Specialty Foods

The Hershey Company vs The Magnum Ice Cream Company N.V.

Short historyHSY / MICCPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($34B vs $12B) in Nasdaq's "Specialty Foods" industry; SEC SIC 2060 / 2024 (same major group).

Less than a year of shared trading history, so no relationship can be measured yet.

Aligned sessions: 220 (needs >= 254)

Business leadership

Business size

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

Year	HSY	MICC	Larger
2025	$11.7B	-	-
2024	$11.2B	-	-
2023	$11.2B	-	-
2022	$10.4B	-	-
2021	$9.0B	-	-
2020	$8.1B	-	-

Market value: HSY $33.6B, MICC $11.5B.

Stock leadership

Neither is clearly ahead

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

No statistic yet.

Price change	3 mo	6 mo	12 mo
HSY	+0.8%	-8.6%	-
MICC	+8.7%	+47.5%	-

Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Fail: Aligned sessions: 220 (needs >= 254)
Data: Both stocks current

The twins over two years

Prices side by side, and the gap between them

HSY The Hershey Company MICC The Magnum Ice Cream Company N.V.Price index, 100 = 2025-12-08. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).

Spread z-score: HSY relative to MICC, against the 252 sessions before each day. Above 0: HSY ahead; below 0: MICC ahead. Lines at +/-2 (idea) and +/-4 (stop).

Data table (220 sessions)

