Major Chemicals

International Flavors & Fragrances Inc. vs Linde plc

WatchlistIFF / LINPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($232B vs $23B) in Nasdaq's "Major Chemicals" industry; SEC SIC 2810 / 2860 (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.

  • Co-movement: daily return correlation, 252 sessions: 0.30 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.58 (needs <= -2.873 (5% critical value))
Business leadership

LIN is the larger business

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

YearIFFLINLarger
2025$10.9B$34.0BLIN
2024$11.5B$33.0BLIN
2023$11.5B$32.9BLIN
2022$12.4B$33.4BLIN
2021$11.7B$30.8BLIN
2020$5.1B$27.2BLIN

LIN led in every year with figures for both. Market value: IFF $23.2B, LIN $232.1B.

Stock leadership

IFF is ahead now

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

IFF leads LIN by 1.88 standard deviations: +16.6% over its usual price ratio. 5 lead switches in the last year.

Price change3 mo6 mo12 mo
IFF+23.6%+32.3%+44.3%
LIN-0.4%+0.5%+13.4%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 915 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.30 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.58 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 21.42 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

IFF International Flavors & Fragrances Inc. LIN Linde plcPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
6080100Oct 2024Oct 2025Oct 2026IFF 90LIN 105
Spread z-score: IFF relative to LIN, against the 252 sessions before each day. Above 0: IFF ahead; below 0: LIN ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateIFF indexLIN indexzAhead
2026-10-2289.79104.92+1.88IFF ahead
2026-10-2187.11102.90+1.77IFF ahead
2026-10-2087.28103.17+1.78IFF ahead
2026-10-1987.04103.49+1.72IFF ahead
2026-10-1686.78102.46+1.82IFF ahead
2026-10-1586.40101.39+1.91IFF ahead
2026-10-1485.74101.28+1.84IFF ahead
2026-10-1384.40101.16+1.67IFF ahead
2026-10-1281.30100.19+1.33IFF ahead
2026-10-0980.9199.44+1.37IFF ahead
2026-10-0881.0099.02+1.45IFF ahead
2026-10-0780.4999.49+1.32IFF ahead
2026-10-0680.31100.72+1.15IFF ahead
2026-10-0579.6799.16+1.25IFF ahead
2026-10-0278.8798.57+1.20IFF ahead
2026-10-0179.5496.51+1.56IFF ahead
2026-09-3079.8997.57+1.49IFF ahead
2026-09-2981.5897.31+1.78IFF ahead
2026-09-2882.0397.04+1.89IFF ahead
2026-09-2582.0096.60+1.95IFF ahead
2026-09-2482.1596.24+2.03IFF ahead
2026-09-2382.0296.56+1.99IFF ahead
2026-09-2282.1095.57+2.15IFF ahead
2026-09-2180.0094.05+2.05IFF ahead
2026-09-1879.3994.64+1.90IFF ahead
2026-09-1781.2594.25+2.25IFF ahead
2026-09-1680.7794.99+2.11IFF ahead
2026-09-1580.6195.17+2.09IFF ahead
2026-09-1479.8495.47+1.96IFF ahead
2026-09-1180.0195.84+1.96IFF ahead
2026-09-1080.4394.90+2.17IFF ahead
2026-09-0980.6895.93+2.10IFF ahead
2026-09-0881.9396.29+2.28IFF ahead
2026-09-0482.6398.17+2.17IFF ahead
2026-09-0382.7499.12+2.09IFF ahead
2026-09-0283.20100.21+2.05IFF ahead
