International Paper Company vs Suzano S.A.
WatchlistIP / SUZPrices through Oct 22, 2026
Why these are rivals: #1 and #2 by market value ($18B vs $11B) in Nasdaq's "Paper" industry; SEC SIC 2621 / 2621 (same major group); #1 and #2 by market value ($18B vs $11B) with SEC SIC 2621 (Paper Mills).
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: 0.27 (needs >= 0.60)
Business leadership
Business size
Annual revenue reported to the SEC. Scale, not market share.
| Year | IP | SUZ | Larger |
|---|---|---|---|
| 2025 | $23.6B | - | - |
| 2024 | $15.8B | - | - |
| 2023 | $16.0B | - | - |
| 2022 | $21.2B | - | - |
| 2021 | $19.4B | - | - |
| 2020 | $17.6B | - | - |
Market value: IP $17.9B, SUZ $10.7B.
Stock leadership
SUZ is ahead now
Measured against the pair's own last 252 trading days.
SUZ leads IP by 0.53 standard deviations: +5.9% over its usual price ratio. 2 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| IP | -20.1% | +0.4% | -29.4% |
| SUZ | +2.9% | -8.8% | -3.3% |
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: 0.27 (needs >= 0.60)
- Pass
- Mean reversion: ADF t-statistic of the spread: -2.88 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 14.10 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
IP International Paper Company SUZ Suzano S.A.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: IP relative to SUZ, against the 252 sessions before each day. Above 0: IP ahead; below 0: SUZ ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | IP index | SUZ index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 72.00 | 86.86 | -0.53 | SUZ ahead |
| 2026-10-21 | 71.89 | 86.05 | -0.47 | near the usual relationship |
| 2026-10-20 | 72.02 | 86.05 | -0.46 | near the usual relationship |
| 2026-10-19 | 72.15 | 86.56 | -0.50 | SUZ ahead |
| 2026-10-16 | 72.79 | 86.56 | -0.43 | near the usual relationship |
| 2026-10-15 | 72.89 | 85.03 | -0.26 | near the usual relationship |
| 2026-10-14 | 68.19 | 87.17 | -1.08 | SUZ ahead |
| 2026-10-13 | 68.00 | 87.88 | -1.18 | SUZ ahead |
| 2026-10-12 | 67.85 | 86.86 | -1.11 | SUZ ahead |
| 2026-10-09 | 68.66 | 87.27 | -1.05 | SUZ ahead |
| 2026-10-08 | 68.15 | 86.66 | -1.06 | SUZ ahead |
| 2026-10-07 | 68.02 | 85.74 | -0.99 | SUZ ahead |
| 2026-10-06 | 68.70 | 85.54 | -0.89 | SUZ ahead |
| 2026-10-05 | 68.51 | 85.85 | -0.96 | SUZ ahead |
| 2026-10-02 | 68.34 | 86.56 | -1.06 | SUZ ahead |
| 2026-10-01 | 69.52 | 84.52 | -0.71 | SUZ ahead |
| 2026-09-30 | 70.91 | 87.27 | -0.82 | SUZ ahead |
| 2026-09-29 | 71.23 | 86.76 | -0.74 | SUZ ahead |
| 2026-09-28 | 72.68 | 87.27 | -0.62 | SUZ ahead |
| 2026-09-25 | 74.86 | 88.49 | -0.49 | near the usual relationship |
| 2026-09-24 | 74.56 | 89.41 | -0.62 | SUZ ahead |
| 2026-09-23 | 76.31 | 93.79 | -0.84 | SUZ ahead |
| 2026-09-22 | 76.34 | 97.25 | -1.15 | SUZ ahead |
| 2026-09-21 | 75.52 | 94.20 | -0.98 | SUZ ahead |
| 2026-09-18 | 73.81 | 94.60 | -1.22 | SUZ ahead |
| 2026-09-17 | 75.99 | 94.30 | -0.95 | SUZ ahead |
| 2026-09-16 | 72.81 | 92.67 | -1.18 | SUZ ahead |
| 2026-09-15 | 72.66 | 93.99 | -1.33 | SUZ ahead |
| 2026-09-14 | 73.22 | 93.69 | -1.25 | SUZ ahead |
| 2026-09-11 | 73.45 | 95.32 | -1.38 | SUZ ahead |
| 2026-09-10 | 73.30 | 96.03 | -1.47 | SUZ ahead |
| 2026-09-09 | 74.05 | 94.40 | -1.25 | SUZ ahead |
| 2026-09-08 | 78.00 | 93.99 | -0.77 | SUZ ahead |
| 2026-09-04 | 79.61 | 93.38 | -0.55 | SUZ ahead |
| 2026-09-03 | 77.90 | 93.18 | -0.72 | SUZ ahead |
| 2026-09-02 | 77.60 | 93.08 | -0.75 | SUZ ahead |
| 2026-09-01 | 77.94 | 90.22 | -0.46 | near the usual relationship |
| 2026-08-31 | 81.08 | 88.80 | +0.01 | near the usual relationship |
| 2026-08-28 | 84.03 | 90.63 | +0.13 | near the usual relationship |
| 2026-08-27 | 85.25 | 91.24 | +0.19 | near the usual relationship |
