Medicinal Chemicals and Botanical Products

Altria Group Inc. vs Philip Morris International Inc

WatchlistMO / PMPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($313B vs $124B) in Nasdaq's " Medicinal Chemicals and Botanical Products " industry; SEC SIC 2111 / 2111 (same major group); #1 and #3 by market value ($313B vs $124B) with SEC SIC 2111 (Cigarettes).

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: 0.56 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -2.47 (needs <= -2.873 (5% critical value))
Business leadership

PM is the larger business

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

YearMOPMLarger
2025$23.3B$40.6BPM
2024$24.0B$37.9BPM
2023$24.5B$35.2BPM
2022$25.1B$31.8BPM
2021$26.0B$31.4BPM
2020$26.2B$28.7BPM

PM led in every year with figures for both. Market value: MO $123.7B, PM $313.4B.

Stock leadership

Neither is clearly ahead

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

The gap is 0.09 standard deviations, close to the usual relationship. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
MO+4.2%+13.3%+19.3%
PM+4.5%+19.2%+32.7%
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: 0.56 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.47 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 14.08 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

MO Altria Group Inc. PM Philip Morris International IncPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026MO 153PM 168
Spread z-score: MO relative to PM, against the 252 sessions before each day. Above 0: MO ahead; below 0: PM ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateMO indexPM indexzAhead
2026-10-22153.34167.82-0.09near the usual relationship
2026-10-21148.82164.26-0.25near the usual relationship
2026-10-20150.45166.29-0.28near the usual relationship
2026-10-19149.34167.25-0.52PM ahead
2026-10-16151.40170.70-0.64PM ahead
2026-10-15148.84166.29-0.49near the usual relationship
2026-10-14147.41171.02-1.16PM ahead
2026-10-13144.25165.78-1.00PM ahead
2026-10-12144.45168.04-1.22PM ahead
2026-10-09144.49167.37-1.15PM ahead
2026-10-08143.96166.79-1.16PM ahead
2026-10-07139.85160.29-0.98PM ahead
2026-10-06138.18158.39-0.99PM ahead
2026-10-05136.83157.67-1.09PM ahead
2026-10-02135.76155.94-1.04PM ahead
2026-10-01134.95156.54-1.22PM ahead
2026-09-30135.74158.74-1.37PM ahead
2026-09-29138.52161.30-1.31PM ahead
2026-09-28139.35161.18-1.20PM ahead
2026-09-25138.72158.46-0.99PM ahead
2026-09-24138.84159.30-1.08PM ahead
2026-09-23138.98158.76-1.01PM ahead
2026-09-22138.36158.25-1.04PM ahead
2026-09-21138.14155.96-0.82PM ahead
2026-09-18140.13156.91-0.69PM ahead
2026-09-17140.50158.46-0.82PM ahead
2026-09-16141.30159.48-0.84PM ahead
2026-09-15140.72161.48-1.13PM ahead
2026-09-14142.33162.10-1.01PM ahead
2026-09-11139.04158.94-1.08PM ahead
2026-09-10138.66157.87-1.02PM ahead
2026-09-09136.85154.49-0.88PM ahead
2026-09-08137.41153.67-0.72PM ahead
2026-09-04138.84151.84-0.34near the usual relationship
2026-09-03140.07154.87-0.54PM ahead
2026-09-02140.21156.34-0.69PM ahead
2026-09-01140.23155.69-0.62PM ahead
2026-08-31138.04155.81-0.91PM ahead
2026-08-28138.38159.63-1.29PM ahead
2026-08-27136.40158.46-1.43PM ahead
2026-08-26139.33161.47-1.40PM ahead
2026-08-25137.21161.32-1.66PM ahead
2026-08-24138.02159.27-1.35PM ahead
2026-08-21133.22156.58-1.69PM ahead
2026-08-20134.93159.32-1.79PM ahead
