JD.com Inc. vs Ulta Beauty Inc.
Why these are rivals: #1 and #2 by market value ($36B vs $25B) in Nasdaq's "Other Specialty Stores" industry; SEC SIC 5990 / 5990 (same major group); #1 and #2 by market value ($36B vs $25B) with SEC SIC 5990 (Retail-Retail Stores, NEC).
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: 0.10 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -1.47 (needs <= -2.873 (5% critical value))
JD is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | JD | ULTA | Larger |
|---|---|---|---|
| 2025 | $187.2B | $12.4B | JD |
| 2024 | $158.8B | $11.3B | JD |
| 2023 | $152.8B | $11.2B | JD |
| 2022 | $151.7B | $10.2B | JD |
| 2021 | $149.3B | $8.6B | JD |
| 2020 | $114.3B | $6.2B | JD |
JD led in every year with figures for both. Market value: JD $36.0B, ULTA $25.3B.
ULTA is ahead now
Measured against the pair's own last 252 trading days.
ULTA leads JD by 1.85 standard deviations: +30.5% over its usual price ratio. 2 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| JD | -14.9% | -14.3% | -21.8% |
| ULTA | +33.6% | +12.5% | +20.7% |
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: 0.10 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -1.47 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 41.27 (needs <= 63)
- Data
- Both stocks current
Prices side by side, and the gap between them
Data table (504 sessions)
| Date | JD index | ULTA index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 64.23 | 172.13 | -1.85 | ULTA ahead |
| 2026-10-21 | 64.51 | 164.53 | -1.52 | ULTA ahead |
| 2026-10-20 | 66.93 | 163.42 | -1.22 | ULTA ahead |
| 2026-10-19 | 66.98 | 160.37 | -1.09 | ULTA ahead |
| 2026-10-16 | 67.56 | 160.72 | -1.06 | ULTA ahead |
| 2026-10-15 | 68.51 | 165.14 | -1.16 | ULTA ahead |
| 2026-10-14 | 66.73 | 160.58 | -1.16 | ULTA ahead |
| 2026-10-13 | 66.98 | 156.94 | -0.98 | ULTA ahead |
| 2026-10-12 | 66.83 | 153.82 | -0.86 | ULTA ahead |
| 2026-10-09 | 67.76 | 154.61 | -0.81 | ULTA ahead |
| 2026-10-08 | 67.31 | 152.94 | -0.79 | ULTA ahead |
| 2026-10-07 | 67.61 | 147.86 | -0.53 | ULTA ahead |
| 2026-10-06 | 66.28 | 148.35 | -0.69 | ULTA ahead |
| 2026-10-05 | 65.93 | 147.11 | -0.68 | ULTA ahead |
| 2026-10-02 | 64.48 | 147.37 | -0.85 | ULTA ahead |
| 2026-10-01 | 65.96 | 145.76 | -0.62 | ULTA ahead |
| 2026-09-30 | 66.53 | 148.05 | -0.68 | ULTA ahead |
| 2026-09-29 | 65.78 | 148.51 | -0.78 | ULTA ahead |
| 2026-09-28 | 66.56 | 148.85 | -0.72 | ULTA ahead |
| 2026-09-25 | 66.31 | 147.78 | -0.71 | ULTA ahead |
| 2026-09-24 | 66.91 | 148.75 | -0.70 | ULTA ahead |
| 2026-09-23 | 67.93 | 147.41 | -0.54 | ULTA ahead |
| 2026-09-22 | 68.48 | 150.13 | -0.61 | ULTA ahead |
| 2026-09-21 | 68.23 | 151.21 | -0.69 | ULTA ahead |
| 2026-09-18 | 67.33 | 146.64 | -0.58 | ULTA ahead |
| 2026-09-17 | 66.63 | 147.38 | -0.69 | ULTA ahead |
| 2026-09-16 | 67.28 | 143.80 | -0.47 | near the usual relationship |
| 2026-09-15 | 67.76 | 147.54 | -0.60 | ULTA ahead |
| 2026-09-14 | 68.18 | 148.72 | -0.61 | ULTA ahead |
| 2026-09-11 | 67.68 | 148.21 | -0.65 | ULTA ahead |
| 2026-09-10 | 67.58 | 145.19 | -0.52 | ULTA ahead |
| 2026-09-09 | 67.53 | 146.88 | -0.61 | ULTA ahead |
| 2026-09-08 | 69.23 | 148.88 | -0.54 | ULTA ahead |
| 2026-09-04 | 70.69 | 152.91 | -0.59 | ULTA ahead |
| 2026-09-03 | 69.38 | 151.01 | -0.63 | ULTA ahead |
| 2026-09-02 | 69.61 | 149.56 | -0.55 | ULTA ahead |
| 2026-09-01 | 69.78 | 147.91 | -0.46 | near the usual relationship |
| 2026-08-31 | 70.64 | 145.59 | -0.28 | near the usual relationship |
| 2026-08-28 | 71.89 | 140.27 | +0.08 | near the usual relationship |
| 2026-08-27 | 71.26 | 146.40 | -0.26 | near the usual relationship |
| 2026-08-26 | 71.96 | 147.24 | -0.24 | near the usual relationship |
| 2026-08-25 | 73.44 | 145.62 | -0.04 | near the usual relationship |