2026-09-0182.09100.06+1.92IFF ahead
2026-08-3182.61100.64+1.95IFF ahead
2026-08-2884.16100.63+2.22IFF ahead
2026-08-2783.1199.77+2.19IFF ahead
2026-08-2683.37100.80+2.13IFF ahead
2026-08-2583.41100.15+2.25IFF ahead
2026-08-2482.11100.74+1.99IFF ahead
2026-08-2180.65100.23+1.84IFF ahead
2026-08-2079.8098.94+1.89IFF ahead
2026-08-1979.7498.91+1.91IFF ahead
2026-08-1877.5198.41+1.61IFF ahead
2026-08-1778.3197.51+1.89IFF ahead
2026-08-1480.5699.24+2.06IFF ahead
2026-08-1380.4498.30+2.20IFF ahead
2026-08-1280.2498.56+2.15IFF ahead
2026-08-1181.34100.84+2.05IFF ahead
2026-08-1081.43101.24+2.03IFF ahead
2026-08-0782.19100.73+2.26IFF ahead
2026-08-0680.91100.75+2.07IFF ahead
2026-08-0584.28100.95+2.66IFF ahead
2026-08-0477.4199.63+1.65IFF ahead
2026-08-0377.1198.77+1.73IFF ahead
2026-07-3175.8198.34+1.56IFF ahead
2026-07-3076.06104.56+0.72IFF ahead
2026-07-2976.20105.08+0.68IFF ahead
2026-07-2875.84105.08+0.60IFF ahead
2026-07-2773.11104.23+0.19near the usual relationship
2026-07-2472.67105.31-0.05near the usual relationship
2026-07-2370.59104.08-0.30near the usual relationship
2026-07-2273.88104.57+0.27near the usual relationship
2026-07-2172.98103.82+0.20near the usual relationship
2026-07-2073.94105.26+0.18near the usual relationship
2026-07-1774.83105.50+0.32near the usual relationship
2026-07-1674.26107.05+0.00near the usual relationship
2026-07-1572.07105.69-0.25near the usual relationship
2026-07-1471.45107.42-0.60LIN ahead
2026-07-1371.87107.73-0.56LIN ahead
2026-07-1074.19108.91-0.28near the usual relationship
2026-07-0975.15108.04+0.01near the usual relationship
2026-07-0875.54108.47+0.02near the usual relationship
2026-07-0778.31110.64+0.24near the usual relationship
2026-07-0679.21111.12+0.34near the usual relationship
2026-07-0280.22112.37+0.36near the usual relationship
2026-07-0177.66109.68+0.24near the usual relationship
2026-06-3075.81106.68+0.29near the usual relationship
2026-06-2973.21105.06+0.01near the usual relationship
2026-06-2673.06106.82-0.25near the usual relationship
2026-06-2571.85107.37-0.55LIN ahead
2026-06-2472.56106.02-0.25near the usual relationship
2026-06-2371.49105.31-0.36near the usual relationship
2026-06-2272.68106.22-0.26near the usual relationship
2026-06-1873.42105.28-0.01near the usual relationship
2026-06-1772.78106.04-0.23near the usual relationship
2026-06-1674.50106.52+0.02near the usual relationship
2026-06-1574.99107.20+0.02near the usual relationship
2026-06-1274.90107.63-0.06near the usual relationship
2026-06-1174.17105.96+0.02near the usual relationship
2026-06-1071.03104.67-0.40near the usual relationship
2026-06-0972.52105.99-0.30near the usual relationship
2026-06-0869.47103.18-0.52LIN ahead
2026-06-0569.87104.41-0.60LIN ahead
2026-06-0470.08104.32-0.56LIN ahead
2026-06-0370.39104.34-0.51LIN ahead
2026-06-0270.09101.94-0.26near the usual relationship
2026-06-0171.06102.25-0.13near the usual relationship