| 2026-08-26 | 88.48 | 91.04 | +0.52 | IP ahead |
| 2026-08-25 | 87.62 | 91.96 | +0.35 | near the usual relationship |
| 2026-08-24 | 87.73 | 92.36 | +0.32 | near the usual relationship |
| 2026-08-21 | 88.69 | 89.41 | +0.68 | IP ahead |
| 2026-08-20 | 86.28 | 86.56 | +0.72 | IP ahead |
| 2026-08-19 | 87.77 | 84.93 | +1.02 | IP ahead |
| 2026-08-18 | 85.61 | 80.75 | +1.24 | IP ahead |
| 2026-08-17 | 86.06 | 80.04 | +1.36 | IP ahead |
| 2026-08-14 | 87.09 | 82.59 | +1.20 | IP ahead |
| 2026-08-13 | 87.90 | 81.36 | +1.41 | IP ahead |
| 2026-08-12 | 87.94 | 81.67 | +1.39 | IP ahead |
| 2026-08-11 | 89.35 | 79.84 | +1.73 | IP ahead |
| 2026-08-10 | 88.37 | 82.69 | +1.34 | IP ahead |
| 2026-08-07 | 88.88 | 83.71 | +1.29 | IP ahead |
| 2026-08-06 | 86.64 | 84.01 | +1.04 | IP ahead |
| 2026-08-05 | 90.32 | 85.03 | +1.29 | IP ahead |
| 2026-08-04 | 90.44 | 85.03 | +1.30 | IP ahead |
| 2026-08-03 | 88.61 | 86.86 | +0.95 | IP ahead |
| 2026-07-31 | 87.28 | 86.76 | +0.81 | IP ahead |
| 2026-07-30 | 92.24 | 85.95 | +1.34 | IP ahead |
| 2026-07-29 | 91.15 | 84.52 | +1.37 | IP ahead |
| 2026-07-28 | 94.25 | 85.64 | +1.52 | IP ahead |
| 2026-07-27 | 90.66 | 83.71 | +1.37 | IP ahead |
| 2026-07-24 | 90.12 | 84.42 | +1.24 | IP ahead |
| 2026-07-23 | 81.04 | 84.93 | +0.33 | near the usual relationship |
| 2026-07-22 | 81.42 | 86.05 | +0.25 | near the usual relationship |
| 2026-07-21 | 77.70 | 83.91 | +0.07 | near the usual relationship |
| 2026-07-20 | 77.49 | 83.91 | +0.04 | near the usual relationship |
| 2026-07-17 | 80.29 | 83.60 | +0.34 | near the usual relationship |
| 2026-07-16 | 80.95 | 83.50 | +0.40 | near the usual relationship |
| 2026-07-15 | 78.54 | 83.40 | +0.17 | near the usual relationship |
| 2026-07-14 | 78.02 | 82.99 | +0.15 | near the usual relationship |
| 2026-07-13 | 79.09 | 82.59 | +0.28 | near the usual relationship |
| 2026-07-10 | 81.08 | 82.18 | +0.49 | near the usual relationship |
| 2026-07-09 | 79.48 | 81.36 | +0.41 | near the usual relationship |
| 2026-07-08 | 78.39 | 80.75 | +0.36 | near the usual relationship |
| 2026-07-07 | 81.06 | 81.57 | +0.53 | IP ahead |
| 2026-07-06 | 82.47 | 81.26 | +0.68 | IP ahead |
| 2026-07-02 | 82.92 | 80.24 | +0.80 | IP ahead |
| 2026-07-01 | 81.96 | 79.53 | +0.78 | IP ahead |
| 2026-06-30 | 81.45 | 79.02 | +0.78 | IP ahead |
| 2026-06-29 | 81.72 | 78.11 | +0.89 | IP ahead |
| 2026-06-26 | 82.86 | 78.62 | +0.95 | IP ahead |
| 2026-06-25 | 83.41 | 82.48 | +0.64 | IP ahead |
| 2026-06-24 | 81.87 | 82.59 | +0.50 | IP ahead |
| 2026-06-23 | 78.15 | 81.87 | +0.22 | near the usual relationship |
| 2026-06-22 | 78.86 | 83.60 | +0.13 | near the usual relationship |
| 2026-06-18 | 78.71 | 85.44 | -0.05 | near the usual relationship |
| 2026-06-17 | 77.30 | 84.32 | -0.08 | near the usual relationship |
| 2026-06-16 | 77.28 | 85.74 | -0.21 | near the usual relationship |
| 2026-06-15 | 77.79 | 86.05 | -0.19 | near the usual relationship |
| 2026-06-12 | 77.28 | 83.81 | -0.05 | near the usual relationship |
| 2026-06-11 | 74.71 | 82.99 | -0.23 | near the usual relationship |
| 2026-06-10 | 68.08 | 81.67 | -0.79 | SUZ ahead |
| 2026-06-09 | 72.94 | 82.99 | -0.41 | near the usual relationship |
| 2026-06-08 | 70.24 | 82.69 | -0.67 | SUZ ahead |
| 2026-06-05 | 71.85 | 83.30 | -0.56 | SUZ ahead |
| 2026-06-04 | 72.42 | 81.77 | -0.38 | near the usual relationship |
| 2026-06-03 | 71.40 | 81.87 | -0.49 | near the usual relationship |
| 2026-06-02 | 72.32 | 82.08 | -0.43 | near the usual relationship |
| 2026-06-01 | 72.02 | 82.69 | -0.51 | SUZ ahead |
| 2026-05-29 | 71.55 | 83.30 | -0.62 | SUZ ahead |
| 2026-05-28 | 71.23 | 84.11 | -0.73 | SUZ ahead |
| 2026-05-27 | 69.30 | 85.13 | -1.01 | SUZ ahead |
