Hilton Worldwide Holdings Inc. vs Intercontinental Hotels Group
Why these are rivals: #2 and #3 by market value ($78B vs $25B) in Nasdaq's "Hotels/Resorts" industry; SEC SIC 7011 / 7011 (same major group); #2 and #3 by market value ($78B vs $25B) with SEC SIC 7011 (Hotels & Motels).
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: -1.82 (needs <= -2.873 (5% critical value))
Business size
Annual revenue reported to the SEC. Scale, not market share.
| Year | HLT | IHG | Larger |
|---|---|---|---|
| 2025 | $12.0B | - | - |
| 2024 | $11.2B | - | - |
| 2023 | $10.2B | - | - |
| 2022 | $8.8B | - | - |
| 2021 | $5.8B | - | - |
| 2020 | $4.3B | - | - |
Market value: HLT $77.9B, IHG $24.9B.
HLT is ahead now
Measured against the pair's own last 252 trading days.
HLT leads IHG by 0.26 standard deviations: +1.3% over its usual price ratio. 3 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| HLT | +10.2% | +7.1% | +34.6% |
| IHG | +7.4% | +16.8% | +37.4% |
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: 0.71 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -1.82 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 23.37 (needs <= 63)
- Data
- Both stocks current
Prices side by side, and the gap between them
Data table (504 sessions)
| Date | HLT index | IHG index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 149.94 | 147.50 | +0.26 | near the usual relationship |
| 2026-10-21 | 151.69 | 150.22 | +0.12 | near the usual relationship |
| 2026-10-20 | 150.45 | 150.28 | -0.06 | near the usual relationship |
| 2026-10-19 | 144.90 | 148.50 | -0.60 | IHG ahead |
| 2026-10-16 | 144.52 | 147.49 | -0.51 | IHG ahead |
| 2026-10-15 | 143.62 | 146.07 | -0.45 | near the usual relationship |
| 2026-10-14 | 137.35 | 140.98 | -0.64 | IHG ahead |
| 2026-10-13 | 138.01 | 141.44 | -0.61 | IHG ahead |
| 2026-10-12 | 137.16 | 140.53 | -0.61 | IHG ahead |
| 2026-10-09 | 136.74 | 141.26 | -0.78 | IHG ahead |
| 2026-10-08 | 135.38 | 140.20 | -0.84 | IHG ahead |
| 2026-10-07 | 134.22 | 140.57 | -1.08 | IHG ahead |
| 2026-10-06 | 135.09 | 141.13 | -1.03 | IHG ahead |
| 2026-10-05 | 132.37 | 140.23 | -1.33 | IHG ahead |
| 2026-10-02 | 133.73 | 142.19 | -1.42 | IHG ahead |
| 2026-10-01 | 132.09 | 141.93 | -1.65 | IHG ahead |
| 2026-09-30 | 133.21 | 141.36 | -1.40 | IHG ahead |
| 2026-09-29 | 135.44 | 143.38 | -1.36 | IHG ahead |
| 2026-09-28 | 134.11 | 141.64 | -1.32 | IHG ahead |
| 2026-09-25 | 131.47 | 139.04 | -1.36 | IHG ahead |
| 2026-09-24 | 130.70 | 138.60 | -1.43 | IHG ahead |
| 2026-09-23 | 128.65 | 137.26 | -1.58 | IHG ahead |
| 2026-09-22 | 129.16 | 136.13 | -1.33 | IHG ahead |
| 2026-09-21 | 128.59 | 135.91 | -1.40 | IHG ahead |
| 2026-09-18 | 128.02 | 134.58 | -1.29 | IHG ahead |
| 2026-09-17 | 126.69 | 134.60 | -1.53 | IHG ahead |
| 2026-09-16 | 127.98 | 135.17 | -1.42 | IHG ahead |
| 2026-09-15 | 128.88 | 134.86 | -1.23 | IHG ahead |
| 2026-09-14 | 130.06 | 136.38 | -1.28 | IHG ahead |
| 2026-09-11 | 128.21 | 135.24 | -1.42 | IHG ahead |
| 2026-09-10 | 128.24 | 134.30 | -1.28 | IHG ahead |
| 2026-09-09 | 128.55 | 136.02 | -1.51 | IHG ahead |
| 2026-09-08 | 127.49 | 135.99 | -1.70 | IHG ahead |
| 2026-09-04 | 130.30 | 140.62 | -1.97 | IHG ahead |
| 2026-09-03 | 131.63 | 141.34 | -1.89 | IHG ahead |
| 2026-09-02 | 130.44 | 141.11 | -2.07 | IHG ahead |
| 2026-09-01 | 130.64 | 136.50 | -1.32 | IHG ahead |
| 2026-08-31 | 132.44 | 140.71 | -1.70 | IHG ahead |
| 2026-08-28 | 134.77 | 142.75 | -1.65 | IHG ahead |
| 2026-08-27 | 136.38 | 143.31 | -1.49 | IHG ahead |
| 2026-08-26 | 139.26 | 144.69 | -1.25 | IHG ahead |
| 2026-08-25 | 137.90 | 143.96 | -1.37 | IHG ahead |
| 2026-08-24 | 138.21 | 142.88 | -1.16 | IHG ahead |
| 2026-08-21 | 136.77 | 140.58 | -1.04 | IHG ahead |
| 2026-08-20 | 138.02 | 140.43 | -0.83 | IHG ahead |
| 2026-08-19 | 140.17 | 142.03 | -0.74 | IHG ahead |
| 2026-08-18 | 137.24 | 140.11 | -0.92 | IHG ahead |
| 2026-08-17 | 136.56 | 140.88 | -1.15 | IHG ahead |
| 2026-08-14 | 137.02 | 140.85 | -1.09 | IHG ahead |
