SIC 3570 Computer & office Equipment

Hewlett Packard Enterprise Company vs HP Inc.

WatchlistHPE / HPQPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($74B vs $27B) with SEC SIC 3570 (Computer & office Equipment).

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: 0.34 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.52 (needs <= -2.873 (5% critical value))
Business leadership

HPQ is the larger business

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

YearHPEHPQLarger
2025$34.3B$55.3BHPQ
2024$30.1B$53.6BHPQ
2023$29.1B$53.7BHPQ
2022$28.5B$62.9BHPQ
2021$27.8B$63.5BHPQ
2020$27.0B$56.6BHPQ

HPQ led in every year with figures for both. Market value: HPE $74.2B, HPQ $27.3B.

Stock leadership

HPE is ahead now

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

HPE leads HPQ by 0.57 standard deviations: +18.3% over its usual price ratio. 0 lead switches in the last year.

Price change3 mo6 mo12 mo
HPE+16.3%+98.6%+138.4%
HPQ+31.1%+67.6%+19.9%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.34 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.52 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 55.33 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

HPE Hewlett Packard Enterprise Company HPQ HP Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100200300Oct 2024Oct 2025Oct 2026HPE 268HPQ 91
Spread z-score: HPE relative to HPQ, against the 252 sessions before each day. Above 0: HPE ahead; below 0: HPQ ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateHPE indexHPQ indexzAhead
2026-10-22268.1090.56+0.57HPE ahead
2026-10-21281.1584.01+1.00HPE ahead
2026-10-20271.1083.72+0.89HPE ahead
2026-10-19270.0381.12+0.99HPE ahead
2026-10-16266.4680.50+0.98HPE ahead
2026-10-15283.3782.75+1.10HPE ahead
2026-10-14305.0381.71+1.40HPE ahead
2026-10-13332.5882.16+1.69HPE ahead
2026-10-12339.9280.12+1.87HPE ahead
2026-10-09355.0581.01+2.00HPE ahead
2026-10-08343.1687.02+1.66HPE ahead
2026-10-07348.4386.48+1.75HPE ahead
2026-10-06340.6585.11+1.74HPE ahead
2026-10-05330.4084.42+1.68HPE ahead
2026-10-02335.0986.16+1.67HPE ahead
2026-10-01312.1386.24+1.44HPE ahead
2026-09-30308.8083.91+1.51HPE ahead
2026-09-29297.2082.43+1.45HPE ahead
2026-09-28302.7184.01+1.46HPE ahead
2026-09-25304.2083.96+1.49HPE ahead
2026-09-24307.0183.53+1.55HPE ahead
2026-09-23301.2686.27+1.39HPE ahead
2026-09-22294.9785.94+1.34HPE ahead
2026-09-21298.4588.39+1.29HPE ahead
2026-09-18293.6792.27+1.10HPE ahead
2026-09-17295.0292.97+1.10HPE ahead
2026-09-16273.9587.71+1.05HPE ahead
2026-09-15270.0890.72+0.89HPE ahead
2026-09-14267.8191.26+0.85HPE ahead
2026-09-11300.1095.17+1.10HPE ahead
2026-09-10266.8987.80+0.99HPE ahead
2026-09-09284.6886.88+1.25HPE ahead