| 2026-08-24 | 73.04 | 146.04 | -0.09 | near the usual relationship |
| 2026-08-21 | 73.46 | 141.35 | +0.16 | near the usual relationship |
| 2026-08-20 | 73.56 | 139.63 | +0.25 | near the usual relationship |
| 2026-08-19 | 73.41 | 143.08 | +0.07 | near the usual relationship |
| 2026-08-18 | 72.09 | 140.07 | +0.09 | near the usual relationship |
| 2026-08-17 | 71.29 | 133.72 | +0.32 | near the usual relationship |
| 2026-08-14 | 72.69 | 138.44 | +0.22 | near the usual relationship |
| 2026-08-13 | 73.29 | 139.75 | +0.21 | near the usual relationship |
| 2026-08-12 | 79.06 | 144.17 | +0.50 | JD ahead |
| 2026-08-11 | 79.84 | 146.74 | +0.44 | near the usual relationship |
| 2026-08-10 | 83.72 | 148.72 | +0.67 | JD ahead |
| 2026-08-07 | 82.47 | 153.19 | +0.37 | near the usual relationship |
| 2026-08-06 | 82.07 | 146.05 | +0.65 | JD ahead |
| 2026-08-05 | 81.39 | 146.23 | +0.59 | JD ahead |
| 2026-08-04 | 82.47 | 147.42 | +0.62 | JD ahead |
| 2026-08-03 | 82.59 | 144.86 | +0.75 | JD ahead |
| 2026-07-31 | 82.57 | 139.01 | +1.02 | JD ahead |
| 2026-07-30 | 80.82 | 140.07 | +0.83 | JD ahead |
| 2026-07-29 | 80.54 | 137.72 | +0.91 | JD ahead |
| 2026-07-28 | 79.51 | 135.94 | +0.91 | JD ahead |
| 2026-07-27 | 77.41 | 130.25 | +1.02 | JD ahead |
| 2026-07-24 | 75.51 | 128.85 | +0.92 | JD ahead |
| 2026-07-23 | 75.26 | 129.56 | +0.86 | JD ahead |
| 2026-07-22 | 75.41 | 131.06 | +0.80 | JD ahead |
| 2026-07-21 | 76.11 | 132.68 | +0.77 | JD ahead |
| 2026-07-20 | 76.54 | 132.30 | +0.82 | JD ahead |
| 2026-07-17 | 74.09 | 129.99 | +0.73 | JD ahead |
| 2026-07-16 | 74.24 | 129.80 | +0.74 | JD ahead |
| 2026-07-15 | 73.24 | 126.35 | +0.83 | JD ahead |
| 2026-07-14 | 72.14 | 127.16 | +0.69 | JD ahead |
| 2026-07-13 | 72.24 | 128.30 | +0.64 | JD ahead |
| 2026-07-10 | 70.54 | 127.18 | +0.54 | JD ahead |
| 2026-07-09 | 69.38 | 124.75 | +0.55 | JD ahead |
| 2026-07-08 | 69.11 | 123.36 | +0.59 | JD ahead |
| 2026-07-07 | 66.26 | 123.00 | +0.34 | near the usual relationship |
| 2026-07-06 | 66.98 | 122.65 | +0.42 | near the usual relationship |
| 2026-07-02 | 66.58 | 125.05 | +0.25 | near the usual relationship |
| 2026-07-01 | 65.81 | 123.27 | +0.26 | near the usual relationship |
| 2026-06-30 | 63.73 | 122.24 | +0.11 | near the usual relationship |
| 2026-06-29 | 63.16 | 124.45 | -0.07 | near the usual relationship |
| 2026-06-26 | 63.51 | 132.40 | -0.42 | near the usual relationship |
| 2026-06-25 | 63.01 | 131.61 | -0.44 | near the usual relationship |
| 2026-06-24 | 63.73 | 129.82 | -0.29 | near the usual relationship |
| 2026-06-23 | 65.33 | 124.51 | +0.11 | near the usual relationship |
| 2026-06-22 | 67.58 | 126.06 | +0.24 | near the usual relationship |
| 2026-06-18 | 68.96 | 123.64 | +0.48 | near the usual relationship |
| 2026-06-17 | 69.81 | 122.18 | +0.62 | JD ahead |
| 2026-06-16 | 70.99 | 125.69 | +0.54 | JD ahead |
| 2026-06-15 | 71.74 | 127.85 | +0.50 | JD ahead |
| 2026-06-12 | 71.44 | 126.79 | +0.52 | JD ahead |
| 2026-06-11 | 70.19 | 129.14 | +0.29 | near the usual relationship |
| 2026-06-10 | 71.16 | 127.60 | +0.44 | near the usual relationship |
| 2026-06-09 | 71.86 | 129.54 | +0.40 | near the usual relationship |
| 2026-06-08 | 71.51 | 125.45 | +0.56 | JD ahead |
| 2026-06-05 | 72.24 | 126.60 | +0.56 | JD ahead |
| 2026-06-04 | 73.01 | 125.37 | +0.68 | JD ahead |
| 2026-06-03 | 73.56 | 127.73 | +0.61 | JD ahead |
| 2026-06-02 | 75.41 | 134.14 | +0.46 | near the usual relationship |
| 2026-06-01 | 72.76 | 135.74 | +0.18 | near the usual relationship |
| 2026-05-29 | 72.11 | 137.93 | +0.02 | near the usual relationship |
| 2026-05-28 | 72.89 | 140.99 | -0.05 | near the usual relationship |
| 2026-05-27 | 74.64 | 137.52 | +0.22 | near the usual relationship |
| 2026-05-26 | 75.01 | 139.88 | +0.14 | near the usual relationship |
| 2026-05-22 | 76.34 | 139.61 | +0.24 | near the usual relationship |
