SIC 3560 General Industrial Machinery & Equipment

Ingersoll Rand Inc. vs Zebra Technologies Corporation

WatchlistIR / ZBRAPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($30B vs $18B) with SEC SIC 3560 (General Industrial Machinery & Equipment).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.35 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -0.28 (needs <= -2.873 (5% critical value))
  • Speed: half-life of the spread, sessions: 199.21 (needs <= 63)
Business leadership

IR is the larger business

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

YearIRZBRALarger
2025$7.7B$5.4BIR
2024$7.2B$5.0BIR
2023$6.9B$4.6BIR
2022$5.9B$5.8BIR
2021$5.2B$5.6BZBRA
2020$4.0B$4.4BZBRA

Revenue lead switched: 2022 to IR. Market value: IR $30.2B, ZBRA $17.8B.

Stock leadership

ZBRA is ahead now

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

ZBRA leads IR by 2.07 standard deviations: +56.3% over its usual price ratio. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
IR-12.2%-12.8%-6.9%
ZBRA+47.8%+69.3%+25.5%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2374 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.35 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -0.28 (needs <= -2.873 (5% critical value))
Fail
Speed: half-life of the spread, sessions: 199.21 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

IR Ingersoll Rand Inc. ZBRA Zebra Technologies CorporationPrice 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 2026IR 74ZBRA 102
Spread z-score: IR relative to ZBRA, against the 252 sessions before each day. Above 0: IR ahead; below 0: ZBRA ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateIR indexZBRA indexzAhead
2026-10-2273.81102.32-2.07ZBRA ahead
2026-10-2178.75104.14-1.87ZBRA ahead
2026-10-2078.28102.30-1.83ZBRA ahead
2026-10-1977.44100.09-1.79ZBRA ahead
2026-10-1677.4798.28-1.71ZBRA ahead
2026-10-1577.56100.55-1.83ZBRA ahead
2026-10-1477.63100.38-1.83ZBRA ahead
2026-10-1378.64102.96-1.91ZBRA ahead
2026-10-1278.77103.37-1.94ZBRA ahead
2026-10-0978.44103.12-1.97ZBRA ahead
2026-10-0877.69101.78-1.97ZBRA ahead
2026-10-0776.93102.82-2.09ZBRA ahead
2026-10-0678.89102.75-1.98ZBRA ahead
2026-10-0578.24100.06-1.91ZBRA ahead
2026-10-0275.77100.11-2.10ZBRA ahead
2026-10-0174.95100.00-2.18ZBRA ahead
2026-09-3074.8199.43-2.18ZBRA ahead
2026-09-2976.18100.14-2.15ZBRA ahead
2026-09-2876.0899.05-2.12ZBRA ahead
2026-09-2575.7898.56-2.14ZBRA ahead
2026-09-2474.4897.24-2.18ZBRA ahead
2026-09-2375.9298.82-2.18ZBRA ahead
2026-09-2273.5696.31-2.24ZBRA ahead
2026-09-2172.0293.45-2.21ZBRA ahead
2026-09-1871.5492.32-2.20ZBRA ahead
2026-09-1772.3692.64-2.17ZBRA ahead
2026-09-1671.1690.87-2.17ZBRA ahead
2026-09-1571.6291.29-2.18ZBRA ahead
2026-09-1471.8493.70-2.34ZBRA ahead
2026-09-1172.6493.32-2.27ZBRA ahead
2026-09-1072.8091.63-2.18ZBRA ahead
2026-09-0973.2991.84-2.17ZBRA ahead
2026-09-0874.8193.90-2.20ZBRA ahead
2026-09-0476.0696.61-2.29ZBRA ahead
