Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Martin Marietta Materials Inc. vs Vulcan Materials Company (Holding Company)

WatchlistMLM / VMCPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($36B vs $33B) in Nasdaq's "Mining & Quarrying of Nonmetallic Minerals (No Fuels)" industry; SEC SIC 1400 / 1400 (same major group); #1 and #2 by market value ($36B vs $33B) with SEC SIC 1400 (Mining & Quarrying of Nonmetallic Minerals (No Fuels)).

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

  • Mean reversion: ADF t-statistic of the spread: -1.18 (needs <= -2.873 (5% critical value))
Business leadership

VMC is the larger business

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

YearMLMVMCLarger
2025$6.2B$7.9BVMC
2024$5.7B$7.4BVMC
2023$5.9B$7.8BVMC
2022$6.2B$7.3BVMC
2021$5.4B$5.6BVMC
2020$4.7B$4.9BVMC

VMC led in every year with figures for both. Market value: MLM $35.6B, VMC $33.4B.

Stock leadership

VMC is ahead now

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

VMC leads MLM by 1.68 standard deviations: +7.5% over its usual price ratio. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
MLM-7.5%-16.4%-18.1%
VMC-3.9%-8.2%-9.7%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.88 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.18 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 43.39 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

MLM Martin Marietta Materials Inc. VMC Vulcan Materials Company (Holding Company)Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
80100120Oct 2024Oct 2025Oct 2026MLM 89VMC 103
Spread z-score: MLM relative to VMC, against the 252 sessions before each day. Above 0: MLM ahead; below 0: VMC ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateMLM indexVMC indexzAhead
2026-10-2289.10102.67-1.68VMC ahead
2026-10-2187.61101.12-1.73VMC ahead
2026-10-2087.36100.08-1.57VMC ahead
2026-10-1986.3498.37-1.45VMC ahead
2026-10-1686.2098.44-1.52VMC ahead
2026-10-1584.5596.44-1.51VMC ahead
2026-10-1481.0892.38-1.50VMC ahead
2026-10-1381.3193.05-1.62VMC ahead
2026-10-1282.1393.67-1.55VMC ahead
2026-10-0982.3393.45-1.45VMC ahead
2026-10-0882.8994.09-1.46VMC ahead
2026-10-0782.4593.28-1.39VMC ahead
2026-10-0684.1795.08-1.37VMC ahead
2026-10-0583.5693.83-1.23VMC ahead
2026-10-0283.0192.87-1.15VMC ahead
2026-10-0182.4793.22-1.41VMC ahead
2026-09-3082.5893.47-1.45VMC ahead
2026-09-2982.4692.75-1.30VMC ahead
2026-09-2884.4794.05-1.06VMC ahead
2026-09-2583.3693.61-1.28VMC ahead
2026-09-2482.6392.35-1.16VMC ahead
2026-09-2384.4193.38-0.91VMC ahead
2026-09-2285.9494.71-0.82VMC ahead
2026-09-2186.0094.07-0.64VMC ahead
2026-09-1884.4592.02-0.55VMC ahead
2026-09-1785.1093.42-0.74VMC ahead
2026-09-1685.5093.34-0.60VMC ahead
2026-09-1587.2395.22-0.60VMC ahead
2026-09-1486.2295.73-1.03VMC ahead
2026-09-1187.7796.57-0.81VMC ahead
2026-09-1086.4895.75-0.97VMC ahead
2026-09-0986.5795.48-0.88VMC ahead
2026-09-0888.1298.69-1.28VMC ahead
2026-09-0488.60100.35-1.58VMC ahead
2026-09-0387.6099.43-1.65VMC ahead
2026-09-0289.00100.84-1.62VMC ahead
2026-09-0186.9199.22-1.84VMC ahead
2026-08-3189.28103.00-2.14VMC ahead
2026-08-2891.40104.89-2.02VMC ahead