| 2026-05-21 | 78.71 | 136.63 | +0.53 | JD ahead |
| 2026-05-20 | 81.19 | 133.67 | +0.81 | JD ahead |
| 2026-05-19 | 80.99 | 130.53 | +0.92 | JD ahead |
| 2026-05-18 | 79.04 | 130.07 | +0.79 | JD ahead |
| 2026-05-15 | 80.07 | 133.98 | +0.69 | JD ahead |
| 2026-05-14 | 82.19 | 135.06 | +0.77 | JD ahead |
| 2026-05-13 | 84.47 | 133.40 | +0.97 | JD ahead |
| 2026-05-12 | 78.76 | 136.94 | +0.45 | near the usual relationship |
| 2026-05-11 | 76.36 | 138.78 | +0.21 | near the usual relationship |
| 2026-05-08 | 75.36 | 141.38 | +0.04 | near the usual relationship |
| 2026-05-07 | 75.56 | 142.72 | -0.01 | near the usual relationship |
| 2026-05-06 | 76.76 | 145.04 | -0.02 | near the usual relationship |
| 2026-05-05 | 74.24 | 144.35 | -0.17 | near the usual relationship |
| 2026-05-04 | 75.14 | 140.41 | +0.02 | near the usual relationship |
| 2026-05-01 | 74.94 | 144.19 | -0.13 | near the usual relationship |
| 2026-04-30 | 75.84 | 145.69 | -0.13 | near the usual relationship |
| 2026-04-29 | 74.29 | 143.72 | -0.17 | near the usual relationship |
| 2026-04-28 | 74.36 | 145.87 | -0.25 | near the usual relationship |
| 2026-04-27 | 74.41 | 146.28 | -0.26 | near the usual relationship |
| 2026-04-24 | 75.71 | 151.40 | -0.35 | near the usual relationship |
| 2026-04-23 | 74.99 | 153.00 | -0.45 | near the usual relationship |
| 2026-04-22 | 76.56 | 152.85 | -0.36 | near the usual relationship |
| 2026-04-21 | 76.34 | 154.55 | -0.43 | near the usual relationship |
| 2026-04-20 | 78.46 | 155.11 | -0.33 | near the usual relationship |
| 2026-04-17 | 79.04 | 149.99 | -0.15 | near the usual relationship |
| 2026-04-16 | 78.36 | 146.22 | -0.08 | near the usual relationship |
| 2026-04-15 | 78.71 | 146.14 | -0.07 | near the usual relationship |
| 2026-04-14 | 78.16 | 144.50 | -0.06 | near the usual relationship |
| 2026-04-13 | 72.39 | 142.78 | -0.35 | near the usual relationship |
| 2026-04-10 | 72.36 | 141.05 | -0.30 | near the usual relationship |
| 2026-04-09 | 70.89 | 144.42 | -0.50 | ULTA ahead |
| 2026-04-08 | 72.66 | 144.43 | -0.40 | near the usual relationship |
| 2026-04-07 | 71.19 | 144.27 | -0.49 | near the usual relationship |
| 2026-04-06 | 71.31 | 147.09 | -0.57 | ULTA ahead |
| 2026-04-02 | 71.19 | 145.67 | -0.54 | ULTA ahead |
| 2026-04-01 | 72.21 | 145.45 | -0.48 | near the usual relationship |
| 2026-03-31 | 73.96 | 141.69 | -0.29 | near the usual relationship |
| 2026-03-30 | 72.39 | 138.27 | -0.28 | near the usual relationship |
| 2026-03-27 | 71.79 | 138.33 | -0.33 | near the usual relationship |
| 2026-03-26 | 72.99 | 141.40 | -0.35 | near the usual relationship |
| 2026-03-25 | 74.41 | 142.62 | -0.32 | near the usual relationship |
| 2026-03-24 | 68.71 | 139.66 | -0.55 | ULTA ahead |
| 2026-03-23 | 68.88 | 139.90 | -0.55 | ULTA ahead |
| 2026-03-20 | 68.21 | 143.65 | -0.69 | ULTA ahead |
| 2026-03-19 | 70.09 | 144.77 | -0.62 | ULTA ahead |
| 2026-03-18 | 70.54 | 141.13 | -0.51 | ULTA ahead |
| 2026-03-17 | 71.39 | 141.78 | -0.49 | near the usual relationship |
| 2026-03-16 | 71.26 | 140.07 | -0.46 | near the usual relationship |
| 2026-03-13 | 70.84 | 145.21 | -0.61 | ULTA ahead |
| 2026-03-12 | 69.88 | 169.33 | -1.19 | ULTA ahead |
| 2026-03-11 | 70.31 | 176.91 | -1.33 | ULTA ahead |
| 2026-03-10 | 69.36 | 175.44 | -1.36 | ULTA ahead |
| 2026-03-09 | 68.71 | 174.08 | -1.37 | ULTA ahead |
| 2026-03-06 | 67.61 | 175.20 | -1.45 | ULTA ahead |
| 2026-03-05 | 63.71 | 177.18 | -1.70 | ULTA ahead |
| 2026-03-04 | 63.53 | 179.26 | -1.76 | ULTA ahead |
| 2026-03-03 | 64.13 | 181.33 | -1.78 | ULTA ahead |
| 2026-03-02 | 65.91 | 183.51 | -1.74 | ULTA ahead |
| 2026-02-27 | 66.36 | 185.62 | -1.77 | ULTA ahead |
| 2026-02-26 | 67.48 | 188.56 | -1.78 | ULTA ahead |
| 2026-02-25 | 68.88 | 185.48 | -1.67 | ULTA ahead |