| 2026-05-26 | 68.32 | 84.83 | -1.10 | SUZ ahead |
| 2026-05-22 | 66.89 | 84.62 | -1.24 | SUZ ahead |
| 2026-05-21 | 67.34 | 86.05 | -1.32 | SUZ ahead |
| 2026-05-20 | 66.01 | 86.05 | -1.48 | SUZ ahead |
| 2026-05-19 | 62.80 | 82.89 | -1.58 | SUZ ahead |
| 2026-05-18 | 64.99 | 85.23 | -1.55 | SUZ ahead |
| 2026-05-15 | 64.69 | 83.60 | -1.46 | SUZ ahead |
| 2026-05-14 | 67.55 | 86.97 | -1.44 | SUZ ahead |
| 2026-05-13 | 68.36 | 87.27 | -1.39 | SUZ ahead |
| 2026-05-12 | 70.27 | 89.10 | -1.36 | SUZ ahead |
| 2026-05-11 | 69.41 | 89.00 | -1.45 | SUZ ahead |
| 2026-05-08 | 70.61 | 90.33 | -1.45 | SUZ ahead |
| 2026-05-07 | 70.71 | 89.31 | -1.37 | SUZ ahead |
| 2026-05-06 | 71.65 | 89.00 | -1.26 | SUZ ahead |
| 2026-05-05 | 68.11 | 87.58 | -1.52 | SUZ ahead |
| 2026-05-04 | 66.70 | 87.07 | -1.65 | SUZ ahead |
| 2026-05-01 | 67.89 | 88.70 | -1.67 | SUZ ahead |
| 2026-04-30 | 65.03 | 90.33 | -2.15 | SUZ ahead |
| 2026-04-29 | 71.78 | 90.94 | -1.48 | SUZ ahead |
| 2026-04-28 | 72.72 | 92.36 | -1.51 | SUZ ahead |
| 2026-04-27 | 69.79 | 92.67 | -1.86 | SUZ ahead |
| 2026-04-24 | 69.79 | 92.67 | -1.89 | SUZ ahead |
| 2026-04-23 | 71.70 | 95.21 | -1.91 | SUZ ahead |
| 2026-04-22 | 71.25 | 97.15 | -2.14 | SUZ ahead |
| 2026-04-21 | 75.76 | 96.54 | -1.64 | SUZ ahead |
| 2026-04-20 | 78.86 | 97.66 | -1.43 | SUZ ahead |
| 2026-04-17 | 79.37 | 98.27 | -1.44 | SUZ ahead |
| 2026-04-16 | 77.36 | 96.95 | -1.55 | SUZ ahead |
| 2026-04-15 | 78.05 | 97.05 | -1.50 | SUZ ahead |
| 2026-04-14 | 78.11 | 98.68 | -1.64 | SUZ ahead |
| 2026-04-13 | 78.35 | 96.84 | -1.48 | SUZ ahead |
| 2026-04-10 | 78.02 | 95.72 | -1.44 | SUZ ahead |
| 2026-04-09 | 78.62 | 95.93 | -1.41 | SUZ ahead |
| 2026-04-08 | 79.24 | 94.09 | -1.20 | SUZ ahead |
| 2026-04-07 | 73.83 | 91.85 | -1.58 | SUZ ahead |
| 2026-04-06 | 74.67 | 98.27 | -2.04 | SUZ ahead |
| 2026-04-02 | 74.37 | 100.31 | -2.26 | SUZ ahead |
| 2026-04-01 | 76.23 | 102.75 | -2.28 | SUZ ahead |
| 2026-03-31 | 76.31 | 101.93 | -2.24 | SUZ ahead |
| 2026-03-30 | 74.82 | 97.86 | -2.09 | SUZ ahead |
| 2026-03-27 | 75.78 | 97.86 | -2.01 | SUZ ahead |
| 2026-03-26 | 77.28 | 97.96 | -1.87 | SUZ ahead |
| 2026-03-25 | 77.96 | 100.00 | -1.99 | SUZ ahead |
| 2026-03-24 | 77.26 | 98.57 | -1.97 | SUZ ahead |
| 2026-03-23 | 76.02 | 99.69 | -2.22 | SUZ ahead |
| 2026-03-20 | 72.17 | 95.82 | -2.36 | SUZ ahead |
| 2026-03-19 | 72.68 | 99.08 | -2.62 | SUZ ahead |
| 2026-03-18 | 76.74 | 102.04 | -2.45 | SUZ ahead |
| 2026-03-17 | 79.93 | 103.05 | -2.22 | SUZ ahead |
| 2026-03-16 | 80.25 | 103.26 | -2.23 | SUZ ahead |
| 2026-03-13 | 79.63 | 101.93 | -2.22 | SUZ ahead |
| 2026-03-12 | 76.21 | 103.36 | -2.77 | SUZ ahead |
| 2026-03-11 | 82.64 | 107.94 | -2.48 | SUZ ahead |
| 2026-03-10 | 83.56 | 108.96 | -2.50 | SUZ ahead |
| 2026-03-09 | 82.06 | 108.66 | -2.69 | SUZ ahead |
| 2026-03-06 | 84.50 | 105.91 | -2.22 | SUZ ahead |
| 2026-03-05 | 88.31 | 107.23 | -1.95 | SUZ ahead |
| 2026-03-04 | 91.02 | 109.47 | -1.88 | SUZ ahead |
| 2026-03-03 | 89.89 | 110.49 | -2.10 | SUZ ahead |
| 2026-03-02 | 91.68 | 113.85 | -2.22 | SUZ ahead |
| 2026-02-27 | 93.10 | 115.38 | -2.23 | SUZ ahead |
| 2026-02-26 | 92.20 | 116.70 | -2.46 | SUZ ahead |
| 2026-02-25 | 93.33 | 116.50 | -2.37 | SUZ ahead |
| 2026-02-24 | 94.10 | 115.38 | -2.23 | SUZ ahead |
| 2026-02-23 | 94.93 | 112.02 | -1.88 | SUZ ahead |
| 2026-02-20 | 100.19 | 111.91 | -1.37 | SUZ ahead |
| 2026-02-19 | 100.17 | 111.41 | -1.34 | SUZ ahead |
| 2026-02-18 | 103.63 | 110.79 | -0.97 | SUZ ahead |
| 2026-02-17 | 104.85 | 111.71 | -0.94 | SUZ ahead |
| 2026-02-13 | 104.96 | 113.85 | -1.13 | SUZ ahead |
| 2026-02-12 | 105.11 | 114.36 | -1.16 | SUZ ahead |
| 2026-02-11 | 105.15 | 113.85 | -1.13 | SUZ ahead |
