Nike Inc. vs On Holding AG
WatchlistNKE / ONONPrices through Oct 22, 2026
Why these are rivals: #1 and #2 by market value ($55B vs $21B) in Nasdaq's "Shoe Manufacturing" industry; SEC SIC 3021 / 3021 (same major group); #1 and #2 by market value ($55B vs $21B) with SEC SIC 3021 (Rubber & Plastics Footwear).
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: -2.29 (needs <= -2.873 (5% critical value))
Business leadership
Business size
Annual revenue reported to the SEC. Scale, not market share.
| Year | NKE | ONON | Larger |
|---|---|---|---|
| 2025 | $46.4B | - | - |
| 2024 | $46.3B | - | - |
| 2023 | $51.4B | - | - |
| 2022 | $51.2B | - | - |
| 2021 | $46.7B | - | - |
| 2020 | $44.5B | - | - |
Market value: NKE $55.3B, ONON $21.4B.
Stock leadership
ONON is ahead now
Measured against the pair's own last 252 trading days.
ONON leads NKE by 1.17 standard deviations: +15.2% over its usual price ratio. 3 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| NKE | -8.1% | -14.4% | -43.9% |
| ONON | -5.1% | -6.1% | -20.8% |
Relationship
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 1282 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.35 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.29 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 18.67 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
NKE Nike Inc. ONON On Holding AGPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: NKE relative to ONON, against the 252 sessions before each day. Above 0: NKE ahead; below 0: ONON ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | NKE index | ONON index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 46.21 | 70.35 | -1.17 | ONON ahead |
| 2026-10-21 | 45.26 | 70.80 | -1.41 | ONON ahead |
| 2026-10-20 | 45.68 | 73.29 | -1.63 | ONON ahead |
| 2026-10-19 | 44.87 | 73.27 | -1.79 | ONON ahead |
| 2026-10-16 | 44.78 | 71.90 | -1.66 | ONON ahead |
| 2026-10-15 | 44.79 | 72.81 | -1.78 | ONON ahead |
| 2026-10-14 | 42.57 | 73.45 | -2.30 | ONON ahead |
| 2026-10-13 | 42.61 | 73.43 | -2.32 | ONON ahead |
| 2026-10-12 | 42.63 | 73.14 | -2.31 | ONON ahead |
| 2026-10-09 | 41.86 | 72.61 | -2.43 | ONON ahead |
| 2026-10-08 | 41.90 | 70.43 | -2.19 | ONON ahead |
| 2026-10-07 | 41.44 | 68.74 | -2.09 | ONON ahead |
| 2026-10-06 | 41.74 | 68.55 | -2.02 | ONON ahead |
| 2026-10-05 | 40.96 | 65.96 | -1.87 | ONON ahead |
| 2026-10-02 | 40.85 | 63.83 | -1.62 | ONON ahead |
| 2026-10-01 | 42.39 | 62.49 | -1.14 | ONON ahead |
| 2026-09-30 | 42.69 | 61.27 | -0.92 | ONON ahead |
| 2026-09-29 | 43.22 | 61.14 | -0.81 | ONON ahead |
| 2026-09-28 | 43.89 | 62.07 | -0.81 | ONON ahead |
| 2026-09-25 | 43.11 | 61.99 | -0.95 | ONON ahead |
| 2026-09-24 | 43.40 | 63.03 | -1.04 | ONON ahead |
| 2026-09-23 | 43.48 | 62.40 | -0.96 | ONON ahead |
| 2026-09-22 | 43.54 | 60.81 | -0.74 | ONON ahead |
| 2026-09-21 | 43.54 | 56.53 | -0.14 | near the usual relationship |
| 2026-09-18 | 42.82 | 56.40 | -0.27 | near the usual relationship |
| 2026-09-17 | 43.85 | 56.55 | -0.10 | near the usual relationship |
| 2026-09-16 | 43.15 | 56.18 | -0.19 | near the usual relationship |
| 2026-09-15 | 43.68 | 55.37 | +0.02 | near the usual relationship |
| 2026-09-14 | 44.68 | 56.84 | -0.01 | near the usual relationship |
| 2026-09-11 | 44.38 | 56.71 | -0.06 | near the usual relationship |
| 2026-09-10 | 44.16 | 55.56 | +0.06 | near the usual relationship |
| 2026-09-09 | 45.04 | 55.53 | +0.21 | near the usual relationship |
| 2026-09-08 | 45.95 | 56.42 | +0.24 | near the usual relationship |