| 2026-02-24 | 68.83 | 186.07 | -1.69 | ULTA ahead |
| 2026-02-23 | 68.11 | 181.58 | -1.66 | ULTA ahead |
| 2026-02-20 | 68.56 | 185.11 | -1.72 | ULTA ahead |
| 2026-02-19 | 68.21 | 187.79 | -1.80 | ULTA ahead |
| 2026-02-18 | 68.56 | 186.88 | -1.78 | ULTA ahead |
| 2026-02-17 | 68.36 | 191.59 | -1.89 | ULTA ahead |
| 2026-02-13 | 67.88 | 185.24 | -1.82 | ULTA ahead |
| 2026-02-12 | 68.83 | 180.85 | -1.70 | ULTA ahead |
| 2026-02-11 | 70.71 | 185.15 | -1.71 | ULTA ahead |
| 2026-02-10 | 70.91 | 184.13 | -1.69 | ULTA ahead |
| 2026-02-09 | 70.06 | 188.73 | -1.84 | ULTA ahead |
| 2026-02-06 | 70.21 | 187.13 | -1.82 | ULTA ahead |
| 2026-02-05 | 68.33 | 183.76 | -1.87 | ULTA ahead |
| 2026-02-04 | 68.91 | 183.95 | -1.86 | ULTA ahead |
| 2026-02-03 | 70.14 | 182.53 | -1.79 | ULTA ahead |
| 2026-02-02 | 71.36 | 180.41 | -1.71 | ULTA ahead |
| 2026-01-30 | 71.24 | 175.47 | -1.64 | ULTA ahead |
| 2026-01-29 | 72.71 | 171.07 | -1.49 | ULTA ahead |
| 2026-01-28 | 73.11 | 172.99 | -1.53 | ULTA ahead |
| 2026-01-27 | 73.79 | 176.54 | -1.58 | ULTA ahead |
| 2026-01-26 | 74.49 | 179.26 | -1.62 | ULTA ahead |
| 2026-01-23 | 74.64 | 185.98 | -1.75 | ULTA ahead |
| 2026-01-22 | 75.04 | 184.77 | -1.73 | ULTA ahead |
| 2026-01-21 | 72.71 | 185.26 | -1.87 | ULTA ahead |
| 2026-01-20 | 70.99 | 183.13 | -1.94 | ULTA ahead |
| 2026-01-16 | 72.29 | 179.84 | -1.83 | ULTA ahead |
| 2026-01-15 | 73.56 | 180.29 | -1.80 | ULTA ahead |
| 2026-01-14 | 74.61 | 179.94 | -1.76 | ULTA ahead |
| 2026-01-13 | 74.74 | 180.22 | -1.78 | ULTA ahead |
| 2026-01-12 | 76.86 | 179.30 | -1.67 | ULTA ahead |
| 2026-01-09 | 73.66 | 180.58 | -1.87 | ULTA ahead |
| 2026-01-08 | 74.21 | 178.21 | -1.82 | ULTA ahead |
| 2026-01-07 | 72.61 | 177.64 | -1.91 | ULTA ahead |
| 2026-01-06 | 74.04 | 176.21 | -1.83 | ULTA ahead |
| 2026-01-05 | 74.16 | 171.08 | -1.73 | ULTA ahead |
| 2026-01-02 | 73.86 | 168.07 | -1.69 | ULTA ahead |
| 2025-12-31 | 71.79 | 163.99 | -1.73 | ULTA ahead |
| 2025-12-30 | 71.81 | 164.50 | -1.75 | ULTA ahead |
| 2025-12-29 | 73.21 | 163.89 | -1.68 | ULTA ahead |
| 2025-12-26 | 73.54 | 164.68 | -1.70 | ULTA ahead |
| 2025-12-24 | 72.96 | 164.95 | -1.76 | ULTA ahead |
| 2025-12-23 | 72.74 | 163.75 | -1.76 | ULTA ahead |
| 2025-12-22 | 72.76 | 166.15 | -1.84 | ULTA ahead |
| 2025-12-19 | 72.09 | 162.06 | -1.79 | ULTA ahead |
| 2025-12-18 | 72.04 | 161.01 | -1.79 | ULTA ahead |
| 2025-12-17 | 71.54 | 158.84 | -1.78 | ULTA ahead |
| 2025-12-16 | 72.16 | 159.73 | -1.79 | ULTA ahead |
| 2025-12-15 | 72.16 | 160.25 | -1.82 | ULTA ahead |
| 2025-12-12 | 73.64 | 163.07 | -1.83 | ULTA ahead |
| 2025-12-11 | 73.89 | 160.85 | -1.78 | ULTA ahead |
| 2025-12-10 | 74.06 | 162.81 | -1.84 | ULTA ahead |
| 2025-12-09 | 74.29 | 163.44 | -1.87 | ULTA ahead |
| 2025-12-08 | 74.84 | 159.74 | -1.76 | ULTA ahead |
| 2025-12-05 | 74.79 | 163.04 | -1.87 | ULTA ahead |
| 2025-12-04 | 74.39 | 144.73 | -1.40 | ULTA ahead |
| 2025-12-03 | 74.71 | 147.60 | -1.48 | ULTA ahead |
| 2025-12-02 | 75.16 | 148.56 | -1.50 | ULTA ahead |
| 2025-12-01 | 74.76 | 148.44 | -1.53 | ULTA ahead |
| 2025-11-28 | 74.61 | 146.06 | -1.48 | ULTA ahead |
| 2025-11-26 | 73.59 | 145.06 | -1.53 | ULTA ahead |
| 2025-11-25 | 72.89 | 141.23 | -1.47 | ULTA ahead |
| 2025-11-24 | 72.69 | 139.49 | -1.44 | ULTA ahead |
| 2025-11-21 | 72.36 | 139.75 | -1.48 | ULTA ahead |
| 2025-11-20 | 71.01 | 134.57 | -1.41 | ULTA ahead |
| 2025-11-19 | 72.22 | 134.83 | -1.36 | ULTA ahead |
| 2025-11-18 | 73.66 | 137.53 | -1.37 | ULTA ahead |
| 2025-11-17 | 73.89 | 138.12 | -1.39 | ULTA ahead |
| 2025-11-14 | 73.31 | 143.48 | -1.60 | ULTA ahead |
| 2025-11-13 | 76.81 | 144.71 | -1.45 | ULTA ahead |
| 2025-11-12 | 78.16 | 145.13 | -1.40 | ULTA ahead |
| 2025-11-11 | 79.06 | 141.72 | -1.25 | ULTA ahead |
| 2025-11-10 | 78.56 | 140.02 | -1.24 | ULTA ahead |