2026-09-0375.1095.22-2.30ZBRA ahead
2026-09-0274.7093.52-2.25ZBRA ahead
2026-09-0174.3491.54-2.16ZBRA ahead
2026-08-3176.7494.17-2.16ZBRA ahead
2026-08-2878.2794.94-2.10ZBRA ahead
2026-08-2778.6696.18-2.17ZBRA ahead
2026-08-2679.6595.84-2.08ZBRA ahead
2026-08-2578.2696.02-2.22ZBRA ahead
2026-08-2479.6796.76-2.17ZBRA ahead
2026-08-2180.1998.15-2.24ZBRA ahead
2026-08-2079.0196.02-2.21ZBRA ahead
2026-08-1980.8294.46-1.98ZBRA ahead
2026-08-1880.4597.59-2.23ZBRA ahead
2026-08-1781.9898.88-2.20ZBRA ahead
2026-08-1483.01100.15-2.22ZBRA ahead
2026-08-1383.94101.11-2.22ZBRA ahead
2026-08-1284.42100.78-2.17ZBRA ahead
2026-08-1184.68102.03-2.24ZBRA ahead
2026-08-1086.28100.70-2.04ZBRA ahead
2026-08-0786.62100.28-2.00ZBRA ahead
2026-08-0687.8997.01-1.69ZBRA ahead
2026-08-0589.6498.28-1.64ZBRA ahead
2026-08-0489.1098.24-1.67ZBRA ahead
2026-08-0387.4377.68-0.27near the usual relationship
2026-07-3183.0578.26-0.65ZBRA ahead
2026-07-3083.9876.86-0.45near the usual relationship
2026-07-2984.2775.37-0.30near the usual relationship
2026-07-2886.1675.75-0.19near the usual relationship
2026-07-2784.3270.47+0.14near the usual relationship
2026-07-2484.0669.23+0.24near the usual relationship
2026-07-2383.9768.44+0.31near the usual relationship
2026-07-2283.2169.98+0.11near the usual relationship
2026-07-2180.5869.89-0.08near the usual relationship
2026-07-2079.8670.50-0.18near the usual relationship
2026-07-1781.9171.22-0.08near the usual relationship
2026-07-1684.4470.59+0.16near the usual relationship
2026-07-1578.8267.96-0.02near the usual relationship
2026-07-1478.7069.28-0.15near the usual relationship
2026-07-1378.2571.04-0.34near the usual relationship
2026-07-1078.5472.58-0.45near the usual relationship
2026-07-0976.7472.62-0.59ZBRA ahead
2026-07-0876.4070.40-0.43near the usual relationship
2026-07-0778.4070.49-0.27near the usual relationship
2026-07-0680.3171.99-0.25near the usual relationship
2026-07-0280.2771.16-0.18near the usual relationship
2026-07-0180.5471.34-0.17near the usual relationship
2026-06-3081.6670.12+0.02near the usual relationship
2026-06-2980.6668.13+0.13near the usual relationship
2026-06-2681.0566.99+0.26near the usual relationship
2026-06-2581.3764.83+0.50IR ahead
2026-06-2478.0166.00+0.13near the usual relationship
2026-06-2376.3363.32+0.25near the usual relationship
2026-06-2277.5665.44+0.15near the usual relationship
2026-06-1877.6062.85+0.41near the usual relationship
2026-06-1776.7662.05+0.42near the usual relationship
2026-06-1678.2163.23+0.43near the usual relationship
2026-06-1576.4663.94+0.22near the usual relationship
2026-06-1273.7160.84+0.31near the usual relationship
2026-06-1172.9159.25+0.40near the usual relationship
2026-06-1070.2057.74+0.33near the usual relationship
2026-06-0973.6262.38+0.15near the usual relationship
2026-06-0872.1762.07+0.07near the usual relationship
2026-06-0571.9661.82+0.08near the usual relationship