2026-08-2790.98104.63-2.11VMC ahead
2026-08-2691.60104.59-1.94VMC ahead
2026-08-2591.52104.73-2.02VMC ahead
2026-08-2491.76105.43-2.16VMC ahead
2026-08-2192.07105.47-2.10VMC ahead
2026-08-2090.41103.42-2.09VMC ahead
2026-08-1992.17105.57-2.15VMC ahead
2026-08-1889.98103.79-2.38VMC ahead
2026-08-1792.71106.28-2.24VMC ahead
2026-08-1494.31107.75-2.17VMC ahead
2026-08-1393.76106.04-1.90VMC ahead
2026-08-1293.61107.13-2.28VMC ahead
2026-08-1195.30109.96-2.56VMC ahead
2026-08-1094.59109.02-2.57VMC ahead
2026-08-0794.42108.78-2.60VMC ahead
2026-08-0692.65107.61-2.91VMC ahead
2026-08-0595.24109.57-2.66VMC ahead
2026-08-0495.67108.93-2.38VMC ahead
2026-08-0393.33108.36-3.06VMC ahead
2026-07-3190.39102.62-2.37VMC ahead
2026-07-3092.94103.64-1.80VMC ahead
2026-07-2998.05108.48-1.56VMC ahead
2026-07-28100.46110.20-1.29VMC ahead
2026-07-2798.46108.70-1.52VMC ahead
2026-07-2496.32106.87-1.70VMC ahead
2026-07-2394.13105.05-1.92VMC ahead
2026-07-2294.78106.16-2.06VMC ahead
2026-07-2194.20105.74-2.17VMC ahead
2026-07-2095.29107.22-2.28VMC ahead
2026-07-1796.83110.17-2.71VMC ahead
2026-07-1699.30112.13-2.49VMC ahead
2026-07-1597.99110.47-2.47VMC ahead
2026-07-1498.75111.53-2.57VMC ahead
2026-07-1397.99111.87-3.03VMC ahead
2026-07-1099.44112.81-2.85VMC ahead
2026-07-0998.43110.32-2.43VMC ahead
2026-07-0898.11109.50-2.30VMC ahead
2026-07-07102.27114.59-2.49VMC ahead
2026-07-06104.18116.48-2.44VMC ahead
2026-07-02103.17115.85-2.66VMC ahead
2026-07-0199.70112.73-3.00VMC ahead
2026-06-3099.26112.72-3.25VMC ahead
2026-06-29100.04116.09-4.31VMC ahead
2026-06-26106.03118.96-2.92VMC ahead
2026-06-25108.25119.58-2.27VMC ahead
2026-06-24106.13117.41-2.37VMC ahead
2026-06-23103.99114.28-2.10VMC ahead
2026-06-22104.97116.30-2.50VMC ahead
2026-06-18104.84115.71-2.36VMC ahead
2026-06-17101.73112.65-2.54VMC ahead
2026-06-16103.88114.94-2.54VMC ahead
2026-06-15101.36111.95-2.49VMC ahead
2026-06-1299.37109.46-2.40VMC ahead
2026-06-1197.34107.06-2.35VMC ahead
2026-06-1095.16104.18-2.16VMC ahead
2026-06-0998.49106.60-1.60VMC ahead
2026-06-0895.35103.16-1.59VMC ahead
2026-06-0599.11107.51-1.73VMC ahead
2026-06-0499.98108.15-1.59VMC ahead
2026-06-03100.37109.01-1.79VMC ahead
2026-06-0299.30107.69-1.73VMC ahead
2026-06-0198.27107.58-2.21VMC ahead
2026-05-29100.11108.10-1.54VMC ahead
2026-05-2898.99105.74-1.00VMC ahead
2026-05-2798.86105.32-0.87VMC ahead
2026-05-2696.55102.76-0.82VMC ahead
2026-05-2292.3499.59-1.49VMC ahead
2026-05-2192.59100.14-1.63VMC ahead
2026-05-2093.28100.59-1.48VMC ahead
2026-05-1991.6899.14-1.62VMC ahead
2026-05-1895.66101.76-0.79VMC ahead
2026-05-1596.15102.33-0.80VMC ahead
2026-05-1499.01105.11-0.66VMC ahead
2026-05-1399.28104.90-0.42near the usual relationship
2026-05-12100.02106.73-0.88VMC ahead
2026-05-11100.86108.02-1.04VMC ahead
2026-05-08101.61108.41-0.84VMC ahead
2026-05-07103.35110.40-0.88VMC ahead
2026-05-06105.93112.99-0.80VMC ahead
2026-05-05104.32111.38-0.83VMC ahead
2026-05-04103.84109.93-0.43near the usual relationship
2026-05-01105.76113.60-1.06VMC ahead
2026-04-30106.55115.29-1.39VMC ahead
2026-04-29105.48113.13-0.99VMC ahead
2026-04-28105.69111.36-0.20near the usual relationship