| 2026-09-04 | 46.31 | 57.91 | +0.09 | near the usual relationship |
| 2026-09-03 | 46.76 | 58.68 | +0.05 | near the usual relationship |
| 2026-09-02 | 46.12 | 57.52 | +0.10 | near the usual relationship |
| 2026-09-01 | 45.97 | 57.38 | +0.08 | near the usual relationship |
| 2026-08-31 | 47.11 | 58.97 | +0.05 | near the usual relationship |
| 2026-08-28 | 47.76 | 59.69 | +0.06 | near the usual relationship |
| 2026-08-27 | 46.36 | 59.90 | -0.20 | near the usual relationship |
| 2026-08-26 | 46.54 | 60.48 | -0.25 | near the usual relationship |
| 2026-08-25 | 47.61 | 59.65 | +0.02 | near the usual relationship |
| 2026-08-24 | 49.14 | 61.06 | +0.07 | near the usual relationship |
| 2026-08-21 | 49.16 | 62.11 | -0.06 | near the usual relationship |
| 2026-08-20 | 48.49 | 61.87 | -0.13 | near the usual relationship |
| 2026-08-19 | 49.51 | 64.68 | -0.31 | near the usual relationship |
| 2026-08-18 | 48.31 | 64.20 | -0.44 | near the usual relationship |
| 2026-08-17 | 47.14 | 64.78 | -0.69 | ONON ahead |
| 2026-08-14 | 49.12 | 66.67 | -0.60 | ONON ahead |
| 2026-08-13 | 49.72 | 65.36 | -0.38 | near the usual relationship |
| 2026-08-12 | 48.85 | 64.16 | -0.38 | near the usual relationship |
| 2026-08-11 | 49.83 | 63.96 | -0.22 | near the usual relationship |
| 2026-08-10 | 50.78 | 80.24 | -1.71 | ONON ahead |
| 2026-08-07 | 50.29 | 77.70 | -1.57 | ONON ahead |
| 2026-08-06 | 50.65 | 77.26 | -1.49 | ONON ahead |
| 2026-08-05 | 51.19 | 79.02 | -1.59 | ONON ahead |
| 2026-08-04 | 50.08 | 77.82 | -1.65 | ONON ahead |
| 2026-08-03 | 51.42 | 78.52 | -1.54 | ONON ahead |
| 2026-07-31 | 50.30 | 74.98 | -1.38 | ONON ahead |
| 2026-07-30 | 51.00 | 76.76 | -1.46 | ONON ahead |
| 2026-07-29 | 52.12 | 78.44 | -1.48 | ONON ahead |
| 2026-07-28 | 51.92 | 78.40 | -1.52 | ONON ahead |
| 2026-07-27 | 50.82 | 76.68 | -1.52 | ONON ahead |
| 2026-07-24 | 50.29 | 74.12 | -1.36 | ONON ahead |
| 2026-07-23 | 49.43 | 72.09 | -1.29 | ONON ahead |
| 2026-07-22 | 50.90 | 75.83 | -1.46 | ONON ahead |
| 2026-07-21 | 51.81 | 77.05 | -1.46 | ONON ahead |
| 2026-07-20 | 52.42 | 77.90 | -1.47 | ONON ahead |
| 2026-07-17 | 52.77 | 76.97 | -1.34 | ONON ahead |
| 2026-07-16 | 53.75 | 79.04 | -1.41 | ONON ahead |
| 2026-07-15 | 51.58 | 77.51 | -1.58 | ONON ahead |
| 2026-07-14 | 51.69 | 78.09 | -1.64 | ONON ahead |
| 2026-07-13 | 52.77 | 78.46 | -1.53 | ONON ahead |
| 2026-07-10 | 53.51 | 79.74 | -1.56 | ONON ahead |
| 2026-07-09 | 51.59 | 76.08 | -1.49 | ONON ahead |
| 2026-07-08 | 51.72 | 75.27 | -1.40 | ONON ahead |
| 2026-07-07 | 52.11 | 75.77 | -1.40 | ONON ahead |
| 2026-07-06 | 52.27 | 76.29 | -1.45 | ONON ahead |
| 2026-07-02 | 53.17 | 76.21 | -1.31 | ONON ahead |
| 2026-07-01 | 51.93 | 73.58 | -1.23 | ONON ahead |
| 2026-06-30 | 49.51 | 73.29 | -1.59 | ONON ahead |
| 2026-06-29 | 50.02 | 73.29 | -1.51 | ONON ahead |
| 2026-06-26 | 49.14 | 76.70 | -2.02 | ONON ahead |
| 2026-06-25 | 49.32 | 75.69 | -1.89 | ONON ahead |
| 2026-06-24 | 50.43 | 76.39 | -1.79 | ONON ahead |
| 2026-06-23 | 51.11 | 72.71 | -1.28 | ONON ahead |
| 2026-06-22 | 52.09 | 74.92 | -1.37 | ONON ahead |
| 2026-06-18 | 54.51 | 80.45 | -1.57 | ONON ahead |
| 2026-06-17 | 53.29 | 78.05 | -1.51 | ONON ahead |
| 2026-06-16 | 54.32 | 78.75 | -1.43 | ONON ahead |
| 2026-06-15 | 54.51 | 80.05 | -1.52 | ONON ahead |
| 2026-06-12 | 54.18 | 79.83 | -1.54 | ONON ahead |
| 2026-06-11 | 55.43 | 81.13 | -1.49 | ONON ahead |
| 2026-06-10 | 53.01 | 78.63 | -1.59 | ONON ahead |
| 2026-06-09 | 53.85 | 79.14 | -1.51 | ONON ahead |
| 2026-06-08 | 52.13 | 76.78 | -1.52 | ONON ahead |