| 2026-02-10 | 102.61 | 100.31 | -0.15 | near the usual relationship |
| 2026-02-09 | 101.54 | 100.31 | -0.25 | near the usual relationship |
| 2026-02-06 | 99.57 | 98.57 | -0.28 | near the usual relationship |
| 2026-02-05 | 94.85 | 97.56 | -0.65 | SUZ ahead |
| 2026-02-04 | 95.53 | 96.23 | -0.45 | near the usual relationship |
| 2026-02-03 | 89.91 | 95.82 | -1.00 | SUZ ahead |
| 2026-02-02 | 86.98 | 94.91 | -1.23 | SUZ ahead |
| 2026-01-30 | 86.19 | 95.42 | -1.38 | SUZ ahead |
| 2026-01-29 | 83.37 | 97.05 | -1.89 | SUZ ahead |
| 2026-01-28 | 88.69 | 100.71 | -1.67 | SUZ ahead |
| 2026-01-27 | 90.21 | 100.10 | -1.45 | SUZ ahead |
| 2026-01-26 | 91.92 | 99.69 | -1.24 | SUZ ahead |
| 2026-01-23 | 92.01 | 100.31 | -1.30 | SUZ ahead |
| 2026-01-22 | 89.44 | 100.41 | -1.60 | SUZ ahead |
| 2026-01-21 | 91.47 | 99.29 | -1.29 | SUZ ahead |
| 2026-01-20 | 89.06 | 97.35 | -1.37 | SUZ ahead |
| 2026-01-16 | 92.67 | 98.17 | -1.07 | SUZ ahead |
| 2026-01-15 | 93.33 | 99.19 | -1.11 | SUZ ahead |
| 2026-01-14 | 91.58 | 98.37 | -1.22 | SUZ ahead |
| 2026-01-13 | 90.98 | 97.86 | -1.25 | SUZ ahead |
| 2026-01-12 | 90.55 | 98.37 | -1.35 | SUZ ahead |
| 2026-01-09 | 92.65 | 97.25 | -1.02 | SUZ ahead |
| 2026-01-08 | 89.95 | 94.40 | -1.03 | SUZ ahead |
| 2026-01-07 | 84.57 | 94.81 | -1.70 | SUZ ahead |
| 2026-01-06 | 87.64 | 94.81 | -1.35 | SUZ ahead |
| 2026-01-05 | 86.62 | 95.21 | -1.53 | SUZ ahead |
| 2026-01-02 | 86.04 | 96.95 | -1.80 | SUZ ahead |
| 2025-12-31 | 84.20 | 95.11 | -1.84 | SUZ ahead |
| 2025-12-30 | 84.93 | 95.21 | -1.79 | SUZ ahead |
| 2025-12-29 | 85.21 | 94.30 | -1.67 | SUZ ahead |
| 2025-12-26 | 85.27 | 94.91 | -1.75 | SUZ ahead |
| 2025-12-24 | 84.16 | 94.40 | -1.85 | SUZ ahead |
| 2025-12-23 | 84.35 | 94.70 | -1.88 | SUZ ahead |
| 2025-12-22 | 83.99 | 93.58 | -1.82 | SUZ ahead |
| 2025-12-19 | 81.74 | 96.44 | -2.46 | SUZ ahead |
| 2025-12-18 | 82.51 | 97.15 | -2.48 | SUZ ahead |
| 2025-12-17 | 82.71 | 91.55 | -1.84 | SUZ ahead |
| 2025-12-16 | 82.54 | 90.84 | -1.79 | SUZ ahead |
| 2025-12-15 | 82.51 | 91.75 | -1.93 | SUZ ahead |
| 2025-12-12 | 82.39 | 91.85 | -1.98 | SUZ ahead |
| 2025-12-11 | 83.48 | 92.97 | -1.99 | SUZ ahead |
| 2025-12-10 | 83.63 | 96.13 | -2.38 | SUZ ahead |
| 2025-12-09 | 80.33 | 94.40 | -2.67 | SUZ ahead |
| 2025-12-08 | 82.32 | 94.09 | -2.39 | SUZ ahead |
| 2025-12-05 | 83.50 | 94.09 | -2.26 | SUZ ahead |
| 2025-12-04 | 83.65 | 94.60 | -2.34 | SUZ ahead |
| 2025-12-03 | 83.84 | 93.89 | -2.25 | SUZ ahead |
| 2025-12-02 | 80.91 | 92.16 | -2.48 | SUZ ahead |
| 2025-12-01 | 83.78 | 90.43 | -1.87 | SUZ ahead |
| 2025-11-28 | 84.40 | 91.14 | -1.89 | SUZ ahead |
| 2025-11-26 | 84.14 | 91.24 | -1.96 | SUZ ahead |
| 2025-11-25 | 83.65 | 90.33 | -1.93 | SUZ ahead |
| 2025-11-24 | 80.35 | 90.63 | -2.50 | SUZ ahead |
| 2025-11-21 | 80.53 | 91.14 | -2.59 | SUZ ahead |
| 2025-11-20 | 76.10 | 91.55 | -3.43 | SUZ ahead |
| 2025-11-19 | 77.79 | 92.57 | -3.38 | SUZ ahead |
| 2025-11-18 | 78.77 | 93.18 | -3.39 | SUZ ahead |
| 2025-11-17 | 78.43 | 92.36 | -3.42 | SUZ ahead |
| 2025-11-14 | 79.84 | 90.73 | -3.00 | SUZ ahead |
| 2025-11-13 | 81.00 | 91.45 | -2.97 | SUZ ahead |
| 2025-11-12 | 81.59 | 92.46 | -3.09 | SUZ ahead |
| 2025-11-11 | 82.30 | 90.12 | -2.65 | SUZ ahead |
| 2025-11-10 | 81.08 | 89.10 | -2.75 | SUZ ahead |
| 2025-11-07 | 81.45 | 90.73 | -3.01 | SUZ ahead |
| 2025-11-06 | 78.11 | 92.26 | -4.01 | SUZ ahead |
| 2025-11-05 | 77.64 | 93.08 | -4.42 | SUZ ahead |
| 2025-11-04 | 78.15 | 92.77 | -4.44 | SUZ ahead |
| 2025-11-03 | 78.94 | 92.16 | -4.30 | SUZ ahead |
| 2025-10-31 | 82.60 | 91.96 | -3.55 | SUZ ahead |
| 2025-10-30 | 82.58 | 92.36 | -3.71 | SUZ ahead |
| 2025-10-29 | 94.55 | 93.28 | -1.52 | SUZ ahead |
| 2025-10-28 | 100.75 | 94.09 | -0.57 | SUZ ahead |