2026-05-2972.78102.31+0.18near the usual relationship
2026-05-2874.67103.19+0.40near the usual relationship
2026-05-2773.68104.40+0.07near the usual relationship
2026-05-2672.60105.86-0.31near the usual relationship
2026-05-2272.04106.40-0.49near the usual relationship
2026-05-2172.01105.77-0.42near the usual relationship
2026-05-2071.22104.15-0.37near the usual relationship
2026-05-1968.89104.03-0.79LIN ahead
2026-05-1870.53105.02-0.61LIN ahead
2026-05-1569.95104.04-0.60LIN ahead
2026-05-1472.81105.18-0.24near the usual relationship
2026-05-1374.14105.51-0.05near the usual relationship
2026-05-1275.09103.58+0.34near the usual relationship
2026-05-1175.36103.69+0.37near the usual relationship
2026-05-0877.56101.38+1.01IFF ahead
2026-05-0774.89101.52+0.55IFF ahead
2026-05-0679.36103.17+1.06IFF ahead
2026-05-0567.72102.85-0.88LIN ahead
2026-05-0467.07101.46-0.84LIN ahead
2026-05-0167.76104.41-1.08LIN ahead
2026-04-3067.18103.02-1.03LIN ahead
2026-04-2965.92103.75-1.36LIN ahead
2026-04-2867.72104.90-1.17LIN ahead
2026-04-2767.93105.00-1.15LIN ahead
2026-04-2468.08104.90-1.12LIN ahead
2026-04-2367.89104.44-1.11LIN ahead
2026-04-2268.11101.68-0.75LIN ahead
2026-04-2169.30101.72-0.54LIN ahead
2026-04-2071.23102.41-0.29near the usual relationship
2026-04-1772.61101.19+0.09near the usual relationship
2026-04-1668.96102.63-0.72LIN ahead
2026-04-1568.45102.36-0.79LIN ahead
2026-04-1469.46102.71-0.66LIN ahead
2026-04-1368.61104.61-1.04LIN ahead
2026-04-1069.40103.43-0.77LIN ahead
2026-04-0969.98103.46-0.67LIN ahead
2026-04-0870.59102.88-0.50LIN ahead
2026-04-0766.97101.67-1.01LIN ahead
2026-04-0668.74102.68-0.82LIN ahead
2026-04-0269.31103.32-0.80LIN ahead
2026-04-0169.44101.52-0.57LIN ahead
2026-03-3169.43101.91-0.62LIN ahead
2026-03-3067.90102.63-0.99LIN ahead
2026-03-2767.95100.96-0.79LIN ahead
2026-03-2668.09101.86-0.88LIN ahead
2026-03-2567.67101.21-0.88LIN ahead
2026-03-2464.9898.64-1.07LIN ahead
2026-03-2365.2098.27-0.99LIN ahead
2026-03-2063.75100.35-1.53LIN ahead
2026-03-1965.20100.69-1.31LIN ahead
2026-03-1865.37100.44-1.25LIN ahead
2026-03-1768.21101.56-0.88LIN ahead
2026-03-1667.07102.25-1.17LIN ahead
2026-03-1366.61101.54-1.18LIN ahead
2026-03-1267.00100.81-1.03LIN ahead
2026-03-1165.7698.99-1.05LIN ahead
2026-03-1069.7198.25-0.26near the usual relationship
2026-03-0970.0199.42-0.36near the usual relationship
2026-03-0670.5999.65-0.29near the usual relationship
2026-03-0572.13100.74-0.17near the usual relationship
2026-03-0474.82102.62+0.04near the usual relationship
2026-03-0375.75103.13+0.12near the usual relationship
2026-03-0277.27104.71+0.17near the usual relationship
2026-02-2778.69104.45+0.40near the usual relationship
2026-02-2677.45102.48+0.44near the usual relationship
2026-02-2576.44104.49+0.05near the usual relationship
2026-02-2478.57103.61+0.47near the usual relationship
2026-02-2378.70102.41+0.62IFF ahead
2026-02-2077.89102.07+0.53IFF ahead