2026-04-27104.95111.31-0.48near the usual relationship
2026-04-24105.90111.60-0.19near the usual relationship
2026-04-23106.52111.84-0.03near the usual relationship
2026-04-22105.10110.85-0.22near the usual relationship
2026-04-21105.76111.08-0.03near the usual relationship
2026-04-20107.98112.63+0.27near the usual relationship
2026-04-17107.06111.46+0.36near the usual relationship
2026-04-16104.64109.19+0.27near the usual relationship
2026-04-15106.19111.28+0.09near the usual relationship
2026-04-14108.57113.43+0.23near the usual relationship
2026-04-13109.34113.54+0.49near the usual relationship
2026-04-10108.70112.90+0.49near the usual relationship
2026-04-09107.66111.96+0.44near the usual relationship
2026-04-08107.46111.79+0.43near the usual relationship
2026-04-07102.31106.16+0.54MLM ahead
2026-04-06103.01107.61+0.27near the usual relationship
2026-04-02102.78106.94+0.44near the usual relationship
2026-04-01103.08107.03+0.53MLM ahead
2026-03-31101.32104.04+0.99MLM ahead
2026-03-3098.72101.99+0.75MLM ahead
2026-03-2798.2799.90+1.41MLM ahead
2026-03-2699.85101.84+1.28MLM ahead
2026-03-25101.45102.98+1.49MLM ahead
2026-03-2499.17101.90+1.01MLM ahead
2026-03-2399.41100.78+1.56MLM ahead
2026-03-2096.5098.73+1.20MLM ahead
2026-03-1997.6798.20+1.92MLM ahead
2026-03-1897.7598.53+1.84MLM ahead
2026-03-17100.26101.43+1.71MLM ahead
2026-03-16100.74101.62+1.85MLM ahead
2026-03-13100.47101.41+1.85MLM ahead
2026-03-12101.10100.80+2.39MLM ahead
2026-03-11102.86101.86+2.72MLM ahead
2026-03-10104.57103.93+2.61MLM ahead
2026-03-09105.43104.82+2.64MLM ahead
2026-03-06104.99105.07+2.37MLM ahead
2026-03-05108.94109.75+2.09MLM ahead
2026-03-04113.70113.09+2.65MLM ahead
2026-03-03113.04114.63+1.83MLM ahead
2026-03-02114.52117.00+1.51MLM ahead
2026-02-27116.45118.45+1.70MLM ahead
2026-02-26116.77118.06+1.95MLM ahead
2026-02-25115.88116.74+2.10MLM ahead
2026-02-24119.94121.46+1.89MLM ahead
2026-02-23117.66118.75+2.03MLM ahead
2026-02-20118.06116.65+2.92MLM ahead
2026-02-19116.25115.72+2.64MLM ahead
2026-02-18113.90114.38+2.29MLM ahead
2026-02-17114.72115.47+2.21MLM ahead
2026-02-13116.84125.19-0.28near the usual relationship
2026-02-12113.61123.00-0.68VMC ahead
2026-02-11113.88122.18-0.31near the usual relationship
2026-02-10121.88126.23+1.07MLM ahead
2026-02-09119.75125.06+0.75MLM ahead
2026-02-06118.76123.69+0.86MLM ahead
2026-02-05115.48118.74+1.36MLM ahead
2026-02-04115.52119.02+1.29MLM ahead
2026-02-03114.12118.83+0.89MLM ahead
2026-02-02112.62116.89+1.02MLM ahead
2026-01-30112.21114.83+1.56MLM ahead
2026-01-29112.45114.42+1.78MLM ahead
2026-01-28111.92114.52+1.59MLM ahead
2026-01-27111.75114.12+1.67MLM ahead
2026-01-26112.19114.78+1.62MLM ahead
2026-01-23111.79114.65+1.54MLM ahead
2026-01-22112.23115.88+1.30MLM ahead
2026-01-21110.35114.25+1.21MLM ahead
2026-01-20108.59113.16+0.98MLM ahead
2026-01-16112.16116.91+0.97MLM ahead
2026-01-15110.32115.28+0.89MLM ahead
2026-01-14109.59114.05+1.05MLM ahead
2026-01-13114.58118.84+1.18MLM ahead
2026-01-12114.24118.30+1.24MLM ahead
2026-01-09114.75119.07+1.18MLM ahead
2026-01-08109.83114.29+1.08MLM ahead
2026-01-07107.58111.62+1.20MLM ahead
2026-01-06111.23114.57+1.48MLM ahead