| 2025-10-27 | 103.01 | 92.87 | +0.05 | near the usual relationship |
| 2025-10-24 | 104.47 | 92.87 | +0.29 | near the usual relationship |
| 2025-10-23 | 104.96 | 92.26 | +0.49 | near the usual relationship |
| 2025-10-22 | 102.50 | 91.24 | +0.28 | near the usual relationship |
| 2025-10-21 | 101.92 | 89.82 | +0.46 | near the usual relationship |
| 2025-10-20 | 102.37 | 90.53 | +0.41 | near the usual relationship |
| 2025-10-17 | 99.57 | 90.43 | -0.03 | near the usual relationship |
| 2025-10-16 | 99.70 | 89.51 | +0.16 | near the usual relationship |
| 2025-10-15 | 100.34 | 88.80 | +0.41 | near the usual relationship |
| 2025-10-14 | 99.76 | 89.61 | +0.16 | near the usual relationship |
| 2025-10-13 | 97.58 | 90.12 | -0.29 | near the usual relationship |
| 2025-10-10 | 97.67 | 89.71 | -0.19 | near the usual relationship |
| 2025-10-09 | 99.23 | 90.94 | -0.15 | near the usual relationship |
| 2025-10-08 | 99.74 | 91.65 | -0.18 | near the usual relationship |
| 2025-10-07 | 98.20 | 93.18 | -0.70 | SUZ ahead |
| 2025-10-06 | 98.08 | 95.32 | -1.08 | SUZ ahead |
| 2025-10-03 | 100.83 | 96.95 | -0.90 | SUZ ahead |
| 2025-10-02 | 99.72 | 95.93 | -0.91 | SUZ ahead |
| 2025-10-01 | 98.87 | 95.62 | -1.00 | SUZ ahead |
| 2025-09-30 | 99.19 | 95.72 | -0.96 | SUZ ahead |
| 2025-09-29 | 98.50 | 94.20 | -0.82 | SUZ ahead |
| 2025-09-26 | 96.88 | 94.09 | -1.07 | SUZ ahead |
| 2025-09-25 | 96.88 | 95.42 | -1.30 | SUZ ahead |
| 2025-09-24 | 98.87 | 95.32 | -0.96 | SUZ ahead |
| 2025-09-23 | 99.12 | 96.95 | -1.20 | SUZ ahead |
| 2025-09-22 | 98.67 | 96.03 | -1.12 | SUZ ahead |
| 2025-09-19 | 99.25 | 97.05 | -1.21 | SUZ ahead |
| 2025-09-18 | 100.71 | 97.45 | -1.04 | SUZ ahead |
| 2025-09-17 | 100.34 | 97.56 | -1.12 | SUZ ahead |
| 2025-09-16 | 98.85 | 97.45 | -1.35 | SUZ ahead |
| 2025-09-15 | 97.41 | 96.54 | -1.44 | SUZ ahead |
| 2025-09-12 | 98.31 | 96.33 | -1.25 | SUZ ahead |
| 2025-09-11 | 99.47 | 97.45 | -1.25 | SUZ ahead |
| 2025-09-10 | 99.34 | 96.03 | -1.03 | SUZ ahead |
| 2025-09-09 | 100.21 | 97.35 | -1.11 | SUZ ahead |
| 2025-09-08 | 101.35 | 97.25 | -0.90 | SUZ ahead |
| 2025-09-05 | 104.08 | 98.07 | -0.60 | SUZ ahead |
| 2025-09-04 | 103.27 | 97.05 | -0.56 | SUZ ahead |
| 2025-09-03 | 102.97 | 97.25 | -0.64 | SUZ ahead |
| 2025-09-02 | 105.11 | 97.86 | -0.40 | near the usual relationship |
| 2025-08-29 | 106.20 | 99.08 | -0.43 | near the usual relationship |
| 2025-08-28 | 104.66 | 100.00 | -0.81 | SUZ ahead |
| 2025-08-27 | 103.40 | 99.80 | -0.96 | SUZ ahead |
| 2025-08-26 | 104.28 | 99.08 | -0.71 | SUZ ahead |
| 2025-08-25 | 105.58 | 100.61 | -0.74 | SUZ ahead |
| 2025-08-22 | 104.51 | 101.02 | -0.96 | SUZ ahead |
| 2025-08-21 | 102.67 | 97.56 | -0.68 | SUZ ahead |
| 2025-08-20 | 100.49 | 97.66 | -1.03 | SUZ ahead |
| 2025-08-19 | 101.15 | 97.86 | -0.95 | SUZ ahead |
| 2025-08-18 | 100.17 | 99.08 | -1.29 | SUZ ahead |
| 2025-08-15 | 99.62 | 101.22 | -1.70 | SUZ ahead |
| 2025-08-14 | 102.09 | 101.73 | -1.38 | SUZ ahead |
| 2025-08-13 | 103.98 | 101.83 | -1.10 | SUZ ahead |
| 2025-08-12 | 103.38 | 102.14 | -1.23 | SUZ ahead |
| 2025-08-11 | 100.81 | 101.12 | -1.46 | SUZ ahead |
| 2025-08-08 | 101.65 | 102.95 | -1.61 | SUZ ahead |
| 2025-08-07 | 102.69 | 102.04 | -1.32 | SUZ ahead |
| 2025-08-06 | 99.04 | 95.42 | -0.86 | SUZ ahead |
| 2025-08-05 | 98.57 | 93.99 | -0.70 | SUZ ahead |
| 2025-08-04 | 98.46 | 93.38 | -0.61 | SUZ ahead |
| 2025-08-01 | 99.21 | 94.81 | -0.72 | SUZ ahead |
| 2025-07-31 | 99.91 | 94.40 | -0.55 | SUZ ahead |
| 2025-07-30 | 114.64 | 95.72 | +1.33 | IP ahead |
| 2025-07-29 | 116.37 | 95.11 | +1.67 | IP ahead |
| 2025-07-28 | 118.64 | 95.21 | +1.97 | IP ahead |
| 2025-07-25 | 119.03 | 96.44 | +1.84 | IP ahead |