| 2026-08-13 | 134.34 | 140.22 | -1.43 | IHG ahead |
| 2026-08-12 | 135.06 | 142.26 | -1.65 | IHG ahead |
| 2026-08-11 | 131.76 | 137.03 | -1.38 | IHG ahead |
| 2026-08-10 | 130.23 | 136.82 | -1.62 | IHG ahead |
| 2026-08-07 | 132.99 | 138.47 | -1.43 | IHG ahead |
| 2026-08-06 | 134.83 | 140.04 | -1.39 | IHG ahead |
| 2026-08-05 | 135.91 | 141.29 | -1.42 | IHG ahead |
| 2026-08-04 | 130.68 | 138.12 | -1.81 | IHG ahead |
| 2026-08-03 | 131.63 | 138.90 | -1.79 | IHG ahead |
| 2026-07-31 | 134.20 | 142.66 | -1.97 | IHG ahead |
| 2026-07-30 | 134.84 | 142.94 | -1.93 | IHG ahead |
| 2026-07-29 | 134.72 | 142.00 | -1.81 | IHG ahead |
| 2026-07-28 | 135.02 | 142.58 | -1.88 | IHG ahead |
| 2026-07-27 | 138.54 | 140.23 | -0.92 | IHG ahead |
| 2026-07-24 | 136.08 | 137.30 | -0.85 | IHG ahead |
| 2026-07-23 | 134.07 | 135.49 | -0.90 | IHG ahead |
| 2026-07-22 | 135.77 | 136.74 | -0.83 | IHG ahead |
| 2026-07-21 | 135.65 | 137.13 | -0.92 | IHG ahead |
| 2026-07-20 | 135.43 | 137.49 | -1.02 | IHG ahead |
| 2026-07-17 | 134.55 | 138.97 | -1.41 | IHG ahead |
| 2026-07-16 | 135.34 | 140.55 | -1.55 | IHG ahead |
| 2026-07-15 | 137.55 | 140.55 | -1.19 | IHG ahead |
| 2026-07-14 | 136.45 | 139.55 | -1.22 | IHG ahead |
| 2026-07-13 | 135.02 | 142.78 | -1.99 | IHG ahead |
| 2026-07-10 | 140.48 | 145.06 | -1.47 | IHG ahead |
| 2026-07-09 | 141.39 | 144.37 | -1.23 | IHG ahead |
| 2026-07-08 | 139.50 | 143.70 | -1.44 | IHG ahead |
| 2026-07-07 | 142.84 | 146.49 | -1.35 | IHG ahead |
| 2026-07-06 | 142.13 | 146.29 | -1.45 | IHG ahead |
| 2026-07-02 | 141.59 | 149.39 | -2.03 | IHG ahead |
| 2026-07-01 | 139.07 | 148.05 | -2.26 | IHG ahead |
| 2026-06-30 | 138.38 | 152.19 | -3.07 | IHG ahead |
| 2026-06-29 | 139.25 | 152.62 | -3.05 | IHG ahead |
| 2026-06-26 | 139.38 | 151.96 | -2.99 | IHG ahead |
| 2026-06-25 | 142.60 | 153.08 | -2.67 | IHG ahead |
| 2026-06-24 | 143.80 | 151.82 | -2.30 | IHG ahead |
| 2026-06-23 | 143.98 | 150.22 | -2.03 | IHG ahead |
| 2026-06-22 | 143.60 | 149.49 | -2.00 | IHG ahead |
| 2026-06-18 | 146.07 | 150.35 | -1.74 | IHG ahead |
| 2026-06-17 | 146.27 | 150.03 | -1.67 | IHG ahead |
| 2026-06-16 | 146.65 | 149.89 | -1.59 | IHG ahead |
| 2026-06-15 | 145.35 | 148.18 | -1.54 | IHG ahead |
| 2026-06-12 | 144.86 | 146.92 | -1.42 | IHG ahead |
| 2026-06-11 | 143.15 | 144.55 | -1.31 | IHG ahead |
| 2026-06-10 | 141.63 | 141.95 | -1.13 | IHG ahead |
| 2026-06-09 | 143.45 | 143.27 | -1.05 | IHG ahead |
| 2026-06-08 | 142.64 | 143.60 | -1.26 | IHG ahead |
| 2026-06-05 | 143.67 | 142.55 | -0.88 | IHG ahead |
| 2026-06-04 | 141.60 | 141.11 | -1.00 | IHG ahead |
| 2026-06-03 | 138.76 | 141.10 | -1.54 | IHG ahead |
| 2026-06-02 | 139.38 | 139.09 | -1.05 | IHG ahead |
| 2026-06-01 | 139.29 | 136.27 | -0.53 | IHG ahead |
| 2026-05-29 | 137.21 | 136.16 | -0.90 | IHG ahead |
| 2026-05-28 | 141.35 | 138.94 | -0.65 | IHG ahead |
| 2026-05-27 | 141.00 | 139.93 | -0.90 | IHG ahead |
| 2026-05-26 | 135.59 | 135.66 | -1.11 | IHG ahead |
| 2026-05-22 | 134.45 | 134.58 | -1.12 | IHG ahead |
| 2026-05-21 | 135.15 | 135.47 | -1.16 | IHG ahead |
| 2026-05-20 | 135.62 | 136.35 | -1.24 | IHG ahead |
| 2026-05-19 | 132.07 | 131.87 | -1.06 | IHG ahead |
| 2026-05-18 | 133.22 | 132.63 | -0.98 | IHG ahead |
| 2026-05-15 | 132.39 | 130.62 | -0.74 | IHG ahead |
| 2026-05-14 | 132.54 | 131.80 | -0.93 | IHG ahead |
| 2026-05-13 | 130.40 | 132.01 | -1.40 | IHG ahead |
| 2026-05-12 | 131.31 | 132.20 | -1.26 | IHG ahead |
| 2026-05-11 | 132.13 | 130.31 | -0.72 | IHG ahead |
| 2026-05-08 | 132.65 | 131.53 | -0.86 | IHG ahead |
| 2026-05-07 | 134.12 | 129.19 | -0.11 | near the usual relationship |
| 2026-05-06 | 134.63 | 127.96 | +0.24 | near the usual relationship |
| 2026-05-05 | 130.97 | 124.70 | +0.20 | near the usual relationship |
| 2026-05-04 | 130.39 | 122.73 | +0.49 | near the usual relationship |
| 2026-05-01 | 133.42 | 125.66 | +0.48 | near the usual relationship |
| 2026-04-30 | 135.70 | 126.49 | +0.75 | HLT ahead |