2026-09-08270.8183.61+1.22HPE ahead
2026-09-04251.3387.55+0.81HPE ahead
2026-09-03263.1285.65+1.05HPE ahead
2026-09-02250.5185.81+0.89HPE ahead
2026-09-01245.8784.01+0.90HPE ahead
2026-08-31252.4980.53+1.14HPE ahead
2026-08-28252.8381.87+1.10HPE ahead
2026-08-27262.9879.48+1.34HPE ahead
2026-08-26266.9481.87+1.30HPE ahead
2026-08-25258.2979.18+1.32HPE ahead
2026-08-24253.4176.66+1.37HPE ahead
2026-08-21258.3479.69+1.32HPE ahead
2026-08-20255.6379.05+1.32HPE ahead
2026-08-19256.7980.31+1.29HPE ahead
2026-08-18269.1680.36+1.46HPE ahead
2026-08-17278.4478.86+1.65HPE ahead
2026-08-14283.7680.77+1.65HPE ahead
2026-08-13289.1383.96+1.59HPE ahead
2026-08-12284.1578.54+1.78HPE ahead
2026-08-11262.8377.98+1.55HPE ahead
2026-08-10264.2879.94+1.50HPE ahead
2026-08-07257.2380.61+1.39HPE ahead
2026-08-06253.4175.59+1.57HPE ahead
2026-08-05257.2376.50+1.59HPE ahead
2026-08-04253.2177.31+1.52HPE ahead
2026-08-03242.8272.75+1.60HPE ahead
2026-07-31231.5173.15+1.43HPE ahead
2026-07-30227.8472.05+1.44HPE ahead
2026-07-29214.7976.21+1.05HPE ahead
2026-07-28220.3575.89+1.16HPE ahead
2026-07-27232.9171.22+1.58HPE ahead
2026-07-24230.5069.07+1.67HPE ahead
2026-07-23230.2665.75+1.85HPE ahead
2026-07-22232.6267.33+1.82HPE ahead
2026-07-21225.8166.55+1.78HPE ahead
2026-07-20215.3764.97+1.72HPE ahead
2026-07-17221.4666.63+1.74HPE ahead
2026-07-16218.1264.75+1.81HPE ahead
2026-07-15229.0563.71+2.06HPE ahead
2026-07-14239.5466.07+2.12HPE ahead
2026-07-13228.3266.44+1.95HPE ahead
2026-07-10234.6164.97+2.16HPE ahead
2026-07-09237.3664.73+2.24HPE ahead
2026-07-08215.9063.79+1.97HPE ahead
2026-07-07210.1061.59+2.03HPE ahead
2026-07-06208.5560.62+2.08HPE ahead
2026-07-02199.2858.83+2.05HPE ahead
2026-07-01212.4259.07+2.30HPE ahead
2026-06-30218.0358.85+2.45HPE ahead
2026-06-29214.6460.73+2.30HPE ahead
2026-06-26211.2661.37+2.23HPE ahead
2026-06-25225.8161.48+2.51HPE ahead
2026-06-24235.6262.47+2.66HPE ahead
2026-06-23236.4463.49+2.65HPE ahead
2026-06-22233.9363.14+2.67HPE ahead
2026-06-18229.1463.04+2.64HPE ahead
2026-06-17232.9662.18+2.81HPE ahead
2026-06-16233.8365.16+2.68HPE ahead
2026-06-15236.9365.99+2.72HPE ahead
2026-06-12232.8267.70+2.58HPE ahead
2026-06-11226.2066.20+2.60HPE ahead
2026-06-10219.8666.23+2.51HPE ahead
2026-06-09233.3066.90+2.77HPE ahead
2026-06-08241.0368.08+2.88HPE ahead
2026-06-05237.8068.62+2.84HPE ahead
2026-06-04259.5070.55+3.16HPE ahead
2026-06-03266.5569.85+3.41HPE ahead
2026-06-02271.3973.20+3.35HPE ahead
2026-06-01227.1678.70+2.22HPE ahead
2026-05-29208.0272.53+2.21HPE ahead
2026-05-28184.6867.09+2.03HPE ahead
2026-05-27179.8068.37+1.83HPE ahead
2026-05-26183.9565.53+2.15HPE ahead
2026-05-22181.6367.70+1.95HPE ahead