Date	HSY index	MICC index	z
2026-10-22	97.16	129.96	n/a
2026-10-21	92.83	127.01	n/a
2026-10-20	93.80	127.28	n/a
2026-10-19	92.38	126.01	n/a
2026-10-16	94.50	125.87	n/a
2026-10-15	93.31	123.59	n/a
2026-10-14	90.86	121.92	n/a
2026-10-13	90.19	118.63	n/a
2026-10-12	90.63	119.50	n/a
2026-10-09	90.02	115.82	n/a
2026-10-08	89.91	116.89	n/a
2026-10-07	88.69	113.67	n/a
2026-10-06	88.95	115.15	n/a
2026-10-05	89.06	114.68	n/a
2026-10-02	88.61	117.16	n/a
2026-10-01	88.12	115.15	n/a
2026-09-30	87.18	119.17	n/a
2026-09-29	89.29	124.33	n/a
2026-09-28	90.94	126.01	n/a
2026-09-25	92.03	127.21	n/a
2026-09-24	92.31	129.22	n/a
2026-09-23	93.18	127.75	n/a
2026-09-22	93.19	129.49	n/a
2026-09-21	92.88	129.02	n/a
2026-09-18	93.92	127.21	n/a
2026-09-17	93.11	126.88	n/a
2026-09-16	94.47	126.01	n/a
2026-09-15	94.27	128.55	n/a
2026-09-14	96.07	133.45	n/a
2026-09-11	95.87	131.70	n/a
2026-09-10	96.44	130.70	n/a
2026-09-09	95.25	128.22	n/a
2026-09-08	95.85	129.56	n/a
2026-09-04	95.78	129.49	n/a
2026-09-03	96.84	132.31	n/a
2026-09-02	98.15	133.04	n/a
2026-09-01	97.36	132.24	n/a
2026-08-31	97.47	136.86	n/a
2026-08-28	99.04	135.25	n/a
2026-08-27	100.30	134.58	n/a
2026-08-26	102.53	135.86	n/a
2026-08-25	103.54	135.99	n/a
2026-08-24	105.07	135.05	n/a
2026-08-21	103.14	133.78	n/a
2026-08-20	104.17	132.31	n/a
2026-08-19	104.43	130.09	n/a
2026-08-18	101.48	127.21	n/a
2026-08-17	100.15	127.41	n/a
2026-08-14	101.90	131.23	n/a
2026-08-13	102.95	134.65	n/a
2026-08-12	101.91	131.84	n/a
2026-08-11	100.66	130.23	n/a
2026-08-10	101.09	128.69	n/a
2026-08-07	100.87	129.16	n/a
2026-08-06	101.24	126.81	n/a
2026-08-05	99.34	126.34	n/a
2026-08-04	99.04	122.59	n/a
2026-08-03	98.28	123.12	n/a
2026-07-31	96.83	124.73	n/a
2026-07-30	98.04	125.60	n/a
2026-07-29	101.73	122.25	n/a
2026-07-28	101.44	123.99	n/a
2026-07-27	99.67	120.91	n/a
2026-07-24	96.42	119.57	n/a
2026-07-23	95.22	118.90	n/a
2026-07-22	95.33	121.11	n/a
2026-07-21	94.39	119.84	n/a
2026-07-20	94.98	125.00	n/a
2026-07-17	94.82	125.34	n/a
2026-07-16	96.65	126.14	n/a
2026-07-15	94.19	125.20	n/a
2026-07-14	94.84	124.06	n/a
2026-07-13	96.94	123.73	n/a
2026-07-10	96.06	124.20	n/a
2026-07-09	94.95	123.19	n/a
2026-07-08	96.48	123.59	n/a
2026-07-07	97.33	126.27	n/a
2026-07-06	98.19	125.74	n/a
2026-07-02	100.75	125.47	n/a
2026-07-01	98.83	121.25	n/a
2026-06-30	97.05	116.69	n/a
2026-06-29	100.44	117.69	n/a
2026-06-26	99.08	117.29	n/a
2026-06-25	97.73	115.35	n/a
2026-06-24	101.25	114.14	n/a
2026-06-23	99.16	112.20	n/a
2026-06-22	94.53	109.58	n/a
2026-06-18	95.49	112.40	n/a
2026-06-17	96.97	114.48	n/a
2026-06-16	100.96	116.82	n/a
2026-06-15	100.18	119.44	n/a
2026-06-12	100.49	120.11	n/a
2026-06-11	100.03	120.84	n/a
2026-06-10	97.69	119.03	n/a
2026-06-09	97.27	117.02	n/a
2026-06-08	97.30	113.81	n/a
2026-06-05	102.10	114.41	n/a
2026-06-04	101.07	114.14	n/a
2026-06-03	101.34	112.06	n/a
2026-06-02	101.83	112.60	n/a
2026-06-01	103.11	108.78	n/a
2026-05-29	107.33	108.58	n/a
2026-05-28	108.99	109.79	n/a
2026-05-27	109.43	109.45	n/a
2026-05-26	105.72	104.96	n/a
2026-05-22	107.74	107.57	n/a
2026-05-21	105.32	109.05	n/a
2026-05-20	105.56	108.18	n/a
2026-05-19	106.65	103.82	n/a
2026-05-18	106.06	105.50	n/a
2026-05-15	103.43	111.66	n/a
2026-05-14	105.28	100.67	n/a
2026-05-13	108.24	98.93	n/a
2026-05-12	106.16	101.14	n/a
2026-05-11	104.67	99.66	n/a
2026-05-08	102.85	99.13	n/a
2026-05-07	103.47	98.32	n/a
2026-05-06	103.11	101.01	n/a
2026-05-05	102.28	101.14	n/a
2026-05-04	100.68	101.68	n/a
2026-05-01	100.86	99.53	n/a
2026-04-30	102.74	100.07	n/a