2026-01-05110.50113.35+1.65MLM ahead
2026-01-02109.20111.82+1.73MLM ahead
2025-12-31107.17108.98+2.02MLM ahead
2025-12-30108.68110.38+2.09MLM ahead
2025-12-29109.69111.58+2.05MLM ahead
2025-12-26111.02112.41+2.26MLM ahead
2025-12-24110.70112.20+2.25MLM ahead
2025-12-23109.94111.89+2.12MLM ahead
2025-12-22108.87111.52+1.89MLM ahead
2025-12-19109.11111.52+2.00MLM ahead
2025-12-18107.98110.17+2.09MLM ahead
2025-12-17106.54109.05+1.99MLM ahead
2025-12-16108.35111.57+1.77MLM ahead
2025-12-15109.10113.36+1.42MLM ahead
2025-12-12108.13113.08+1.18MLM ahead
2025-12-11108.79114.35+0.98MLM ahead
2025-12-10107.30113.39+0.77MLM ahead
2025-12-09105.34111.20+0.82MLM ahead
2025-12-08107.09113.01+0.84MLM ahead
2025-12-05107.46112.67+1.11MLM ahead
2025-12-04106.50112.20+0.92MLM ahead
2025-12-03106.00111.80+0.88MLM ahead
2025-12-02104.65110.74+0.74MLM ahead
2025-12-01105.90111.51+0.95MLM ahead
2025-11-28107.27113.57+0.73MLM ahead
2025-11-26107.14112.75+0.98MLM ahead
2025-11-25106.36111.84+1.01MLM ahead
2025-11-24104.06109.73+0.90MLM ahead
2025-11-21103.82109.98+0.71MLM ahead
2025-11-20102.75109.27+0.56MLM ahead
2025-11-19102.72108.60+0.79MLM ahead
2025-11-18102.10107.70+0.89MLM ahead
2025-11-17101.54107.02+0.92MLM ahead
2025-11-14102.66107.21+1.30MLM ahead
2025-11-13103.64108.55+1.18MLM ahead
2025-11-12105.82112.75+0.48near the usual relationship
2025-11-11106.78112.75+0.84MLM ahead
2025-11-10106.16111.89+0.91MLM ahead
2025-11-07105.10109.77+1.28MLM ahead
2025-11-06104.70109.39+1.26MLM ahead
2025-11-05105.10108.93+1.57MLM ahead
2025-11-04107.62111.67+1.52MLM ahead
2025-11-03106.59110.25+1.64MLM ahead
2025-10-31105.52110.61+1.07MLM ahead
2025-10-30105.51110.81+0.98MLM ahead
2025-10-29106.18112.70+0.55MLM ahead
2025-10-28106.17111.80+0.83MLM ahead
2025-10-27106.17111.57+0.89MLM ahead
2025-10-24106.92111.85+1.04MLM ahead
2025-10-23106.60111.59+0.99MLM ahead
2025-10-22107.14112.21+0.96MLM ahead
2025-10-21108.78113.70+1.01MLM ahead
2025-10-20107.93112.90+0.97MLM ahead
2025-10-17107.64112.85+0.87MLM ahead
2025-10-16107.43113.19+0.69MLM ahead
2025-10-15110.01115.81+0.70MLM ahead
2025-10-14113.06118.09+0.95MLM ahead
2025-10-13109.92115.68+0.70MLM ahead
2025-10-10108.84115.17+0.51MLM ahead
2025-10-09109.09115.73+0.41near the usual relationship
2025-10-08109.52116.32+0.37near the usual relationship
2025-10-07108.37114.97+0.40near the usual relationship
2025-10-06109.49116.41+0.32near the usual relationship
2025-10-03109.25116.42+0.25near the usual relationship
2025-10-02108.07115.91+0.03near the usual relationship
2025-10-01106.72115.25-0.19near the usual relationship
2025-09-30108.48117.54-0.30near the usual relationship
2025-09-29106.93115.78-0.28near the usual relationship
2025-09-26105.64114.36-0.28near the usual relationship
2025-09-25104.66112.62-0.10near the usual relationship
2025-09-24104.44112.26-0.07near the usual relationship
2025-09-23105.92113.71-0.03near the usual relationship
2025-09-22106.68114.20+0.05near the usual relationship
2025-09-19106.47113.78+0.09near the usual relationship
2025-09-18106.78114.08+0.09near the usual relationship
2025-09-17104.94111.67+0.21near the usual relationship