| 2025-11-07 | 79.51 | 140.35 | -1.21 | ULTA ahead |
| 2025-11-06 | 79.91 | 138.20 | -1.13 | ULTA ahead |
| 2025-11-05 | 80.14 | 141.45 | -1.23 | ULTA ahead |
| 2025-11-04 | 79.59 | 140.05 | -1.22 | ULTA ahead |
| 2025-11-03 | 81.99 | 140.26 | -1.11 | ULTA ahead |
| 2025-10-31 | 82.64 | 140.92 | -1.10 | ULTA ahead |
| 2025-10-30 | 83.47 | 138.15 | -0.98 | ULTA ahead |
| 2025-10-29 | 85.94 | 137.18 | -0.83 | ULTA ahead |
| 2025-10-28 | 86.37 | 140.62 | -0.92 | ULTA ahead |
| 2025-10-27 | 85.54 | 141.72 | -1.01 | ULTA ahead |
| 2025-10-24 | 83.02 | 140.32 | -1.10 | ULTA ahead |
| 2025-10-23 | 82.99 | 142.17 | -1.17 | ULTA ahead |
| 2025-10-22 | 81.19 | 140.77 | -1.23 | ULTA ahead |
| 2025-10-21 | 82.12 | 142.56 | -1.25 | ULTA ahead |
| 2025-10-20 | 84.44 | 141.96 | -1.12 | ULTA ahead |
| 2025-10-17 | 82.72 | 144.61 | -1.30 | ULTA ahead |
| 2025-10-16 | 81.89 | 145.64 | -1.38 | ULTA ahead |
| 2025-10-15 | 82.89 | 145.96 | -1.35 | ULTA ahead |
| 2025-10-14 | 81.82 | 146.65 | -1.44 | ULTA ahead |
| 2025-10-13 | 83.17 | 147.17 | -1.39 | ULTA ahead |
| 2025-10-10 | 79.66 | 148.89 | -1.64 | ULTA ahead |
| 2025-10-09 | 84.97 | 152.11 | -1.46 | ULTA ahead |
| 2025-10-08 | 87.49 | 153.37 | -1.38 | ULTA ahead |
| 2025-10-07 | 87.27 | 150.92 | -1.34 | ULTA ahead |
| 2025-10-06 | 89.82 | 153.67 | -1.30 | ULTA ahead |
| 2025-10-03 | 88.54 | 150.83 | -1.29 | ULTA ahead |
| 2025-10-02 | 89.99 | 151.20 | -1.24 | ULTA ahead |
| 2025-10-01 | 90.47 | 150.72 | -1.21 | ULTA ahead |
| 2025-09-30 | 87.49 | 148.20 | -1.30 | ULTA ahead |
| 2025-09-29 | 89.14 | 150.09 | -1.28 | ULTA ahead |
| 2025-09-26 | 86.29 | 149.63 | -1.42 | ULTA ahead |
| 2025-09-25 | 87.97 | 146.23 | -1.24 | ULTA ahead |
| 2025-09-24 | 87.12 | 145.18 | -1.25 | ULTA ahead |
| 2025-09-23 | 82.39 | 142.20 | -1.41 | ULTA ahead |
| 2025-09-22 | 84.87 | 140.45 | -1.23 | ULTA ahead |
| 2025-09-19 | 87.79 | 141.35 | -1.11 | ULTA ahead |
| 2025-09-18 | 88.49 | 144.97 | -1.19 | ULTA ahead |
| 2025-09-17 | 88.14 | 143.34 | -1.15 | ULTA ahead |
| 2025-09-16 | 86.82 | 142.36 | -1.19 | ULTA ahead |
| 2025-09-15 | 84.09 | 142.60 | -1.35 | ULTA ahead |
| 2025-09-12 | 84.22 | 139.49 | -1.25 | ULTA ahead |
| 2025-09-11 | 86.04 | 141.46 | -1.21 | ULTA ahead |
| 2025-09-10 | 83.34 | 139.72 | -1.30 | ULTA ahead |
| 2025-09-09 | 84.72 | 139.28 | -1.22 | ULTA ahead |
| 2025-09-08 | 82.17 | 140.90 | -1.42 | ULTA ahead |
| 2025-09-05 | 78.66 | 139.56 | -1.58 | ULTA ahead |
| 2025-09-04 | 77.36 | 143.53 | -1.79 | ULTA ahead |
| 2025-09-03 | 78.04 | 143.95 | -1.78 | ULTA ahead |
| 2025-09-02 | 78.99 | 144.35 | -1.75 | ULTA ahead |
| 2025-08-29 | 77.71 | 133.56 | -1.47 | ULTA ahead |
| 2025-08-28 | 76.01 | 143.83 | -1.93 | ULTA ahead |
| 2025-08-27 | 77.09 | 144.70 | -1.90 | ULTA ahead |
| 2025-08-26 | 79.56 | 142.59 | -1.70 | ULTA ahead |
| 2025-08-25 | 80.02 | 142.14 | -1.67 | ULTA ahead |
| 2025-08-22 | 79.74 | 143.53 | -1.74 | ULTA ahead |
| 2025-08-21 | 77.99 | 141.00 | -1.78 | ULTA ahead |
| 2025-08-20 | 77.96 | 140.05 | -1.76 | ULTA ahead |
| 2025-08-19 | 78.14 | 140.02 | -1.76 | ULTA ahead |
| 2025-08-18 | 79.46 | 140.10 | -1.70 | ULTA ahead |
| 2025-08-15 | 79.29 | 141.22 | -1.76 | ULTA ahead |
| 2025-08-14 | 78.99 | 142.63 | -1.85 | ULTA ahead |
| 2025-08-13 | 81.32 | 144.40 | -1.78 | ULTA ahead |
| 2025-08-12 | 80.34 | 139.87 | -1.70 | ULTA ahead |
| 2025-08-11 | 77.99 | 135.18 | -1.69 | ULTA ahead |
| 2025-08-08 | 78.76 | 135.05 | -1.65 | ULTA ahead |
| 2025-08-07 | 79.41 | 137.20 | -1.70 | ULTA ahead |
| 2025-08-06 | 78.39 | 139.92 | -1.87 | ULTA ahead |
| 2025-08-05 | 78.39 | 138.29 | -1.82 | ULTA ahead |
| 2025-08-04 | 79.09 | 139.59 | -1.84 | ULTA ahead |
| 2025-08-01 | 77.31 | 137.63 | -1.89 | ULTA ahead |
| 2025-07-31 | 78.76 | 139.60 | -1.89 | ULTA ahead |
| 2025-07-30 | 79.41 | 140.26 | -1.88 | ULTA ahead |