2026-08-19133.10158.00-1.90PM ahead
2026-08-18131.40156.08-1.94PM ahead
2026-08-17128.93153.50-2.00PM ahead
2026-08-14132.43158.38-2.11PM ahead
2026-08-13131.18157.15-2.17PM ahead
2026-08-12129.77154.89-2.13PM ahead
2026-08-11131.08154.91-1.97PM ahead
2026-08-10132.11154.73-1.82PM ahead
2026-08-07137.77157.70-1.39PM ahead
2026-08-06136.57156.43-1.42PM ahead
2026-08-05137.96157.17-1.32PM ahead
2026-08-04137.21155.49-1.22PM ahead
2026-08-03137.59155.90-1.23PM ahead
2026-07-31137.73158.74-1.56PM ahead
2026-07-30136.95159.72-1.80PM ahead
2026-07-29151.02165.08-0.55PM ahead
2026-07-28150.82166.52-0.74PM ahead
2026-07-27146.93162.77-0.81PM ahead
2026-07-24147.13160.55-0.51PM ahead
2026-07-23145.29158.99-0.56PM ahead
2026-07-22145.47161.63-0.82PM ahead
2026-07-21147.13156.43+0.01near the usual relationship
2026-07-20150.49160.32-0.01near the usual relationship
2026-07-17149.59160.54-0.13near the usual relationship
2026-07-16147.21157.92-0.11near the usual relationship
2026-07-15142.15150.47+0.13near the usual relationship
2026-07-14141.42146.37+0.52MO ahead
2026-07-13144.87149.90+0.53MO ahead
2026-07-10144.71151.09+0.39near the usual relationship
2026-07-09144.31150.71+0.39near the usual relationship
2026-07-08146.76155.62+0.16near the usual relationship
2026-07-07147.07156.22+0.14near the usual relationship
2026-07-06144.89153.70+0.17near the usual relationship
2026-07-02146.56151.63+0.56MO ahead
2026-07-01144.20147.82+0.70MO ahead
2026-06-30145.03150.49+0.52MO ahead
2026-06-29149.26152.13+0.80MO ahead
2026-06-26148.74150.38+0.92MO ahead
2026-06-25147.57148.85+0.96MO ahead
2026-06-24145.27148.72+0.75MO ahead
2026-06-23144.35148.65+0.67MO ahead
2026-06-22140.11144.06+0.70MO ahead
2026-06-18139.33148.41+0.21near the usual relationship
2026-06-17138.98149.27+0.10near the usual relationship
2026-06-16141.48153.12+0.01near the usual relationship
2026-06-15140.27151.24+0.07near the usual relationship
2026-06-12145.01153.32+0.34near the usual relationship
2026-06-11143.94150.38+0.50MO ahead
2026-06-10147.41152.19+0.67MO ahead
2026-06-09144.25148.48+0.71MO ahead
2026-06-08143.70146.46+0.85MO ahead
2026-06-05145.52148.32+0.85MO ahead
2026-06-04142.31145.57+0.81MO ahead
2026-06-03141.71146.36+0.69MO ahead
2026-06-02139.57144.46+0.67MO ahead
2026-06-01138.38143.63+0.64MO ahead
2026-05-29140.25147.56+0.48near the usual relationship
2026-05-28145.07148.55+0.83MO ahead
2026-05-27145.35151.43+0.61MO ahead
2026-05-26145.88151.01+0.70MO ahead
2026-05-22148.96157.22+0.46near the usual relationship
2026-05-21148.58156.78+0.47near the usual relationship
2026-05-20147.81156.92+0.40near the usual relationship
2026-05-19149.16159.36+0.33near the usual relationship
2026-05-18148.60159.30+0.29near the usual relationship
2026-05-15147.33157.73+0.31near the usual relationship
2026-05-14145.96159.60+0.05near the usual relationship
2026-05-13144.20156.32+0.17near the usual relationship
2026-05-12140.88155.50-0.05near the usual relationship
2026-05-11138.30151.49+0.04near the usual relationship
2026-05-08137.31142.24+0.73MO ahead
2026-05-07139.17142.34+0.90MO ahead
2026-05-06141.44141.86+1.15MO ahead
2026-05-05146.72140.97+1.69MO ahead
2026-05-04147.97140.75+1.83MO ahead
2026-05-01150.27138.41+2.26MO ahead
2026-04-30146.44137.32+2.07MO ahead
2026-04-29137.47135.35+1.47MO ahead
2026-04-28136.67138.00+1.16MO ahead
2026-04-27133.04133.85+1.21MO ahead