| 2026-04-29 | 131.69 | 125.15 | +0.27 | near the usual relationship |
| 2026-04-28 | 135.40 | 127.01 | +0.60 | HLT ahead |
| 2026-04-27 | 139.21 | 126.74 | +1.37 | HLT ahead |
| 2026-04-24 | 140.54 | 128.60 | +1.25 | HLT ahead |
| 2026-04-23 | 139.98 | 126.26 | +1.62 | HLT ahead |
| 2026-04-22 | 139.72 | 123.26 | +2.21 | HLT ahead |
| 2026-04-21 | 142.46 | 126.87 | +1.99 | HLT ahead |
| 2026-04-20 | 143.58 | 129.05 | +1.77 | HLT ahead |
| 2026-04-17 | 142.80 | 129.10 | +1.64 | HLT ahead |
| 2026-04-16 | 138.34 | 123.96 | +1.88 | HLT ahead |
| 2026-04-15 | 137.73 | 125.23 | +1.52 | HLT ahead |
| 2026-04-14 | 138.76 | 126.80 | +1.40 | HLT ahead |
| 2026-04-13 | 137.04 | 124.61 | +1.54 | HLT ahead |
| 2026-04-10 | 135.43 | 124.38 | +1.30 | HLT ahead |
| 2026-04-09 | 135.05 | 125.84 | +0.94 | HLT ahead |
| 2026-04-08 | 132.83 | 124.16 | +0.86 | HLT ahead |
| 2026-04-07 | 126.53 | 116.06 | +1.35 | HLT ahead |
| 2026-04-06 | 128.50 | 118.56 | +1.22 | HLT ahead |
| 2026-04-02 | 127.70 | 117.71 | +1.25 | HLT ahead |
| 2026-04-01 | 129.08 | 117.53 | +1.58 | HLT ahead |
| 2026-03-31 | 127.33 | 117.33 | +1.28 | HLT ahead |
| 2026-03-30 | 123.89 | 114.44 | +1.23 | HLT ahead |
| 2026-03-27 | 123.13 | 113.93 | +1.19 | HLT ahead |
| 2026-03-26 | 126.33 | 116.46 | +1.30 | HLT ahead |
| 2026-03-25 | 126.95 | 117.93 | +1.11 | HLT ahead |
| 2026-03-24 | 125.59 | 116.27 | +1.21 | HLT ahead |
| 2026-03-23 | 125.90 | 116.10 | +1.32 | HLT ahead |
| 2026-03-20 | 122.52 | 113.62 | +1.19 | HLT ahead |
| 2026-03-19 | 124.71 | 115.09 | +1.32 | HLT ahead |
| 2026-03-18 | 123.34 | 115.67 | +0.91 | HLT ahead |
| 2026-03-17 | 126.17 | 117.32 | +1.14 | HLT ahead |
| 2026-03-16 | 123.95 | 115.09 | +1.18 | HLT ahead |
| 2026-03-13 | 122.08 | 113.32 | +1.20 | HLT ahead |
| 2026-03-12 | 123.22 | 115.12 | +1.04 | HLT ahead |
| 2026-03-11 | 124.30 | 118.08 | +0.63 | HLT ahead |
| 2026-03-10 | 124.94 | 115.96 | +1.22 | HLT ahead |
| 2026-03-09 | 127.07 | 116.57 | +1.53 | HLT ahead |
| 2026-03-06 | 125.05 | 116.59 | +1.13 | HLT ahead |
| 2026-03-05 | 128.70 | 117.97 | +1.57 | HLT ahead |
| 2026-03-04 | 127.68 | 118.74 | +1.22 | HLT ahead |
| 2026-03-03 | 128.11 | 119.02 | +1.25 | HLT ahead |
| 2026-03-02 | 127.63 | 117.61 | +1.47 | HLT ahead |
| 2026-02-27 | 130.56 | 122.23 | +1.08 | HLT ahead |
| 2026-02-26 | 133.09 | 125.77 | +0.85 | HLT ahead |
| 2026-02-25 | 131.21 | 123.59 | +0.94 | HLT ahead |
| 2026-02-24 | 130.97 | 124.25 | +0.76 | HLT ahead |
| 2026-02-23 | 130.56 | 125.58 | +0.42 | near the usual relationship |
| 2026-02-20 | 132.31 | 126.95 | +0.48 | near the usual relationship |
| 2026-02-19 | 130.95 | 125.81 | +0.46 | near the usual relationship |
| 2026-02-18 | 132.27 | 127.63 | +0.35 | near the usual relationship |
| 2026-02-17 | 133.08 | 130.31 | -0.01 | near the usual relationship |
| 2026-02-13 | 131.74 | 128.47 | +0.10 | near the usual relationship |
| 2026-02-12 | 134.91 | 128.24 | +0.74 | HLT ahead |
| 2026-02-11 | 136.15 | 128.11 | +1.00 | HLT ahead |
| 2026-02-10 | 135.55 | 129.97 | +0.54 | HLT ahead |
| 2026-02-09 | 131.50 | 126.00 | +0.56 | HLT ahead |
| 2026-02-06 | 131.64 | 127.32 | +0.34 | near the usual relationship |
| 2026-02-05 | 129.27 | 125.79 | +0.21 | near the usual relationship |
| 2026-02-04 | 129.31 | 125.69 | +0.24 | near the usual relationship |
| 2026-02-03 | 127.55 | 120.62 | +0.88 | HLT ahead |
| 2026-02-02 | 126.85 | 124.98 | -0.05 | near the usual relationship |
| 2026-01-30 | 125.00 | 120.65 | +0.42 | near the usual relationship |
| 2026-01-29 | 125.32 | 120.72 | +0.47 | near the usual relationship |
| 2026-01-28 | 124.08 | 118.98 | +0.58 | HLT ahead |
| 2026-01-27 | 124.02 | 119.92 | +0.41 | near the usual relationship |
| 2026-01-26 | 124.42 | 119.53 | +0.55 | HLT ahead |
| 2026-01-23 | 124.83 | 121.76 | +0.24 | near the usual relationship |
| 2026-01-22 | 123.91 | 122.39 | -0.02 | near the usual relationship |
| 2026-01-21 | 124.14 | 121.62 | +0.16 | near the usual relationship |