| 2025-07-24 | 117.14 | 95.32 | +1.80 | IP ahead |
| 2025-07-23 | 115.65 | 95.62 | +1.56 | IP ahead |
| 2025-07-22 | 112.55 | 93.69 | +1.47 | IP ahead |
| 2025-07-21 | 109.79 | 93.18 | +1.18 | IP ahead |
| 2025-07-18 | 107.63 | 92.26 | +1.03 | IP ahead |
| 2025-07-17 | 108.83 | 92.46 | +1.17 | IP ahead |
| 2025-07-16 | 109.64 | 92.57 | +1.27 | IP ahead |
| 2025-07-15 | 108.87 | 92.26 | +1.22 | IP ahead |
| 2025-07-14 | 111.42 | 90.94 | +1.79 | IP ahead |
| 2025-07-11 | 112.04 | 91.45 | +1.79 | IP ahead |
| 2025-07-10 | 112.04 | 91.55 | +1.79 | IP ahead |
| 2025-07-09 | 109.79 | 92.46 | +1.34 | IP ahead |
| 2025-07-08 | 108.17 | 94.81 | +0.76 | IP ahead |
| 2025-07-07 | 106.61 | 94.81 | +0.56 | IP ahead |
| 2025-07-03 | 107.80 | 97.45 | +0.34 | near the usual relationship |
| 2025-07-02 | 107.72 | 97.05 | +0.39 | near the usual relationship |
| 2025-07-01 | 105.71 | 94.81 | +0.46 | near the usual relationship |
| 2025-06-30 | 100.11 | 95.82 | -0.42 | near the usual relationship |
| 2025-06-27 | 101.26 | 94.70 | -0.11 | near the usual relationship |
| 2025-06-26 | 99.42 | 95.52 | -0.47 | near the usual relationship |
| 2025-06-25 | 99.19 | 94.40 | -0.35 | near the usual relationship |
| 2025-06-24 | 99.59 | 95.82 | -0.50 | SUZ ahead |
| 2025-06-23 | 98.53 | 95.42 | -0.59 | SUZ ahead |
| 2025-06-20 | 97.97 | 95.82 | -0.73 | SUZ ahead |
| 2025-06-18 | 98.59 | 97.45 | -0.87 | SUZ ahead |
| 2025-06-17 | 98.18 | 97.66 | -0.96 | SUZ ahead |
| 2025-06-16 | 99.57 | 100.41 | -1.15 | SUZ ahead |
| 2025-06-13 | 98.10 | 99.39 | -1.22 | SUZ ahead |
| 2025-06-12 | 100.79 | 97.45 | -0.58 | SUZ ahead |
| 2025-06-11 | 100.64 | 97.35 | -0.59 | SUZ ahead |
| 2025-06-10 | 101.80 | 97.35 | -0.43 | near the usual relationship |
| 2025-06-09 | 102.61 | 97.96 | -0.41 | near the usual relationship |
| 2025-06-06 | 101.22 | 97.35 | -0.51 | SUZ ahead |
| 2025-06-05 | 100.68 | 96.33 | -0.44 | near the usual relationship |
| 2025-06-04 | 101.09 | 89.71 | +0.59 | IP ahead |
| 2025-06-03 | 101.15 | 90.94 | +0.42 | near the usual relationship |
| 2025-06-02 | 100.90 | 89.41 | +0.62 | IP ahead |
| 2025-05-30 | 102.20 | 88.39 | +0.96 | IP ahead |
| 2025-05-29 | 102.50 | 91.04 | +0.61 | IP ahead |
| 2025-05-28 | 102.01 | 91.45 | +0.49 | near the usual relationship |
| 2025-05-27 | 103.81 | 92.87 | +0.52 | IP ahead |
| 2025-05-23 | 101.90 | 95.32 | -0.07 | near the usual relationship |
| 2025-05-22 | 103.95 | 95.72 | +0.15 | near the usual relationship |
| 2025-05-21 | 104.02 | 95.93 | +0.14 | near the usual relationship |
| 2025-05-20 | 106.90 | 95.21 | +0.59 | IP ahead |
| 2025-05-19 | 107.93 | 96.64 | +0.53 | IP ahead |
| 2025-05-16 | 107.18 | 96.44 | +0.47 | near the usual relationship |
| 2025-05-15 | 105.96 | 96.74 | +0.31 | near the usual relationship |
| 2025-05-14 | 107.57 | 96.54 | +0.51 | IP ahead |
| 2025-05-13 | 102.61 | 96.64 | -0.04 | near the usual relationship |
| 2025-05-12 | 102.42 | 93.99 | +0.27 | near the usual relationship |
| 2025-05-09 | 94.63 | 90.63 | -0.19 | near the usual relationship |
| 2025-05-08 | 96.02 | 91.45 | -0.10 | near the usual relationship |
| 2025-05-07 | 94.10 | 90.63 | -0.19 | near the usual relationship |
| 2025-05-06 | 95.02 | 89.92 | +0.00 | near the usual relationship |
| 2025-05-05 | 94.63 | 90.12 | -0.04 | near the usual relationship |
| 2025-05-02 | 97.99 | 91.34 | +0.17 | near the usual relationship |
| 2025-05-01 | 93.82 | 89.51 | -0.02 | near the usual relationship |
| 2025-04-30 | 97.65 | 90.22 | +0.26 | near the usual relationship |
| 2025-04-29 | 101.82 | 91.14 | +0.52 | IP ahead |
| 2025-04-28 | 101.50 | 91.45 | +0.47 | near the usual relationship |
| 2025-04-25 | 101.22 | 92.16 | +0.40 | near the usual relationship |
| 2025-04-24 | 101.82 | 93.58 | +0.33 | near the usual relationship |
