Infosys Limited vs Workday Inc.
WatchlistINFY / WDAYPrices through Oct 22, 2026
Why these are rivals: #2 and #3 by market value ($49B vs $47B) in Nasdaq's "EDP Services" industry; SEC SIC 7371 / 7374 (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: 0.47 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -0.74 (needs <= -2.873 (5% critical value))
- Speed: half-life of the spread, sessions: 79.10 (needs <= 63)
Business leadership
Business size
Annual revenue reported to the SEC. Scale, not market share.
| Year | INFY | WDAY | Larger |
|---|---|---|---|
| 2025 | - | $9.6B | - |
| 2024 | - | $8.4B | - |
| 2023 | - | $7.3B | - |
| 2022 | - | $6.2B | - |
| 2021 | - | $5.1B | - |
| 2020 | - | $4.3B | - |
Market value: INFY $49.5B, WDAY $47.0B.
Stock leadership
WDAY is ahead now
Measured against the pair's own last 252 trading days.
WDAY leads INFY by 1.31 standard deviations: +31.6% over its usual price ratio. 2 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| INFY | +19.0% | +2.2% | -24.1% |
| WDAY | +55.2% | +83.1% | -14.5% |
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: 0.47 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -0.74 (needs <= -2.873 (5% critical value))
- Fail
- Speed: half-life of the spread, sessions: 79.10 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
INFY Infosys Limited WDAY Workday Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: INFY relative to WDAY, against the 252 sessions before each day. Above 0: INFY ahead; below 0: WDAY ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | INFY index | WDAY index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 58.73 | 85.89 | -1.31 | WDAY ahead |
| 2026-10-21 | 56.64 | 83.02 | -1.32 | WDAY ahead |
| 2026-10-20 | 56.24 | 83.43 | -1.38 | WDAY ahead |
| 2026-10-19 | 54.20 | 79.84 | -1.36 | WDAY ahead |
| 2026-10-16 | 54.38 | 78.05 | -1.24 | WDAY ahead |
| 2026-10-15 | 53.89 | 80.43 | -1.43 | WDAY ahead |
| 2026-10-14 | 51.00 | 77.21 | -1.51 | WDAY ahead |
| 2026-10-13 | 50.64 | 76.09 | -1.48 | WDAY ahead |
| 2026-10-12 | 48.11 | 77.00 | -1.79 | WDAY ahead |
| 2026-10-09 | 47.67 | 76.32 | -1.81 | WDAY ahead |
| 2026-10-08 | 47.53 | 76.82 | -1.87 | WDAY ahead |
| 2026-10-07 | 46.87 | 75.37 | -1.86 | WDAY ahead |
| 2026-10-06 | 46.87 | 76.30 | -1.93 | WDAY ahead |
| 2026-10-05 | 47.80 | 77.29 | -1.92 | WDAY ahead |
| 2026-10-02 | 49.04 | 76.14 | -1.72 | WDAY ahead |
| 2026-10-01 | 50.42 | 76.39 | -1.61 | WDAY ahead |
| 2026-09-30 | 47.80 | 77.90 | -1.99 | WDAY ahead |
| 2026-09-29 | 47.27 | 77.38 | -2.02 | WDAY ahead |
| 2026-09-28 | 46.73 | 77.14 | -2.08 | WDAY ahead |
| 2026-09-25 | 46.65 | 77.49 | -2.14 | WDAY ahead |
| 2026-09-24 | 46.65 | 78.12 | -2.20 | WDAY ahead |
| 2026-09-23 | 47.76 | 78.69 | -2.14 | WDAY ahead |
| 2026-09-22 | 47.80 | 76.99 | -2.04 | WDAY ahead |
| 2026-09-21 | 48.38 | 78.50 | -2.10 | WDAY ahead |
| 2026-09-18 | 48.07 | 79.30 | -2.21 | WDAY ahead |
| 2026-09-17 | 49.18 | 81.51 | -2.27 | WDAY ahead |
| 2026-09-16 | 49.22 | 76.80 | -1.96 | WDAY ahead |
| 2026-09-15 | 50.29 | 77.99 | -1.94 | WDAY ahead |
| 2026-09-14 | 51.53 | 79.44 | -1.93 | WDAY ahead |
| 2026-09-11 | 49.18 | 75.96 | -1.96 | WDAY ahead |
| 2026-09-10 | 48.47 | 75.71 | -2.04 | WDAY ahead |
| 2026-09-09 | 48.56 | 76.10 | -2.08 | WDAY ahead |
| 2026-09-08 | 49.44 | 76.19 | -2.00 | WDAY ahead |
| 2026-09-04 | 51.98 | 80.08 | -2.01 | WDAY ahead |
| 2026-09-03 | 53.71 | 84.64 | -2.16 | WDAY ahead |
| 2026-09-02 | 53.18 | 82.16 | -2.07 | WDAY ahead |
| 2026-09-01 | 53.31 | 81.14 | -2.00 | WDAY ahead |
| 2026-08-31 | 53.58 | 80.76 | -1.96 | WDAY ahead |
| 2026-08-28 | 53.53 | 83.74 | -2.20 | WDAY ahead |
| 2026-08-27 | 52.87 | 79.18 | -1.96 | WDAY ahead |
| 2026-08-26 | 51.93 | 78.02 | -2.00 | WDAY ahead |
| 2026-08-25 | 53.44 | 79.52 | -1.96 | WDAY ahead |
| 2026-08-24 | 52.51 | 81.46 | -2.24 | WDAY ahead |