2025-09-16104.95111.55+0.24near the usual relationship
2025-09-15105.18112.35+0.08near the usual relationship
2025-09-12106.00112.69+0.22near the usual relationship
2025-09-11108.63115.26+0.27near the usual relationship
2025-09-10106.15112.50+0.30near the usual relationship
2025-09-09105.72111.74+0.38near the usual relationship
2025-09-08107.93114.21+0.34near the usual relationship
2025-09-05107.17112.64+0.53MLM ahead
2025-09-04106.54111.70+0.60MLM ahead
2025-09-03105.20110.06+0.66MLM ahead
2025-09-02106.09111.76+0.45near the usual relationship
2025-08-29106.09111.25+0.58MLM ahead
2025-08-28105.39111.25+0.38near the usual relationship
2025-08-27106.13111.24+0.58MLM ahead
2025-08-26106.20111.26+0.59MLM ahead
2025-08-25104.04110.92+0.08near the usual relationship
2025-08-22104.63111.72+0.03near the usual relationship
2025-08-21103.40110.15+0.09near the usual relationship
2025-08-20103.37109.38+0.28near the usual relationship
2025-08-19104.61111.89-0.04near the usual relationship
2025-08-18103.76110.76+0.02near the usual relationship
2025-08-15104.92111.42+0.16near the usual relationship
2025-08-14105.42111.99+0.14near the usual relationship
2025-08-13106.73112.96+0.24near the usual relationship
2025-08-12105.93111.53+0.38near the usual relationship
2025-08-11103.26108.99+0.31near the usual relationship
2025-08-08105.15109.48+0.68MLM ahead
2025-08-07103.32107.79+0.62MLM ahead
2025-08-06102.93107.59+0.57MLM ahead
2025-08-05104.56108.20+0.84MLM ahead
2025-08-04103.67107.69+0.73MLM ahead
2025-08-0199.46105.05+0.27near the usual relationship
2025-07-3198.95104.95+0.15near the usual relationship
2025-07-3099.02104.22+0.36near the usual relationship
2025-07-2999.81104.66+0.46near the usual relationship
2025-07-2899.12103.21+0.65MLM ahead
2025-07-25100.81105.01+0.64MLM ahead
2025-07-24100.08103.71+0.77MLM ahead
2025-07-2398.92102.82+0.69MLM ahead
2025-07-2298.28102.32+0.64MLM ahead
2025-07-2196.95101.26+0.54MLM ahead
2025-07-1897.25101.86+0.46near the usual relationship
2025-07-1795.20100.49+0.25near the usual relationship
2025-07-1694.0499.58+0.16near the usual relationship
2025-07-1594.3999.94+0.16near the usual relationship
2025-07-1497.22103.14+0.10near the usual relationship
2025-07-1196.73102.78+0.05near the usual relationship
2025-07-1097.14103.44-0.01near the usual relationship
2025-07-0997.59103.14+0.18near the usual relationship
2025-07-0896.23101.81+0.15near the usual relationship
2025-07-0795.75102.02-0.04near the usual relationship
2025-07-0396.02101.73+0.11near the usual relationship
2025-07-0296.16101.52+0.19near the usual relationship
2025-07-0195.99101.13+0.24near the usual relationship
2025-06-3094.4999.66+0.21near the usual relationship
2025-06-2794.67100.18+0.12near the usual relationship
2025-06-2693.0698.18+0.19near the usual relationship
2025-06-2591.9897.29+0.12near the usual relationship
2025-06-2495.07101.05+0.00near the usual relationship
2025-06-2395.0099.74+0.30near the usual relationship
2025-06-2092.6497.79+0.16near the usual relationship
2025-06-1892.7398.63-0.04near the usual relationship
2025-06-1793.1898.98-0.01near the usual relationship
2025-06-1693.4299.79-0.16near the usual relationship