| 2026-06-05 | 51.83 | 76.72 | -1.55 | ONON ahead |
| 2026-06-04 | 52.60 | 77.53 | -1.51 | ONON ahead |
| 2026-06-03 | 52.83 | 77.63 | -1.47 | ONON ahead |
| 2026-06-02 | 52.74 | 79.29 | -1.63 | ONON ahead |
| 2026-06-01 | 55.39 | 82.00 | -1.50 | ONON ahead |
| 2026-05-29 | 55.75 | 84.46 | -1.66 | ONON ahead |
| 2026-05-28 | 57.13 | 82.25 | -1.26 | ONON ahead |
| 2026-05-27 | 55.45 | 81.98 | -1.45 | ONON ahead |
| 2026-05-26 | 54.20 | 83.43 | -1.74 | ONON ahead |
| 2026-05-22 | 53.87 | 82.37 | -1.68 | ONON ahead |
| 2026-05-21 | 53.53 | 81.09 | -1.60 | ONON ahead |
| 2026-05-20 | 53.29 | 78.32 | -1.37 | ONON ahead |
| 2026-05-19 | 51.16 | 77.26 | -1.56 | ONON ahead |
| 2026-05-18 | 51.34 | 78.83 | -1.67 | ONON ahead |
| 2026-05-15 | 50.51 | 77.09 | -1.62 | ONON ahead |
| 2026-05-14 | 50.68 | 76.23 | -1.51 | ONON ahead |
| 2026-05-13 | 51.06 | 73.23 | -1.17 | ONON ahead |
| 2026-05-12 | 51.07 | 70.00 | -0.84 | ONON ahead |
| 2026-05-11 | 51.12 | 70.43 | -0.87 | ONON ahead |
| 2026-05-08 | 53.23 | 72.92 | -0.83 | ONON ahead |
| 2026-05-07 | 53.56 | 73.76 | -0.86 | ONON ahead |
| 2026-05-06 | 52.92 | 74.61 | -1.03 | ONON ahead |
| 2026-05-05 | 51.93 | 71.57 | -0.87 | ONON ahead |
| 2026-05-04 | 51.97 | 70.95 | -0.80 | ONON ahead |
| 2026-05-01 | 53.55 | 71.47 | -0.63 | ONON ahead |
| 2026-04-30 | 53.50 | 73.68 | -0.85 | ONON ahead |
| 2026-04-29 | 53.53 | 73.10 | -0.79 | ONON ahead |
| 2026-04-28 | 54.31 | 73.31 | -0.71 | ONON ahead |
| 2026-04-27 | 54.44 | 74.34 | -0.79 | ONON ahead |
| 2026-04-24 | 53.90 | 75.01 | -0.93 | ONON ahead |
| 2026-04-23 | 54.00 | 74.94 | -0.91 | ONON ahead |
| 2026-04-22 | 55.09 | 75.73 | -0.85 | ONON ahead |
| 2026-04-21 | 55.95 | 76.00 | -0.77 | ONON ahead |
| 2026-04-20 | 56.05 | 77.07 | -0.85 | ONON ahead |
| 2026-04-17 | 55.51 | 76.45 | -0.87 | ONON ahead |
| 2026-04-16 | 55.11 | 73.29 | -0.62 | ONON ahead |
| 2026-04-15 | 54.80 | 73.31 | -0.66 | ONON ahead |
| 2026-04-14 | 53.30 | 73.62 | -0.89 | ONON ahead |
| 2026-04-13 | 51.75 | 70.74 | -0.81 | ONON ahead |
| 2026-04-10 | 51.40 | 69.42 | -0.73 | ONON ahead |
| 2026-04-09 | 53.06 | 71.26 | -0.69 | ONON ahead |
| 2026-04-08 | 52.01 | 69.96 | -0.71 | ONON ahead |
| 2026-04-07 | 51.48 | 66.65 | -0.44 | near the usual relationship |
| 2026-04-06 | 53.10 | 69.67 | -0.54 | ONON ahead |
| 2026-04-02 | 53.29 | 68.34 | -0.38 | near the usual relationship |
| 2026-04-01 | 53.82 | 71.94 | -0.68 | ONON ahead |
| 2026-03-31 | 63.70 | 70.39 | +0.69 | NKE ahead |
| 2026-03-30 | 61.79 | 65.96 | +0.95 | NKE ahead |
| 2026-03-27 | 61.95 | 67.02 | +0.85 | NKE ahead |
| 2026-03-26 | 62.80 | 66.44 | +1.02 | NKE ahead |
| 2026-03-25 | 63.89 | 72.75 | +0.49 | near the usual relationship |
| 2026-03-24 | 64.51 | 81.92 | -0.30 | near the usual relationship |
| 2026-03-23 | 63.57 | 82.47 | -0.46 | near the usual relationship |
| 2026-03-20 | 63.16 | 77.92 | -0.10 | near the usual relationship |
| 2026-03-19 | 64.45 | 80.43 | -0.18 | near the usual relationship |
| 2026-03-18 | 64.48 | 80.80 | -0.22 | near the usual relationship |
| 2026-03-17 | 66.47 | 82.33 | -0.14 | near the usual relationship |
| 2026-03-16 | 66.08 | 81.21 | -0.08 | near the usual relationship |
| 2026-03-13 | 65.10 | 78.61 | +0.04 | near the usual relationship |
| 2026-03-12 | 65.28 | 78.54 | +0.06 | near the usual relationship |
| 2026-03-11 | 67.17 | 81.61 | -0.01 | near the usual relationship |
| 2026-03-10 | 67.63 | 84.87 | -0.25 | near the usual relationship |
| 2026-03-09 | 68.17 | 85.21 | -0.22 | near the usual relationship |