| 2026-08-21 | 53.04 | 81.81 | -2.23 | WDAY ahead |
| 2026-08-20 | 52.55 | 80.71 | -2.22 | WDAY ahead |
| 2026-08-19 | 53.44 | 81.16 | -2.17 | WDAY ahead |
| 2026-08-18 | 52.55 | 77.98 | -2.04 | WDAY ahead |
| 2026-08-17 | 51.62 | 78.20 | -2.19 | WDAY ahead |
| 2026-08-14 | 53.71 | 81.27 | -2.21 | WDAY ahead |
| 2026-08-13 | 55.13 | 84.44 | -2.31 | WDAY ahead |
| 2026-08-12 | 54.55 | 71.70 | -1.33 | WDAY ahead |
| 2026-08-11 | 55.98 | 74.15 | -1.39 | WDAY ahead |
| 2026-08-10 | 55.80 | 75.34 | -1.51 | WDAY ahead |
| 2026-08-07 | 55.66 | 73.48 | -1.37 | WDAY ahead |
| 2026-08-06 | 54.91 | 69.63 | -1.11 | WDAY ahead |
| 2026-08-05 | 55.44 | 69.80 | -1.06 | WDAY ahead |
| 2026-08-04 | 55.98 | 70.06 | -1.02 | WDAY ahead |
| 2026-08-03 | 54.42 | 67.51 | -0.97 | WDAY ahead |
| 2026-07-31 | 53.44 | 65.58 | -0.89 | WDAY ahead |
| 2026-07-30 | 53.09 | 64.67 | -0.84 | WDAY ahead |
| 2026-07-29 | 55.98 | 68.72 | -0.89 | WDAY ahead |
| 2026-07-28 | 54.86 | 65.32 | -0.69 | WDAY ahead |
| 2026-07-27 | 51.98 | 60.35 | -0.53 | WDAY ahead |
| 2026-07-24 | 49.36 | 55.36 | -0.31 | near the usual relationship |
| 2026-07-23 | 47.40 | 52.30 | -0.20 | near the usual relationship |
| 2026-07-22 | 48.56 | 54.16 | -0.27 | near the usual relationship |
| 2026-07-21 | 49.58 | 57.74 | -0.54 | WDAY ahead |
| 2026-07-20 | 50.24 | 60.22 | -0.73 | WDAY ahead |
| 2026-07-17 | 51.04 | 59.22 | -0.52 | WDAY ahead |
| 2026-07-16 | 51.22 | 59.49 | -0.53 | WDAY ahead |
| 2026-07-15 | 49.04 | 58.01 | -0.64 | WDAY ahead |
| 2026-07-14 | 49.09 | 57.19 | -0.55 | WDAY ahead |
| 2026-07-13 | 51.09 | 59.26 | -0.52 | WDAY ahead |
| 2026-07-10 | 48.60 | 56.83 | -0.57 | WDAY ahead |
| 2026-07-09 | 49.44 | 56.59 | -0.43 | near the usual relationship |
| 2026-07-08 | 48.56 | 56.40 | -0.53 | WDAY ahead |
| 2026-07-07 | 50.07 | 58.76 | -0.59 | WDAY ahead |
| 2026-07-06 | 48.33 | 56.44 | -0.56 | WDAY ahead |
| 2026-07-02 | 49.58 | 55.38 | -0.28 | near the usual relationship |
| 2026-07-01 | 47.31 | 53.28 | -0.33 | near the usual relationship |
| 2026-06-30 | 46.60 | 50.07 | -0.03 | near the usual relationship |
| 2026-06-29 | 47.53 | 50.55 | +0.04 | near the usual relationship |
| 2026-06-26 | 47.89 | 50.81 | +0.06 | near the usual relationship |
| 2026-06-25 | 46.96 | 46.54 | +0.50 | INFY ahead |
| 2026-06-24 | 48.56 | 48.30 | +0.48 | near the usual relationship |
| 2026-06-23 | 47.93 | 47.09 | +0.56 | INFY ahead |
| 2026-06-22 | 47.85 | 46.24 | +0.67 | INFY ahead |
| 2026-06-18 | 46.96 | 47.83 | +0.34 | near the usual relationship |
| 2026-06-17 | 51.98 | 49.83 | +0.73 | INFY ahead |
| 2026-06-16 | 53.18 | 51.85 | +0.63 | INFY ahead |
| 2026-06-15 | 51.53 | 53.01 | +0.30 | near the usual relationship |
| 2026-06-12 | 52.15 | 53.50 | +0.32 | near the usual relationship |
| 2026-06-11 | 51.53 | 53.39 | +0.26 | near the usual relationship |
| 2026-06-10 | 52.24 | 56.23 | +0.02 | near the usual relationship |
| 2026-06-09 | 54.38 | 57.36 | +0.16 | near the usual relationship |
| 2026-06-08 | 54.55 | 58.80 | +0.02 | near the usual relationship |
| 2026-06-05 | 55.09 | 59.02 | +0.07 | near the usual relationship |
| 2026-06-04 | 55.84 | 60.50 | +0.00 | near the usual relationship |
| 2026-06-03 | 55.35 | 60.09 | -0.01 | near the usual relationship |
| 2026-06-02 | 58.11 | 60.90 | +0.22 | near the usual relationship |
| 2026-06-01 | 59.57 | 64.31 | +0.03 | near the usual relationship |
| 2026-05-29 | 56.20 | 59.80 | +0.13 | near the usual relationship |
| 2026-05-28 | 56.42 | 53.18 | +0.89 | INFY ahead |
| 2026-05-27 | 55.04 | 50.92 | +1.01 | INFY ahead |
| 2026-05-26 | 53.67 | 50.73 | +0.88 | INFY ahead |
| 2026-05-22 | 56.29 | 52.41 | +0.98 | INFY ahead |
| 2026-05-21 | 56.15 | 49.84 | +1.29 | INFY ahead |
| 2026-05-20 | 56.73 | 51.79 | +1.13 | INFY ahead |
| 2026-05-19 | 56.51 | 52.90 | +0.98 | INFY ahead |
| 2026-05-18 | 55.93 | 52.72 | +0.94 | INFY ahead |