| 2025-07-29 | 80.59 | 139.23 | -1.78 | ULTA ahead |
| 2025-07-28 | 83.09 | 140.75 | -1.68 | ULTA ahead |
| 2025-07-25 | 82.99 | 139.58 | -1.65 | ULTA ahead |
| 2025-07-24 | 83.72 | 139.20 | -1.59 | ULTA ahead |
| 2025-07-23 | 84.87 | 137.73 | -1.47 | ULTA ahead |
| 2025-07-22 | 84.74 | 136.27 | -1.42 | ULTA ahead |
| 2025-07-21 | 83.54 | 134.83 | -1.44 | ULTA ahead |
| 2025-07-18 | 84.84 | 133.71 | -1.32 | ULTA ahead |
| 2025-07-17 | 81.77 | 132.84 | -1.47 | ULTA ahead |
| 2025-07-16 | 79.14 | 131.49 | -1.59 | ULTA ahead |
| 2025-07-15 | 80.14 | 128.42 | -1.41 | ULTA ahead |
| 2025-07-14 | 77.04 | 130.02 | -1.68 | ULTA ahead |
| 2025-07-11 | 77.79 | 129.25 | -1.60 | ULTA ahead |
| 2025-07-10 | 78.09 | 129.06 | -1.58 | ULTA ahead |
| 2025-07-09 | 79.04 | 128.91 | -1.51 | ULTA ahead |
| 2025-07-08 | 81.79 | 130.98 | -1.42 | ULTA ahead |
| 2025-07-07 | 80.09 | 129.02 | -1.45 | ULTA ahead |
| 2025-07-03 | 80.22 | 129.51 | -1.46 | ULTA ahead |
| 2025-07-02 | 81.22 | 128.71 | -1.36 | ULTA ahead |
| 2025-07-01 | 81.79 | 128.33 | -1.31 | ULTA ahead |
| 2025-06-30 | 81.64 | 126.81 | -1.26 | ULTA ahead |
| 2025-06-27 | 82.72 | 124.22 | -1.08 | ULTA ahead |
| 2025-06-26 | 83.19 | 124.05 | -1.04 | ULTA ahead |
| 2025-06-25 | 82.39 | 124.44 | -1.11 | ULTA ahead |
| 2025-06-24 | 81.49 | 125.91 | -1.23 | ULTA ahead |
| 2025-06-23 | 79.01 | 127.82 | -1.48 | ULTA ahead |
| 2025-06-20 | 78.64 | 128.44 | -1.53 | ULTA ahead |
| 2025-06-18 | 81.29 | 128.34 | -1.36 | ULTA ahead |
| 2025-06-17 | 82.97 | 127.87 | -1.24 | ULTA ahead |
| 2025-06-16 | 83.74 | 127.92 | -1.19 | ULTA ahead |
| 2025-06-13 | 81.94 | 124.46 | -1.17 | ULTA ahead |
| 2025-06-12 | 84.07 | 125.35 | -1.07 | ULTA ahead |
| 2025-06-11 | 84.37 | 123.87 | -0.99 | ULTA ahead |
| 2025-06-10 | 84.52 | 125.29 | -1.05 | ULTA ahead |
| 2025-06-09 | 84.89 | 126.94 | -1.10 | ULTA ahead |
| 2025-06-06 | 82.84 | 126.22 | -1.20 | ULTA ahead |
| 2025-06-05 | 82.77 | 126.60 | -1.22 | ULTA ahead |
| 2025-06-04 | 83.37 | 126.22 | -1.17 | ULTA ahead |
| 2025-06-03 | 81.07 | 128.24 | -1.41 | ULTA ahead |
| 2025-06-02 | 82.19 | 128.94 | -1.37 | ULTA ahead |
| 2025-05-30 | 81.07 | 127.79 | -1.40 | ULTA ahead |
| 2025-05-29 | 82.39 | 114.33 | -0.72 | ULTA ahead |
| 2025-05-28 | 78.99 | 113.04 | -0.89 | ULTA ahead |
| 2025-05-27 | 81.39 | 114.20 | -0.79 | ULTA ahead |
| 2025-05-23 | 83.42 | 110.33 | -0.47 | near the usual relationship |
| 2025-05-22 | 84.27 | 111.24 | -0.47 | near the usual relationship |
| 2025-05-21 | 84.17 | 109.71 | -0.40 | near the usual relationship |
| 2025-05-20 | 84.92 | 112.33 | -0.48 | near the usual relationship |
| 2025-05-19 | 84.27 | 111.16 | -0.47 | near the usual relationship |
| 2025-05-16 | 83.92 | 111.95 | -0.53 | ULTA ahead |
| 2025-05-15 | 85.92 | 111.61 | -0.38 | near the usual relationship |
| 2025-05-14 | 89.37 | 111.51 | -0.17 | near the usual relationship |
| 2025-05-13 | 93.17 | 111.74 | +0.05 | near the usual relationship |
| 2025-05-12 | 90.17 | 111.78 | -0.13 | near the usual relationship |
| 2025-05-09 | 84.69 | 106.30 | -0.19 | near the usual relationship |
| 2025-05-08 | 85.34 | 105.24 | -0.10 | near the usual relationship |
| 2025-05-07 | 84.59 | 106.43 | -0.20 | near the usual relationship |
| 2025-05-06 | 85.19 | 104.94 | -0.09 | near the usual relationship |
| 2025-05-05 | 85.19 | 106.88 | -0.18 | near the usual relationship |
| 2025-05-02 | 86.22 | 107.29 | -0.13 | near the usual relationship |
| 2025-05-01 | 82.17 | 106.51 | -0.35 | near the usual relationship |
| 2025-04-30 | 81.59 | 107.24 | -0.42 | near the usual relationship |
| 2025-04-29 | 82.24 | 105.78 | -0.30 | near the usual relationship |
| 2025-04-28 | 81.79 | 104.75 | -0.27 | near the usual relationship |
| 2025-04-25 | 81.37 | 104.00 | -0.25 | near the usual relationship |
| 2025-04-24 | 81.22 | 104.61 | -0.29 | near the usual relationship |