2025-06-1393.3799.64-0.14near the usual relationship
2025-06-1295.12101.46-0.13near the usual relationship
2025-06-1193.9599.77-0.03near the usual relationship
2025-06-1095.41101.29-0.03near the usual relationship
2025-06-0995.44101.64-0.11near the usual relationship
2025-06-0694.89101.18-0.15near the usual relationship
2025-06-0594.67101.51-0.29near the usual relationship
2025-06-0494.59101.67-0.35near the usual relationship
2025-06-0393.90101.23-0.43near the usual relationship
2025-06-0293.22100.63-0.47near the usual relationship
2025-05-3094.24101.28-0.37near the usual relationship
2025-05-2994.40101.37-0.35near the usual relationship
2025-05-2894.76100.31-0.02near the usual relationship
2025-05-2797.67103.22+0.01near the usual relationship
2025-05-2396.68102.47-0.06near the usual relationship
2025-05-2297.19103.81-0.25near the usual relationship
2025-05-2196.39103.37-0.35near the usual relationship
2025-05-2097.01104.44-0.44near the usual relationship
2025-05-1997.80105.46-0.49near the usual relationship
2025-05-1697.09105.27-0.62VMC ahead
2025-05-1595.16103.57-0.71VMC ahead
2025-05-1493.12101.76-0.81VMC ahead
2025-05-1393.61102.62-0.88VMC ahead
2025-05-1295.19104.07-0.83VMC ahead
2025-05-0993.26103.02-1.07VMC ahead
2025-05-0893.21102.56-0.99VMC ahead
2025-05-0791.99101.57-1.08VMC ahead
2025-05-0692.08102.11-1.18VMC ahead
2025-05-0593.32103.18-1.12VMC ahead
2025-05-0292.22102.04-1.15VMC ahead
2025-05-0190.00100.73-1.41VMC ahead
2025-04-3090.19100.23-1.26VMC ahead
2025-04-2986.9093.75-0.61VMC ahead
2025-04-2886.5693.76-0.71VMC ahead
2025-04-2586.8294.39-0.79VMC ahead
2025-04-2487.6595.33-0.81VMC ahead
2025-04-2385.7793.44-0.85VMC ahead
2025-04-2284.5191.92-0.82VMC ahead
2025-04-2183.4989.47-0.51VMC ahead
2025-04-1785.0792.44-0.81VMC ahead
2025-04-1684.5291.91-0.83VMC ahead
2025-04-1585.9093.43-0.85VMC ahead
2025-04-1486.5693.03-0.60VMC ahead
2025-04-1184.6392.58-0.98VMC ahead
2025-04-1081.8090.01-1.11VMC ahead
2025-04-0982.9091.52-1.19VMC ahead
2025-04-0877.8886.54-1.33VMC ahead
2025-04-0779.1487.32-1.19VMC ahead
2025-04-0481.0288.16-0.91VMC ahead
2025-04-0383.4790.62-0.87VMC ahead
2025-04-0284.7691.74-0.81VMC ahead
2025-04-0183.4090.66-0.91VMC ahead
2025-03-3182.2989.14-0.85VMC ahead
2025-03-2882.2789.00-0.83VMC ahead
2025-03-2783.3690.76-0.97VMC ahead
2025-03-2683.1190.58-0.99VMC ahead
2025-03-2584.0492.08-1.11VMC ahead
2025-03-2484.4692.01-1.00VMC ahead
2025-03-2182.1089.44-1.01VMC ahead
2025-03-2083.2791.21-1.13VMC ahead
2025-03-1984.3792.13-1.07VMC ahead
2025-03-1884.0390.36-0.77VMC ahead
2025-03-1784.1289.82-0.62VMC ahead
2025-03-1482.1888.38-0.78VMC ahead
2025-03-1380.0485.99-0.76VMC ahead
2025-03-1279.9886.80-0.98VMC ahead
2025-03-1179.9385.86-0.77VMC ahead
2025-03-1080.5784.57-0.30near the usual relationship
2025-03-0779.2484.40-0.61VMC ahead
2025-03-0681.9189.86-1.22VMC ahead
2025-03-0582.2191.83-1.61VMC ahead
2025-03-0479.5089.74-1.85VMC ahead
2025-03-0380.8691.61-1.95VMC ahead
2025-02-2883.1694.49-2.03VMC ahead
2025-02-2783.0293.66-1.90VMC ahead
2025-02-2684.5395.72-2.00VMC ahead
2025-02-2584.3995.44-2.00VMC ahead
2025-02-2484.4596.12-2.16VMC ahead
2025-02-2184.3196.61-2.34VMC ahead