| 2026-03-06 | 68.75 | 85.79 | -0.21 | near the usual relationship |
| 2026-03-05 | 69.97 | 89.74 | -0.41 | near the usual relationship |
| 2026-03-04 | 70.72 | 89.45 | -0.32 | near the usual relationship |
| 2026-03-03 | 71.62 | 90.85 | -0.34 | near the usual relationship |
| 2026-03-02 | 73.58 | 96.75 | -0.60 | ONON ahead |
| 2026-02-27 | 74.99 | 96.17 | -0.43 | near the usual relationship |
| 2026-02-26 | 77.12 | 98.49 | -0.41 | near the usual relationship |
| 2026-02-25 | 76.46 | 96.52 | -0.33 | near the usual relationship |
| 2026-02-24 | 77.29 | 96.81 | -0.28 | near the usual relationship |
| 2026-02-23 | 76.09 | 98.16 | -0.49 | near the usual relationship |
| 2026-02-20 | 78.87 | 102.26 | -0.53 | ONON ahead |
| 2026-02-19 | 79.12 | 99.36 | -0.31 | near the usual relationship |
| 2026-02-18 | 79.05 | 97.93 | -0.21 | near the usual relationship |
| 2026-02-17 | 78.17 | 96.54 | -0.19 | near the usual relationship |
| 2026-02-13 | 76.13 | 93.71 | -0.17 | near the usual relationship |
| 2026-02-12 | 73.69 | 91.60 | -0.23 | near the usual relationship |
| 2026-02-11 | 75.19 | 93.71 | -0.25 | near the usual relationship |
| 2026-02-10 | 76.03 | 93.73 | -0.17 | near the usual relationship |
| 2026-02-09 | 75.27 | 91.74 | -0.09 | near the usual relationship |
| 2026-02-06 | 77.09 | 89.94 | +0.22 | near the usual relationship |
| 2026-02-05 | 75.62 | 88.81 | +0.18 | near the usual relationship |
| 2026-02-04 | 77.45 | 90.77 | +0.20 | near the usual relationship |
| 2026-02-03 | 73.48 | 91.31 | -0.21 | near the usual relationship |
| 2026-02-02 | 74.99 | 95.05 | -0.34 | near the usual relationship |
| 2026-01-30 | 74.54 | 93.63 | -0.27 | near the usual relationship |
| 2026-01-29 | 75.49 | 93.15 | -0.15 | near the usual relationship |
| 2026-01-28 | 75.06 | 92.82 | -0.16 | near the usual relationship |
| 2026-01-27 | 76.09 | 94.19 | -0.16 | near the usual relationship |
| 2026-01-26 | 78.38 | 96.15 | -0.10 | near the usual relationship |
| 2026-01-23 | 78.44 | 95.10 | -0.01 | near the usual relationship |
| 2026-01-22 | 78.94 | 96.46 | -0.06 | near the usual relationship |
| 2026-01-21 | 78.88 | 95.80 | -0.02 | near the usual relationship |
| 2026-01-20 | 76.74 | 91.29 | +0.13 | near the usual relationship |
| 2026-01-16 | 77.64 | 93.21 | +0.07 | near the usual relationship |
| 2026-01-15 | 77.89 | 95.18 | -0.05 | near the usual relationship |
| 2026-01-14 | 79.08 | 93.25 | +0.19 | near the usual relationship |
| 2026-01-13 | 79.96 | 97.79 | -0.05 | near the usual relationship |
| 2026-01-12 | 79.16 | 101.20 | -0.35 | near the usual relationship |
| 2026-01-09 | 79.50 | 101.63 | -0.35 | near the usual relationship |
| 2026-01-08 | 78.70 | 104.76 | -0.62 | ONON ahead |
| 2026-01-07 | 76.24 | 100.68 | -0.57 | ONON ahead |
| 2026-01-06 | 78.81 | 101.47 | -0.40 | near the usual relationship |
| 2026-01-05 | 77.82 | 101.39 | -0.48 | near the usual relationship |
| 2026-01-02 | 76.31 | 97.14 | -0.32 | near the usual relationship |
| 2025-12-31 | 76.83 | 96.17 | -0.21 | near the usual relationship |
| 2025-12-30 | 73.79 | 98.18 | -0.62 | ONON ahead |
| 2025-12-29 | 73.82 | 98.20 | -0.63 | ONON ahead |
| 2025-12-26 | 73.48 | 96.79 | -0.56 | ONON ahead |
| 2025-12-24 | 72.36 | 96.19 | -0.62 | ONON ahead |
| 2025-12-23 | 69.15 | 99.09 | -1.14 | ONON ahead |
| 2025-12-22 | 69.01 | 99.61 | -1.20 | ONON ahead |
| 2025-12-19 | 70.80 | 100.50 | -1.09 | ONON ahead |
| 2025-12-18 | 79.15 | 100.27 | -0.31 | near the usual relationship |
| 2025-12-17 | 79.22 | 99.52 | -0.25 | near the usual relationship |