| 2026-05-15 | 53.62 | 51.13 | +0.88 | INFY ahead |
| 2026-05-14 | 51.80 | 48.57 | +0.99 | INFY ahead |
| 2026-05-13 | 52.69 | 47.65 | +1.22 | INFY ahead |
| 2026-05-12 | 53.53 | 48.52 | +1.22 | INFY ahead |
| 2026-05-11 | 54.64 | 49.66 | +1.21 | INFY ahead |
| 2026-05-08 | 57.00 | 52.29 | +1.16 | INFY ahead |
| 2026-05-07 | 55.84 | 53.53 | +0.90 | INFY ahead |
| 2026-05-06 | 56.15 | 50.16 | +1.34 | INFY ahead |
| 2026-05-05 | 55.35 | 52.71 | +0.96 | INFY ahead |
| 2026-05-04 | 54.38 | 52.31 | +0.90 | INFY ahead |
| 2026-05-01 | 55.44 | 51.93 | +1.08 | INFY ahead |
| 2026-04-30 | 55.35 | 50.07 | +1.30 | INFY ahead |
| 2026-04-29 | 54.82 | 50.08 | +1.25 | INFY ahead |
| 2026-04-28 | 54.42 | 49.57 | +1.28 | INFY ahead |
| 2026-04-27 | 54.55 | 48.20 | +1.48 | INFY ahead |
| 2026-04-24 | 57.13 | 48.99 | +1.69 | INFY ahead |
| 2026-04-23 | 57.49 | 46.90 | +2.02 | INFY ahead |
| 2026-04-22 | 59.88 | 51.78 | +1.67 | INFY ahead |
| 2026-04-21 | 62.51 | 52.83 | +1.84 | INFY ahead |
| 2026-04-20 | 63.13 | 52.33 | +1.99 | INFY ahead |
| 2026-04-17 | 64.24 | 50.65 | +2.34 | INFY ahead |
| 2026-04-16 | 63.88 | 51.08 | +2.28 | INFY ahead |
| 2026-04-15 | 63.57 | 50.77 | +2.33 | INFY ahead |
| 2026-04-14 | 61.93 | 48.21 | +2.54 | INFY ahead |
| 2026-04-13 | 62.06 | 49.05 | +2.48 | INFY ahead |
| 2026-04-10 | 59.04 | 46.02 | +2.62 | INFY ahead |
| 2026-04-09 | 61.13 | 46.25 | +2.88 | INFY ahead |
| 2026-04-08 | 62.19 | 48.74 | +2.68 | INFY ahead |
| 2026-04-07 | 62.02 | 52.16 | +2.21 | INFY ahead |
| 2026-04-06 | 60.86 | 53.06 | +1.98 | INFY ahead |
| 2026-04-02 | 61.04 | 54.10 | +1.88 | INFY ahead |
| 2026-04-01 | 59.08 | 52.79 | +1.85 | INFY ahead |
| 2026-03-31 | 60.02 | 53.14 | +1.93 | INFY ahead |
| 2026-03-30 | 58.86 | 52.67 | +1.88 | INFY ahead |
| 2026-03-27 | 57.00 | 50.79 | +1.93 | INFY ahead |
| 2026-03-26 | 58.46 | 52.34 | +1.92 | INFY ahead |
| 2026-03-25 | 58.51 | 51.98 | +2.00 | INFY ahead |
| 2026-03-24 | 58.11 | 52.88 | +1.84 | INFY ahead |
| 2026-03-23 | 59.08 | 56.06 | +1.54 | INFY ahead |
| 2026-03-20 | 58.29 | 55.61 | +1.51 | INFY ahead |
| 2026-03-19 | 57.97 | 54.56 | +1.63 | INFY ahead |
| 2026-03-18 | 57.40 | 54.11 | +1.63 | INFY ahead |
| 2026-03-17 | 58.64 | 55.29 | +1.65 | INFY ahead |
| 2026-03-16 | 58.91 | 54.66 | +1.79 | INFY ahead |
| 2026-03-13 | 58.95 | 54.44 | +1.85 | INFY ahead |
| 2026-03-12 | 59.71 | 54.87 | +1.91 | INFY ahead |
| 2026-03-11 | 61.62 | 56.38 | +1.96 | INFY ahead |
| 2026-03-10 | 62.37 | 58.28 | +1.82 | INFY ahead |
| 2026-03-09 | 64.06 | 60.59 | +1.74 | INFY ahead |
| 2026-03-06 | 64.15 | 61.78 | +1.61 | INFY ahead |
| 2026-03-05 | 63.97 | 60.20 | +1.81 | INFY ahead |
| 2026-03-04 | 63.66 | 58.51 | +2.03 | INFY ahead |
| 2026-03-03 | 63.17 | 58.74 | +1.96 | INFY ahead |
| 2026-03-02 | 63.04 | 54.81 | +2.56 | INFY ahead |
| 2026-02-27 | 64.15 | 54.71 | +2.77 | INFY ahead |
| 2026-02-26 | 65.30 | 56.90 | +2.63 | INFY ahead |
| 2026-02-25 | 63.26 | 54.46 | +2.79 | INFY ahead |
| 2026-02-24 | 61.48 | 53.27 | +2.78 | INFY ahead |
| 2026-02-23 | 61.79 | 52.85 | +2.95 | INFY ahead |
| 2026-02-20 | 65.08 | 56.37 | +2.90 | INFY ahead |
| 2026-02-19 | 64.64 | 57.27 | +2.73 | INFY ahead |
| 2026-02-18 | 66.86 | 58.34 | +2.93 | INFY ahead |
| 2026-02-17 | 65.53 | 58.54 | +2.75 | INFY ahead |
| 2026-02-13 | 65.39 | 59.07 | +2.69 | INFY ahead |
| 2026-02-12 | 63.13 | 58.92 | +2.40 | INFY ahead |
| 2026-02-11 | 70.01 | 59.13 | +3.48 | INFY ahead |
| 2026-02-10 | 73.79 | 62.68 | +3.51 | INFY ahead |
| 2026-02-09 | 72.46 | 63.22 | +3.32 | INFY ahead |
| 2026-02-06 | 74.81 | 66.64 | +3.17 | INFY ahead |
| 2026-02-05 | 74.63 | 64.94 | +3.50 | INFY ahead |
| 2026-02-04 | 74.37 | 69.60 | +2.74 | INFY ahead |
| 2026-02-03 | 76.94 | 65.92 | +3.83 | INFY ahead |
| 2026-02-02 | 81.47 | 70.92 | +3.76 | INFY ahead |
| 2026-01-30 | 78.10 | 71.84 | +3.18 | INFY ahead |
| 2026-01-29 | 78.85 | 71.44 | +3.45 | INFY ahead |