2026-04-24134.81136.59+1.13MO ahead
2026-04-23135.36140.75+0.81MO ahead
2026-04-22131.38136.39+0.84MO ahead
2026-04-21130.32127.49+1.60MO ahead
2026-04-20130.24131.06+1.26MO ahead
2026-04-17129.35131.26+1.16MO ahead
2026-04-16130.90129.97+1.45MO ahead
2026-04-15129.85130.76+1.28MO ahead
2026-04-14132.27132.66+1.34MO ahead
2026-04-13134.67135.39+1.32MO ahead
2026-04-10135.82133.47+1.63MO ahead
2026-04-09135.98134.14+1.59MO ahead
2026-04-08134.65133.88+1.50MO ahead
2026-04-07133.54131.01+1.70MO ahead
2026-04-06134.15133.38+1.53MO ahead
2026-04-02132.55131.52+1.57MO ahead
2026-04-01131.99130.88+1.59MO ahead
2026-03-31133.02137.54+1.04MO ahead
2026-03-30135.09137.12+1.30MO ahead
2026-03-27134.01136.05+1.30MO ahead
2026-03-26130.26135.17+1.01MO ahead
2026-03-25128.56137.68+0.59MO ahead
2026-03-24129.65136.32+0.84MO ahead
2026-03-23129.79135.80+0.91MO ahead
2026-03-20129.95135.69+0.94MO ahead
2026-03-19131.16135.90+1.05MO ahead
2026-03-18131.28138.21+0.84MO ahead
2026-03-17134.99143.77+0.68MO ahead
2026-03-16136.12145.40+0.64MO ahead
2026-03-13136.85145.30+0.72MO ahead
2026-03-12136.50143.08+0.90MO ahead
2026-03-11133.72138.79+1.03MO ahead
2026-03-10135.34143.81+0.71MO ahead
2026-03-09135.13144.12+0.67MO ahead
2026-03-06134.07141.40+0.82MO ahead
2026-03-05135.01141.17+0.95MO ahead
2026-03-04137.31148.94+0.45near the usual relationship
2026-03-03138.86148.02+0.69MO ahead
2026-03-02138.46152.92+0.21near the usual relationship
2026-02-27139.17155.42+0.06near the usual relationship
2026-02-26140.03155.98+0.10near the usual relationship
2026-02-25140.50157.89-0.02near the usual relationship
2026-02-24139.59155.56+0.09near the usual relationship
2026-02-23139.04155.74+0.02near the usual relationship
2026-02-20136.20152.57+0.03near the usual relationship
2026-02-19137.05152.65+0.11near the usual relationship
2026-02-18134.59151.96-0.08near the usual relationship
2026-02-17134.13152.77-0.20near the usual relationship
2026-02-13135.56155.99-0.34near the usual relationship
2026-02-12135.07157.18-0.49near the usual relationship
2026-02-11132.88154.95-0.52PM ahead
2026-02-10129.81151.98-0.58PM ahead
2026-02-09129.81151.26-0.52PM ahead
2026-02-06131.83152.08-0.38near the usual relationship
2026-02-05131.81151.40-0.33near the usual relationship
2026-02-04131.34150.06-0.26near the usual relationship
2026-02-03129.33147.24-0.22near the usual relationship
2026-02-02125.44149.69-0.86PM ahead
2026-01-30124.95149.27-0.89PM ahead
2026-01-29120.46147.98-1.27PM ahead
2026-01-28127.25148.57-0.59PM ahead
2026-01-27128.24148.81-0.52PM ahead
2026-01-26126.95146.21-0.42near the usual relationship
2026-01-23124.79143.93-0.45near the usual relationship
2026-01-22123.02141.46-0.41near the usual relationship
2026-01-21123.12140.43-0.31near the usual relationship
2026-01-20123.26139.07-0.17near the usual relationship
2026-01-16124.49144.43-0.54PM ahead
2026-01-15124.13143.55-0.51PM ahead
2026-01-14123.91142.32-0.43near the usual relationship
2026-01-13121.25137.97-0.31near the usual relationship
2026-01-12118.00137.39-0.61PM ahead
2026-01-09115.96135.27-0.64PM ahead
2026-01-08112.68132.11-0.71PM ahead
2026-01-07110.30129.07-0.69PM ahead
2026-01-06111.19129.07-0.60PM ahead
2026-01-05113.49132.98-0.72PM ahead
2026-01-02115.52133.35-0.54PM ahead
2025-12-31116.23133.43-0.48near the usual relationship
2025-12-30116.45134.72-0.58PM ahead
2025-12-29116.15134.71-0.62PM ahead