2026-05-21164.1958.74+2.16HPE ahead
2026-05-20163.3656.52+2.34HPE ahead
2026-05-19157.6656.25+2.21HPE ahead
2026-05-18159.5056.12+2.30HPE ahead
2026-05-15159.9855.82+2.36HPE ahead
2026-05-14164.9655.71+2.54HPE ahead
2026-05-13155.0057.03+2.16HPE ahead
2026-05-12146.0156.55+1.94HPE ahead
2026-05-11149.2058.13+1.93HPE ahead
2026-05-08151.5260.84+1.80HPE ahead
2026-05-07143.5556.30+1.92HPE ahead
2026-05-06146.7957.43+1.95HPE ahead
2026-05-05145.1956.73+1.98HPE ahead
2026-05-04138.7655.79+1.86HPE ahead
2026-05-01138.0955.87+1.84HPE ahead
2026-04-30139.0555.95+1.89HPE ahead
2026-04-29136.7854.02+1.99HPE ahead
2026-04-28135.0952.92+2.05HPE ahead
2026-04-27138.3353.00+2.18HPE ahead
2026-04-24136.1053.08+2.12HPE ahead
2026-04-23134.9954.02+2.01HPE ahead
2026-04-22137.8054.83+2.06HPE ahead
2026-04-21139.0056.57+1.97HPE ahead
2026-04-20134.4152.55+2.18HPE ahead
2026-04-17127.7953.33+1.89HPE ahead
2026-04-16125.1352.90+1.84HPE ahead
2026-04-15118.9951.58+1.73HPE ahead
2026-04-14118.2750.94+1.77HPE ahead
2026-04-13119.9151.58+1.79HPE ahead
2026-04-10120.3048.98+2.07HPE ahead
2026-04-09120.0149.30+2.04HPE ahead
2026-04-08120.7350.67+1.96HPE ahead
2026-04-07119.0449.92+1.97HPE ahead
2026-04-06118.8050.80+1.89HPE ahead
2026-04-02118.9552.33+1.77HPE ahead
2026-04-01115.9050.83+1.80HPE ahead
2026-03-31115.0851.53+1.71HPE ahead
2026-03-30109.2851.10+1.51HPE ahead
2026-03-27115.7152.15+1.69HPE ahead
2026-03-26121.1751.82+1.96HPE ahead
2026-03-25124.6052.20+2.07HPE ahead
2026-03-24115.5150.67+1.87HPE ahead
2026-03-23107.8849.70+1.65HPE ahead
2026-03-20104.8349.01+1.59HPE ahead
2026-03-19106.9149.57+1.64HPE ahead
2026-03-18104.0648.87+1.59HPE ahead
2026-03-17104.7450.30+1.49HPE ahead
2026-03-16105.6150.11+1.56HPE ahead
2026-03-13104.3050.78+1.45HPE ahead
2026-03-12104.3050.83+1.45HPE ahead
2026-03-11103.5849.52+1.54HPE ahead
2026-03-10101.9850.40+1.40HPE ahead
2026-03-09105.4150.78+1.53HPE ahead
2026-03-06102.1352.20+1.27HPE ahead
2026-03-05103.7751.88+1.38HPE ahead
2026-03-04104.1651.45+1.45HPE ahead
2026-03-03104.5950.99+1.52HPE ahead
2026-03-02106.9650.16+1.71HPE ahead
2026-02-27103.7750.94+1.52HPE ahead
2026-02-26100.7250.46+1.44HPE ahead
2026-02-2599.7148.85+1.55HPE ahead
2026-02-2497.8748.82+1.48HPE ahead
2026-02-2396.6749.22+1.40HPE ahead
2026-02-20103.2949.87+1.66HPE ahead
2026-02-19103.3849.20+1.74HPE ahead
2026-02-18104.1649.22+1.79HPE ahead
2026-02-17106.1949.60+1.87HPE ahead
2026-02-13109.6751.66+1.85HPE ahead
2026-02-12107.3050.62+1.86HPE ahead
2026-02-11115.0853.00+2.00HPE ahead
2026-02-10115.8553.14+2.04HPE ahead
2026-02-09115.5652.12+2.15HPE ahead
2026-02-06114.1152.71+2.06HPE ahead
2026-02-05109.7651.37+2.02HPE ahead