2026-04-29	104.64	87.53	n/a
2026-04-28	103.95	88.40	n/a
2026-04-27	103.16	87.67	n/a
2026-04-24	105.92	88.67	n/a
2026-04-23	106.26	88.14	n/a
2026-04-22	104.35	87.60	n/a
2026-04-21	104.39	90.21	n/a
2026-04-20	105.90	95.11	n/a
2026-04-17	106.55	97.72	n/a
2026-04-16	105.85	94.84	n/a
2026-04-15	106.15	94.24	n/a
2026-04-14	109.35	94.44	n/a
2026-04-13	109.31	95.91	n/a
2026-04-10	111.91	96.92	n/a
2026-04-09	116.63	97.86	n/a
2026-04-08	115.60	97.65	n/a
2026-04-07	114.49	96.25	n/a
2026-04-06	115.04	97.92	n/a
2026-04-02	114.06	95.84	n/a
2026-04-01	112.23	96.72	n/a
2026-03-31	115.00	100.20	n/a
2026-03-30	118.13	100.20	n/a
2026-03-27	118.23	98.06	n/a
2026-03-26	116.40	98.12	n/a
2026-03-25	120.04	98.19	n/a
2026-03-24	119.04	97.59	n/a
2026-03-23	119.02	98.79	n/a
2026-03-20	116.24	99.53	n/a
2026-03-19	116.48	101.27	n/a
2026-03-18	117.67	102.88	n/a
2026-03-17	120.43	104.62	n/a
2026-03-16	121.76	104.89	n/a
2026-03-13	120.09	103.89	n/a
2026-03-12	119.21	102.75	n/a
2026-03-11	120.51	103.89	n/a
2026-03-10	121.14	102.48	n/a
2026-03-09	123.23	102.41	n/a
2026-03-06	124.46	102.41	n/a
2026-03-05	125.33	102.01	n/a
2026-03-04	128.36	103.82	n/a
2026-03-03	129.53	101.27	n/a
2026-03-02	130.37	103.49	n/a
2026-02-27	130.70	106.37	n/a
2026-02-26	128.06	108.38	n/a
2026-02-25	127.03	107.91	n/a
2026-02-24	127.34	110.05	n/a
2026-02-23	125.05	105.63	n/a
2026-02-20	122.67	111.60	n/a
2026-02-19	121.65	110.05	n/a
2026-02-18	122.82	107.84	n/a
2026-02-17	121.36	106.64	n/a
2026-02-13	123.12	112.80	n/a
2026-02-12	125.16	109.32	n/a
2026-02-11	127.70	133.18	n/a
2026-02-10	126.67	128.75	n/a
2026-02-09	127.53	126.47	n/a
2026-02-06	128.07	128.82	n/a
2026-02-05	124.12	124.80	n/a
2026-02-04	113.83	122.65	n/a
2026-02-03	111.44	119.24	n/a
2026-02-02	109.53	117.49	n/a
2026-01-30	107.73	118.97	n/a
2026-01-29	105.40	120.38	n/a
2026-01-28	106.21	119.37	n/a
2026-01-27	106.00	117.90	n/a
2026-01-26	105.08	122.25	n/a
2026-01-23	105.76	112.87	n/a
2026-01-22	105.46	109.32	n/a
2026-01-21	108.46	110.32	n/a
2026-01-20	110.01	113.20	n/a
2026-01-16	109.39	111.93	n/a
2026-01-15	111.22	108.98	n/a
2026-01-14	110.14	109.45	n/a
2026-01-13	108.03	102.68	n/a
2026-01-12	106.83	102.14	n/a
2026-01-09	104.59	102.41	n/a
2026-01-08	102.20	101.88	n/a
2026-01-07	99.61	101.68	n/a
2026-01-06	99.17	101.94	n/a
2026-01-05	99.56	100.34	n/a
2026-01-02	100.90	103.89	n/a
2025-12-31	100.66	106.23	n/a
2025-12-30	100.78	106.57	n/a
2025-12-29	99.99	105.36	n/a
2025-12-26	101.89	105.36	n/a
2025-12-24	102.22	104.76	n/a
2025-12-23	101.02	105.03	n/a
2025-12-22	103.10	106.10	n/a
2025-12-19	104.69	106.43	n/a
2025-12-18	104.08	107.04	n/a
2025-12-17	104.51	106.17	n/a
2025-12-16	104.08	108.51	n/a
2025-12-15	104.05	110.39	n/a
2025-12-12	100.58	106.37	n/a
2025-12-11	100.44	104.56	n/a
2025-12-10	99.60	100.47	n/a
2025-12-09	98.89	97.25	n/a
2025-12-08	100.00	100.00	n/a

No one-day company-specific move of 4+ standard deviations in this window. Upcoming earnings: HSY Oct 29, 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

HSY and MICC at a glance

HSY The Hershey Company

Listing: NYSE · SEC CIK 47111
Industry: Specialty Foods · SIC 2060 Sugar & Confectionery Products
Market value: $33.6B
Price history: 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

MICC The Magnum Ice Cream Company N.V.

Listing: NYSE · SEC CIK 2071668
Industry: Specialty Foods · SIC 2024 Ice Cream & Frozen Desserts
Market value: $11.5B
Price history: 220 daily closes, Dec 8, 2025 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.