| 2026-01-20 | 121.43 | 118.46 | +0.25 | near the usual relationship |
| 2026-01-16 | 125.98 | 122.38 | +0.34 | near the usual relationship |
| 2026-01-15 | 126.40 | 121.25 | +0.61 | HLT ahead |
| 2026-01-14 | 125.68 | 120.30 | +0.66 | HLT ahead |
| 2026-01-13 | 125.88 | 121.01 | +0.58 | HLT ahead |
| 2026-01-12 | 125.79 | 121.14 | +0.55 | HLT ahead |
| 2026-01-09 | 125.77 | 121.94 | +0.42 | near the usual relationship |
| 2026-01-08 | 124.92 | 121.88 | +0.30 | near the usual relationship |
| 2026-01-07 | 122.90 | 119.88 | +0.31 | near the usual relationship |
| 2026-01-06 | 122.81 | 122.46 | -0.13 | near the usual relationship |
| 2026-01-05 | 119.66 | 120.87 | -0.38 | near the usual relationship |
| 2026-01-02 | 122.68 | 123.38 | -0.29 | near the usual relationship |
| 2025-12-31 | 120.28 | 123.81 | -0.74 | IHG ahead |
| 2025-12-30 | 121.62 | 124.52 | -0.63 | IHG ahead |
| 2025-12-29 | 122.42 | 124.61 | -0.51 | IHG ahead |
| 2025-12-26 | 122.89 | 126.07 | -0.66 | IHG ahead |
| 2025-12-24 | 122.82 | 126.07 | -0.67 | IHG ahead |
| 2025-12-23 | 122.01 | 125.77 | -0.75 | IHG ahead |
| 2025-12-22 | 122.50 | 126.08 | -0.71 | IHG ahead |
| 2025-12-19 | 122.38 | 125.58 | -0.65 | IHG ahead |
| 2025-12-18 | 120.46 | 123.48 | -0.63 | IHG ahead |
| 2025-12-17 | 122.69 | 124.38 | -0.41 | near the usual relationship |
| 2025-12-16 | 119.69 | 123.44 | -0.73 | IHG ahead |
| 2025-12-15 | 119.70 | 123.49 | -0.74 | IHG ahead |
| 2025-12-12 | 117.35 | 121.91 | -0.87 | IHG ahead |
| 2025-12-11 | 116.49 | 119.80 | -0.67 | IHG ahead |
| 2025-12-10 | 113.58 | 117.54 | -0.79 | IHG ahead |
| 2025-12-09 | 112.75 | 115.78 | -0.64 | IHG ahead |
| 2025-12-08 | 112.99 | 117.19 | -0.82 | IHG ahead |
| 2025-12-05 | 114.00 | 117.42 | -0.69 | IHG ahead |
| 2025-12-04 | 114.51 | 118.60 | -0.79 | IHG ahead |
| 2025-12-03 | 117.35 | 120.94 | -0.69 | IHG ahead |
| 2025-12-02 | 117.74 | 118.84 | -0.29 | near the usual relationship |
| 2025-12-01 | 118.52 | 116.75 | +0.17 | near the usual relationship |
| 2025-11-28 | 119.35 | 117.96 | +0.11 | near the usual relationship |
| 2025-11-26 | 119.66 | 119.25 | -0.04 | near the usual relationship |
| 2025-11-25 | 119.23 | 118.38 | +0.03 | near the usual relationship |
| 2025-11-24 | 114.87 | 115.28 | -0.17 | near the usual relationship |
| 2025-11-21 | 114.94 | 114.78 | -0.08 | near the usual relationship |
| 2025-11-20 | 110.68 | 109.59 | +0.09 | near the usual relationship |
| 2025-11-19 | 111.81 | 110.58 | +0.11 | near the usual relationship |
| 2025-11-18 | 112.20 | 110.96 | +0.11 | near the usual relationship |
| 2025-11-17 | 111.41 | 111.77 | -0.15 | near the usual relationship |
| 2025-11-14 | 112.92 | 113.34 | -0.16 | near the usual relationship |
| 2025-11-13 | 113.01 | 114.08 | -0.27 | near the usual relationship |
| 2025-11-12 | 115.07 | 116.46 | -0.31 | near the usual relationship |
| 2025-11-11 | 114.57 | 115.50 | -0.24 | near the usual relationship |
| 2025-11-10 | 114.96 | 115.90 | -0.24 | near the usual relationship |
| 2025-11-07 | 114.45 | 114.44 | -0.09 | near the usual relationship |
| 2025-11-06 | 111.08 | 110.65 | -0.02 | near the usual relationship |
| 2025-11-05 | 110.74 | 110.65 | -0.07 | near the usual relationship |
| 2025-11-04 | 108.30 | 107.42 | +0.06 | near the usual relationship |
| 2025-11-03 | 108.49 | 107.56 | +0.07 | near the usual relationship |
| 2025-10-31 | 107.60 | 106.78 | +0.05 | near the usual relationship |
| 2025-10-30 | 108.95 | 108.36 | +0.01 | near the usual relationship |
| 2025-10-29 | 109.04 | 108.50 | +0.00 | near the usual relationship |
| 2025-10-28 | 109.25 | 109.19 | -0.08 | near the usual relationship |
| 2025-10-27 | 111.48 | 110.31 | +0.11 | near the usual relationship |
| 2025-10-24 | 112.13 | 109.35 | +0.38 | near the usual relationship |
| 2025-10-23 | 112.07 | 107.75 | +0.65 | HLT ahead |
| 2025-10-22 | 115.18 | 109.92 | +0.80 | HLT ahead |
| 2025-10-21 | 111.37 | 107.37 | +0.61 | HLT ahead |
| 2025-10-20 | 109.31 | 105.78 | +0.54 | HLT ahead |