2026-06-0471.7265.38-0.28near the usual relationship
2026-06-0369.7966.40-0.55ZBRA ahead
2026-06-0271.3367.77-0.54ZBRA ahead
2026-06-0170.6866.58-0.48near the usual relationship
2026-05-2971.3564.89-0.27near the usual relationship
2026-05-2870.7166.03-0.43near the usual relationship
2026-05-2770.6867.26-0.54ZBRA ahead
2026-05-2672.1467.24-0.42near the usual relationship
2026-05-2270.6368.06-0.62ZBRA ahead
2026-05-2170.0064.53-0.35near the usual relationship
2026-05-2070.0964.85-0.37near the usual relationship
2026-05-1968.2765.83-0.62ZBRA ahead
2026-05-1869.6969.27-0.81ZBRA ahead
2026-05-1570.0769.08-0.76ZBRA ahead
2026-05-1471.5368.74-0.60ZBRA ahead
2026-05-1371.1165.72-0.37near the usual relationship
2026-05-1272.9264.40-0.09near the usual relationship
2026-05-1174.4057.79+0.70IR ahead
2026-05-0875.4560.20+0.54IR ahead
2026-05-0777.1960.89+0.61IR ahead
2026-05-0678.3461.20+0.67IR ahead
2026-05-0575.5260.83+0.49near the usual relationship
2026-05-0475.2659.59+0.60IR ahead
2026-05-0177.6860.48+0.70IR ahead
2026-04-3079.5460.26+0.87IR ahead
2026-04-2977.1557.41+0.99IR ahead
2026-04-2880.8758.39+1.18IR ahead
2026-04-2783.6858.86+1.35IR ahead
2026-04-2483.4860.65+1.16IR ahead
2026-04-2384.6160.43+1.28IR ahead
2026-04-2283.3761.55+1.08IR ahead
2026-04-2184.4763.04+1.01IR ahead
2026-04-2085.6763.20+1.09IR ahead
2026-04-1785.4662.44+1.16IR ahead
2026-04-1683.3462.07+1.04IR ahead
2026-04-1583.0661.16+1.12IR ahead
2026-04-1487.9760.38+1.57IR ahead
2026-04-1387.3460.22+1.56IR ahead
2026-04-1085.0459.16+1.51IR ahead
2026-04-0986.6859.41+1.62IR ahead
2026-04-0884.3358.90+1.52IR ahead
2026-04-0779.2356.60+1.38IR ahead
2026-04-0678.3956.23+1.37IR ahead
2026-04-0277.6054.02+1.57IR ahead
2026-04-0179.6855.21+1.62IR ahead
2026-03-3179.8055.69+1.59IR ahead
2026-03-3076.6353.08+1.66IR ahead
2026-03-2779.1353.97+1.78IR ahead
2026-03-2681.0754.45+1.90IR ahead
2026-03-2583.3255.52+1.98IR ahead
2026-03-2482.8255.26+1.99IR ahead
2026-03-2381.9654.83+2.00IR ahead
2026-03-2081.0754.23+2.03IR ahead
2026-03-1981.8354.92+2.03IR ahead
2026-03-1881.7055.27+2.00IR ahead
2026-03-1783.7355.68+2.14IR ahead
2026-03-1683.4854.33+2.33IR ahead
2026-03-1381.8053.99+2.26IR ahead
2026-03-1280.8554.35+2.16IR ahead
2026-03-1184.8356.91+2.20IR ahead
2026-03-1086.0856.59+2.39IR ahead
2026-03-0986.3156.94+2.40IR ahead
2026-03-0686.0958.50+2.21IR ahead
2026-03-0590.1561.17+2.25IR ahead
2026-03-0491.4761.64+2.34IR ahead
2026-03-0391.1860.03+2.56IR ahead
2026-03-0293.6059.64+2.88IR ahead
2026-02-2793.7659.65+2.95IR ahead
2026-02-2694.1562.60+2.64IR ahead
2026-02-2592.6563.66+2.41IR ahead
2026-02-2494.2662.81+2.71IR ahead
2026-02-2393.5761.61+2.87IR ahead
2026-02-2095.2268.03+2.20IR ahead
2026-02-1995.8267.05+2.41IR ahead
2026-02-1896.8167.26+2.52IR ahead
2026-02-1798.3769.45+2.41IR ahead
2026-02-1398.1370.48+2.29IR ahead
2026-02-1293.8373.02+1.59IR ahead
2026-02-1196.3667.25+2.61IR ahead
2026-02-1097.4168.34+2.61IR ahead
2026-02-0998.0068.66+2.66IR ahead