2025-12-26116.11133.97-0.56PM ahead
2025-12-24118.89135.30-0.40near the usual relationship
2025-12-23118.42134.81-0.41near the usual relationship
2025-12-22118.14132.85-0.28near the usual relationship
2025-12-19117.05130.47-0.18near the usual relationship
2025-12-18117.70130.86-0.16near the usual relationship
2025-12-17119.29131.94-0.10near the usual relationship
2025-12-16119.59131.40-0.03near the usual relationship
2025-12-15119.11131.78-0.12near the usual relationship
2025-12-12118.42127.82+0.16near the usual relationship
2025-12-11118.36125.57+0.35near the usual relationship
2025-12-10118.30124.59+0.43near the usual relationship
2025-12-09117.27125.09+0.28near the usual relationship
2025-12-08117.13123.36+0.41near the usual relationship
2025-12-05116.89122.96+0.42near the usual relationship
2025-12-04117.60123.60+0.42near the usual relationship
2025-12-03117.74126.20+0.20near the usual relationship
2025-12-02118.56128.62+0.06near the usual relationship
2025-12-01119.21129.90+0.01near the usual relationship
2025-11-28118.95131.00-0.12near the usual relationship
2025-11-26118.30130.18-0.11near the usual relationship
2025-11-25117.60130.95-0.25near the usual relationship
2025-11-24115.56125.66+0.00near the usual relationship
2025-11-21117.29129.14-0.14near the usual relationship
2025-11-20117.27129.48-0.17near the usual relationship
2025-11-19118.14129.45-0.10near the usual relationship
2025-11-18118.81129.65-0.06near the usual relationship
2025-11-17117.17127.08+0.00near the usual relationship
2025-11-14117.29129.30-0.18near the usual relationship
2025-11-13116.53129.07-0.23near the usual relationship
2025-11-12117.01129.41-0.22near the usual relationship
2025-11-11117.74130.44-0.24near the usual relationship
2025-11-10116.00129.00-0.29near the usual relationship
2025-11-07116.97127.60-0.09near the usual relationship
2025-11-06115.44124.70+0.01near the usual relationship
2025-11-05115.22123.45+0.09near the usual relationship
2025-11-04115.52122.84+0.16near the usual relationship
2025-11-03114.23120.29+0.27near the usual relationship
2025-10-31113.65120.06+0.23near the usual relationship
2025-10-30115.16121.25+0.27near the usual relationship
2025-10-29124.91122.09+1.04MO ahead
2025-10-28127.55124.62+1.05MO ahead
2025-10-27128.48127.45+0.90MO ahead
2025-10-24130.36131.12+0.76MO ahead
2025-10-23130.16131.19+0.74MO ahead
2025-10-22129.87130.49+0.77MO ahead
2025-10-21128.50126.45+0.99MO ahead
2025-10-20129.81131.49+0.69MO ahead
2025-10-17131.12131.49+0.79MO ahead
2025-10-16129.53129.76+0.80MO ahead
2025-10-15130.76131.21+0.78MO ahead
2025-10-14131.83132.33+0.78MO ahead
2025-10-13130.92132.66+0.68MO ahead
2025-10-10134.13133.49+0.87MO ahead
2025-10-09132.47130.48+0.97MO ahead
2025-10-08131.87129.17+1.03MO ahead
2025-10-07134.35128.57+1.27MO ahead
2025-10-06131.77127.73+1.14MO ahead
2025-10-03132.49127.50+1.22MO ahead
2025-10-02132.53131.36+0.91MO ahead
2025-10-01133.62133.82+0.80MO ahead
2025-09-30133.16134.93+0.68MO ahead
2025-09-29132.37135.59+0.56MO ahead
2025-09-26132.45137.17+0.45near the usual relationship
2025-09-25131.40136.43+0.42near the usual relationship
2025-09-24131.28135.60+0.47near the usual relationship
2025-09-23130.76136.24+0.38near the usual relationship
2025-09-22128.58134.75+0.31near the usual relationship
2025-09-19130.80135.55+0.43near the usual relationship
2025-09-18128.89134.56+0.35near the usual relationship