| 2025-04-23 | 99.94 | 93.28 | +0.23 | near the usual relationship |
| 2025-04-22 | 99.36 | 92.16 | +0.28 | near the usual relationship |
| 2025-04-21 | 96.32 | 91.14 | +0.16 | near the usual relationship |
| 2025-04-17 | 98.93 | 91.14 | +0.34 | near the usual relationship |
| 2025-04-16 | 98.97 | 90.43 | +0.41 | near the usual relationship |
| 2025-04-15 | 100.19 | 89.71 | +0.54 | IP ahead |
| 2025-04-14 | 101.71 | 91.55 | +0.51 | IP ahead |
| 2025-04-11 | 100.13 | 90.02 | +0.53 | IP ahead |
| 2025-04-10 | 98.76 | 90.12 | +0.44 | near the usual relationship |
| 2025-04-09 | 104.79 | 91.04 | +0.74 | IP ahead |
| 2025-04-08 | 95.47 | 86.35 | +0.51 | IP ahead |
| 2025-04-07 | 99.91 | 86.66 | +0.76 | IP ahead |
| 2025-04-04 | 102.57 | 88.90 | +0.77 | IP ahead |
| 2025-04-03 | 105.13 | 92.67 | +0.67 | IP ahead |
| 2025-04-02 | 116.42 | 95.01 | +1.12 | IP ahead |
| 2025-04-01 | 114.69 | 95.21 | +1.02 | IP ahead |
| 2025-03-31 | 114.04 | 94.60 | +1.03 | IP ahead |
| 2025-03-28 | 113.75 | 94.30 | +1.04 | IP ahead |
| 2025-03-27 | 116.72 | 95.52 | +1.11 | IP ahead |
| 2025-03-26 | 118.45 | 95.21 | +1.22 | IP ahead |
| 2025-03-25 | 120.27 | 95.93 | +1.27 | IP ahead |
| 2025-03-24 | 112.93 | 96.03 | +0.93 | IP ahead |
| 2025-03-21 | 109.85 | 97.05 | +0.73 | IP ahead |
| 2025-03-20 | 111.78 | 100.10 | +0.66 | IP ahead |
| 2025-03-19 | 112.48 | 98.78 | +0.77 | IP ahead |
| 2025-03-18 | 111.24 | 98.47 | +0.73 | IP ahead |
| 2025-03-17 | 110.26 | 97.76 | +0.73 | IP ahead |
| 2025-03-14 | 109.90 | 96.44 | +0.79 | IP ahead |
| 2025-03-13 | 107.70 | 95.52 | +0.74 | IP ahead |
| 2025-03-12 | 108.23 | 95.72 | +0.76 | IP ahead |
| 2025-03-11 | 105.56 | 96.33 | +0.61 | IP ahead |
| 2025-03-10 | 106.67 | 96.74 | +0.65 | IP ahead |
| 2025-03-07 | 111.80 | 97.66 | +0.84 | IP ahead |
| 2025-03-06 | 110.54 | 97.56 | +0.79 | IP ahead |
| 2025-03-05 | 112.25 | 98.17 | +0.84 | IP ahead |
| 2025-03-04 | 109.66 | 95.32 | +0.88 | IP ahead |
| 2025-03-03 | 118.23 | 95.72 | +1.22 | IP ahead |
| 2025-02-28 | 120.46 | 97.86 | +1.21 | IP ahead |
| 2025-02-27 | 120.24 | 99.59 | +1.13 | IP ahead |
| 2025-02-26 | 119.13 | 100.20 | +1.06 | IP ahead |
| 2025-02-25 | 118.21 | 100.92 | +1.00 | IP ahead |
| 2025-02-24 | 118.21 | 101.02 | +1.00 | IP ahead |
| 2025-02-21 | 118.77 | 102.44 | +0.97 | IP ahead |
| 2025-02-20 | 119.84 | 103.26 | +0.98 | IP ahead |
| 2025-02-19 | 122.17 | 103.46 | +1.07 | IP ahead |
| 2025-02-18 | 122.45 | 103.56 | +1.08 | IP ahead |
| 2025-02-14 | 119.97 | 105.60 | +0.90 | IP ahead |
| 2025-02-13 | 118.51 | 104.79 | +0.89 | IP ahead |
| 2025-02-12 | 116.78 | 102.85 | +0.91 | IP ahead |
| 2025-02-11 | 118.94 | 103.36 | +0.98 | IP ahead |
| 2025-02-10 | 117.17 | 103.87 | +0.90 | IP ahead |
| 2025-02-07 | 119.86 | 104.79 | +0.97 | IP ahead |
| 2025-02-06 | 119.15 | 107.23 | +0.84 | IP ahead |
| 2025-02-05 | 115.18 | 105.40 | +0.78 | IP ahead |
| 2025-02-04 | 115.20 | 106.82 | +0.72 | IP ahead |
| 2025-02-03 | 119.35 | 110.49 | +0.74 | IP ahead |
| 2025-01-31 | 118.92 | 109.98 | +0.75 | IP ahead |
| 2025-01-30 | 121.95 | 108.96 | +0.91 | IP ahead |
| 2025-01-29 | 123.94 | 109.57 | +0.96 | IP ahead |
| 2025-01-28 | 126.38 | 109.37 | +1.07 | IP ahead |
| 2025-01-27 | 126.74 | 110.39 | +1.05 | IP ahead |
| 2025-01-24 | 128.45 | 108.76 | +1.18 | IP ahead |
| 2025-01-23 | 125.27 | 107.84 | +1.12 | IP ahead |
| 2025-01-22 | 124.39 | 106.42 | +1.16 | IP ahead |
| 2025-01-21 | 125.01 | 105.91 | +1.21 | IP ahead |
| 2025-01-17 | 121.70 | 104.99 | +1.14 | IP ahead |
| 2025-01-16 | 120.27 | 102.34 | +1.21 | IP ahead |
| 2025-01-15 | 118.98 | 103.77 | +1.11 | IP ahead |
| 2025-01-14 | 118.47 | 103.05 | +1.13 | IP ahead |
| 2025-01-13 | 115.20 | 103.56 | +0.99 | IP ahead |