| 2025-04-23 | 83.94 | 102.39 | +0.00 | near the usual relationship |
| 2025-04-22 | 84.22 | 102.64 | +0.02 | near the usual relationship |
| 2025-04-21 | 85.19 | 99.12 | +0.26 | near the usual relationship |
| 2025-04-17 | 86.84 | 96.97 | +0.48 | near the usual relationship |
| 2025-04-16 | 88.37 | 94.76 | +0.69 | JD ahead |
| 2025-04-15 | 93.65 | 97.06 | +0.86 | JD ahead |
| 2025-04-14 | 95.50 | 99.28 | +0.85 | JD ahead |
| 2025-04-11 | 91.10 | 97.98 | +0.69 | JD ahead |
| 2025-04-10 | 88.99 | 96.21 | +0.67 | JD ahead |
| 2025-04-09 | 87.73 | 98.45 | +0.50 | JD ahead |
| 2025-04-08 | 82.59 | 88.91 | +0.70 | JD ahead |
| 2025-04-07 | 87.34 | 92.96 | +0.76 | JD ahead |
| 2025-04-04 | 92.07 | 97.41 | +0.80 | JD ahead |
| 2025-04-03 | 99.80 | 99.69 | +1.08 | JD ahead |
| 2025-04-02 | 102.78 | 103.68 | +1.03 | JD ahead |
| 2025-04-01 | 103.35 | 101.35 | +1.17 | JD ahead |
| 2025-03-31 | 102.85 | 99.35 | +1.25 | JD ahead |
| 2025-03-28 | 104.00 | 97.44 | +1.39 | JD ahead |
| 2025-03-27 | 107.28 | 100.38 | +1.41 | JD ahead |
| 2025-03-26 | 104.50 | 100.81 | +1.27 | JD ahead |
| 2025-03-25 | 103.73 | 100.50 | +1.26 | JD ahead |
| 2025-03-24 | 106.48 | 99.25 | +1.44 | JD ahead |
| 2025-03-21 | 105.65 | 95.03 | +1.61 | JD ahead |
| 2025-03-20 | 107.50 | 92.40 | +1.82 | JD ahead |
| 2025-03-19 | 112.13 | 93.17 | +1.98 | JD ahead |
| 2025-03-18 | 112.36 | 93.20 | +2.00 | JD ahead |
| 2025-03-17 | 113.08 | 96.77 | +1.87 | JD ahead |
| 2025-03-14 | 107.95 | 96.90 | +1.67 | JD ahead |
| 2025-03-13 | 103.15 | 85.24 | +2.04 | JD ahead |
| 2025-03-12 | 100.98 | 89.24 | +1.76 | JD ahead |
| 2025-03-11 | 101.93 | 92.90 | +1.62 | JD ahead |
| 2025-03-10 | 101.65 | 96.09 | +1.47 | JD ahead |
| 2025-03-07 | 105.78 | 96.34 | +1.63 | JD ahead |
| 2025-03-06 | 109.85 | 96.23 | +1.79 | JD ahead |
| 2025-03-05 | 109.45 | 95.31 | +1.82 | JD ahead |
| 2025-03-04 | 102.43 | 93.10 | +1.64 | JD ahead |
| 2025-03-03 | 100.65 | 94.56 | +1.51 | JD ahead |
| 2025-02-28 | 104.80 | 99.31 | +1.48 | JD ahead |
| 2025-02-27 | 106.40 | 99.15 | +1.55 | JD ahead |
| 2025-02-26 | 106.38 | 99.41 | +1.54 | JD ahead |
| 2025-02-25 | 100.23 | 99.13 | +1.32 | JD ahead |
| 2025-02-24 | 98.32 | 98.64 | +1.27 | JD ahead |
| 2025-02-21 | 106.10 | 98.00 | +1.60 | JD ahead |
| 2025-02-20 | 103.03 | 99.39 | +1.44 | JD ahead |
| 2025-02-19 | 98.02 | 97.57 | +1.33 | JD ahead |
| 2025-02-18 | 97.32 | 99.95 | +1.21 | JD ahead |
| 2025-02-14 | 103.50 | 98.98 | +1.49 | JD ahead |
| 2025-02-13 | 99.02 | 97.70 | +1.38 | JD ahead |
| 2025-02-12 | 98.32 | 101.14 | +1.23 | JD ahead |
| 2025-02-11 | 102.05 | 101.52 | +1.36 | JD ahead |
| 2025-02-10 | 105.48 | 102.01 | +1.47 | JD ahead |
| 2025-02-07 | 100.48 | 101.59 | +1.32 | JD ahead |
| 2025-02-06 | 100.08 | 108.86 | +1.05 | JD ahead |
| 2025-02-05 | 99.57 | 111.32 | +0.96 | JD ahead |
| 2025-02-04 | 102.95 | 110.92 | +1.10 | JD ahead |
| 2025-02-03 | 100.13 | 110.63 | +1.01 | JD ahead |
| 2025-01-31 | 101.85 | 111.72 | +1.05 | JD ahead |
| 2025-01-30 | 105.80 | 113.45 | +1.14 | JD ahead |
| 2025-01-29 | 100.70 | 111.31 | +1.03 | JD ahead |
| 2025-01-28 | 102.73 | 112.01 | +1.09 | JD ahead |
| 2025-01-27 | 100.80 | 112.49 | +1.01 | JD ahead |
| 2025-01-24 | 101.85 | 113.26 | +1.04 | JD ahead |
| 2025-01-23 | 96.80 | 113.45 | +0.85 | JD ahead |
| 2025-01-22 | 97.85 | 113.42 | +0.90 | JD ahead |
| 2025-01-21 | 96.30 | 114.43 | +0.82 | JD ahead |
| 2025-01-17 | 97.55 | 109.78 | +1.02 | JD ahead |
| 2025-01-16 | 88.59 | 112.04 | +0.61 | JD ahead |
| 2025-01-15 | 88.47 | 110.43 | +0.66 | JD ahead |
| 2025-01-14 | 86.89 | 109.53 | +0.64 | JD ahead |
| 2025-01-13 | 83.52 | 109.49 | +0.50 | JD ahead |
| 2025-01-10 | 82.79 | 113.37 | +0.36 | near the usual relationship |
| 2025-01-08 | 86.84 | 112.53 | +0.55 | JD ahead |