2026-02-0698.1166.96+2.96IR ahead
2026-02-0595.6264.21+3.17IR ahead
2026-02-0497.0265.32+3.22IR ahead
2026-02-0393.3562.10+3.41IR ahead
2026-02-0288.5964.46+2.56IR ahead
2026-01-3085.7562.59+2.56IR ahead
2026-01-2988.5263.38+2.78IR ahead
2026-01-2884.9162.92+2.47IR ahead
2026-01-2785.9363.54+2.51IR ahead
2026-01-2686.4464.86+2.39IR ahead
2026-01-2386.8664.07+2.59IR ahead
2026-01-2287.2065.74+2.39IR ahead
2026-01-2189.4664.72+2.84IR ahead
2026-01-2084.8263.58+2.51IR ahead
2026-01-1687.8166.91+2.36IR ahead
2026-01-1586.9768.94+1.97IR ahead
2026-01-1485.6569.92+1.69IR ahead
2026-01-1385.4969.63+1.72IR ahead
2026-01-1285.7070.43+1.64IR ahead
2026-01-0985.1769.11+1.78IR ahead
2026-01-0884.0367.82+1.85IR ahead
2026-01-0781.0165.78+1.80IR ahead
2026-01-0683.1068.61+1.65IR ahead
2026-01-0581.8867.29+1.71IR ahead
2026-01-0279.4466.13+1.59IR ahead
2025-12-3178.9064.67+1.76IR ahead
2025-12-3080.3365.72+1.80IR ahead
2025-12-2980.5865.45+1.89IR ahead
2025-12-2680.9665.59+1.93IR ahead
2025-12-2481.2565.49+2.00IR ahead
2025-12-2381.1365.72+1.97IR ahead
2025-12-2280.8066.42+1.84IR ahead
2025-12-1978.9667.03+1.53IR ahead
2025-12-1878.5467.31+1.44IR ahead
2025-12-1777.8167.72+1.29IR ahead
2025-12-1679.2969.56+1.22IR ahead
2025-12-1581.3070.66+1.33IR ahead
2025-12-1281.4371.48+1.23IR ahead
2025-12-1183.1172.86+1.26IR ahead
2025-12-1080.6672.26+1.04IR ahead
2025-12-0978.0770.65+0.94IR ahead
2025-12-0878.9970.42+1.11IR ahead
2025-12-0579.5470.53+1.17IR ahead
2025-12-0479.6770.06+1.27IR ahead
2025-12-0379.4369.07+1.40IR ahead
2025-12-0278.8667.48+1.58IR ahead
2025-12-0178.8766.93+1.69IR ahead
2025-11-2880.0267.32+1.80IR ahead
2025-11-2679.5566.72+1.86IR ahead
2025-11-2579.1466.40+1.87IR ahead
2025-11-2477.4364.58+1.96IR ahead
2025-11-2178.2364.18+2.17IR ahead
2025-11-2074.2460.83+2.21IR ahead
2025-11-1973.4261.51+1.99IR ahead
2025-11-1873.2761.50+1.99IR ahead
2025-11-1773.3861.98+1.94IR ahead
2025-11-1475.1764.07+1.86IR ahead
2025-11-1375.9064.34+1.95IR ahead
2025-11-1277.4068.10+1.53IR ahead
2025-11-1177.0267.96+1.51IR ahead
2025-11-1076.9469.42+1.26IR ahead
2025-11-0777.1969.13+1.36IR ahead
2025-11-0677.3768.78+1.46IR ahead
2025-11-0578.0970.92+1.21IR ahead
2025-11-0476.9369.34+1.32IR ahead
2025-11-0375.7072.07+0.67IR ahead
2025-10-3176.0371.71+0.79IR ahead
2025-10-3078.4269.62+1.52IR ahead
2025-10-2979.3872.12+1.25IR ahead
2025-10-2878.5473.06+0.98IR ahead
2025-10-2779.9282.72-0.30near the usual relationship
2025-10-2479.4682.25-0.30near the usual relationship
2025-10-2380.0483.60-0.41near the usual relationship
2025-10-2277.8280.60-0.31near the usual relationship
2025-10-2179.2481.56-0.24near the usual relationship
2025-10-2078.1680.29-0.22near the usual relationship
2025-10-1776.9178.12-0.08near the usual relationship
2025-10-1675.5178.29-0.33near the usual relationship
2025-10-1576.3678.13-0.18near the usual relationship
2025-10-1476.9376.97+0.09near the usual relationship