| 2025-10-17 | 108.99 | 106.21 | +0.41 | near the usual relationship |
| 2025-10-16 | 107.81 | 104.33 | +0.54 | HLT ahead |
| 2025-10-15 | 111.01 | 105.79 | +0.84 | HLT ahead |
| 2025-10-14 | 112.39 | 107.49 | +0.77 | HLT ahead |
| 2025-10-13 | 110.28 | 107.74 | +0.37 | near the usual relationship |
| 2025-10-10 | 108.68 | 106.47 | +0.32 | near the usual relationship |
| 2025-10-09 | 108.92 | 107.56 | +0.17 | near the usual relationship |
| 2025-10-08 | 108.90 | 109.05 | -0.09 | near the usual relationship |
| 2025-10-07 | 108.30 | 108.31 | -0.06 | near the usual relationship |
| 2025-10-06 | 108.95 | 109.27 | -0.12 | near the usual relationship |
| 2025-10-03 | 108.22 | 108.94 | -0.19 | near the usual relationship |
| 2025-10-02 | 108.42 | 108.27 | -0.04 | near the usual relationship |
| 2025-10-01 | 107.51 | 106.70 | +0.08 | near the usual relationship |
| 2025-09-30 | 108.64 | 106.60 | +0.30 | near the usual relationship |
| 2025-09-29 | 109.83 | 107.93 | +0.27 | near the usual relationship |
| 2025-09-26 | 109.61 | 108.33 | +0.17 | near the usual relationship |
| 2025-09-25 | 109.41 | 103.55 | +0.98 | HLT ahead |
| 2025-09-24 | 110.20 | 104.03 | +1.04 | HLT ahead |
| 2025-09-23 | 110.42 | 104.43 | +1.01 | HLT ahead |
| 2025-09-22 | 111.63 | 103.97 | +1.31 | HLT ahead |
| 2025-09-19 | 112.48 | 105.29 | +1.22 | HLT ahead |
| 2025-09-18 | 111.51 | 103.84 | +1.33 | HLT ahead |
| 2025-09-17 | 111.56 | 104.11 | +1.30 | HLT ahead |
| 2025-09-16 | 114.69 | 106.04 | +1.49 | HLT ahead |
| 2025-09-15 | 113.58 | 105.05 | +1.50 | HLT ahead |
| 2025-09-12 | 115.04 | 106.39 | +1.51 | HLT ahead |
| 2025-09-11 | 116.50 | 108.50 | +1.39 | HLT ahead |
| 2025-09-10 | 114.36 | 107.49 | +1.21 | HLT ahead |
| 2025-09-09 | 115.14 | 108.73 | +1.13 | HLT ahead |
| 2025-09-08 | 116.33 | 109.87 | +1.13 | HLT ahead |
| 2025-09-05 | 114.02 | 108.33 | +1.02 | HLT ahead |
| 2025-09-04 | 116.44 | 107.33 | +1.61 | HLT ahead |
| 2025-09-03 | 115.15 | 106.72 | +1.52 | HLT ahead |
| 2025-09-02 | 115.58 | 105.51 | +1.83 | HLT ahead |
| 2025-08-29 | 115.60 | 107.82 | +1.41 | HLT ahead |
| 2025-08-28 | 115.70 | 108.00 | +1.40 | HLT ahead |
| 2025-08-27 | 115.74 | 107.62 | +1.48 | HLT ahead |
| 2025-08-26 | 115.30 | 106.22 | +1.68 | HLT ahead |
| 2025-08-25 | 114.76 | 106.36 | +1.57 | HLT ahead |
| 2025-08-22 | 116.20 | 107.89 | +1.54 | HLT ahead |
| 2025-08-21 | 112.72 | 105.51 | +1.38 | HLT ahead |
| 2025-08-20 | 113.02 | 106.39 | +1.26 | HLT ahead |
| 2025-08-19 | 113.79 | 107.31 | +1.23 | HLT ahead |
| 2025-08-18 | 112.70 | 106.75 | +1.14 | HLT ahead |
| 2025-08-15 | 112.11 | 106.44 | +1.10 | HLT ahead |
| 2025-08-14 | 113.20 | 105.66 | +1.45 | HLT ahead |
| 2025-08-13 | 114.25 | 106.91 | +1.40 | HLT ahead |
| 2025-08-12 | 112.55 | 106.15 | +1.24 | HLT ahead |
| 2025-08-11 | 109.31 | 103.21 | +1.22 | HLT ahead |
| 2025-08-08 | 109.84 | 104.98 | +0.97 | HLT ahead |
| 2025-08-07 | 109.26 | 108.81 | +0.13 | near the usual relationship |
| 2025-08-06 | 109.27 | 102.39 | +1.38 | HLT ahead |
| 2025-08-05 | 108.94 | 101.35 | +1.54 | HLT ahead |
| 2025-08-04 | 109.89 | 101.41 | +1.72 | HLT ahead |
| 2025-08-01 | 109.22 | 100.81 | +1.74 | HLT ahead |
| 2025-07-31 | 112.26 | 102.12 | +2.06 | HLT ahead |
| 2025-07-30 | 114.44 | 104.03 | +2.11 | HLT ahead |
| 2025-07-29 | 114.34 | 102.84 | +2.37 | HLT ahead |
| 2025-07-28 | 113.30 | 103.33 | +2.10 | HLT ahead |
| 2025-07-25 | 114.59 | 103.99 | +2.23 | HLT ahead |
| 2025-07-24 | 112.04 | 102.90 | +2.00 | HLT ahead |
| 2025-07-23 | 111.74 | 104.01 | +1.72 | HLT ahead |
| 2025-07-22 | 114.67 | 104.66 | +2.18 | HLT ahead |
| 2025-07-21 | 113.42 | 102.52 | +2.44 | HLT ahead |
| 2025-07-18 | 114.18 | 102.93 | +2.54 | HLT ahead |
| 2025-07-17 | 113.99 | 102.25 | +2.70 | HLT ahead |
| 2025-07-16 | 114.51 | 103.47 | +2.58 | HLT ahead |
| 2025-07-15 | 114.88 | 103.53 | +2.69 | HLT ahead |
| 2025-07-14 | 116.68 | 105.64 | +2.63 | HLT ahead |
| 2025-07-11 | 116.12 | 106.00 | +2.47 | HLT ahead |