2025-02-2087.1098.80-2.15VMC ahead
2025-02-1989.66101.24-2.07VMC ahead
2025-02-1891.91104.22-2.19VMC ahead
2025-02-1490.77103.34-2.32VMC ahead
2025-02-1391.51102.91-2.06VMC ahead
2025-02-1289.01100.80-2.26VMC ahead
2025-02-1191.05102.31-2.10VMC ahead
2025-02-1091.39102.61-2.11VMC ahead
2025-02-0792.70104.28-2.19VMC ahead
2025-02-0693.88105.92-2.29VMC ahead
2025-02-0592.94104.82-2.32VMC ahead
2025-02-0492.48103.95-2.27VMC ahead
2025-02-0392.25103.61-2.28VMC ahead
2025-01-3193.65104.75-2.21VMC ahead
2025-01-3094.03105.59-2.34VMC ahead
2025-01-2992.92104.00-2.29VMC ahead
2025-01-2893.32105.11-2.49VMC ahead
2025-01-2793.98105.07-2.33VMC ahead
2025-01-2494.42106.04-2.49VMC ahead
2025-01-2394.45105.01-2.25VMC ahead
2025-01-2294.61104.84-2.20VMC ahead
2025-01-2195.12105.28-2.20VMC ahead
2025-01-1793.38103.20-2.19VMC ahead
2025-01-1691.43102.85-2.71VMC ahead
2025-01-1591.44102.47-2.66VMC ahead
2025-01-1489.1099.37-2.57VMC ahead
2025-01-1388.3397.83-2.41VMC ahead
2025-01-1087.5696.17-2.20VMC ahead
2025-01-0889.0397.54-2.16VMC ahead
2025-01-0787.5596.28-2.30VMC ahead
2025-01-0689.0598.34-2.47VMC ahead
2025-01-0388.9398.25-2.52VMC ahead
2025-01-0287.8897.65-2.74VMC ahead
2024-12-3188.9098.28-2.64VMC ahead
2024-12-3089.5498.64-2.57VMC ahead
2024-12-2791.02100.24-2.61VMC ahead
2024-12-2691.57101.08-2.73VMC ahead
2024-12-2491.77100.99-2.68VMC ahead
2024-12-2391.53100.44-2.63VMC ahead
2024-12-2091.86100.54-2.59VMC ahead
2024-12-1990.4999.69-2.87VMC ahead
2024-12-1892.19101.21-2.80VMC ahead
2024-12-1793.77104.18-3.30VMC ahead
2024-12-1694.20105.84-3.81VMC ahead
2024-12-1394.82105.37-3.51VMC ahead
2024-12-1295.84106.26-3.52VMC ahead
2024-12-1196.42106.82-3.58VMC ahead
2024-12-1096.98105.57-2.96VMC ahead
2024-12-0998.92107.45-2.93VMC ahead
2024-12-06100.03109.61-3.36VMC ahead
2024-12-05100.24109.90-3.48VMC ahead
2024-12-04100.25109.14-3.26VMC ahead
2024-12-03101.33109.47-2.98VMC ahead
2024-12-02102.10109.68-2.78VMC ahead
2024-11-29103.27110.09-2.48VMC ahead
2024-11-27102.51109.43-2.58VMC ahead
2024-11-26102.75110.19-2.85VMC ahead
2024-11-25103.96110.95-2.67VMC ahead
2024-11-22102.89108.75-2.24VMC ahead
2024-11-21101.65107.44-2.27VMC ahead
2024-11-20100.73106.15-2.15VMC ahead
2024-11-19100.29106.22-2.43VMC ahead
2024-11-18100.11106.50-2.69VMC ahead
2024-11-15100.35106.71-2.70VMC ahead
2024-11-14101.20108.01-2.93VMC ahead
2024-11-13104.18109.93-2.38VMC ahead
2024-11-12104.44110.19-2.39VMC ahead
2024-11-11106.03111.58-2.29VMC ahead
2024-11-08106.64111.69-2.06VMC ahead
2024-11-07106.22111.03-1.96VMC ahead
2024-11-06106.25110.98-1.93VMC ahead
2024-11-05100.26104.18-1.66VMC ahead
2024-11-04100.17102.73-0.97VMC ahead
2024-11-0199.85103.31-1.43VMC ahead
2024-10-31101.95104.67-1.00VMC ahead
2024-10-30104.10105.54-0.34near the usual relationship
2024-10-29100.5099.17+1.00MLM ahead
2024-10-2899.5398.77+0.73MLM ahead
2024-10-2598.1498.02+0.43near the usual relationship
2024-10-2498.2297.87+0.54MLM ahead
2024-10-2396.8796.89+0.37near the usual relationship
2024-10-2296.5596.94+0.21near the usual relationship
2024-10-2199.4099.32+0.43near the usual relationship
2024-10-18100.00100.00+0.40near the usual relationship