| 2025-12-16 | 80.95 | 99.92 | -0.13 | near the usual relationship |
| 2025-12-15 | 81.74 | 98.88 | +0.01 | near the usual relationship |
| 2025-12-12 | 81.37 | 100.89 | -0.16 | near the usual relationship |
| 2025-12-11 | 81.69 | 102.42 | -0.24 | near the usual relationship |
| 2025-12-10 | 79.34 | 100.81 | -0.33 | near the usual relationship |
| 2025-12-09 | 76.37 | 97.89 | -0.39 | near the usual relationship |
| 2025-12-08 | 76.63 | 97.29 | -0.32 | near the usual relationship |
| 2025-12-05 | 79.43 | 99.61 | -0.24 | near the usual relationship |
| 2025-12-04 | 79.22 | 96.23 | -0.02 | near the usual relationship |
| 2025-12-03 | 79.17 | 97.39 | -0.10 | near the usual relationship |
| 2025-12-02 | 78.30 | 93.42 | +0.11 | near the usual relationship |
| 2025-12-01 | 78.86 | 92.45 | +0.23 | near the usual relationship |
| 2025-11-28 | 77.94 | 91.02 | +0.26 | near the usual relationship |
| 2025-11-26 | 77.58 | 89.36 | +0.36 | near the usual relationship |
| 2025-11-25 | 76.80 | 86.41 | +0.52 | NKE ahead |
| 2025-11-24 | 74.69 | 84.40 | +0.49 | near the usual relationship |
| 2025-11-21 | 75.74 | 85.41 | +0.51 | NKE ahead |
| 2025-11-20 | 74.08 | 85.70 | +0.34 | near the usual relationship |
| 2025-11-19 | 75.54 | 89.59 | +0.17 | near the usual relationship |
| 2025-11-18 | 75.36 | 88.27 | +0.25 | near the usual relationship |
| 2025-11-17 | 75.86 | 85.66 | +0.50 | NKE ahead |
| 2025-11-14 | 77.39 | 87.73 | +0.48 | near the usual relationship |
| 2025-11-13 | 79.63 | 87.73 | +0.68 | NKE ahead |
| 2025-11-12 | 77.42 | 85.89 | +0.63 | NKE ahead |
| 2025-11-11 | 76.16 | 72.79 | +1.67 | NKE ahead |
| 2025-11-10 | 73.32 | 72.34 | +1.46 | NKE ahead |
| 2025-11-07 | 73.67 | 72.42 | +1.49 | NKE ahead |
| 2025-11-06 | 74.64 | 73.47 | +1.48 | NKE ahead |
| 2025-11-05 | 74.90 | 74.65 | +1.40 | NKE ahead |
| 2025-11-04 | 73.84 | 74.90 | +1.28 | NKE ahead |
| 2025-11-03 | 75.55 | 75.44 | +1.39 | NKE ahead |
| 2025-10-31 | 77.89 | 76.87 | +1.48 | NKE ahead |
| 2025-10-30 | 78.27 | 77.03 | +1.51 | NKE ahead |
| 2025-10-29 | 78.81 | 81.30 | +1.18 | NKE ahead |
| 2025-10-28 | 81.32 | 85.19 | +1.07 | NKE ahead |
| 2025-10-27 | 82.72 | 87.34 | +1.01 | NKE ahead |
| 2025-10-24 | 83.35 | 86.28 | +1.15 | NKE ahead |
| 2025-10-23 | 84.03 | 89.45 | +0.95 | NKE ahead |
| 2025-10-22 | 83.31 | 87.46 | +1.05 | NKE ahead |
| 2025-10-21 | 82.44 | 88.79 | +0.87 | NKE ahead |
| 2025-10-20 | 81.55 | 85.81 | +1.02 | NKE ahead |
| 2025-10-17 | 81.25 | 86.53 | +0.94 | NKE ahead |
| 2025-10-16 | 80.61 | 86.86 | +0.86 | NKE ahead |
| 2025-10-15 | 82.56 | 85.74 | +1.11 | NKE ahead |
| 2025-10-14 | 81.57 | 87.27 | +0.90 | NKE ahead |
| 2025-10-13 | 81.26 | 88.91 | +0.75 | NKE ahead |
| 2025-10-10 | 78.65 | 86.61 | +0.70 | NKE ahead |
| 2025-10-09 | 82.08 | 89.59 | +0.76 | NKE ahead |
| 2025-10-08 | 83.32 | 90.25 | +0.82 | NKE ahead |
| 2025-10-07 | 83.10 | 86.30 | +1.11 | NKE ahead |
| 2025-10-06 | 85.83 | 88.08 | +1.19 | NKE ahead |
| 2025-10-03 | 86.75 | 87.11 | +1.34 | NKE ahead |
| 2025-10-02 | 89.93 | 87.65 | +1.54 | NKE ahead |
| 2025-10-01 | 89.48 | 84.75 | +1.75 | NKE ahead |
| 2025-09-30 | 84.09 | 87.63 | +1.08 | NKE ahead |
| 2025-09-29 | 83.88 | 90.19 | +0.86 | NKE ahead |
| 2025-09-26 | 83.59 | 87.88 | +1.01 | NKE ahead |
| 2025-09-25 | 83.50 | 90.88 | +0.77 | NKE ahead |
| 2025-09-24 | 85.89 | 94.68 | +0.67 | NKE ahead |
| 2025-09-23 | 85.54 | 94.89 | +0.63 | NKE ahead |
| 2025-09-22 | 85.96 | 94.33 | +0.70 | NKE ahead |
| 2025-09-19 | 85.49 | 93.59 | +0.72 | NKE ahead |
| 2025-09-18 | 86.95 | 93.09 | +0.87 | NKE ahead |