| 2025-07-10 | 116.19 | 107.16 | +2.25 | HLT ahead |
| 2025-07-09 | 114.12 | 106.38 | +2.01 | HLT ahead |
| 2025-07-08 | 114.30 | 105.37 | +2.32 | HLT ahead |
| 2025-07-07 | 113.42 | 104.26 | +2.43 | HLT ahead |
| 2025-07-03 | 114.49 | 105.20 | +2.48 | HLT ahead |
| 2025-07-02 | 113.11 | 103.69 | +2.58 | HLT ahead |
| 2025-07-01 | 112.63 | 103.14 | +2.66 | HLT ahead |
| 2025-06-30 | 111.53 | 101.40 | +2.91 | HLT ahead |
| 2025-06-27 | 111.18 | 101.94 | +2.73 | HLT ahead |
| 2025-06-26 | 107.82 | 100.86 | +2.22 | HLT ahead |
| 2025-06-25 | 106.24 | 99.98 | +2.09 | HLT ahead |
| 2025-06-24 | 107.17 | 101.15 | +2.03 | HLT ahead |
| 2025-06-23 | 105.67 | 99.29 | +2.18 | HLT ahead |
| 2025-06-20 | 104.21 | 97.40 | +2.37 | HLT ahead |
| 2025-06-18 | 103.66 | 98.58 | +1.90 | HLT ahead |
| 2025-06-17 | 103.42 | 98.00 | +2.03 | HLT ahead |
| 2025-06-16 | 103.58 | 100.04 | +1.49 | HLT ahead |
| 2025-06-13 | 102.12 | 98.23 | +1.62 | HLT ahead |
| 2025-06-12 | 104.92 | 100.67 | +1.71 | HLT ahead |
| 2025-06-11 | 106.17 | 102.57 | +1.53 | HLT ahead |
| 2025-06-10 | 106.17 | 103.31 | +1.33 | HLT ahead |
| 2025-06-09 | 105.55 | 101.17 | +1.79 | HLT ahead |
| 2025-06-06 | 105.86 | 102.51 | +1.50 | HLT ahead |
| 2025-06-05 | 104.05 | 101.56 | +1.28 | HLT ahead |
| 2025-06-04 | 104.45 | 101.80 | +1.33 | HLT ahead |
| 2025-06-03 | 105.15 | 102.24 | +1.41 | HLT ahead |
| 2025-06-02 | 104.32 | 101.31 | +1.46 | HLT ahead |
| 2025-05-30 | 104.03 | 101.84 | +1.24 | HLT ahead |
| 2025-05-29 | 103.96 | 103.16 | +0.84 | HLT ahead |
| 2025-05-28 | 105.01 | 103.02 | +1.19 | HLT ahead |
| 2025-05-27 | 105.98 | 104.90 | +0.93 | HLT ahead |
| 2025-05-23 | 102.50 | 103.24 | +0.42 | near the usual relationship |
| 2025-05-22 | 103.28 | 103.52 | +0.57 | HLT ahead |
| 2025-05-21 | 103.33 | 103.41 | +0.62 | HLT ahead |
| 2025-05-20 | 106.11 | 105.99 | +0.68 | HLT ahead |
| 2025-05-19 | 107.39 | 106.31 | +0.95 | HLT ahead |
| 2025-05-16 | 107.10 | 107.72 | +0.48 | near the usual relationship |
| 2025-05-15 | 105.73 | 107.84 | +0.06 | near the usual relationship |
| 2025-05-14 | 105.94 | 109.30 | -0.28 | near the usual relationship |
| 2025-05-13 | 107.20 | 108.79 | +0.21 | near the usual relationship |
| 2025-05-12 | 105.70 | 106.23 | +0.50 | HLT ahead |
| 2025-05-09 | 101.76 | 102.09 | +0.56 | HLT ahead |
| 2025-05-08 | 101.83 | 103.19 | +0.27 | near the usual relationship |
| 2025-05-07 | 101.19 | 101.40 | +0.61 | HLT ahead |
| 2025-05-06 | 99.07 | 99.77 | +0.46 | near the usual relationship |
| 2025-05-05 | 100.06 | 100.25 | +0.62 | HLT ahead |
| 2025-05-02 | 100.88 | 99.75 | +1.01 | HLT ahead |
| 2025-05-01 | 98.02 | 97.50 | +0.85 | HLT ahead |
| 2025-04-30 | 94.42 | 94.85 | +0.56 | HLT ahead |
| 2025-04-29 | 94.81 | 94.01 | +0.95 | HLT ahead |
| 2025-04-28 | 92.79 | 94.07 | +0.30 | near the usual relationship |
| 2025-04-25 | 91.96 | 93.38 | +0.26 | near the usual relationship |
| 2025-04-24 | 91.86 | 92.69 | +0.44 | near the usual relationship |
| 2025-04-23 | 90.18 | 91.46 | +0.30 | near the usual relationship |
| 2025-04-22 | 88.20 | 90.41 | -0.01 | near the usual relationship |
| 2025-04-21 | 85.67 | 88.14 | -0.12 | near the usual relationship |
| 2025-04-17 | 88.12 | 89.28 | +0.33 | near the usual relationship |
| 2025-04-16 | 87.55 | 88.56 | +0.38 | near the usual relationship |
| 2025-04-15 | 88.49 | 91.43 | -0.25 | near the usual relationship |
| 2025-04-14 | 87.99 | 91.11 | -0.32 | near the usual relationship |
| 2025-04-11 | 88.95 | 91.39 | -0.09 | near the usual relationship |
| 2025-04-10 | 87.90 | 90.57 | -0.18 | near the usual relationship |
| 2025-04-09 | 91.56 | 91.96 | +0.57 | HLT ahead |
| 2025-04-08 | 84.28 | 84.41 | +0.66 | HLT ahead |
| 2025-04-07 | 85.48 | 85.54 | +0.69 | HLT ahead |
| 2025-04-04 | 87.45 | 88.87 | +0.23 | near the usual relationship |
| 2025-04-03 | 91.03 | 92.79 | +0.14 | near the usual relationship |
| 2025-04-02 | 96.89 | 97.90 | +0.41 | near the usual relationship |
| 2025-04-01 | 95.17 | 96.25 | +0.38 | near the usual relationship |