2026-02-1978.11100.75+0.70IFF ahead
2026-02-1879.3999.76+0.99IFF ahead
2026-02-1779.1899.13+1.02IFF ahead
2026-02-1379.4398.88+1.08IFF ahead
2026-02-1277.9997.21+1.06IFF ahead
2026-02-1173.6696.11+0.54IFF ahead
2026-02-1073.4594.67+0.67IFF ahead
2026-02-0971.9493.81+0.53IFF ahead
2026-02-0671.6092.15+0.66IFF ahead
2026-02-0570.2794.50+0.17near the usual relationship
2026-02-0471.0997.30-0.02near the usual relationship
2026-02-0367.3595.30-0.39near the usual relationship
2026-02-0266.7594.60-0.41near the usual relationship
2026-01-3066.8093.94-0.34near the usual relationship
2026-01-2966.6093.53-0.33near the usual relationship
2026-01-2869.0592.82+0.11near the usual relationship
2026-01-2770.0693.13+0.21near the usual relationship
2026-01-2670.8493.54+0.27near the usual relationship
2026-01-2370.0892.83+0.23near the usual relationship
2026-01-2269.0591.61+0.21near the usual relationship
2026-01-2168.2390.32+0.22near the usual relationship
2026-01-2067.8189.04+0.29near the usual relationship
2026-01-1668.5990.24+0.26near the usual relationship
2026-01-1567.7890.46+0.12near the usual relationship
2026-01-1467.1690.45+0.02near the usual relationship
2026-01-1366.6191.05-0.13near the usual relationship
2026-01-1265.9991.20-0.24near the usual relationship
2026-01-0966.1291.29-0.23near the usual relationship
2026-01-0865.6390.39-0.22near the usual relationship
2026-01-0764.4089.25-0.28near the usual relationship
2026-01-0665.9089.87-0.14near the usual relationship
2026-01-0564.0889.03-0.32near the usual relationship
2026-01-0265.1088.21-0.10near the usual relationship
2025-12-3164.4987.65-0.14near the usual relationship
2025-12-3065.0088.06-0.11near the usual relationship
2025-12-2964.8487.68-0.11near the usual relationship
2025-12-2664.5687.32-0.12near the usual relationship
2025-12-2464.0487.35-0.20near the usual relationship
2025-12-2363.5187.39-0.28near the usual relationship
2025-12-2263.7087.06-0.23near the usual relationship
2025-12-1962.9486.63-0.29near the usual relationship
2025-12-1862.5986.13-0.30near the usual relationship
2025-12-1762.7986.82-0.34near the usual relationship
2025-12-1661.8087.06-0.50LIN ahead
2025-12-1561.4185.72-0.43near the usual relationship
2025-12-1260.5485.57-0.54LIN ahead
2025-12-1160.5382.91-0.29near the usual relationship
2025-12-1062.5780.72+0.18near the usual relationship
2025-12-0961.7680.25+0.12near the usual relationship
2025-12-0862.5580.05+0.23near the usual relationship
2025-12-0564.2982.14+0.24near the usual relationship
2025-12-0463.6383.00+0.07near the usual relationship
2025-12-0364.2384.11+0.03near the usual relationship
2025-12-0265.5984.04+0.20near the usual relationship
2025-12-0166.2983.70+0.31near the usual relationship
2025-11-2866.4984.35+0.26near the usual relationship
2025-11-2666.7883.85+0.34near the usual relationship
2025-11-2566.2283.84+0.27near the usual relationship
2025-11-2464.5583.81+0.07near the usual relationship