| 2025-09-17 | 87.20 | 90.71 | +1.07 | NKE ahead |
| 2025-09-16 | 87.74 | 89.01 | +1.24 | NKE ahead |
| 2025-09-15 | 88.07 | 88.29 | +1.32 | NKE ahead |
| 2025-09-12 | 88.04 | 88.74 | +1.28 | NKE ahead |
| 2025-09-11 | 89.64 | 89.59 | +1.34 | NKE ahead |
| 2025-09-10 | 89.54 | 88.66 | +1.40 | NKE ahead |
| 2025-09-09 | 88.76 | 91.85 | +1.09 | NKE ahead |
| 2025-09-08 | 89.42 | 93.52 | +1.02 | NKE ahead |
| 2025-09-05 | 89.13 | 94.19 | +0.94 | NKE ahead |
| 2025-09-04 | 90.87 | 95.28 | +0.99 | NKE ahead |
| 2025-09-03 | 90.14 | 92.70 | +1.12 | NKE ahead |
| 2025-09-02 | 89.59 | 92.68 | +1.07 | NKE ahead |
| 2025-08-29 | 93.31 | 93.28 | +1.30 | NKE ahead |
| 2025-08-28 | 93.97 | 92.26 | +1.41 | NKE ahead |
| 2025-08-27 | 94.14 | 93.48 | +1.33 | NKE ahead |
| 2025-08-26 | 94.85 | 93.48 | +1.37 | NKE ahead |
| 2025-08-25 | 95.48 | 94.33 | +1.35 | NKE ahead |
| 2025-08-22 | 94.52 | 96.34 | +1.13 | NKE ahead |
| 2025-08-21 | 91.87 | 92.24 | +1.22 | NKE ahead |
| 2025-08-20 | 91.97 | 93.61 | +1.12 | NKE ahead |
| 2025-08-19 | 92.72 | 93.17 | +1.19 | NKE ahead |
| 2025-08-18 | 93.38 | 93.57 | +1.20 | NKE ahead |
| 2025-08-15 | 92.82 | 93.81 | +1.14 | NKE ahead |
| 2025-08-14 | 92.12 | 91.48 | +1.24 | NKE ahead |
| 2025-08-13 | 93.10 | 99.71 | +0.75 | NKE ahead |
| 2025-08-12 | 90.33 | 103.06 | +0.34 | near the usual relationship |
| 2025-08-11 | 89.27 | 94.60 | +0.80 | NKE ahead |
| 2025-08-08 | 89.47 | 94.48 | +0.81 | NKE ahead |
| 2025-08-07 | 89.66 | 93.44 | +0.89 | NKE ahead |
| 2025-08-06 | 91.03 | 96.85 | +0.75 | NKE ahead |
| 2025-08-05 | 89.70 | 97.56 | +0.61 | NKE ahead |
| 2025-08-04 | 90.23 | 98.49 | +0.58 | NKE ahead |
| 2025-08-01 | 89.99 | 97.31 | +0.63 | NKE ahead |
| 2025-07-31 | 90.07 | 100.50 | +0.43 | near the usual relationship |
| 2025-07-30 | 92.47 | 104.86 | +0.33 | near the usual relationship |
| 2025-07-29 | 94.46 | 107.08 | +0.33 | near the usual relationship |
| 2025-07-28 | 95.56 | 105.42 | +0.48 | near the usual relationship |
| 2025-07-25 | 91.98 | 105.03 | +0.27 | near the usual relationship |
| 2025-07-24 | 90.96 | 103.35 | +0.29 | near the usual relationship |
| 2025-07-23 | 92.56 | 106.85 | +0.20 | near the usual relationship |
| 2025-07-22 | 90.92 | 104.20 | +0.23 | near the usual relationship |
| 2025-07-21 | 89.27 | 110.10 | -0.20 | near the usual relationship |
| 2025-07-18 | 87.40 | 109.91 | -0.32 | near the usual relationship |
| 2025-07-17 | 88.01 | 112.23 | -0.41 | near the usual relationship |
| 2025-07-16 | 86.95 | 109.41 | -0.34 | near the usual relationship |
| 2025-07-15 | 86.82 | 110.61 | -0.42 | near the usual relationship |
| 2025-07-14 | 87.13 | 110.20 | -0.38 | near the usual relationship |
| 2025-07-11 | 87.59 | 108.50 | -0.27 | near the usual relationship |
| 2025-07-10 | 89.99 | 110.30 | -0.22 | near the usual relationship |
| 2025-07-09 | 88.71 | 111.98 | -0.39 | near the usual relationship |
| 2025-07-08 | 89.15 | 108.84 | -0.21 | near the usual relationship |
| 2025-07-07 | 92.29 | 112.48 | -0.21 | near the usual relationship |
| 2025-07-03 | 92.12 | 112.37 | -0.22 | near the usual relationship |
| 2025-07-02 | 92.12 | 111.11 | -0.16 | near the usual relationship |
| 2025-07-01 | 88.53 | 108.03 | -0.23 | near the usual relationship |
| 2025-06-30 | 85.67 | 107.70 | -0.40 | near the usual relationship |
| 2025-06-27 | 86.88 | 108.61 | -0.38 | near the usual relationship |
| 2025-06-26 | 75.42 | 106.75 | -1.03 | ONON ahead |
| 2025-06-25 | 73.36 | 106.52 | -1.16 | ONON ahead |
| 2025-06-24 | 74.07 | 108.55 | -1.22 | ONON ahead |