| 2025-03-31 | 95.28 | 96.34 | +0.39 | near the usual relationship |
| 2025-03-28 | 94.51 | 96.25 | +0.19 | near the usual relationship |
| 2025-03-27 | 97.17 | 98.38 | +0.36 | near the usual relationship |
| 2025-03-26 | 98.35 | 97.74 | +0.91 | HLT ahead |
| 2025-03-25 | 98.27 | 97.97 | +0.82 | HLT ahead |
| 2025-03-24 | 97.38 | 97.48 | +0.71 | HLT ahead |
| 2025-03-21 | 96.03 | 96.41 | +0.63 | HLT ahead |
| 2025-03-20 | 97.11 | 99.06 | +0.17 | near the usual relationship |
| 2025-03-19 | 97.55 | 99.21 | +0.26 | near the usual relationship |
| 2025-03-18 | 95.08 | 98.62 | -0.31 | near the usual relationship |
| 2025-03-17 | 98.26 | 100.58 | +0.08 | near the usual relationship |
| 2025-03-14 | 96.05 | 99.83 | -0.36 | near the usual relationship |
| 2025-03-13 | 92.87 | 97.93 | -0.76 | IHG ahead |
| 2025-03-12 | 95.64 | 100.04 | -0.53 | IHG ahead |
| 2025-03-11 | 97.08 | 101.04 | -0.38 | near the usual relationship |
| 2025-03-10 | 100.04 | 104.05 | -0.35 | near the usual relationship |
| 2025-03-07 | 103.49 | 105.94 | +0.11 | near the usual relationship |
| 2025-03-06 | 105.15 | 105.99 | +0.55 | HLT ahead |
| 2025-03-05 | 108.66 | 110.94 | +0.20 | near the usual relationship |
| 2025-03-04 | 108.69 | 110.58 | +0.30 | near the usual relationship |
| 2025-03-03 | 110.37 | 111.55 | +0.49 | near the usual relationship |
| 2025-02-28 | 110.95 | 111.51 | +0.65 | HLT ahead |
| 2025-02-27 | 108.50 | 111.39 | +0.08 | near the usual relationship |
| 2025-02-26 | 108.86 | 110.16 | +0.47 | near the usual relationship |
| 2025-02-25 | 108.01 | 109.35 | +0.47 | near the usual relationship |
| 2025-02-24 | 108.41 | 108.93 | +0.66 | HLT ahead |
| 2025-02-21 | 108.66 | 109.23 | +0.66 | HLT ahead |
| 2025-02-20 | 112.14 | 113.07 | +0.59 | HLT ahead |
| 2025-02-19 | 112.86 | 113.88 | +0.57 | HLT ahead |
| 2025-02-18 | 112.59 | 114.60 | +0.35 | near the usual relationship |
| 2025-02-14 | 111.33 | 117.43 | -0.54 | IHG ahead |
| 2025-02-13 | 112.86 | 118.60 | -0.44 | near the usual relationship |
| 2025-02-12 | 114.51 | 119.82 | -0.33 | near the usual relationship |
| 2025-02-11 | 112.69 | 118.18 | -0.39 | near the usual relationship |
| 2025-02-10 | 112.01 | 119.57 | -0.84 | IHG ahead |
| 2025-02-07 | 112.93 | 120.05 | -0.74 | IHG ahead |
| 2025-02-06 | 113.22 | 119.95 | -0.65 | IHG ahead |
| 2025-02-05 | 107.97 | 117.69 | -1.38 | IHG ahead |
| 2025-02-04 | 108.35 | 117.72 | -1.31 | IHG ahead |
| 2025-02-03 | 107.31 | 118.00 | -1.62 | IHG ahead |
| 2025-01-31 | 107.23 | 118.44 | -1.75 | IHG ahead |
| 2025-01-30 | 107.53 | 119.02 | -1.82 | IHG ahead |
| 2025-01-29 | 106.33 | 117.93 | -1.89 | IHG ahead |
| 2025-01-28 | 106.22 | 117.42 | -1.82 | IHG ahead |
| 2025-01-27 | 104.57 | 115.30 | -1.77 | IHG ahead |
| 2025-01-24 | 103.74 | 115.24 | -1.98 | IHG ahead |
| 2025-01-23 | 104.73 | 116.65 | -2.07 | IHG ahead |
| 2025-01-22 | 103.85 | 114.71 | -1.86 | IHG ahead |
| 2025-01-21 | 103.64 | 114.15 | -1.79 | IHG ahead |
| 2025-01-17 | 103.27 | 111.49 | -1.27 | IHG ahead |
| 2025-01-16 | 103.28 | 110.76 | -1.09 | IHG ahead |
| 2025-01-15 | 102.14 | 108.59 | -0.85 | IHG ahead |
| 2025-01-14 | 102.58 | 108.57 | -0.73 | IHG ahead |
| 2025-01-13 | 101.11 | 108.30 | -1.05 | IHG ahead |
| 2025-01-10 | 100.79 | 107.71 | -1.00 | IHG ahead |
| 2025-01-08 | 101.88 | 107.10 | -0.55 | IHG ahead |
| 2025-01-07 | 101.08 | 107.89 | -0.97 | IHG ahead |
| 2025-01-06 | 101.98 | 107.76 | -0.69 | IHG ahead |
| 2025-01-03 | 103.23 | 107.90 | -0.40 | near the usual relationship |
| 2025-01-02 | 102.64 | 108.88 | -0.79 | IHG ahead |
| 2024-12-31 | 103.50 | 109.82 | -0.80 | IHG ahead |
| 2024-12-30 | 103.93 | 110.77 | -0.92 | IHG ahead |
| 2024-12-27 | 104.66 | 111.08 | -0.81 | IHG ahead |
| 2024-12-26 | 105.42 | 111.45 | -0.71 | IHG ahead |
| 2024-12-24 | 106.05 | 111.34 | -0.52 | IHG ahead |
| 2024-12-23 | 104.98 | 111.38 | -0.81 | IHG ahead |
| 2024-12-20 | 104.44 | 110.65 | -0.77 | IHG ahead |
| 2024-12-19 | 102.91 | 109.92 | -0.99 | IHG ahead |