2025-11-2164.5584.85-0.03near the usual relationship
2025-11-2061.7883.98-0.29near the usual relationship
2025-11-1962.3384.94-0.32near the usual relationship
2025-11-1863.1685.25-0.25near the usual relationship
2025-11-1762.3385.90-0.41near the usual relationship
2025-11-1463.0487.04-0.43near the usual relationship
2025-11-1364.5388.12-0.35near the usual relationship
2025-11-1262.5988.18-0.59LIN ahead
2025-11-1162.5087.71-0.57LIN ahead
2025-11-1060.0886.48-0.76LIN ahead
2025-11-0759.3386.44-0.86LIN ahead
2025-11-0660.1485.38-0.67LIN ahead
2025-11-0561.2485.98-0.60LIN ahead
2025-11-0458.8485.92-0.89LIN ahead
2025-11-0359.4184.73-0.73LIN ahead
2025-10-3160.2685.99-0.74LIN ahead
2025-10-3060.4188.38-0.92LIN ahead
2025-10-2960.5688.81-0.95LIN ahead
2025-10-2862.0991.01-0.95LIN ahead
2025-10-2762.4891.44-0.94LIN ahead
2025-10-2463.0791.68-0.90LIN ahead
2025-10-2362.9492.52-0.99LIN ahead
2025-10-2262.0392.49-1.09LIN ahead
2025-10-2162.2192.52-1.08LIN ahead
2025-10-2061.8692.83-1.15LIN ahead
2025-10-1761.0092.69-1.25LIN ahead
2025-10-1659.9091.32-1.28LIN ahead
2025-10-1559.2692.80-1.47LIN ahead
2025-10-1459.0194.41-1.63LIN ahead
2025-10-1357.5193.87-1.78LIN ahead
2025-10-1056.9993.29-1.82LIN ahead
2025-10-0957.5694.18-1.83LIN ahead
2025-10-0858.6696.17-1.86LIN ahead
2025-10-0758.3996.69-1.95LIN ahead
2025-10-0658.8596.32-1.89LIN ahead
2025-10-0359.5095.95-1.80LIN ahead
2025-10-0258.8696.51-1.93LIN ahead
2025-10-0158.3395.96-1.97LIN ahead
2025-09-3058.8997.65-2.05LIN ahead
2025-09-2958.3397.95-2.16LIN ahead
2025-09-2658.1197.52-2.18LIN ahead
2025-09-2557.7097.40-2.25LIN ahead
2025-09-2459.8597.47-2.02LIN ahead
2025-09-2359.7098.66-2.15LIN ahead
2025-09-2259.5298.21-2.16LIN ahead
2025-09-1960.7998.47-2.05LIN ahead
2025-09-1861.0097.85-2.00LIN ahead
2025-09-1760.6198.65-2.12LIN ahead
2025-09-1661.7496.92-1.88LIN ahead
2025-09-1561.6098.00-2.00LIN ahead
2025-09-1262.7999.09-1.96LIN ahead
2025-09-1163.4999.41-1.92LIN ahead
2025-09-1061.7097.17-1.98LIN ahead
2025-09-0962.2797.33-1.94LIN ahead
2025-09-0863.3297.57-1.86LIN ahead
2025-09-0563.1996.52-1.81LIN ahead
2025-09-0462.7197.11-1.93LIN ahead
2025-09-0362.8896.98-1.92LIN ahead
2025-09-0263.6897.47-1.88LIN ahead
2025-08-2964.6098.32-1.86LIN ahead
2025-08-2864.2199.12-1.99LIN ahead
2025-08-2763.9099.23-2.06LIN ahead
2025-08-2663.8599.07-2.07LIN ahead
2025-08-2564.2598.23-1.98LIN ahead
2025-08-2265.0599.02-1.97LIN ahead
2025-08-2163.2898.82-2.19LIN ahead
2025-08-2063.2699.16-2.25LIN ahead
2025-08-1963.0098.66-2.28LIN ahead
2025-08-1862.5098.37-2.35LIN ahead
2025-08-1562.9998.69-2.34LIN ahead
2025-08-1462.8998.19-2.35LIN ahead
2025-08-1363.6597.78-2.25LIN ahead
2025-08-1261.7697.28-2.49LIN ahead
2025-08-1160.7396.70-2.62LIN ahead
2025-08-0860.8297.12-2.69LIN ahead
2025-08-0761.4696.50-2.59LIN ahead
2025-08-0663.3196.92-2.41LIN ahead
2025-08-0567.5896.59-1.85LIN ahead
2025-08-0467.1396.08-1.88LIN ahead
2025-08-0166.4994.44-1.83LIN ahead