2025-10-1375.8075.10+0.21near the usual relationship
2025-10-1075.8073.48+0.47near the usual relationship
2025-10-0978.1779.58-0.12near the usual relationship
2025-10-0880.6781.84-0.08near the usual relationship
2025-10-0781.0379.01+0.40near the usual relationship
2025-10-0683.0880.42+0.49near the usual relationship
2025-10-0383.6281.24+0.44near the usual relationship
2025-10-0283.8478.80+0.85IR ahead
2025-10-0183.1777.72+0.92IR ahead
2025-09-3082.2979.15+0.58IR ahead
2025-09-2982.2279.08+0.58IR ahead
2025-09-2681.9779.84+0.43near the usual relationship
2025-09-2580.1880.43+0.08near the usual relationship
2025-09-2480.5982.16-0.12near the usual relationship
2025-09-2381.0083.65-0.28near the usual relationship
2025-09-2281.4784.01-0.26near the usual relationship
2025-09-1981.2884.84-0.41near the usual relationship
2025-09-1881.2186.00-0.58ZBRA ahead
2025-09-1778.6984.52-0.76ZBRA ahead
2025-09-1677.3984.81-1.01ZBRA ahead
2025-09-1578.7485.47-0.90ZBRA ahead
2025-09-1278.4883.27-0.63ZBRA ahead
2025-09-1180.7084.17-0.42near the usual relationship
2025-09-1079.9281.55-0.16near the usual relationship
2025-09-0979.3483.15-0.48near the usual relationship
2025-09-0880.0683.58-0.44near the usual relationship
2025-09-0580.6383.58-0.35near the usual relationship
2025-09-0478.8882.90-0.52ZBRA ahead
2025-09-0377.0781.42-0.59ZBRA ahead
2025-09-0277.6381.79-0.55ZBRA ahead
2025-08-2979.1184.46-0.72ZBRA ahead
2025-08-2879.9485.76-0.78ZBRA ahead
2025-08-2780.3285.61-0.70ZBRA ahead
2025-08-2680.8185.39-0.60ZBRA ahead
2025-08-2579.3685.11-0.79ZBRA ahead
2025-08-2280.3185.97-0.77ZBRA ahead
2025-08-2177.1482.17-0.71ZBRA ahead
2025-08-2078.7381.17-0.31near the usual relationship
2025-08-1979.5283.12-0.48near the usual relationship
2025-08-1878.5884.56-0.84ZBRA ahead
2025-08-1578.0184.67-0.95ZBRA ahead
2025-08-1479.8887.28-1.04ZBRA ahead
2025-08-1380.4589.97-1.34ZBRA ahead
2025-08-1278.1287.40-1.36ZBRA ahead
2025-08-1176.1583.22-1.08ZBRA ahead
2025-08-0875.5984.61-1.38ZBRA ahead
2025-08-0775.9884.17-1.27ZBRA ahead
2025-08-0676.1882.12-0.93ZBRA ahead
2025-08-0577.3480.60-0.51ZBRA ahead
2025-08-0478.2990.92-1.89ZBRA ahead
2025-08-0174.6889.29-2.28ZBRA ahead
2025-07-3184.2990.30-0.90ZBRA ahead
2025-07-3085.4288.53-0.49near the usual relationship
2025-07-2986.7288.32-0.27near the usual relationship
2025-07-2887.4889.14-0.28near the usual relationship
2025-07-2587.9289.41-0.26near the usual relationship
2025-07-2486.5488.80-0.38near the usual relationship
2025-07-2386.4889.70-0.52ZBRA ahead
2025-07-2285.1087.39-0.40near the usual relationship
2025-07-2183.5687.46-0.64ZBRA ahead
2025-07-1885.2188.36-0.53ZBRA ahead
2025-07-1787.4087.87-0.16near the usual relationship
2025-07-1685.7985.09+0.00near the usual relationship
2025-07-1585.9685.11+0.02near the usual relationship
2025-07-1487.2985.98+0.08near the usual relationship
2025-07-1188.6787.13+0.10near the usual relationship
2025-07-1088.3487.99-0.07near the usual relationship