| 2025-06-23 | 73.30 | 109.81 | -1.34 | ONON ahead |
| 2025-06-20 | 72.11 | 108.98 | -1.39 | ONON ahead |
| 2025-06-18 | 71.77 | 107.32 | -1.34 | ONON ahead |
| 2025-06-17 | 72.36 | 107.76 | -1.33 | ONON ahead |
| 2025-06-16 | 74.65 | 109.68 | -1.27 | ONON ahead |
| 2025-06-13 | 73.00 | 108.13 | -1.32 | ONON ahead |
| 2025-06-12 | 75.74 | 115.31 | -1.46 | ONON ahead |
| 2025-06-11 | 76.11 | 117.50 | -1.54 | ONON ahead |
| 2025-06-10 | 77.03 | 117.79 | -1.50 | ONON ahead |
| 2025-06-09 | 74.66 | 116.82 | -1.63 | ONON ahead |
| 2025-06-06 | 75.74 | 117.03 | -1.57 | ONON ahead |
| 2025-06-05 | 75.58 | 117.84 | -1.63 | ONON ahead |
| 2025-06-04 | 75.70 | 120.07 | -1.72 | ONON ahead |
| 2025-06-03 | 75.22 | 121.10 | -1.81 | ONON ahead |
| 2025-06-02 | 74.25 | 122.37 | -1.94 | ONON ahead |
| 2025-05-30 | 73.07 | 122.88 | -2.06 | ONON ahead |
| 2025-05-29 | 74.10 | 121.75 | -1.97 | ONON ahead |
| 2025-05-28 | 74.51 | 123.69 | -2.03 | ONON ahead |
| 2025-05-27 | 75.77 | 125.55 | -2.04 | ONON ahead |
| 2025-05-23 | 72.38 | 120.92 | -2.09 | ONON ahead |
| 2025-05-22 | 73.95 | 121.70 | -2.03 | ONON ahead |
| 2025-05-21 | 72.33 | 122.37 | -2.19 | ONON ahead |
| 2025-05-20 | 75.45 | 123.46 | -2.04 | ONON ahead |
| 2025-05-19 | 74.87 | 124.13 | -2.12 | ONON ahead |
| 2025-05-16 | 76.11 | 123.94 | -2.04 | ONON ahead |
| 2025-05-15 | 75.25 | 124.66 | -2.13 | ONON ahead |
| 2025-05-14 | 74.45 | 119.16 | -1.96 | ONON ahead |
| 2025-05-13 | 75.24 | 118.73 | -1.89 | ONON ahead |
| 2025-05-12 | 75.47 | 106.17 | -1.35 | ONON ahead |
| 2025-05-09 | 70.31 | 102.26 | -1.51 | ONON ahead |
| 2025-05-08 | 71.04 | 102.88 | -1.50 | ONON ahead |
| 2025-05-07 | 70.69 | 100.41 | -1.41 | ONON ahead |
| 2025-05-06 | 68.79 | 99.73 | -1.51 | ONON ahead |
| 2025-05-05 | 69.16 | 101.16 | -1.56 | ONON ahead |
| 2025-05-02 | 70.66 | 101.20 | -1.46 | ONON ahead |
| 2025-05-01 | 68.45 | 98.74 | -1.50 | ONON ahead |
| 2025-04-30 | 68.02 | 99.54 | -1.57 | ONON ahead |
| 2025-04-29 | 69.39 | 99.11 | -1.47 | ONON ahead |
| 2025-04-28 | 69.11 | 96.40 | -1.37 | ONON ahead |
| 2025-04-25 | 69.49 | 93.17 | -1.20 | ONON ahead |
| 2025-04-24 | 70.53 | 92.61 | -1.12 | ONON ahead |
| 2025-04-23 | 69.21 | 90.90 | -1.12 | ONON ahead |
| 2025-04-22 | 68.81 | 88.21 | -1.02 | ONON ahead |
| 2025-04-21 | 67.68 | 85.47 | -0.97 | ONON ahead |
| 2025-04-17 | 67.25 | 87.94 | -1.12 | ONON ahead |
| 2025-04-16 | 64.58 | 86.39 | -1.22 | ONON ahead |
| 2025-04-15 | 66.12 | 88.29 | -1.21 | ONON ahead |
| 2025-04-14 | 66.82 | 89.32 | -1.23 | ONON ahead |
| 2025-04-11 | 65.59 | 90.03 | -1.34 | ONON ahead |
| 2025-04-10 | 65.61 | 89.01 | -1.30 | ONON ahead |
| 2025-04-09 | 71.54 | 93.13 | -1.14 | ONON ahead |
| 2025-04-08 | 64.24 | 80.51 | -1.00 | ONON ahead |
| 2025-04-07 | 67.06 | 84.77 | -1.04 | ONON ahead |
| 2025-04-04 | 69.04 | 81.96 | -0.79 | ONON ahead |
| 2025-04-03 | 67.03 | 77.90 | -0.71 | ONON ahead |
| 2025-04-02 | 78.34 | 92.94 | -0.80 | ONON ahead |
| 2025-04-01 | 78.10 | 88.35 | -0.62 | ONON ahead |
| 2025-03-31 | 76.56 | 90.88 | -0.82 | ONON ahead |
| 2025-03-28 | 76.33 | 91.35 | -0.86 | ONON ahead |
| 2025-03-27 | 79.35 | 95.18 | -0.87 | ONON ahead |
| 2025-03-26 | 79.28 | 95.28 | -0.88 | ONON ahead |
| 2025-03-25 | 80.25 | 99.26 | -1.00 | ONON ahead |
| 2025-03-24 | 81.27 | 99.98 | -0.99 | ONON ahead |
| 2025-03-21 | 81.93 | 95.70 | -0.80 | ONON ahead |
| 2025-03-20 | 86.66 | 94.27 | -0.53 | ONON ahead |
| 2025-03-19 | 88.02 | 97.39 | -0.60 | ONON ahead |
| 2025-03-18 | 88.41 | 95.76 | -0.53 | ONON ahead |