| 2026-01-28 | 79.65 | 77.36 | +2.65 | INFY ahead |
| 2026-01-27 | 81.08 | 77.14 | +2.95 | INFY ahead |
| 2026-01-26 | 82.41 | 78.06 | +3.05 | INFY ahead |
| 2026-01-23 | 81.03 | 77.41 | +2.99 | INFY ahead |
| 2026-01-22 | 81.25 | 76.97 | +3.16 | INFY ahead |
| 2026-01-21 | 81.34 | 75.02 | +3.59 | INFY ahead |
| 2026-01-20 | 80.90 | 74.85 | +3.63 | INFY ahead |
| 2026-01-16 | 82.76 | 76.43 | +3.71 | INFY ahead |
| 2026-01-15 | 83.61 | 78.83 | +3.46 | INFY ahead |
| 2026-01-14 | 85.96 | 79.35 | +3.82 | INFY ahead |
| 2026-01-13 | 77.83 | 81.62 | +2.00 | INFY ahead |
| 2026-01-12 | 79.08 | 85.04 | +1.64 | INFY ahead |
| 2026-01-09 | 79.21 | 84.75 | +1.70 | INFY ahead |
| 2026-01-08 | 80.14 | 85.81 | +1.67 | INFY ahead |
| 2026-01-07 | 80.99 | 86.36 | +1.72 | INFY ahead |
| 2026-01-06 | 80.41 | 86.02 | +1.67 | INFY ahead |
| 2026-01-05 | 78.54 | 85.45 | +1.44 | INFY ahead |
| 2026-01-02 | 80.63 | 84.17 | +2.01 | INFY ahead |
| 2025-12-31 | 79.16 | 87.85 | +1.17 | INFY ahead |
| 2025-12-30 | 80.14 | 88.73 | +1.20 | INFY ahead |
| 2025-12-29 | 81.87 | 89.57 | +1.36 | INFY ahead |
| 2025-12-26 | 83.47 | 90.27 | +1.52 | INFY ahead |
| 2025-12-24 | 82.94 | 88.70 | +1.68 | INFY ahead |
| 2025-12-23 | 82.50 | 88.12 | +1.69 | INFY ahead |
| 2025-12-22 | 85.12 | 89.16 | +1.97 | INFY ahead |
| 2025-12-19 | 89.83 | 89.43 | +2.71 | INFY ahead |
| 2025-12-18 | 85.21 | 89.20 | +2.02 | INFY ahead |
| 2025-12-17 | 80.94 | 88.35 | +1.43 | INFY ahead |
| 2025-12-16 | 78.94 | 88.40 | +1.07 | INFY ahead |
| 2025-12-15 | 78.99 | 87.90 | +1.15 | INFY ahead |
| 2025-12-12 | 78.99 | 91.82 | +0.53 | INFY ahead |
| 2025-12-11 | 79.08 | 91.64 | +0.57 | INFY ahead |
| 2025-12-10 | 80.28 | 91.11 | +0.86 | INFY ahead |
| 2025-12-09 | 78.85 | 90.91 | +0.63 | INFY ahead |
| 2025-12-08 | 78.72 | 90.40 | +0.68 | INFY ahead |
| 2025-12-05 | 80.28 | 89.97 | +1.01 | INFY ahead |
| 2025-12-04 | 81.25 | 88.60 | +1.38 | INFY ahead |
| 2025-12-03 | 78.45 | 87.88 | +1.00 | INFY ahead |
| 2025-12-02 | 77.34 | 87.15 | +0.91 | INFY ahead |
| 2025-12-01 | 77.52 | 87.27 | +0.92 | INFY ahead |
| 2025-11-28 | 77.65 | 88.20 | +0.79 | INFY ahead |
| 2025-11-26 | 77.39 | 88.08 | +0.76 | INFY ahead |
| 2025-11-25 | 76.77 | 95.59 | -0.44 | near the usual relationship |
| 2025-11-24 | 76.72 | 92.70 | -0.05 | near the usual relationship |
| 2025-11-21 | 78.63 | 92.09 | +0.36 | near the usual relationship |
| 2025-11-20 | 76.10 | 88.68 | +0.42 | near the usual relationship |
| 2025-11-19 | 76.90 | 91.57 | +0.13 | near the usual relationship |
| 2025-11-18 | 75.30 | 92.29 | -0.25 | near the usual relationship |
| 2025-11-17 | 74.50 | 92.01 | -0.35 | near the usual relationship |
| 2025-11-14 | 73.97 | 94.41 | -0.79 | WDAY ahead |
| 2025-11-13 | 75.34 | 91.41 | -0.13 | near the usual relationship |
| 2025-11-12 | 75.92 | 92.41 | -0.18 | near the usual relationship |
| 2025-11-11 | 75.57 | 92.84 | -0.30 | near the usual relationship |
| 2025-11-10 | 74.46 | 93.25 | -0.56 | WDAY ahead |
| 2025-11-07 | 73.30 | 92.10 | -0.61 | WDAY ahead |
| 2025-11-06 | 71.88 | 91.83 | -0.83 | WDAY ahead |
| 2025-11-05 | 72.95 | 94.94 | -1.08 | WDAY ahead |
| 2025-11-04 | 72.41 | 95.50 | -1.26 | WDAY ahead |
| 2025-11-03 | 72.90 | 97.22 | -1.41 | WDAY ahead |
| 2025-10-31 | 73.61 | 98.13 | -1.41 | WDAY ahead |
| 2025-10-30 | 73.92 | 95.25 | -0.98 | WDAY ahead |
| 2025-10-29 | 74.99 | 94.63 | -0.72 | WDAY ahead |
| 2025-10-28 | 75.03 | 96.91 | -1.02 | WDAY ahead |
| 2025-10-27 | 75.70 | 97.72 | -1.02 | WDAY ahead |
| 2025-10-24 | 77.65 | 99.29 | -0.91 | WDAY ahead |
| 2025-10-23 | 77.88 | 99.51 | -0.90 | WDAY ahead |
| 2025-10-22 | 77.61 | 99.33 | -0.93 | WDAY ahead |
| 2025-10-21 | 77.34 | 100.49 | -1.12 | WDAY ahead |
| 2025-10-20 | 75.12 | 98.66 | -1.25 | WDAY ahead |
| 2025-10-17 | 72.55 | 95.82 | -1.32 | WDAY ahead |
| 2025-10-16 | 71.39 | 93.10 | -1.17 | WDAY ahead |