2025-09-17132.05138.34+0.31near the usual relationship
2025-09-16130.64135.56+0.40near the usual relationship
2025-09-15130.80134.46+0.50MO ahead
2025-09-12134.35138.18+0.49near the usual relationship
2025-09-11133.76139.67+0.33near the usual relationship
2025-09-10133.50137.52+0.47near the usual relationship
2025-09-09133.42137.04+0.49near the usual relationship
2025-09-08132.57135.36+0.55MO ahead
2025-09-05134.15134.39+0.74MO ahead
2025-09-04134.23134.06+0.76MO ahead
2025-09-03134.31135.78+0.64MO ahead
2025-09-02135.32139.26+0.45near the usual relationship
2025-08-29135.48139.03+0.48near the usual relationship
2025-08-28133.88137.90+0.44near the usual relationship
2025-08-27133.86136.59+0.53MO ahead
2025-08-26133.94138.66+0.38near the usual relationship
2025-08-25135.15139.23+0.42near the usual relationship
2025-08-22136.40142.87+0.25near the usual relationship
2025-08-21136.42145.15+0.10near the usual relationship
2025-08-20136.22143.79+0.17near the usual relationship
2025-08-19134.17140.40+0.25near the usual relationship
2025-08-18133.02138.59+0.29near the usual relationship
2025-08-15132.67138.25+0.28near the usual relationship
2025-08-14132.13137.48+0.29near the usual relationship
2025-08-13132.03137.99+0.24near the usual relationship
2025-08-12133.06140.25+0.16near the usual relationship
2025-08-11132.37141.69+0.01near the usual relationship
2025-08-08129.39141.57-0.21near the usual relationship
2025-08-07128.10139.90-0.20near the usual relationship
2025-08-06127.29138.92-0.19near the usual relationship
2025-08-05126.02136.54-0.13near the usual relationship
2025-08-04124.85135.59-0.16near the usual relationship
2025-08-01124.53135.56-0.18near the usual relationship
2025-07-31124.85136.47-0.23near the usual relationship
2025-07-30123.97134.91-0.19near the usual relationship
2025-07-29119.65135.39-0.56PM ahead
2025-07-28118.36131.25-0.38near the usual relationship
2025-07-25120.62133.87-0.39near the usual relationship
2025-07-24120.16134.00-0.45near the usual relationship
2025-07-23120.48136.99-0.63PM ahead
2025-07-22119.81137.48-0.72PM ahead
2025-07-21118.77150.14-1.63PM ahead
2025-07-18116.95148.68-1.70PM ahead
2025-07-17116.87149.05-1.74PM ahead
2025-07-16118.65152.46-1.83PM ahead
2025-07-15117.88150.50-1.79PM ahead
2025-07-14117.17150.36-1.85PM ahead
2025-07-11116.51149.66-1.88PM ahead
2025-07-10118.02150.56-1.83PM ahead
2025-07-09116.41148.06-1.82PM ahead
2025-07-08120.02147.84-1.54PM ahead
2025-07-07121.45150.74-1.62PM ahead
2025-07-03120.24148.81-1.61PM ahead
2025-07-02119.27146.34-1.54PM ahead
2025-07-01117.19147.68-1.81PM ahead
2025-06-30118.18151.51-2.00PM ahead
2025-06-27118.42150.59-1.94PM ahead
2025-06-26118.50150.29-1.94PM ahead
2025-06-25118.81149.41-1.87PM ahead
2025-06-24120.76153.47-2.00PM ahead
2025-06-23121.93153.86-1.95PM ahead
2025-06-20120.44152.47-2.01PM ahead
2025-06-18119.92151.91-2.04PM ahead
2025-06-17118.91152.62-2.20PM ahead
2025-06-16118.52152.47-2.25PM ahead
2025-06-13120.56153.34-2.16PM ahead
2025-06-12120.78153.15-2.16PM ahead
2025-06-11120.76152.54-2.15PM ahead
2025-06-10118.04148.93-2.16PM ahead
2025-06-09119.07150.26-2.19PM ahead
2025-06-06119.41151.18-2.26PM ahead
2025-06-05119.71151.37-2.27PM ahead
2025-06-04119.55150.29-2.24PM ahead
2025-06-03121.69151.71-2.18PM ahead
2025-06-02122.21152.03-2.18PM ahead
2025-05-30122.17150.23-2.08PM ahead
2025-05-29119.90147.97-2.15PM ahead