2025-07-3167.9794.62-1.68LIN ahead
2025-07-3068.6895.84-1.71LIN ahead
2025-07-2971.5796.93-1.47LIN ahead
2025-07-2871.9996.10-1.36LIN ahead
2025-07-2573.3397.21-1.31LIN ahead
2025-07-2472.6196.92-1.38LIN ahead
2025-07-2374.1296.62-1.18LIN ahead
2025-07-2273.6397.03-1.29LIN ahead
2025-07-2172.9796.71-1.35LIN ahead
2025-07-1872.7395.59-1.29LIN ahead
2025-07-1771.8094.83-1.34LIN ahead
2025-07-1671.0294.49-1.41LIN ahead
2025-07-1570.4894.68-1.51LIN ahead
2025-07-1471.4296.37-1.56LIN ahead
2025-07-1172.6896.37-1.42LIN ahead
2025-07-1073.3296.69-1.38LIN ahead
2025-07-0973.2596.88-1.42LIN ahead
2025-07-0872.9096.61-1.45LIN ahead
2025-07-0771.7796.53-1.59LIN ahead
2025-07-0373.0497.77-1.56LIN ahead
2025-07-0273.3398.09-1.57LIN ahead
2025-07-0171.8698.01-1.76LIN ahead
2025-06-3070.3896.45-1.82LIN ahead
2025-06-2771.1595.34-1.64LIN ahead
2025-06-2670.7495.48-1.72LIN ahead
2025-06-2571.0394.60-1.62LIN ahead
2025-06-2471.5095.21-1.63LIN ahead
2025-06-2370.5894.51-1.70LIN ahead
2025-06-2070.5293.71-1.65LIN ahead
2025-06-1871.6794.30-1.57LIN ahead
2025-06-1771.8094.75-1.62LIN ahead
2025-06-1673.4495.92-1.54LIN ahead
2025-06-1372.8195.79-1.62LIN ahead
2025-06-1275.0096.73-1.45LIN ahead
2025-06-1174.9696.32-1.43LIN ahead
2025-06-1075.9197.76-1.46LIN ahead
2025-06-0974.8397.06-1.54LIN ahead
2025-06-0673.5997.18-1.72LIN ahead
2025-06-0573.1796.67-1.74LIN ahead
2025-06-0474.1397.39-1.70LIN ahead
2025-06-0373.3696.99-1.78LIN ahead
2025-06-0272.4595.50-1.77LIN ahead
2025-05-3073.2696.12-1.75LIN ahead
2025-05-2972.8095.40-1.75LIN ahead
2025-05-2871.9095.08-1.86LIN ahead
2025-05-2773.9196.20-1.73LIN ahead
2025-05-2371.7794.34-1.84LIN ahead
2025-05-2272.4694.36-1.77LIN ahead
2025-05-2173.7593.64-1.54LIN ahead
2025-05-2074.5394.53-1.54LIN ahead
2025-05-1974.0194.63-1.64LIN ahead
2025-05-1674.3794.10-1.55LIN ahead
2025-05-1572.8593.37-1.69LIN ahead
2025-05-1471.4291.68-1.72LIN ahead
2025-05-1373.2192.64-1.60LIN ahead
2025-05-1273.0693.42-1.71LIN ahead
2025-05-0970.2793.05-2.08LIN ahead
2025-05-0870.8993.17-2.03LIN ahead
2025-05-0770.4292.44-2.04LIN ahead
2025-05-0675.7991.90-1.27LIN ahead
2025-05-0575.7493.02-1.40LIN ahead
2025-05-0275.6693.52-1.48LIN ahead
2025-05-0174.5092.11-1.49LIN ahead
2025-04-3075.0893.17-1.54LIN ahead
2025-04-2974.2192.63-1.61LIN ahead
2025-04-2873.0092.10-1.73LIN ahead
2025-04-2572.9692.18-1.76LIN ahead
2025-04-2473.3492.41-1.75LIN ahead
2025-04-2372.5992.14-1.83LIN ahead
2025-04-2271.4393.45-2.17LIN ahead
2025-04-2169.5891.24-2.22LIN ahead
2025-04-1769.3892.94-2.47LIN ahead
2025-04-1668.0092.09-2.63LIN ahead
2025-04-1569.3792.71-2.52LIN ahead
2025-04-1470.3291.69-2.28LIN ahead
2025-04-1170.0290.83-2.25LIN ahead
2025-04-1068.3188.78-2.30LIN ahead
2025-04-0969.8391.68-2.44LIN ahead
2025-04-0863.9784.97-2.60LIN ahead
2025-04-0767.6787.54-2.32LIN ahead
2025-04-0469.9790.03-2.28LIN ahead
2025-04-0373.1696.05-2.54LIN ahead
2025-04-0275.2396.56-2.30LIN ahead