| 2025-10-15 | 73.03 | 96.02 | -1.28 | WDAY ahead |
| 2025-10-14 | 73.21 | 97.01 | -1.37 | WDAY ahead |
| 2025-10-13 | 74.54 | 96.78 | -1.14 | WDAY ahead |
| 2025-10-10 | 73.66 | 95.38 | -1.11 | WDAY ahead |
| 2025-10-09 | 75.79 | 97.44 | -1.04 | WDAY ahead |
| 2025-10-08 | 74.37 | 97.45 | -1.26 | WDAY ahead |
| 2025-10-07 | 72.81 | 95.37 | -1.26 | WDAY ahead |
| 2025-10-06 | 74.14 | 97.50 | -1.31 | WDAY ahead |
| 2025-10-03 | 72.10 | 96.73 | -1.54 | WDAY ahead |
| 2025-10-02 | 71.75 | 94.94 | -1.40 | WDAY ahead |
| 2025-10-01 | 72.72 | 94.98 | -1.27 | WDAY ahead |
| 2025-09-30 | 72.28 | 98.47 | -1.75 | WDAY ahead |
| 2025-09-29 | 72.50 | 101.31 | -2.05 | WDAY ahead |
| 2025-09-26 | 73.39 | 100.90 | -1.88 | WDAY ahead |
| 2025-09-25 | 73.48 | 99.29 | -1.70 | WDAY ahead |
| 2025-09-24 | 75.66 | 98.79 | -1.33 | WDAY ahead |
| 2025-09-23 | 74.99 | 98.30 | -1.39 | WDAY ahead |
| 2025-09-22 | 76.19 | 99.26 | -1.33 | WDAY ahead |
| 2025-09-19 | 75.39 | 95.56 | -1.03 | WDAY ahead |
| 2025-09-18 | 78.05 | 95.51 | -0.65 | WDAY ahead |
| 2025-09-17 | 78.54 | 96.07 | -0.65 | WDAY ahead |
| 2025-09-16 | 75.79 | 89.58 | -0.29 | near the usual relationship |
| 2025-09-15 | 75.17 | 91.11 | -0.57 | WDAY ahead |
| 2025-09-12 | 75.34 | 91.37 | -0.58 | WDAY ahead |
| 2025-09-11 | 75.83 | 92.72 | -0.67 | WDAY ahead |
| 2025-09-10 | 75.43 | 92.64 | -0.72 | WDAY ahead |
| 2025-09-09 | 75.57 | 94.38 | -0.91 | WDAY ahead |
| 2025-09-08 | 74.59 | 94.82 | -1.11 | WDAY ahead |
| 2025-09-05 | 72.77 | 94.52 | -1.36 | WDAY ahead |
| 2025-09-04 | 73.70 | 94.54 | -1.23 | WDAY ahead |
| 2025-09-03 | 73.92 | 95.48 | -1.32 | WDAY ahead |
| 2025-09-02 | 75.03 | 93.62 | -0.95 | WDAY ahead |
| 2025-08-29 | 74.72 | 94.41 | -1.09 | WDAY ahead |
| 2025-08-28 | 75.52 | 93.46 | -0.88 | WDAY ahead |
| 2025-08-27 | 77.12 | 93.96 | -0.71 | WDAY ahead |
| 2025-08-26 | 76.50 | 91.16 | -0.48 | near the usual relationship |
| 2025-08-25 | 76.99 | 91.37 | -0.44 | near the usual relationship |
| 2025-08-22 | 77.03 | 90.51 | -0.34 | near the usual relationship |
| 2025-08-21 | 75.74 | 93.09 | -0.82 | WDAY ahead |
| 2025-08-20 | 75.57 | 93.05 | -0.85 | WDAY ahead |
| 2025-08-19 | 73.75 | 93.99 | -1.22 | WDAY ahead |
| 2025-08-18 | 72.90 | 94.83 | -1.45 | WDAY ahead |
| 2025-08-15 | 73.57 | 92.48 | -1.09 | WDAY ahead |
| 2025-08-14 | 72.68 | 90.77 | -1.03 | WDAY ahead |
| 2025-08-13 | 72.77 | 91.24 | -1.08 | WDAY ahead |
| 2025-08-12 | 71.39 | 87.78 | -0.88 | WDAY ahead |
| 2025-08-11 | 70.99 | 87.41 | -0.90 | WDAY ahead |
| 2025-08-08 | 71.04 | 90.83 | -1.29 | WDAY ahead |
| 2025-08-07 | 71.17 | 90.39 | -1.23 | WDAY ahead |
| 2025-08-06 | 71.39 | 93.70 | -1.57 | WDAY ahead |
| 2025-08-05 | 71.97 | 92.02 | -1.31 | WDAY ahead |
| 2025-08-04 | 73.21 | 92.08 | -1.16 | WDAY ahead |
| 2025-08-01 | 72.90 | 90.89 | -1.08 | WDAY ahead |
| 2025-07-31 | 74.28 | 93.82 | -1.21 | WDAY ahead |
| 2025-07-30 | 75.30 | 97.22 | -1.44 | WDAY ahead |
| 2025-07-29 | 76.45 | 98.02 | -1.38 | WDAY ahead |
| 2025-07-28 | 76.23 | 97.37 | -1.35 | WDAY ahead |
| 2025-07-25 | 77.17 | 98.88 | -1.39 | WDAY ahead |
| 2025-07-24 | 78.54 | 97.02 | -1.04 | WDAY ahead |
| 2025-07-23 | 81.96 | 98.59 | -0.79 | WDAY ahead |
| 2025-07-22 | 81.12 | 97.80 | -0.82 | WDAY ahead |
| 2025-07-21 | 80.81 | 95.59 | -0.64 | WDAY ahead |
| 2025-07-18 | 80.90 | 95.33 | -0.61 | WDAY ahead |
| 2025-07-17 | 82.05 | 94.44 | -0.39 | near the usual relationship |
| 2025-07-16 | 82.19 | 92.74 | -0.20 | near the usual relationship |
| 2025-07-15 | 80.94 | 92.00 | -0.27 | near the usual relationship |
| 2025-07-14 | 80.01 | 91.93 | -0.38 | near the usual relationship |
| 2025-07-11 | 80.81 | 91.37 | -0.22 | near the usual relationship |
| 2025-07-10 | 80.41 | 93.79 | -0.53 | WDAY ahead |
| 2025-07-09 | 83.61 | 98.24 | -0.60 | WDAY ahead |
| 2025-07-08 | 83.92 | 98.36 | -0.58 | WDAY ahead |
| 2025-07-07 | 83.61 | 98.66 | -0.65 | WDAY ahead |