2026-02-04112.3253.17+1.99HPE ahead
2026-02-03105.2750.97+1.90HPE ahead
2026-02-02106.3853.14+1.77HPE ahead
2026-01-30104.0152.15+1.77HPE ahead
2026-01-29106.3852.01+1.92HPE ahead
2026-01-28104.9351.10+1.96HPE ahead
2026-01-27104.4051.96+1.87HPE ahead
2026-01-26103.2952.20+1.81HPE ahead
2026-01-23101.7452.12+1.76HPE ahead
2026-01-22103.2453.19+1.75HPE ahead
2026-01-21101.5952.39+1.76HPE ahead
2026-01-2098.5553.11+1.55HPE ahead
2026-01-16103.6254.64+1.68HPE ahead
2026-01-15106.0955.28+1.76HPE ahead
2026-01-14106.7755.71+1.77HPE ahead
2026-01-13107.7356.55+1.76HPE ahead
2026-01-12106.8156.81+1.71HPE ahead
2026-01-09107.1557.59+1.67HPE ahead
2026-01-08106.4357.38+1.67HPE ahead
2026-01-07108.4156.57+1.86HPE ahead
2026-01-06114.9859.42+1.94HPE ahead
2026-01-05116.6358.10+2.17HPE ahead
2026-01-02116.8259.33+2.09HPE ahead
2025-12-31116.0959.76+2.04HPE ahead
2025-12-30116.3461.43+1.92HPE ahead
2025-12-29117.5960.97+2.05HPE ahead
2025-12-26118.3762.39+1.98HPE ahead
2025-12-24118.1262.12+2.02HPE ahead
2025-12-23118.8061.51+2.14HPE ahead
2025-12-22119.3862.15+2.13HPE ahead
2025-12-19118.0862.39+2.07HPE ahead
2025-12-18115.6162.90+1.92HPE ahead
2025-12-17116.0965.53+1.72HPE ahead
2025-12-16117.4566.60+1.71HPE ahead
2025-12-15116.2465.69+1.75HPE ahead
2025-12-12115.3766.36+1.66HPE ahead
2025-12-11118.6168.16+1.68HPE ahead
2025-12-10122.0968.37+1.86HPE ahead
2025-12-09119.7268.08+1.78HPE ahead
2025-12-08115.3267.25+1.64HPE ahead
2025-12-05112.7669.50+1.32HPE ahead
2025-12-04110.6869.47+1.21HPE ahead
2025-12-03107.5967.57+1.22HPE ahead
2025-12-02105.9467.46+1.14HPE ahead
2025-12-01106.0465.42+1.35HPE ahead
2025-11-28105.7065.50+1.33HPE ahead
2025-11-26104.0664.32+1.36HPE ahead
2025-11-25103.2465.24+1.23HPE ahead
2025-11-24101.9365.40+1.15HPE ahead
2025-11-2199.1864.27+1.10HPE ahead
2025-11-2096.7660.65+1.31HPE ahead
2025-11-1999.5760.27+1.53HPE ahead
2025-11-18101.0160.92+1.57HPE ahead
2025-11-17102.6161.35+1.64HPE ahead
2025-11-14110.3465.80+1.67HPE ahead
2025-11-13110.8367.01+1.60HPE ahead
2025-11-12113.4867.62+1.71HPE ahead
2025-11-11110.6366.34+1.68HPE ahead
2025-11-10115.4267.84+1.83HPE ahead
2025-11-07113.3470.49+1.49HPE ahead
2025-11-06113.1070.20+1.51HPE ahead
2025-11-05114.6071.46+1.49HPE ahead
2025-11-04113.8769.58+1.63HPE ahead
2025-11-03118.4172.45+1.64HPE ahead
2025-10-31118.0374.22+1.48HPE ahead
2025-10-30117.9873.79+1.53HPE ahead
2025-10-29117.3074.30+1.46HPE ahead
2025-10-28117.2175.30+1.38HPE ahead
2025-10-27116.8774.89+1.41HPE ahead
2025-10-24113.5874.20+1.30HPE ahead
2025-10-23112.0874.65+1.19HPE ahead
2025-10-22111.6074.20+1.21HPE ahead
2025-10-21112.4775.54+1.15HPE ahead
2025-10-20110.5474.20+1.17HPE ahead
2025-10-17110.9773.42+1.26HPE ahead