2025-04-0174.1096.02-2.44LIN ahead
2025-03-3174.2795.72-2.40LIN ahead
2025-03-2873.1994.38-2.42LIN ahead
2025-03-2774.8195.53-2.32LIN ahead
2025-03-2674.3294.86-2.32LIN ahead
2025-03-2573.6194.04-2.35LIN ahead
2025-03-2474.1994.38-2.32LIN ahead
2025-03-2174.4994.22-2.26LIN ahead
2025-03-2076.3194.10-1.95LIN ahead
2025-03-1977.0894.51-1.88LIN ahead
2025-03-1877.3394.71-1.87LIN ahead
2025-03-1778.5194.63-1.66LIN ahead
2025-03-1476.2293.64-1.90LIN ahead
2025-03-1375.7693.18-1.91LIN ahead
2025-03-1276.1292.75-1.78LIN ahead
2025-03-1176.4493.34-1.80LIN ahead
2025-03-1076.8794.99-1.94LIN ahead
2025-03-0778.9796.37-1.77LIN ahead
2025-03-0678.5395.83-1.76LIN ahead
2025-03-0577.7596.26-1.93LIN ahead
2025-03-0476.3594.84-1.96LIN ahead
2025-03-0377.4495.03-1.79LIN ahead
2025-02-2878.2996.01-1.78LIN ahead
2025-02-2777.5594.62-1.71LIN ahead
2025-02-2677.1094.88-1.82LIN ahead
2025-02-2576.8296.10-2.02LIN ahead
2025-02-2476.1894.26-1.89LIN ahead
2025-02-2176.4594.15-1.85LIN ahead
2025-02-2076.6994.95-1.93LIN ahead
2025-02-1978.4694.99-1.67LIN ahead
2025-02-1882.7395.76-1.13LIN ahead
2025-02-1481.8993.95-1.03LIN ahead
2025-02-1382.3094.78-1.08LIN ahead
2025-02-1281.0394.27-1.20LIN ahead
2025-02-1181.5494.71-1.19LIN ahead
2025-02-1080.6694.74-1.33LIN ahead
2025-02-0780.6993.55-1.18LIN ahead
2025-02-0681.9894.70-1.14LIN ahead
2025-02-0582.4793.27-0.89LIN ahead
2025-02-0481.9393.49-1.00LIN ahead
2025-02-0382.6893.37-0.88LIN ahead
2025-01-3183.3491.71-0.56LIN ahead
2025-01-3083.9491.76-0.48near the usual relationship
2025-01-2982.3090.11-0.50LIN ahead
2025-01-2882.8189.53-0.35near the usual relationship
2025-01-2783.8690.35-0.30near the usual relationship
2025-01-2482.1590.30-0.55LIN ahead
2025-01-2382.7490.62-0.51LIN ahead
2025-01-2281.8190.99-0.69LIN ahead
2025-01-2181.8790.96-0.68LIN ahead
2025-01-1781.2389.63-0.60LIN ahead
2025-01-1680.8088.91-0.56LIN ahead
2025-01-1580.5587.98-0.47near the usual relationship
2025-01-1480.0787.84-0.53LIN ahead
2025-01-1379.7186.63-0.41near the usual relationship
2025-01-1077.8685.14-0.49near the usual relationship
2025-01-0878.5486.34-0.55LIN ahead
2025-01-0779.0085.30-0.33near the usual relationship
2025-01-0678.5784.88-0.34near the usual relationship
2025-01-0378.9785.00-0.29near the usual relationship
2025-01-0279.5185.14-0.23near the usual relationship
2024-12-3180.9186.07-0.14near the usual relationship
2024-12-3080.3485.86-0.20near the usual relationship
2024-12-2780.9586.95-0.26near the usual relationship
2024-12-2681.2787.23-0.25near the usual relationship
2024-12-2481.4487.53-0.27near the usual relationship
2024-12-2381.1486.82-0.21near the usual relationship
2024-12-2082.0587.23-0.13near the usual relationship
2024-12-1982.2486.26+0.04near the usual relationship
2024-12-1881.6886.81-0.12near the usual relationship
2024-12-1783.0388.44-0.15near the usual relationship
2024-12-1683.4088.05-0.04near the usual relationship
2024-12-1383.6489.49-0.20near the usual relationship