| 2024-12-18 | 101.56 | 109.57 | -1.26 | IHG ahead |
| 2024-12-17 | 104.80 | 112.01 | -1.01 | IHG ahead |
| 2024-12-16 | 105.94 | 112.11 | -0.74 | IHG ahead |
| 2024-12-13 | 105.84 | 111.75 | -0.68 | IHG ahead |
| 2024-12-12 | 107.16 | 112.38 | -0.50 | IHG ahead |
| 2024-12-11 | 107.60 | 113.00 | -0.54 | IHG ahead |
| 2024-12-10 | 106.24 | 111.02 | -0.40 | near the usual relationship |
| 2024-12-09 | 104.69 | 111.95 | -1.03 | IHG ahead |
| 2024-12-06 | 108.23 | 114.48 | -0.74 | IHG ahead |
| 2024-12-05 | 106.94 | 115.10 | -1.21 | IHG ahead |
| 2024-12-04 | 106.36 | 113.14 | -0.90 | IHG ahead |
| 2024-12-03 | 105.11 | 112.51 | -1.08 | IHG ahead |
| 2024-12-02 | 104.88 | 111.21 | -0.83 | IHG ahead |
| 2024-11-29 | 106.13 | 110.99 | -0.46 | near the usual relationship |
| 2024-11-27 | 104.86 | 110.78 | -0.74 | IHG ahead |
| 2024-11-26 | 105.94 | 110.51 | -0.41 | near the usual relationship |
| 2024-11-25 | 106.21 | 110.12 | -0.25 | near the usual relationship |
| 2024-11-22 | 105.94 | 108.49 | +0.07 | near the usual relationship |
| 2024-11-21 | 105.45 | 108.98 | -0.17 | near the usual relationship |
| 2024-11-20 | 104.74 | 107.89 | -0.09 | near the usual relationship |
| 2024-11-19 | 104.59 | 107.33 | +0.00 | near the usual relationship |
| 2024-11-18 | 104.28 | 107.04 | -0.02 | near the usual relationship |
| 2024-11-15 | 104.02 | 106.55 | +0.03 | near the usual relationship |
| 2024-11-14 | 104.70 | 106.42 | +0.22 | near the usual relationship |
| 2024-11-13 | 105.80 | 107.49 | +0.22 | near the usual relationship |
| 2024-11-12 | 104.94 | 106.77 | +0.18 | near the usual relationship |
| 2024-11-11 | 104.84 | 107.55 | -0.03 | near the usual relationship |
| 2024-11-08 | 103.70 | 106.46 | -0.06 | near the usual relationship |
| 2024-11-07 | 103.11 | 104.51 | +0.26 | near the usual relationship |
| 2024-11-06 | 103.19 | 104.04 | +0.39 | near the usual relationship |
| 2024-11-05 | 98.68 | 99.24 | +0.45 | near the usual relationship |
| 2024-11-04 | 97.73 | 98.21 | +0.47 | near the usual relationship |
| 2024-11-01 | 99.02 | 98.78 | +0.65 | HLT ahead |
| 2024-10-31 | 98.34 | 97.98 | +0.68 | HLT ahead |
| 2024-10-30 | 99.83 | 99.16 | +0.76 | HLT ahead |
| 2024-10-29 | 100.14 | 99.60 | +0.73 | HLT ahead |
| 2024-10-28 | 99.31 | 99.41 | +0.58 | HLT ahead |
| 2024-10-25 | 98.87 | 98.30 | +0.75 | HLT ahead |
| 2024-10-24 | 98.49 | 98.08 | +0.71 | HLT ahead |
| 2024-10-23 | 97.78 | 98.51 | +0.42 | near the usual relationship |
| 2024-10-22 | 99.72 | 100.99 | +0.29 | near the usual relationship |
| 2024-10-21 | 99.22 | 99.37 | +0.57 | HLT ahead |
| 2024-10-18 | 100.00 | 100.00 | +0.61 | HLT ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Aug 7, 2025 (HLT -0.0%, IHG +6.3%); Sep 26, 2025 (HLT +0.2%, IHG +4.6%). Upcoming earnings: HLT Oct 27, 2026 (pre-market).
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)
3 simulated trades to Oct 20, 2026: -5.37% per trade on average after costs, 1 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long IHG · Short HLT | Apr 14, 2021 | Jul 28, 2021 | divergence stop | 105 | -$1,052.81 | -$76.81 | -$1,134.46 (-11.35%) |
| Long IHG · Short HLT | Feb 1, 2019 | Feb 21, 2019 | divergence stop | 20 | -$889.48 | -$68.50 | -$961.58 (-9.62%) |
| Long IHG · Short HLT | Dec 7, 2018 | Jan 7, 2019 | converged | 31 | $559.11 | -$66.89 | $486.67 (+4.87%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
HLT and IHG at a glance
HLT Hilton Worldwide Holdings Inc.
- Listing
- NYSE · SEC CIK 1585689
- Industry
- Hotels/Resorts · SIC 7011 Hotels & Motels
- Market value
- $77.9B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
IHG Intercontinental Hotels Group
- Listing
- NYSE · SEC CIK 858446
- Industry
- Hotels/Resorts · SIC 7011 Hotels & Motels
- Market value
- $24.9B
- 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.
Other rivals of HLT and IHG
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Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