2025-07-0987.3585.71+0.11near the usual relationship
2025-07-0886.6686.05-0.04near the usual relationship
2025-07-0786.4984.46+0.16near the usual relationship
2025-07-0386.6386.22-0.07near the usual relationship
2025-07-0286.2185.33-0.01near the usual relationship
2025-07-0184.9684.03+0.00near the usual relationship
2025-06-3082.8582.13-0.04near the usual relationship
2025-06-2783.9382.37+0.08near the usual relationship
2025-06-2684.6082.12+0.21near the usual relationship
2025-06-2582.9580.72+0.17near the usual relationship
2025-06-2483.3679.62+0.38near the usual relationship
2025-06-2381.6078.91+0.23near the usual relationship
2025-06-2080.0778.32+0.09near the usual relationship
2025-06-1880.4777.70+0.23near the usual relationship
2025-06-1780.3277.07+0.30near the usual relationship
2025-06-1681.2878.06+0.29near the usual relationship
2025-06-1380.1875.54+0.50IR ahead
2025-06-1282.1977.95+0.42near the usual relationship
2025-06-1182.8777.99+0.51IR ahead
2025-06-1084.3679.79+0.45near the usual relationship
2025-06-0983.1379.54+0.31near the usual relationship
2025-06-0682.7978.67+0.39near the usual relationship
2025-06-0581.5477.57+0.38near the usual relationship
2025-06-0481.5577.51+0.38near the usual relationship
2025-06-0381.6277.77+0.35near the usual relationship
2025-06-0280.7476.16+0.47near the usual relationship
2025-05-3081.3177.18+0.40near the usual relationship
2025-05-2981.8277.91+0.36near the usual relationship
2025-05-2881.5177.45+0.38near the usual relationship
2025-05-2782.2678.58+0.32near the usual relationship
2025-05-2380.0675.70+0.43near the usual relationship
2025-05-2280.8876.80+0.38near the usual relationship
2025-05-2180.8776.69+0.39near the usual relationship
2025-05-2082.5979.10+0.28near the usual relationship
2025-05-1983.2279.32+0.33near the usual relationship
2025-05-1683.6880.07+0.29near the usual relationship
2025-05-1582.6779.46+0.23near the usual relationship
2025-05-1482.9179.71+0.23near the usual relationship
2025-05-1384.1680.54+0.28near the usual relationship
2025-05-1283.8879.93+0.33near the usual relationship
2025-05-0979.0071.04+0.98IR ahead
2025-05-0878.9170.68+1.03IR ahead
2025-05-0777.5568.53+1.19IR ahead
2025-05-0675.6266.81+1.19IR ahead
2025-05-0576.6466.77+1.35IR ahead
2025-05-0276.4268.17+1.09IR ahead
2025-05-0175.9166.49+1.29IR ahead
2025-04-3075.1366.67+1.14IR ahead
2025-04-2974.5668.20+0.79IR ahead
2025-04-2874.5064.85+1.33IR ahead
2025-04-2574.6865.59+1.23IR ahead
2025-04-2475.4465.01+1.43IR ahead
2025-04-2373.0862.45+1.51IR ahead
2025-04-2271.9660.51+1.68IR ahead
2025-04-2169.4459.14+1.54IR ahead
2025-04-1771.7560.39+1.67IR ahead
2025-04-1671.0859.86+1.65IR ahead
2025-04-1572.5460.76+1.72IR ahead
2025-04-1473.0861.73+1.63IR ahead
2025-04-1172.7160.05+1.88IR ahead
2025-04-1070.6659.49+1.67IR ahead
2025-04-0973.0364.93+1.07IR ahead
2025-04-0866.4856.88+1.49IR ahead
2025-04-0767.6759.53+1.18IR ahead
2025-04-0469.4259.53+1.45IR ahead