2025-10-16108.7572.96+1.19HPE ahead
2025-10-15121.0276.74+1.55HPE ahead
2025-10-14120.8376.56+1.57HPE ahead
2025-10-13119.8673.36+1.80HPE ahead
2025-10-10117.9368.54+2.15HPE ahead
2025-10-09126.8772.34+2.30HPE ahead
2025-10-08126.0572.51+2.28HPE ahead
2025-10-07120.4071.22+2.13HPE ahead
2025-10-06119.8271.38+2.11HPE ahead
2025-10-03118.0871.46+2.03HPE ahead
2025-10-02118.3271.03+2.11HPE ahead
2025-10-01120.4971.62+2.20HPE ahead
2025-09-30118.7073.04+2.00HPE ahead
2025-09-29116.6772.13+1.99HPE ahead
2025-09-26116.0071.65+2.01HPE ahead
2025-09-25117.0172.02+2.06HPE ahead
2025-09-24118.2273.77+1.99HPE ahead
2025-09-23119.3876.53+1.83HPE ahead
2025-09-22121.6075.80+2.04HPE ahead
2025-09-19120.7875.54+2.04HPE ahead
2025-09-18121.9975.75+2.11HPE ahead
2025-09-17119.5374.84+2.07HPE ahead
2025-09-16118.0874.36+2.05HPE ahead
2025-09-15120.0674.44+2.18HPE ahead
2025-09-12119.5375.03+2.11HPE ahead
2025-09-11120.1576.02+2.08HPE ahead
2025-09-10118.1276.10+1.97HPE ahead
2025-09-09115.4277.90+1.67HPE ahead
2025-09-08113.5878.73+1.49HPE ahead
2025-09-05113.6878.70+1.52HPE ahead
2025-09-04111.9477.58+1.52HPE ahead
2025-09-03110.2976.98+1.48HPE ahead
2025-09-02109.6277.63+1.40HPE ahead
2025-08-29109.0976.56+1.47HPE ahead
2025-08-28111.9476.05+1.71HPE ahead
2025-08-27109.8672.72+1.92HPE ahead
2025-08-26108.7572.45+1.89HPE ahead
2025-08-25109.0473.77+1.80HPE ahead
2025-08-22108.5174.41+1.72HPE ahead
2025-08-21105.4671.30+1.84HPE ahead
2025-08-20101.6971.00+1.63HPE ahead
2025-08-19103.1472.42+1.60HPE ahead
2025-08-18104.5471.97+1.76HPE ahead
2025-08-15102.2771.73+1.64HPE ahead
2025-08-14103.0472.24+1.66HPE ahead
2025-08-13104.2072.80+1.70HPE ahead
2025-08-12103.0471.35+1.78HPE ahead
2025-08-1199.5268.43+1.85HPE ahead
2025-08-08100.5870.04+1.77HPE ahead
2025-08-0798.6068.00+1.86HPE ahead
2025-08-0697.2967.09+1.88HPE ahead
2025-08-0596.0467.19+1.80HPE ahead
2025-08-0496.7666.98+1.90HPE ahead
2025-08-0195.7565.58+2.00HPE ahead
2025-07-31100.0066.52+2.24HPE ahead
2025-07-30100.9767.33+2.26HPE ahead
2025-07-29100.7768.86+2.10HPE ahead
2025-07-28100.9269.34+2.08HPE ahead
2025-07-25100.1968.88+2.10HPE ahead
2025-07-2499.1368.91+2.04HPE ahead
2025-07-23100.3469.42+2.11HPE ahead
2025-07-2298.6568.16+2.15HPE ahead
2025-07-2199.8666.60+2.46HPE ahead
2025-07-18102.0367.22+2.60HPE ahead
2025-07-17100.6866.39+2.64HPE ahead
2025-07-1698.3665.88+2.56HPE ahead
2025-07-1598.0265.77+2.59HPE ahead
2025-07-1499.9066.60+2.69HPE ahead
2025-07-11100.1468.19+2.56HPE ahead
2025-07-10102.9069.02+2.74HPE ahead
2025-07-09100.5368.72+2.62HPE ahead
2025-07-08100.6369.21+2.61HPE ahead
2025-07-07101.0667.97+2.86HPE ahead
2025-07-03103.1469.74+2.87HPE ahead
2025-07-02102.7169.34+2.95HPE ahead