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Mar 7, 2025 (MLM -3.3%, VMC -6.1%); Apr 30, 2025 (MLM +3.8%, VMC +6.9%); Feb 11, 2026 (MLM -6.6%, VMC -3.2%); Feb 17, 2026 (MLM -1.8%, VMC -7.8%); Jun 29, 2026 (MLM -5.7%, VMC -2.4%). Upcoming earnings: VMC Oct 29, 2026 (pre-market); MLM Nov 3, 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)

9 simulated trades to Oct 20, 2026: +1.43% per trade on average after costs, 6 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long MLM · Short VMCJun 2, 2026Jun 30, 2026divergence stop28-$580.31-$47.84-$629.30 (-6.29%)
Long VMC · Short MLMMar 5, 2026Apr 28, 2026converged54$627.60-$49.92$579.95 (+5.80%)
Long MLM · Short VMCNov 11, 2024Dec 5, 2024divergence stop24-$414.58-$46.18-$461.92 (-4.62%)
Long MLM · Short VMCOct 17, 2022Dec 20, 2022divergence stop64-$524.90-$55.25-$583.41 (-5.83%)
Long VMC · Short MLMAug 2, 2022Aug 8, 2022converged6$369.35-$65.85$303.80 (+3.04%)
Long MLM · Short VMCAug 7, 2020Oct 30, 2020converged84$932.07-$80.20$850.25 (+8.50%)
Long VMC · Short MLMAug 14, 2018Sep 19, 2018converged36$520.68-$48.35$472.93 (+4.73%)
Long VMC · Short MLMJul 17, 2018Jul 31, 2018converged14$369.30-$62.57$306.98 (+3.07%)
Long MLM · Short VMCNov 17, 2017Mar 20, 2018converged123$512.23-$59.69$450.11 (+4.50%)

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

MLM and VMC at a glance

MLM Martin Marietta Materials Inc.

Listing
NYSE · SEC CIK 916076
Industry
Mining & Quarrying of Nonmetallic Minerals (No Fuels) · SIC 1400 Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Market value
$35.6B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

VMC Vulcan Materials Company (Holding Company)

Listing
NYSE · SEC CIK 1396009
Industry
Mining & Quarrying of Nonmetallic Minerals (No Fuels) · SIC 1400 Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Market value
$33.4B
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
MLM / TECKWatchlistTECK by 0.76 sdMining & Quarrying of Nonmetallic Minerals (No Fuels)
VMC / TECKWatchlistTECK by 0.51 sdMining & Quarrying of Nonmetallic Minerals (No Fuels)

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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.