2025-04-0373.2363.52+1.32IR ahead
2025-04-0281.3776.59+0.43near the usual relationship
2025-04-0180.2975.39+0.45near the usual relationship
2025-03-3179.7175.26+0.39near the usual relationship
2025-03-2879.1274.79+0.37near the usual relationship
2025-03-2780.9875.95+0.44near the usual relationship
2025-03-2681.0676.71+0.34near the usual relationship
2025-03-2582.0477.51+0.35near the usual relationship
2025-03-2481.9079.21+0.10near the usual relationship
2025-03-2180.6477.24+0.19near the usual relationship
2025-03-2081.3475.91+0.45near the usual relationship
2025-03-1981.8076.13+0.48near the usual relationship
2025-03-1881.2875.26+0.52IR ahead
2025-03-1782.6475.98+0.59IR ahead
2025-03-1481.5474.30+0.67IR ahead
2025-03-1379.6872.37+0.70IR ahead
2025-03-1281.1774.36+0.61IR ahead
2025-03-1182.5674.67+0.73IR ahead
2025-03-1083.1975.47+0.70IR ahead
2025-03-0784.8977.96+0.57IR ahead
2025-03-0684.4178.46+0.44near the usual relationship
2025-03-0584.0980.97+0.09near the usual relationship
2025-03-0481.1379.35-0.07near the usual relationship
2025-03-0382.2781.73-0.23near the usual relationship
2025-02-2884.4483.91-0.24near the usual relationship
2025-02-2782.7682.83-0.32near the usual relationship
2025-02-2683.0385.09-0.55ZBRA ahead
2025-02-2583.0682.66-0.28near the usual relationship
2025-02-2482.6082.45-0.31near the usual relationship
2025-02-2183.3682.85-0.28near the usual relationship
2025-02-2086.4285.49-0.24near the usual relationship
2025-02-1985.3586.50-0.47near the usual relationship
2025-02-1886.4088.18-0.54ZBRA ahead
2025-02-1485.3884.79-0.30near the usual relationship
2025-02-1392.1886.14+0.27near the usual relationship
2025-02-1290.9994.00-0.67ZBRA ahead
2025-02-1191.8094.39-0.63ZBRA ahead
2025-02-1091.8195.47-0.74ZBRA ahead
2025-02-0790.5996.80-1.00ZBRA ahead
2025-02-0692.00100.36-1.19ZBRA ahead
2025-02-0592.09103.35-1.46ZBRA ahead
2025-02-0492.29102.13-1.34ZBRA ahead
2025-02-0392.14102.83-1.43ZBRA ahead
2025-01-3193.43104.39-1.45ZBRA ahead
2025-01-3093.64105.13-1.51ZBRA ahead
2025-01-2990.84106.43-1.91ZBRA ahead
2025-01-2890.58108.03-2.10ZBRA ahead
2025-01-2791.56106.37-1.88ZBRA ahead
2025-01-2492.74110.43-2.13ZBRA ahead
2025-01-2393.69112.16-2.21ZBRA ahead
2025-01-2293.85112.02-2.22ZBRA ahead
2025-01-2193.71111.35-2.20ZBRA ahead
2025-01-1791.51108.06-2.17ZBRA ahead
2025-01-1690.39107.26-2.25ZBRA ahead
2025-01-1590.17106.61-2.24ZBRA ahead
2025-01-1489.04105.05-2.25ZBRA ahead
2025-01-1387.83101.66-2.10ZBRA ahead
2025-01-1086.67102.69-2.36ZBRA ahead
2025-01-0888.87105.74-2.44ZBRA ahead
2025-01-0788.80105.50-2.47ZBRA ahead
2025-01-0690.91105.29-2.24ZBRA ahead
2025-01-0392.12104.37-2.04ZBRA ahead
2025-01-0290.16102.21-2.07ZBRA ahead
2024-12-3190.10102.87-2.17ZBRA ahead
2024-12-3090.16102.24-2.13ZBRA ahead
2024-12-2791.21103.63-2.17ZBRA ahead
2024-12-2691.91105.70-2.34ZBRA ahead
2024-12-2491.98105.32-2.32ZBRA ahead
2024-12-2391.42104.05-2.29ZBRA ahead