2025-05-28119.90148.73-2.23PM ahead
2025-05-27120.18149.10-2.26PM ahead
2025-05-23120.42148.23-2.20PM ahead
2025-05-22119.53145.77-2.13PM ahead
2025-05-21119.83145.28-2.08PM ahead
2025-05-20120.74144.85-1.99PM ahead
2025-05-19119.88144.06-2.03PM ahead
2025-05-16118.71141.79-1.98PM ahead
2025-05-15117.03140.70-2.08PM ahead
2025-05-14113.55136.45-2.10PM ahead
2025-05-13113.83136.28-2.09PM ahead
2025-05-12114.80137.12-2.09PM ahead
2025-05-09119.79141.17-1.95PM ahead
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2025-05-07122.78145.88-2.10PM ahead
2025-05-06121.91144.81-2.12PM ahead
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2025-05-02120.16142.13-2.12PM ahead
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2025-04-30119.23142.55-2.31PM ahead
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2025-04-25117.44141.62-2.53PM ahead
2025-04-24118.34141.48-2.46PM ahead
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2025-04-21116.17134.91-2.18PM ahead
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2025-04-11114.19128.02-1.82PM ahead
2025-04-10113.65125.75-1.66PM ahead
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2025-04-07112.20125.80-1.90PM ahead
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2025-04-03116.69134.82-2.35PM ahead
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2025-04-01118.50131.51-1.84PM ahead
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2025-03-27117.52128.95-1.72PM ahead
2025-03-26116.41128.38-1.81PM ahead
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2025-03-20117.09126.84-1.62PM ahead
2025-03-19116.81128.35-1.84PM ahead
2025-03-18117.60127.98-1.72PM ahead
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2025-03-13118.02125.19-1.40PM ahead
2025-03-12116.53125.88-1.67PM ahead
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2025-03-10118.91125.27-1.34PM ahead
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2025-03-06114.92127.73-2.16PM ahead
2025-03-05112.78127.39-2.44PM ahead
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2025-03-03115.52132.09-2.71PM ahead
2025-02-28112.58129.17-2.81PM ahead
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2025-02-26110.56128.72-3.17PM ahead
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2025-02-21110.97128.44-3.32PM ahead
2025-02-20109.51126.09-3.32PM ahead
2025-02-19107.52124.62-3.53PM ahead
2025-02-18106.33123.78-3.72PM ahead
2025-02-14107.42125.16-3.86PM ahead
2025-02-13108.08124.10-3.69PM ahead
2025-02-12107.52124.69-4.02PM ahead
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2025-02-10108.53121.93-3.61PM ahead
2025-02-07106.15120.13-3.89PM ahead
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2025-02-05105.99108.96-1.94PM ahead
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2025-01-17104.54101.15-0.72PM ahead
2025-01-16103.1299.66-0.70PM ahead
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2025-01-14103.5398.55-0.34near the usual relationship
2025-01-13102.5097.79-0.39near the usual relationship
2025-01-10102.5497.45-0.30near the usual relationship
2025-01-08103.79101.37-0.96PM ahead
2025-01-07103.73100.99-0.88PM ahead
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2025-01-03107.12101.51-0.24near the usual relationship
2025-01-02105.85100.74-0.34near the usual relationship
2024-12-31105.40100.12-0.29near the usual relationship