| 2025-01-10 | 115.63 | 102.55 | +1.06 | IP ahead |
| 2025-01-08 | 116.89 | 103.26 | +1.08 | IP ahead |
| 2025-01-07 | 114.60 | 103.67 | +0.98 | IP ahead |
| 2025-01-06 | 114.37 | 104.18 | +0.96 | IP ahead |
| 2025-01-03 | 112.98 | 103.56 | +0.94 | IP ahead |
| 2025-01-02 | 113.64 | 103.36 | +0.98 | IP ahead |
| 2024-12-31 | 115.05 | 103.05 | +1.06 | IP ahead |
| 2024-12-30 | 114.69 | 102.55 | +1.07 | IP ahead |
| 2024-12-27 | 116.48 | 102.24 | +1.17 | IP ahead |
| 2024-12-26 | 118.02 | 102.55 | +1.22 | IP ahead |
| 2024-12-24 | 117.81 | 102.95 | +1.21 | IP ahead |
| 2024-12-23 | 116.48 | 101.02 | +1.25 | IP ahead |
| 2024-12-20 | 116.40 | 99.39 | +1.33 | IP ahead |
| 2024-12-19 | 115.09 | 100.41 | +1.25 | IP ahead |
| 2024-12-18 | 114.66 | 100.61 | +1.23 | IP ahead |
| 2024-12-17 | 118.08 | 106.21 | +1.13 | IP ahead |
| 2024-12-16 | 119.26 | 105.19 | +1.22 | IP ahead |
| 2024-12-13 | 118.73 | 104.99 | +1.22 | IP ahead |
| 2024-12-12 | 117.27 | 106.52 | +1.11 | IP ahead |
| 2024-12-11 | 116.55 | 108.86 | +0.99 | IP ahead |
| 2024-12-10 | 117.06 | 108.96 | +1.01 | IP ahead |
| 2024-12-09 | 119.24 | 111.30 | +1.01 | IP ahead |
| 2024-12-06 | 121.38 | 109.16 | +1.19 | IP ahead |
| 2024-12-05 | 121.23 | 110.08 | +1.15 | IP ahead |
| 2024-12-04 | 123.39 | 109.98 | +1.25 | IP ahead |
| 2024-12-03 | 125.50 | 107.13 | +1.46 | IP ahead |
| 2024-12-02 | 124.97 | 104.28 | +1.58 | IP ahead |
| 2024-11-29 | 125.76 | 105.40 | +1.58 | IP ahead |
| 2024-11-27 | 124.80 | 102.24 | +1.70 | IP ahead |
| 2024-11-26 | 126.36 | 103.77 | +1.70 | IP ahead |
| 2024-11-25 | 127.34 | 105.09 | +1.70 | IP ahead |
| 2024-11-22 | 126.81 | 106.82 | +1.61 | IP ahead |
| 2024-11-21 | 126.51 | 107.54 | +1.59 | IP ahead |
| 2024-11-20 | 125.78 | 107.54 | +1.57 | IP ahead |
| 2024-11-19 | 123.64 | 106.82 | +1.54 | IP ahead |
| 2024-11-18 | 123.34 | 108.35 | +1.47 | IP ahead |
| 2024-11-15 | 123.09 | 108.35 | +1.47 | IP ahead |
| 2024-11-14 | 121.70 | 106.82 | +1.50 | IP ahead |
| 2024-11-13 | 120.52 | 104.79 | +1.56 | IP ahead |
| 2024-11-12 | 122.51 | 104.58 | +1.66 | IP ahead |
| 2024-11-11 | 123.26 | 102.85 | +1.79 | IP ahead |
| 2024-11-08 | 122.66 | 103.56 | +1.75 | IP ahead |
| 2024-11-07 | 124.86 | 105.50 | +1.76 | IP ahead |
| 2024-11-06 | 125.76 | 106.21 | +1.78 | IP ahead |
| 2024-11-05 | 123.04 | 107.03 | +1.66 | IP ahead |
| 2024-11-04 | 120.99 | 105.30 | +1.67 | IP ahead |
| 2024-11-01 | 119.22 | 104.07 | +1.67 | IP ahead |
| 2024-10-31 | 118.73 | 104.58 | +1.65 | IP ahead |
| 2024-10-30 | 104.81 | 106.21 | +0.97 | IP ahead |
| 2024-10-29 | 101.09 | 105.30 | +0.84 | IP ahead |
| 2024-10-28 | 103.98 | 106.01 | +0.95 | IP ahead |
| 2024-10-25 | 103.83 | 106.01 | +0.95 | IP ahead |
| 2024-10-24 | 103.98 | 103.87 | +1.07 | IP ahead |
| 2024-10-23 | 104.85 | 103.26 | +1.15 | IP ahead |
| 2024-10-22 | 101.60 | 103.36 | +0.99 | IP ahead |
| 2024-10-21 | 100.32 | 100.81 | +1.06 | IP ahead |
| 2024-10-18 | 100.00 | 100.00 | +1.10 | IP ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 31, 2024 (IP +13.3%, SUZ -1.5%); Jul 31, 2025 (IP -12.8%, SUZ -1.4%); Oct 30, 2025 (IP -12.7%, SUZ -1.0%); Jul 24, 2026 (IP +11.2%, SUZ -0.6%). Upcoming earnings: IP Oct 28, 2026 (pre-market); SUZ Nov 5, 2026 (not-supplied).
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
IP and SUZ at a glance
IP International Paper Company
- Listing
- NYSE · SEC CIK 51434
- Industry
- Paper · SIC 2621 Paper Mills
- Market value
- $17.9B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
SUZ Suzano S.A.
- Listing
- NYSE · SEC CIK 909327
- Industry
- Paper · SIC 2621 Paper Mills
- Market value
- $10.7B
- 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.
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.