2024-12-2091.91104.69-2.33ZBRA ahead
2024-12-1990.90102.64-2.26ZBRA ahead
2024-12-1892.50102.14-2.03ZBRA ahead
2024-12-1797.16105.21-1.83ZBRA ahead
2024-12-1699.45108.38-1.92ZBRA ahead
2024-12-13100.70107.50-1.70ZBRA ahead
2024-12-12101.02108.57-1.79ZBRA ahead
2024-12-11101.27107.65-1.68ZBRA ahead
2024-12-10101.43107.01-1.61ZBRA ahead
2024-12-09102.13109.53-1.82ZBRA ahead
2024-12-06101.87109.02-1.82ZBRA ahead
2024-12-05102.55107.87-1.63ZBRA ahead
2024-12-04103.54109.72-1.74ZBRA ahead
2024-12-03103.82108.24-1.55ZBRA ahead
2024-12-02104.70109.21-1.57ZBRA ahead
2024-11-29103.75108.40-1.61ZBRA ahead
2024-11-27103.64108.07-1.60ZBRA ahead
2024-11-26104.32107.19-1.43ZBRA ahead
2024-11-25104.93106.79-1.33ZBRA ahead
2024-11-22103.59105.79-1.38ZBRA ahead
2024-11-21102.63104.49-1.36ZBRA ahead
2024-11-20102.70102.42-1.11ZBRA ahead
2024-11-19101.97101.85-1.14ZBRA ahead
2024-11-18101.25102.35-1.30ZBRA ahead
2024-11-15102.02102.79-1.26ZBRA ahead
2024-11-14102.58105.12-1.49ZBRA ahead
2024-11-13103.93106.60-1.51ZBRA ahead
2024-11-12103.81107.26-1.61ZBRA ahead
2024-11-11104.38107.38-1.57ZBRA ahead
2024-11-08102.20106.36-1.73ZBRA ahead
2024-11-07103.12105.79-1.57ZBRA ahead
2024-11-06102.57104.95-1.55ZBRA ahead
2024-11-0597.31101.13-1.76ZBRA ahead
2024-11-0494.23100.42-2.11ZBRA ahead
2024-11-0193.60102.45-2.49ZBRA ahead
2024-10-3195.62101.74-2.15ZBRA ahead
2024-10-3096.89102.25-2.07ZBRA ahead
2024-10-2996.87102.46-2.12ZBRA ahead
2024-10-2896.7296.84-1.41ZBRA ahead
2024-10-2595.7495.91-1.43ZBRA ahead
2024-10-2495.5596.43-1.54ZBRA ahead
2024-10-2396.0198.04-1.71ZBRA ahead
2024-10-2298.0799.08-1.58ZBRA ahead
2024-10-2199.6399.24-1.40ZBRA ahead
2024-10-18100.00100.00-1.46ZBRA ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Aug 1, 2025 (IR -11.4%, ZBRA -1.1%); Aug 5, 2025 (IR -1.2%, ZBRA -11.3%); Oct 28, 2025 (IR -1.7%, ZBRA -11.7%); Feb 12, 2026 (IR -2.6%, ZBRA +8.6%); May 12, 2026 (IR -2.0%, ZBRA +11.4%); Aug 4, 2026 (IR +1.9%, ZBRA +26.5%). Upcoming earnings: IR Oct 29, 2026 (after-hours); ZBRA Nov 3, 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

IR and ZBRA at a glance

IR Ingersoll Rand Inc.

Listing
NYSE · SEC CIK 1699150
Industry
Industrial Machinery/Components · SIC 3560 General Industrial Machinery & Equipment
Market value
$30.2B
Price history
2,374 daily closes, May 12, 2017 to Oct 22, 2026

ZBRA Zebra Technologies Corporation

Listing
Nasdaq · SEC CIK 877212
Industry
Industrial Machinery/Components · SIC 3560 General Industrial Machinery & Equipment
Market value
$17.8B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

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

Related
All pairs →
PairStatusAhead nowIndustry
ITW / IRWatchlistITW by 2.29 sdSIC 3560 General Industrial Machinery & Equipment
ITW / ZBRAWatchlistZBRA by 1.73 sdSIC 3560 General Industrial Machinery & Equipment

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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.