2024-12-30104.9899.83-0.32near the usual relationship
2024-12-27105.58101.03-0.47near the usual relationship
2024-12-26106.03101.25-0.42near the usual relationship
2024-12-24107.78102.25-0.26near the usual relationship
2024-12-23108.00102.97-0.38near the usual relationship
2024-12-20108.53103.34-0.35near the usual relationship
2024-12-19106.81101.63-0.34near the usual relationship
2024-12-18107.34103.61-0.68PM ahead
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2024-12-16110.26104.77-0.31near the usual relationship
2024-12-13110.70105.33-0.35near the usual relationship
2024-12-12110.84105.65-0.39near the usual relationship
2024-12-11110.24105.50-0.49near the usual relationship
2024-12-10111.85107.30-0.55PM ahead
2024-12-09112.60107.07-0.35near the usual relationship
2024-12-06115.54108.61-0.08near the usual relationship
2024-12-05114.71110.22-0.60PM ahead
2024-12-04113.79108.54-0.44near the usual relationship
2024-12-03114.69107.89-0.11near the usual relationship
2024-12-02115.26108.99-0.24near the usual relationship
2024-11-29116.39110.69-0.37near the usual relationship
2024-11-27116.21109.66-0.19near the usual relationship
2024-11-26116.09110.04-0.30near the usual relationship
2024-11-25114.39108.73-0.36near the usual relationship
2024-11-22114.35108.14-0.24near the usual relationship
2024-11-21112.94109.15-0.76PM ahead
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2024-11-19112.60107.76-0.54PM ahead
2024-11-18113.57109.57-0.73PM ahead
2024-11-15112.74106.97-0.34near the usual relationship
2024-11-14111.65106.65-0.50PM ahead
2024-11-13111.37104.18+0.00near the usual relationship
2024-11-12109.74103.34-0.16near the usual relationship
2024-11-11108.71103.94-0.53PM ahead
2024-11-08108.95105.02-0.73PM ahead
2024-11-07107.92102.97-0.49near the usual relationship
2024-11-06109.43104.24-0.45near the usual relationship
2024-11-05109.23109.97-1.79PM ahead
2024-11-04108.61108.42-1.60PM ahead
2024-11-01108.59108.68-1.68PM ahead
2024-10-31109.78110.39-1.82PM ahead
2024-10-30101.79109.90-3.66PM ahead
2024-10-29100.69109.45-3.97PM ahead
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2024-10-25100.20108.03-3.98PM ahead
2024-10-24100.67110.47-4.66PM ahead
2024-10-23100.38109.32-4.64PM ahead
2024-10-22100.91109.32-4.69PM ahead
2024-10-2198.8998.96-2.30PM ahead
2024-10-18100.00100.00-2.31PM ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 31, 2024 (MO +7.8%, PM +0.5%); Nov 6, 2024 (MO +0.2%, PM -5.2%); Feb 6, 2025 (MO +0.1%, PM +10.9%); Jul 22, 2025 (MO +0.9%, PM -8.4%); Oct 30, 2025 (MO -7.8%, PM -0.7%); Jul 30, 2026 (MO -9.3%, PM -3.3%). Upcoming earnings: MO Oct 29, 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

MO and PM at a glance

MO Altria Group Inc.

Listing
NYSE · SEC CIK 764180
Industry
Medicinal Chemicals and Botanical Products · SIC 2111 Cigarettes
Market value
$123.7B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

PM Philip Morris International Inc

Listing
NYSE · SEC CIK 1413329
Industry
Medicinal Chemicals and Botanical Products · SIC 2111 Cigarettes
Market value
$313.4B
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
BTI / MOWatchlistMO by 1.48 sd Medicinal Chemicals and Botanical Products
PM / BTIWatchlistPM by 1.32 sd Medicinal Chemicals and Botanical Products

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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.