| 2025-07-03 | 84.23 | 98.89 | -0.61 | WDAY ahead |
| 2025-07-02 | 83.87 | 97.24 | -0.49 | near the usual relationship |
| 2025-07-01 | 83.96 | 97.85 | -0.54 | WDAY ahead |
| 2025-06-30 | 82.32 | 98.17 | -0.77 | WDAY ahead |
| 2025-06-27 | 82.27 | 97.09 | -0.67 | WDAY ahead |
| 2025-06-26 | 82.63 | 97.03 | -0.62 | WDAY ahead |
| 2025-06-25 | 82.23 | 95.49 | -0.52 | WDAY ahead |
| 2025-06-24 | 81.30 | 97.84 | -0.87 | WDAY ahead |
| 2025-06-23 | 80.41 | 96.77 | -0.87 | WDAY ahead |
| 2025-06-20 | 78.54 | 97.43 | -1.18 | WDAY ahead |
| 2025-06-18 | 81.87 | 96.89 | -0.72 | WDAY ahead |
| 2025-06-17 | 82.94 | 99.27 | -0.84 | WDAY ahead |
| 2025-06-16 | 83.30 | 100.48 | -0.92 | WDAY ahead |
| 2025-06-13 | 81.83 | 100.02 | -1.06 | WDAY ahead |
| 2025-06-12 | 82.45 | 102.54 | -1.23 | WDAY ahead |
| 2025-06-11 | 82.67 | 102.81 | -1.24 | WDAY ahead |
| 2025-06-10 | 82.23 | 103.37 | -1.36 | WDAY ahead |
| 2025-06-09 | 81.25 | 103.44 | -1.49 | WDAY ahead |
| 2025-06-06 | 80.85 | 103.37 | -1.55 | WDAY ahead |
| 2025-06-05 | 79.65 | 102.30 | -1.60 | WDAY ahead |
| 2025-06-04 | 79.30 | 102.05 | -1.63 | WDAY ahead |
| 2025-06-03 | 80.14 | 102.72 | -1.61 | WDAY ahead |
| 2025-06-02 | 80.81 | 101.34 | -1.39 | WDAY ahead |
| 2025-05-30 | 80.81 | 101.32 | -1.40 | WDAY ahead |
| 2025-05-29 | 82.01 | 98.89 | -1.00 | WDAY ahead |
| 2025-05-28 | 81.56 | 98.13 | -0.97 | WDAY ahead |
| 2025-05-27 | 82.14 | 97.88 | -0.85 | WDAY ahead |
| 2025-05-23 | 80.45 | 97.35 | -0.99 | WDAY ahead |
| 2025-05-22 | 80.14 | 111.29 | -2.36 | WDAY ahead |
| 2025-05-21 | 80.68 | 109.84 | -2.16 | WDAY ahead |
| 2025-05-20 | 81.03 | 112.01 | -2.31 | WDAY ahead |
| 2025-05-19 | 81.43 | 111.79 | -2.25 | WDAY ahead |
| 2025-05-16 | 81.34 | 111.69 | -2.25 | WDAY ahead |
| 2025-05-15 | 83.16 | 112.37 | -2.09 | WDAY ahead |
| 2025-05-14 | 82.01 | 110.92 | -2.11 | WDAY ahead |
| 2025-05-13 | 81.65 | 110.45 | -2.11 | WDAY ahead |
| 2025-05-12 | 82.85 | 109.04 | -1.83 | WDAY ahead |
| 2025-05-09 | 77.70 | 106.01 | -2.20 | WDAY ahead |
| 2025-05-08 | 77.70 | 105.52 | -2.15 | WDAY ahead |
| 2025-05-07 | 78.68 | 102.50 | -1.72 | WDAY ahead |
| 2025-05-06 | 78.94 | 101.35 | -1.57 | WDAY ahead |
| 2025-05-05 | 79.30 | 101.58 | -1.54 | WDAY ahead |
| 2025-05-02 | 79.43 | 101.72 | -1.53 | WDAY ahead |
| 2025-05-01 | 78.19 | 100.87 | -1.59 | WDAY ahead |
| 2025-04-30 | 78.19 | 100.21 | -1.52 | WDAY ahead |
| 2025-04-29 | 78.05 | 99.55 | -1.46 | WDAY ahead |
| 2025-04-28 | 76.99 | 98.09 | -1.44 | WDAY ahead |
| 2025-04-25 | 77.30 | 97.98 | -1.38 | WDAY ahead |
| 2025-04-24 | 77.12 | 96.89 | -1.29 | WDAY ahead |
| 2025-04-23 | 76.54 | 91.98 | -0.85 | WDAY ahead |
| 2025-04-22 | 74.90 | 90.39 | -0.88 | WDAY ahead |
| 2025-04-21 | 73.66 | 87.57 | -0.72 | WDAY ahead |
| 2025-04-17 | 71.70 | 90.40 | -1.26 | WDAY ahead |
| 2025-04-16 | 73.66 | 93.14 | -1.27 | WDAY ahead |
| 2025-04-15 | 75.66 | 95.44 | -1.24 | WDAY ahead |
| 2025-04-14 | 75.57 | 95.03 | -1.20 | WDAY ahead |
| 2025-04-11 | 74.99 | 92.65 | -1.03 | WDAY ahead |
| 2025-04-10 | 75.43 | 91.93 | -0.90 | WDAY ahead |
| 2025-04-09 | 78.45 | 94.66 | -0.80 | WDAY ahead |
| 2025-04-08 | 72.95 | 86.09 | -0.59 | WDAY ahead |
| 2025-04-07 | 74.54 | 88.07 | -0.59 | WDAY ahead |
| 2025-04-04 | 73.66 | 88.82 | -0.76 | WDAY ahead |
| 2025-04-03 | 77.08 | 93.39 | -0.79 | WDAY ahead |
| 2025-04-02 | 81.70 | 96.28 | -0.54 | WDAY ahead |
| 2025-04-01 | 80.85 | 95.93 | -0.59 | WDAY ahead |
| 2025-03-31 | 81.08 | 95.52 | -0.52 | WDAY ahead |
| 2025-03-28 | 80.72 | 97.55 | -0.72 | WDAY ahead |
| 2025-03-27 | 82.94 | 100.03 | -0.69 | WDAY ahead |
| 2025-03-26 | 82.90 | 102.58 | -0.89 | WDAY ahead |
| 2025-03-25 | 83.65 | 103.42 | -0.87 | WDAY ahead |
| 2025-03-24 | 82.59 | 102.22 | -0.88 | WDAY ahead |
| 2025-03-21 | 81.39 | 102.05 | -0.98 | WDAY ahead |
| 2025-03-20 | 80.23 | 102.45 | -1.13 | WDAY ahead |
| 2025-03-19 | 82.50 | 103.28 | -0.96 | WDAY ahead |