| 2025-01-07 | 87.49 | 116.09 | +0.48 | near the usual relationship |
| 2025-01-06 | 87.89 | 116.91 | +0.47 | near the usual relationship |
| 2025-01-03 | 88.39 | 116.92 | +0.50 | JD ahead |
| 2025-01-02 | 85.62 | 116.33 | +0.41 | near the usual relationship |
| 2024-12-31 | 86.72 | 117.89 | +0.41 | near the usual relationship |
| 2024-12-30 | 85.69 | 118.02 | +0.37 | near the usual relationship |
| 2024-12-27 | 87.49 | 119.85 | +0.39 | near the usual relationship |
| 2024-12-26 | 90.37 | 120.95 | +0.48 | near the usual relationship |
| 2024-12-24 | 91.20 | 118.00 | +0.60 | JD ahead |
| 2024-12-23 | 90.77 | 116.32 | +0.64 | JD ahead |
| 2024-12-20 | 89.14 | 116.56 | +0.57 | JD ahead |
| 2024-12-19 | 89.82 | 115.34 | +0.64 | JD ahead |
| 2024-12-18 | 91.15 | 112.92 | +0.77 | JD ahead |
| 2024-12-17 | 93.22 | 114.81 | +0.80 | JD ahead |
| 2024-12-16 | 91.82 | 115.14 | +0.74 | JD ahead |
| 2024-12-13 | 93.27 | 114.96 | +0.81 | JD ahead |
| 2024-12-12 | 95.32 | 114.91 | +0.89 | JD ahead |
| 2024-12-11 | 95.57 | 116.58 | +0.86 | JD ahead |
| 2024-12-10 | 98.96 | 111.66 | +1.14 | JD ahead |
| 2024-12-09 | 103.23 | 113.31 | +1.24 | JD ahead |
| 2024-12-06 | 93.00 | 116.06 | +0.80 | JD ahead |
| 2024-12-05 | 91.07 | 106.49 | +1.04 | JD ahead |
| 2024-12-04 | 89.37 | 108.37 | +0.92 | JD ahead |
| 2024-12-03 | 92.80 | 107.15 | +1.10 | JD ahead |
| 2024-12-02 | 93.72 | 106.81 | +1.15 | JD ahead |
| 2024-11-29 | 93.50 | 104.80 | +1.22 | JD ahead |
| 2024-11-27 | 93.02 | 101.72 | +1.31 | JD ahead |
| 2024-11-26 | 88.37 | 97.71 | +1.28 | JD ahead |
| 2024-11-25 | 86.32 | 98.30 | +1.19 | JD ahead |
| 2024-11-22 | 86.74 | 91.72 | +1.46 | JD ahead |
| 2024-11-21 | 88.49 | 91.83 | +1.54 | JD ahead |
| 2024-11-20 | 87.99 | 93.04 | +1.48 | JD ahead |
| 2024-11-19 | 88.02 | 92.75 | +1.51 | JD ahead |
| 2024-11-18 | 88.37 | 95.78 | +1.42 | JD ahead |
| 2024-11-15 | 87.54 | 98.98 | +1.28 | JD ahead |
| 2024-11-14 | 83.42 | 103.75 | +0.94 | JD ahead |
| 2024-11-13 | 89.27 | 103.75 | +1.19 | JD ahead |
| 2024-11-12 | 90.30 | 102.95 | +1.27 | JD ahead |
| 2024-11-11 | 97.60 | 103.15 | +1.56 | JD ahead |
| 2024-11-08 | 95.92 | 104.43 | +1.46 | JD ahead |
| 2024-11-07 | 103.13 | 106.60 | +1.67 | JD ahead |
| 2024-11-06 | 96.72 | 105.04 | +1.50 | JD ahead |
| 2024-11-05 | 100.13 | 103.79 | +1.69 | JD ahead |
| 2024-11-04 | 99.70 | 104.06 | +1.68 | JD ahead |
| 2024-11-01 | 101.15 | 102.37 | +1.81 | JD ahead |
| 2024-10-31 | 101.60 | 100.02 | +1.94 | JD ahead |
| 2024-10-30 | 100.13 | 101.95 | +1.83 | JD ahead |
| 2024-10-29 | 102.90 | 102.96 | +1.92 | JD ahead |
| 2024-10-28 | 104.15 | 103.03 | +1.98 | JD ahead |
| 2024-10-25 | 99.80 | 101.19 | +1.91 | JD ahead |
| 2024-10-24 | 98.37 | 99.53 | +1.94 | JD ahead |
| 2024-10-23 | 100.05 | 99.48 | +2.03 | JD ahead |
| 2024-10-22 | 100.93 | 98.94 | +2.11 | JD ahead |
| 2024-10-21 | 99.25 | 100.08 | +2.02 | JD ahead |
| 2024-10-18 | 100.00 | 100.00 | +2.08 | JD ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Mar 13, 2026 (JD +1.4%, ULTA -14.2%).
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.
JD and ULTA at a glance
JD JD.com Inc.
- Listing
- Nasdaq · SEC CIK 1549802
- Industry
- Other Specialty Stores · SIC 5990 Retail-Retail Stores, NEC
- Market value
- $36.0B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
ULTA Ulta Beauty Inc.
- Listing
- Nasdaq · SEC CIK 1403568
- Industry
- Other Specialty Stores · SIC 5990 Retail-Retail Stores, NEC
- Market value
- $25.3B
- 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.
Other rivals of JD and ULTA
| Pair | Status | Ahead now | Industry |
|---|---|---|---|
| ULTA / DKS | Watchlist | ULTA by 1.89 sd | Other Specialty Stores |
| JD / DKS | Watchlist | JD by 0.97 sd | Other Specialty Stores |
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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.