2025-07-0198.9968.40+2.78HPE ahead
2025-06-3098.8465.61+3.24HPE ahead
2025-06-2788.9866.44+2.13HPE ahead
2025-06-2688.7966.28+2.16HPE ahead
2025-06-2589.3765.80+2.33HPE ahead
2025-06-2487.7265.83+2.17HPE ahead
2025-06-2386.0864.14+2.27HPE ahead
2025-06-2086.8164.67+2.30HPE ahead
2025-06-1885.9464.86+2.20HPE ahead
2025-06-1786.5265.16+2.25HPE ahead
2025-06-1688.1665.77+2.39HPE ahead
2025-06-1385.3163.95+2.37HPE ahead
2025-06-1287.6366.36+2.30HPE ahead
2025-06-1188.0666.58+2.35HPE ahead
2025-06-1088.6468.56+2.13HPE ahead
2025-06-0988.5067.38+2.34HPE ahead
2025-06-0687.5367.54+2.21HPE ahead
2025-06-0585.8466.26+2.23HPE ahead
2025-06-0486.2367.54+2.08HPE ahead
2025-06-0385.5068.08+1.91HPE ahead
2025-06-0283.8166.82+1.92HPE ahead
2025-05-3083.5266.79+1.90HPE ahead
2025-05-2985.3166.93+2.15HPE ahead
2025-05-2885.5072.96+1.20HPE ahead
2025-05-2786.7176.02+0.90HPE ahead
2025-05-2384.2075.05+0.72HPE ahead
2025-05-2284.8276.45+0.59HPE ahead
2025-05-2184.7876.74+0.55HPE ahead
2025-05-2085.6577.74+0.52HPE ahead
2025-05-1984.3978.06+0.31near the usual relationship
2025-05-1685.7978.65+0.41near the usual relationship
2025-05-1585.1677.20+0.54HPE ahead
2025-05-1486.2776.85+0.75HPE ahead
2025-05-1386.6177.20+0.74HPE ahead
2025-05-1285.7475.80+0.84HPE ahead
2025-05-0981.6370.98+1.04HPE ahead
2025-05-0881.5470.63+1.09HPE ahead
2025-05-0780.0469.34+1.09HPE ahead
2025-05-0679.7068.75+1.15HPE ahead
2025-05-0580.5769.47+1.16HPE ahead
2025-05-0281.4969.61+1.28HPE ahead
2025-05-0179.3168.11+1.22HPE ahead
2025-04-3078.4068.59+1.00HPE ahead
2025-04-2978.8368.45+1.10HPE ahead
2025-04-2879.7068.11+1.29HPE ahead
2025-04-2578.4967.81+1.17HPE ahead
2025-04-2478.2067.95+1.11HPE ahead
2025-04-2374.1966.07+0.82HPE ahead
2025-04-2273.2264.86+0.88HPE ahead
2025-04-2171.6363.71+0.83HPE ahead
2025-04-1773.1863.92+1.05HPE ahead
2025-04-1671.9262.96+1.03HPE ahead
2025-04-1572.5563.68+1.00HPE ahead
2025-04-1469.0264.48+0.26near the usual relationship
2025-04-1168.3462.88+0.44near the usual relationship
2025-04-1066.4161.35+0.39near the usual relationship
2025-04-0970.0865.13+0.32near the usual relationship
2025-04-0860.4658.69-0.20near the usual relationship
2025-04-0764.4362.71-0.24near the usual relationship
2025-04-0461.8260.65-0.34near the usual relationship
2025-04-0366.1263.79-0.14near the usual relationship
2025-04-0277.9174.79-0.08near the usual relationship
2025-04-0175.5974.54-0.40near the usual relationship
2025-03-3174.5874.28-0.52HPQ ahead
2025-03-2876.3274.84-0.34near the usual relationship
2025-03-2777.0476.85-0.55HPQ ahead
2025-03-2677.6777.01-0.48near the usual relationship
2025-03-2579.8577.28-0.19near the usual relationship