| 2025-03-18 | 81.96 | 103.04 | -1.00 | WDAY ahead |
| 2025-03-17 | 82.50 | 102.51 | -0.90 | WDAY ahead |
| 2025-03-14 | 81.74 | 99.87 | -0.76 | WDAY ahead |
| 2025-03-13 | 81.25 | 97.03 | -0.57 | WDAY ahead |
| 2025-03-12 | 82.19 | 98.85 | -0.63 | WDAY ahead |
| 2025-03-11 | 84.27 | 99.37 | -0.47 | near the usual relationship |
| 2025-03-10 | 86.36 | 99.39 | -0.27 | near the usual relationship |
| 2025-03-07 | 88.23 | 103.23 | -0.40 | near the usual relationship |
| 2025-03-06 | 87.74 | 103.80 | -0.48 | near the usual relationship |
| 2025-03-05 | 89.12 | 106.19 | -0.53 | WDAY ahead |
| 2025-03-04 | 87.56 | 103.74 | -0.48 | near the usual relationship |
| 2025-03-03 | 88.09 | 104.13 | -0.46 | near the usual relationship |
| 2025-02-28 | 89.29 | 107.71 | -0.61 | WDAY ahead |
| 2025-02-27 | 91.07 | 106.58 | -0.36 | near the usual relationship |
| 2025-02-26 | 92.27 | 110.88 | -0.56 | WDAY ahead |
| 2025-02-25 | 92.27 | 104.39 | -0.09 | near the usual relationship |
| 2025-02-24 | 92.54 | 107.09 | -0.25 | near the usual relationship |
| 2025-02-21 | 94.05 | 104.87 | +0.04 | near the usual relationship |
| 2025-02-20 | 94.85 | 107.01 | -0.05 | near the usual relationship |
| 2025-02-19 | 94.22 | 106.80 | -0.07 | near the usual relationship |
| 2025-02-18 | 95.11 | 108.69 | -0.13 | near the usual relationship |
| 2025-02-14 | 95.82 | 105.55 | +0.15 | near the usual relationship |
| 2025-02-13 | 96.58 | 106.40 | +0.16 | near the usual relationship |
| 2025-02-12 | 96.62 | 105.50 | +0.23 | near the usual relationship |
| 2025-02-11 | 97.60 | 107.58 | +0.17 | near the usual relationship |
| 2025-02-10 | 97.16 | 110.39 | -0.05 | near the usual relationship |
| 2025-02-07 | 96.98 | 111.21 | -0.12 | near the usual relationship |
| 2025-02-06 | 98.80 | 113.64 | -0.14 | near the usual relationship |
| 2025-02-05 | 99.11 | 112.96 | -0.06 | near the usual relationship |
| 2025-02-04 | 99.42 | 106.24 | +0.41 | near the usual relationship |
| 2025-02-03 | 97.69 | 106.25 | +0.29 | near the usual relationship |
| 2025-01-31 | 97.51 | 107.19 | +0.22 | near the usual relationship |
| 2025-01-30 | 96.93 | 106.38 | +0.23 | near the usual relationship |
| 2025-01-29 | 96.40 | 108.56 | +0.05 | near the usual relationship |
| 2025-01-28 | 95.65 | 110.61 | -0.14 | near the usual relationship |
| 2025-01-27 | 95.69 | 108.07 | +0.04 | near the usual relationship |
| 2025-01-24 | 96.31 | 105.64 | +0.26 | near the usual relationship |
| 2025-01-23 | 96.76 | 104.43 | +0.38 | near the usual relationship |
| 2025-01-22 | 96.00 | 103.68 | +0.38 | near the usual relationship |
| 2025-01-21 | 93.96 | 102.55 | +0.31 | near the usual relationship |
| 2025-01-17 | 94.14 | 102.11 | +0.36 | near the usual relationship |
| 2025-01-16 | 95.82 | 102.54 | +0.46 | near the usual relationship |
| 2025-01-15 | 101.69 | 101.67 | +0.94 | INFY ahead |
| 2025-01-14 | 100.00 | 100.63 | +0.91 | INFY ahead |
| 2025-01-13 | 100.80 | 100.62 | +0.97 | INFY ahead |
| 2025-01-10 | 100.84 | 102.14 | +0.88 | INFY ahead |
| 2025-01-08 | 101.20 | 104.18 | +0.77 | INFY ahead |
| 2025-01-07 | 100.44 | 102.13 | +0.86 | INFY ahead |
| 2025-01-06 | 101.07 | 103.95 | +0.79 | INFY ahead |
| 2025-01-03 | 100.53 | 103.42 | +0.79 | INFY ahead |
| 2025-01-02 | 100.49 | 103.01 | +0.82 | INFY ahead |
| 2024-12-31 | 97.38 | 105.54 | +0.44 | near the usual relationship |
| 2024-12-30 | 98.18 | 107.17 | +0.40 | near the usual relationship |
| 2024-12-27 | 99.87 | 108.90 | +0.41 | near the usual relationship |
| 2024-12-26 | 100.58 | 110.18 | +0.38 | near the usual relationship |
| 2024-12-24 | 101.16 | 110.05 | +0.44 | near the usual relationship |
| 2024-12-23 | 101.20 | 108.55 | +0.54 | INFY ahead |
| 2024-12-20 | 100.98 | 111.68 | +0.33 | near the usual relationship |
| 2024-12-19 | 104.04 | 109.14 | +0.70 | INFY ahead |
| 2024-12-18 | 100.62 | 110.00 | +0.42 | near the usual relationship |