2024-12-1284.3190.14-0.18near the usual relationship
2024-12-1184.0690.56-0.27near the usual relationship
2024-12-1084.7491.44-0.29near the usual relationship
2024-12-0985.2990.98-0.15near the usual relationship
2024-12-0685.0992.39-0.36near the usual relationship
2024-12-0585.1792.22-0.32near the usual relationship
2024-12-0485.4594.45-0.57LIN ahead
2024-12-0386.2894.18-0.41near the usual relationship
2024-12-0287.3494.50-0.30near the usual relationship
2024-11-2987.4394.77-0.32near the usual relationship
2024-11-2786.9193.97-0.29near the usual relationship
2024-11-2687.0193.86-0.25near the usual relationship
2024-11-2586.9893.68-0.23near the usual relationship
2024-11-2286.9093.49-0.21near the usual relationship
2024-11-2185.9193.55-0.35near the usual relationship
2024-11-2085.0192.54-0.34near the usual relationship
2024-11-1985.1091.29-0.16near the usual relationship
2024-11-1882.8892.21-0.58LIN ahead
2024-11-1582.4392.32-0.66LIN ahead
2024-11-1485.5293.22-0.34near the usual relationship
2024-11-1385.9893.79-0.34near the usual relationship
2024-11-1285.5893.66-0.37near the usual relationship
2024-11-1187.2893.83-0.16near the usual relationship
2024-11-0888.3194.46-0.10near the usual relationship
2024-11-0787.0495.69-0.41near the usual relationship
2024-11-0683.8095.10-0.77LIN ahead
2024-11-0594.8393.51+0.84IFF ahead
2024-11-0494.7194.22+0.74IFF ahead
2024-11-0194.6794.01+0.77IFF ahead
2024-10-3195.1593.77+0.86IFF ahead
2024-10-3096.7897.32+0.64IFF ahead
2024-10-2996.9797.58+0.64IFF ahead
2024-10-2897.8097.85+0.71IFF ahead
2024-10-2597.0897.39+0.68IFF ahead
2024-10-2498.0497.54+0.78IFF ahead
2024-10-2399.4798.15+0.88IFF ahead
2024-10-2299.4099.07+0.78IFF ahead
2024-10-2199.5999.36+0.77IFF ahead
2024-10-18100.00100.00+0.75IFF ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 6, 2024 (IFF -11.6%, LIN +1.7%); May 7, 2025 (IFF -7.1%, LIN +0.6%); Aug 6, 2025 (IFF -6.3%, LIN +0.3%); Dec 11, 2025 (IFF -3.3%, LIN +2.7%); Mar 11, 2026 (IFF -5.7%, LIN +0.8%); May 6, 2026 (IFF +17.2%, LIN +0.3%). Upcoming earnings: LIN Oct 29, 2026 (pre-market); IFF Nov 3, 2026 (after-hours).

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

IFF and LIN at a glance

IFF International Flavors & Fragrances Inc.

Listing
NYSE · SEC CIK 51253
Industry
Major Chemicals · SIC 2860 Industrial Organic Chemicals
Market value
$23.2B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

LIN Linde plc

Listing
Nasdaq · SEC CIK 1707925
Industry
Major Chemicals · SIC 2810 Industrial Inorganic Chemicals
Market value
$232.1B
Price history
915 daily closes, Mar 2, 2023 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
APD / IFFWatchlistIFF by 1.90 sdMajor Chemicals
IFF / LYBWatchlistIFF by 0.71 sdSIC 2860 Industrial Organic Chemicals
LIN / APDWatchlistAPD by 0.53 sdMajor Chemicals

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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.