2025-03-2479.6577.79-0.30near the usual relationship
2025-03-2177.5776.93-0.48near the usual relationship
2025-03-2078.4476.48-0.28near the usual relationship
2025-03-1978.9877.15-0.30near the usual relationship
2025-03-1876.9976.98-0.58HPQ ahead
2025-03-1776.5677.55-0.73HPQ ahead
2025-03-1475.5076.21-0.70HPQ ahead
2025-03-1371.3974.87-1.16HPQ ahead
2025-03-1272.9376.37-1.15HPQ ahead
2025-03-1174.1476.77-1.02HPQ ahead
2025-03-1072.8980.42-1.80HPQ ahead
2025-03-0776.4181.92-1.47HPQ ahead
2025-03-0686.8180.39+0.30near the usual relationship
2025-03-0591.3079.18+1.10HPE ahead
2025-03-0491.0678.57+1.17HPE ahead
2025-03-0391.9880.58+0.99HPE ahead
2025-02-2895.7582.81+1.16HPE ahead
2025-02-2795.8988.87+0.33near the usual relationship
2025-02-2698.4590.75+0.40near the usual relationship
2025-02-2598.0791.47+0.27near the usual relationship
2025-02-24100.2993.00+0.34near the usual relationship
2025-02-21102.1792.89+0.58HPE ahead
2025-02-20105.0793.13+0.89HPE ahead
2025-02-19105.6193.03+0.97HPE ahead
2025-02-18105.2791.74+1.11HPE ahead
2025-02-14104.9390.24+1.27HPE ahead
2025-02-13102.8589.32+1.17HPE ahead
2025-02-12101.9388.63+1.16HPE ahead
2025-02-11102.3788.92+1.18HPE ahead
2025-02-10103.5888.04+1.46HPE ahead
2025-02-07102.8086.56+1.58HPE ahead
2025-02-06103.2487.45+1.53HPE ahead
2025-02-05103.2487.37+1.55HPE ahead
2025-02-04100.6885.86+1.47HPE ahead
2025-02-0398.8985.84+1.27HPE ahead
2025-01-31102.4287.18+1.52HPE ahead
2025-01-30102.4287.98+1.42HPE ahead
2025-01-29104.6987.47+1.78HPE ahead
2025-01-28103.7287.82+1.63HPE ahead
2025-01-27110.9289.40+2.27HPE ahead
2025-01-24117.7987.80+3.31HPE ahead
2025-01-23117.7489.54+3.13HPE ahead
2025-01-22118.0388.87+3.34HPE ahead
2025-01-21114.5588.39+3.08HPE ahead
2025-01-17111.8487.20+3.01HPE ahead
2025-01-16113.1586.78+3.31HPE ahead
2025-01-15112.6187.96+3.13HPE ahead
2025-01-14108.9487.63+2.77HPE ahead
2025-01-13106.2387.50+2.47HPE ahead
2025-01-10106.7289.06+2.32HPE ahead
2025-01-08106.4889.73+2.21HPE ahead
2025-01-07107.6890.32+2.31HPE ahead
2025-01-06110.4490.85+2.64HPE ahead
2025-01-03105.4688.89+2.31HPE ahead
2025-01-02103.7787.10+2.41HPE ahead
2024-12-31103.1987.53+2.28HPE ahead
2024-12-30103.4387.53+2.35HPE ahead
2024-12-27104.6489.27+2.25HPE ahead
2024-12-26106.4889.67+2.50HPE ahead
2024-12-24105.8089.70+2.43HPE ahead
2024-12-23105.4689.14+2.52HPE ahead
2024-12-20104.4588.36+2.54HPE ahead
2024-12-19100.9787.07+2.26HPE ahead
2024-12-1899.5287.15+2.02HPE ahead
2024-12-17104.1190.77+2.13HPE ahead
2024-12-16105.6191.71+2.23HPE ahead
2024-12-13105.5192.68+2.06HPE ahead
2024-12-12105.5193.83+1.86HPE ahead
2024-12-11105.9092.68+2.17HPE ahead
2024-12-10105.9493.72+2.01HPE ahead
2024-12-09111.7097.77+2.23HPE ahead
