193.7387.53+0.93HD ahead
2024-12-3093.8487.23+1.04HD ahead
2024-12-2794.6788.39+0.94HD ahead
2024-12-2695.2188.97+0.93HD ahead
2024-12-2495.4689.23+0.92HD ahead
2024-12-2394.5788.79+0.82HD ahead
2024-12-2094.6088.96+0.79HD ahead
2024-12-1992.7888.16+0.56HD ahead
2024-12-1894.9089.78+0.65HD ahead
2024-12-1798.4393.42+0.58HD ahead
2024-12-1698.9793.99+0.56HD ahead
2024-12-13100.4893.86+0.93HD ahead
2024-12-1299.8694.46+0.65HD ahead
2024-12-11101.5495.77+0.72HD ahead
2024-12-10101.8395.68+0.80HD ahead
2024-12-09103.4296.93+0.86HD ahead
2024-12-06103.9499.12+0.48near the usual relationship
2024-12-05102.7899.20+0.21near the usual relationship
2024-12-04103.11100.96-0.11near the usual relationship
2024-12-03103.46101.79-0.22near the usual relationship
2024-12-02102.88101.86-0.36near the usual relationship
2024-11-29103.40102.33-0.35near the usual relationship
2024-11-27102.94101.44-0.27near the usual relationship
2024-11-26103.50102.00-0.27near the usual relationship
2024-11-25103.29102.92-0.51SHW ahead
2024-11-22101.2099.98-0.33near the usual relationship
2024-11-2198.9098.70-0.56SHW ahead
2024-11-2096.3995.70-0.45near the usual relationship
2024-11-1998.0296.17-0.19near the usual relationship
2024-11-1898.9096.65-0.11near the usual relationship
2024-11-1598.3697.59-0.44near the usual relationship
2024-11-1497.76100.03-1.12SHW ahead
2024-11-1398.8499.72-0.82SHW ahead
2024-11-1297.1398.79-1.01SHW ahead
2024-11-1198.38100.23-1.05SHW ahead
2024-11-0897.8199.56-1.04SHW ahead
2024-11-0796.2598.88-1.25SHW ahead
2024-11-0693.5898.04-1.69SHW ahead
2024-11-0596.4197.39-0.90SHW ahead
2024-11-0495.3296.41-0.94SHW ahead
2024-11-0194.6092.17-0.14near the usual relationship
2024-10-3194.8892.38-0.13near the usual relationship
2024-10-3094.5893.18-0.39near the usual relationship
2024-10-2995.2093.11-0.24near the usual relationship
2024-10-2897.0893.54+0.08near the usual relationship
2024-10-2596.1292.45+0.11near the usual relationship
2024-10-2497.0393.11+0.15near the usual relationship
2024-10-2396.3093.40-0.08near the usual relationship
2024-10-2296.8393.05+0.10near the usual relationship
2024-10-2197.9398.30-0.80SHW ahead
2024-10-18100.00100.00-0.73SHW ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 28, 2025 (HD +0.1%, SHW +5.5%); Nov 18, 2025 (HD -6.0%, SHW -0.9%); Jul 28, 2026 (HD +2.5%, SHW +8.3%). Upcoming earnings: SHW Oct 27, 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)

1 simulated trade to Oct 20, 2026: -9.35% per trade on average after costs, 0 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long HD · Short SHWJul 14, 2023Mar 12, 2024divergence stop242-$960.59-$70.61-$935.44 (-9.35%)

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

The companies

HD and SHW at a glance

HD The Home Depot Inc.

Listing
NYSE · SEC CIK 354950
Industry
RETAIL: Building Materials · SIC 5211 Retail-Lumber & Other Building Materials Dealers
Market value
$309.2B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

SHW The Sherwin-Williams Company

Listing
NYSE · SEC CIK 89800
Industry
RETAIL: Building Materials · SIC 5200 Retail-Building Materials, Hardware, Garden Supply
Market value
$80.5B
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
LOW / SHWWatchlistSHW by 1.60 sdRETAIL: Building Materials
HD / LOWWatchlistHD by 1.33 sdRETAIL: Building Materials
SHW / FASTWatchlistFAST by 1.29 sdSIC 5200 Retail-Building Materials, Hardware, Garden Supply
SHW / TSCOWatchlistSHW by 0.87 sdSIC 5200 Retail-Building Materials, Hardware, Garden Supply

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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.