| 2024-12-17 | 102.75 | 113.71 | +0.34 | near the usual relationship |
| 2024-12-16 | 103.73 | 113.85 | +0.41 | near the usual relationship |
| 2024-12-13 | 103.95 | 111.94 | +0.54 | INFY ahead |
| 2024-12-12 | 103.29 | 112.41 | +0.48 | near the usual relationship |
| 2024-12-11 | 103.78 | 111.40 | +0.57 | INFY ahead |
| 2024-12-10 | 103.24 | 110.80 | +0.58 | INFY ahead |
| 2024-12-09 | 102.89 | 114.49 | +0.34 | near the usual relationship |
| 2024-12-06 | 101.55 | 108.97 | +0.59 | INFY ahead |
| 2024-12-05 | 101.55 | 107.45 | +0.69 | INFY ahead |
| 2024-12-04 | 100.04 | 109.98 | +0.44 | near the usual relationship |
| 2024-12-03 | 98.27 | 105.15 | +0.63 | INFY ahead |
| 2024-12-02 | 98.62 | 102.86 | +0.81 | INFY ahead |
| 2024-11-29 | 98.05 | 102.25 | +0.81 | INFY ahead |
| 2024-11-27 | 101.02 | 103.65 | +0.93 | INFY ahead |
| 2024-11-26 | 102.98 | 110.52 | +0.63 | INFY ahead |
| 2024-11-25 | 101.47 | 109.49 | +0.60 | INFY ahead |
| 2024-11-22 | 101.24 | 109.52 | +0.59 | INFY ahead |
| 2024-11-21 | 97.56 | 109.65 | +0.34 | near the usual relationship |
| 2024-11-20 | 97.69 | 106.12 | +0.57 | INFY ahead |
| 2024-11-19 | 96.53 | 106.31 | +0.48 | near the usual relationship |
| 2024-11-18 | 95.96 | 106.09 | +0.46 | near the usual relationship |
| 2024-11-15 | 95.65 | 106.11 | +0.44 | near the usual relationship |
| 2024-11-14 | 96.93 | 111.05 | +0.23 | near the usual relationship |
| 2024-11-13 | 97.91 | 113.10 | +0.17 | near the usual relationship |
| 2024-11-12 | 97.82 | 110.57 | +0.32 | near the usual relationship |
| 2024-11-11 | 97.91 | 108.05 | +0.48 | near the usual relationship |
| 2024-11-08 | 96.62 | 104.93 | +0.59 | INFY ahead |
| 2024-11-07 | 96.18 | 105.52 | +0.53 | INFY ahead |
| 2024-11-06 | 95.07 | 102.99 | +0.62 | INFY ahead |
| 2024-11-05 | 92.00 | 98.68 | +0.69 | INFY ahead |
| 2024-11-04 | 92.05 | 98.63 | +0.70 | INFY ahead |
| 2024-11-01 | 92.23 | 97.81 | +0.77 | INFY ahead |
| 2024-10-31 | 92.89 | 95.65 | +0.97 | INFY ahead |
| 2024-10-30 | 93.82 | 97.46 | +0.92 | INFY ahead |
| 2024-10-29 | 96.71 | 97.61 | +1.12 | INFY ahead |
| 2024-10-28 | 98.05 | 96.10 | +1.32 | INFY ahead |
| 2024-10-25 | 97.25 | 97.23 | +1.20 | INFY ahead |
| 2024-10-24 | 97.96 | 96.87 | +1.28 | INFY ahead |
| 2024-10-23 | 98.67 | 99.00 | +1.19 | INFY ahead |
| 2024-10-22 | 98.45 | 100.93 | +1.04 | INFY ahead |
| 2024-10-21 | 98.62 | 99.70 | +1.15 | INFY ahead |
| 2024-10-18 | 100.00 | 100.00 | +1.23 | INFY ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): May 23, 2025 (INFY +0.4%, WDAY -12.5%); Jan 14, 2026 (INFY +10.4%, WDAY -2.8%); May 29, 2026 (INFY -0.4%, WDAY +12.4%); Aug 13, 2026 (INFY +1.1%, WDAY +17.8%). Upcoming earnings: INFY Oct 23, 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
INFY and WDAY at a glance
INFY Infosys Limited
- Listing
- NYSE · SEC CIK 1067491
- Industry
- EDP Services · SIC 7371 Services-Computer Programming Services
- Market value
- $49.5B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
WDAY Workday Inc.
- Listing
- Nasdaq · SEC CIK 1327811
- Industry
- EDP Services · SIC 7374 Services-Computer Processing & Data Preparation
- Market value
- $47.0B
- 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 →Other rivals of INFY and WDAY
| Pair | Status | Ahead now | Industry |
|---|---|---|---|
| INFY / CTSH | Watchlist | CTSH by 2.06 sd | SIC 7371 Services-Computer Programming Services |
| WDAY / RDDT | Watchlist | WDAY by 1.91 sd | SIC 7374 Services-Computer Processing & Data Preparation |
| INFY / ZS | Watchlist | ZS by 1.44 sd | SIC 7371 Services-Computer Programming Services |
| ADP / INFY | Watchlist | ADP by 1.33 sd | EDP Services |
| ADP / WDAY | Watchlist | neither | EDP Services |
Follow the research behind the paper book
Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.
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.