2024-12-06115.7697.10+3.05HPE ahead
2024-12-05104.6497.02+1.24HPE ahead
2024-12-04105.1797.53+1.24HPE ahead
2024-12-03102.9598.69+0.64HPE ahead
2024-12-02102.7197.77+0.77HPE ahead
2024-11-29102.5695.04+1.27HPE ahead
2024-11-27100.5392.97+1.32HPE ahead
2024-11-26106.96104.88+0.24near the usual relationship
2024-11-25107.35105.42+0.21near the usual relationship
2024-11-22106.81102.28+0.68HPE ahead
2024-11-21105.07101.69+0.49near the usual relationship
2024-11-20102.3798.39+0.62HPE ahead
2024-11-19104.0698.90+0.83HPE ahead
2024-11-18103.33100.40+0.42near the usual relationship
2024-11-15101.8498.50+0.50HPE ahead
2024-11-14103.1497.88+0.86HPE ahead
2024-11-13105.6198.74+1.14HPE ahead
2024-11-12105.0399.54+0.89HPE ahead
2024-11-11106.43101.05+0.86HPE ahead
2024-11-08106.5298.77+1.30HPE ahead
2024-11-07103.62100.16+0.53HPE ahead
2024-11-06103.0999.01+0.65HPE ahead
2024-11-0596.6798.28-0.42near the usual relationship
2024-11-0496.7196.54-0.08near the usual relationship
2024-11-0196.9697.32-0.19near the usual relationship
2024-10-3194.2095.28-0.33near the usual relationship
2024-10-3098.3198.02-0.07near the usual relationship
2024-10-2996.0499.41-0.77HPQ ahead
2024-10-2895.36100.38-1.09HPQ ahead
2024-10-2594.0698.93-1.08HPQ ahead
2024-10-2493.7797.83-0.94HPQ ahead
2024-10-2393.3396.16-0.72HPQ ahead
2024-10-2296.1397.18-0.37near the usual relationship
2024-10-2196.5297.80-0.42near the usual relationship
2024-10-18100.00100.00-0.18near the usual relationship

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Dec 6, 2024 (HPE +10.6%, HPQ +0.1%); Mar 7, 2025 (HPE -12.0%, HPQ +1.9%); Jun 30, 2025 (HPE +11.1%, HPQ -1.3%); Jun 2, 2026 (HPE +19.5%, HPQ -7.0%).

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: +12.45% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long HPQ · Short HPEOct 13, 2021Oct 27, 2021converged14$1,291.14-$47.61$1,244.90 (+12.45%)

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

The companies

HPE and HPQ at a glance

HPE Hewlett Packard Enterprise Company

Listing
NYSE · SEC CIK 1645590
Industry
Retail: Computer Software & Peripheral Equipment · SIC 3570 Computer & office Equipment
Market value
$74.2B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

HPQ HP Inc.

Listing
NYSE · SEC CIK 47217
Industry
Computer Manufacturing · SIC 3570 Computer & office Equipment
Market value
$27.3B
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
IBM / HPQWatchlistHPQ by 1.57 sdSIC 3570 Computer & office Equipment
IBM / HPEWatchlistHPE by 1.11 sdSIC 3570 Computer & office Equipment

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Explore the private beta

Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.