| 2025-03-17 | 88.88 | 99.44 | -0.65 | ONON ahead |
| 2025-03-14 | 86.42 | 96.09 | -0.64 | ONON ahead |
| 2025-03-13 | 87.60 | 95.94 | -0.59 | ONON ahead |
| 2025-03-12 | 88.74 | 96.69 | -0.57 | ONON ahead |
| 2025-03-11 | 89.45 | 93.46 | -0.43 | near the usual relationship |
| 2025-03-10 | 92.14 | 91.52 | -0.25 | near the usual relationship |
| 2025-03-07 | 94.78 | 96.54 | -0.35 | near the usual relationship |
| 2025-03-06 | 93.72 | 102.48 | -0.61 | ONON ahead |
| 2025-03-05 | 93.84 | 108.59 | -0.82 | ONON ahead |
| 2025-03-04 | 93.25 | 104.76 | -0.72 | ONON ahead |
| 2025-03-03 | 94.56 | 99.01 | -0.47 | near the usual relationship |
| 2025-02-28 | 95.79 | 100.31 | -0.48 | near the usual relationship |
| 2025-02-27 | 96.50 | 96.61 | -0.33 | near the usual relationship |
| 2025-02-26 | 97.89 | 103.23 | -0.52 | ONON ahead |
| 2025-02-25 | 98.55 | 100.14 | -0.40 | near the usual relationship |
| 2025-02-24 | 96.82 | 100.87 | -0.49 | near the usual relationship |
| 2025-02-21 | 92.26 | 100.23 | -0.64 | ONON ahead |
| 2025-02-20 | 93.14 | 105.96 | -0.80 | ONON ahead |
| 2025-02-19 | 92.60 | 107.74 | -0.88 | ONON ahead |
| 2025-02-18 | 93.57 | 110.41 | -0.93 | ONON ahead |
| 2025-02-14 | 88.08 | 107.66 | -1.06 | ONON ahead |
| 2025-02-13 | 88.29 | 108.36 | -1.08 | ONON ahead |
| 2025-02-12 | 87.14 | 111.81 | -1.23 | ONON ahead |
| 2025-02-11 | 86.03 | 111.67 | -1.27 | ONON ahead |
| 2025-02-10 | 85.55 | 115.27 | -1.40 | ONON ahead |
| 2025-02-07 | 82.83 | 116.72 | -1.56 | ONON ahead |
| 2025-02-06 | 86.52 | 123.57 | -1.61 | ONON ahead |
| 2025-02-05 | 89.93 | 122.16 | -1.46 | ONON ahead |
| 2025-02-04 | 92.52 | 120.71 | -1.33 | ONON ahead |
| 2025-02-03 | 92.37 | 121.08 | -1.36 | ONON ahead |
| 2025-01-31 | 92.74 | 123.90 | -1.42 | ONON ahead |
| 2025-01-30 | 94.46 | 131.64 | -1.57 | ONON ahead |
| 2025-01-29 | 92.35 | 130.44 | -1.62 | ONON ahead |
| 2025-01-28 | 89.71 | 128.62 | -1.68 | ONON ahead |
| 2025-01-27 | 91.15 | 123.94 | -1.52 | ONON ahead |
| 2025-01-24 | 88.72 | 124.46 | -1.63 | ONON ahead |
| 2025-01-23 | 89.59 | 125.08 | -1.63 | ONON ahead |
| 2025-01-22 | 89.29 | 121.17 | -1.55 | ONON ahead |
| 2025-01-21 | 88.24 | 124.04 | -1.67 | ONON ahead |
| 2025-01-17 | 85.43 | 119.97 | -1.68 | ONON ahead |
| 2025-01-16 | 85.76 | 116.55 | -1.59 | ONON ahead |
| 2025-01-15 | 85.71 | 113.22 | -1.51 | ONON ahead |
| 2025-01-14 | 85.83 | 112.77 | -1.51 | ONON ahead |
| 2025-01-13 | 86.93 | 114.59 | -1.53 | ONON ahead |
| 2025-01-10 | 85.87 | 117.17 | -1.65 | ONON ahead |
| 2025-01-08 | 85.97 | 114.92 | -1.60 | ONON ahead |
| 2025-01-07 | 86.94 | 114.38 | -1.56 | ONON ahead |
| 2025-01-06 | 86.83 | 113.01 | -1.53 | ONON ahead |
| 2025-01-03 | 88.41 | 117.15 | -1.60 | ONON ahead |
| 2025-01-02 | 88.84 | 114.57 | -1.53 | ONON ahead |
| 2024-12-31 | 91.26 | 113.33 | -1.42 | ONON ahead |
| 2024-12-30 | 90.03 | 114.19 | -1.49 | ONON ahead |
| 2024-12-27 | 92.16 | 115.10 | -1.46 | ONON ahead |
| 2024-12-26 | 92.79 | 116.68 | -1.49 | ONON ahead |
| 2024-12-24 | 92.61 | 116.80 | -1.51 | ONON ahead |
| 2024-12-23 | 92.57 | 117.21 | -1.53 | ONON ahead |
| 2024-12-20 | 92.79 | 118.23 | -1.56 | ONON ahead |
| 2024-12-19 | 92.98 | 114.09 | -1.46 | ONON ahead |
| 2024-12-18 | 92.74 | 113.30 | -1.45 | ONON ahead |
| 2024-12-17 | 94.07 | 117.19 | -1.52 | ONON ahead |
| 2024-12-16 | 93.10 | 119.76 | -1.63 | ONON ahead |
| 2024-12-13 | 93.16 | 118.56 | -1.61 | ONON ahead |
| 2024-12-12 | 94.02 | 119.18 | -1.61 | ONON ahead |
| 2024-12-11 | 95.09 | 120.42 | -1.62 | ONON ahead |
| 2024-12-10 | 92.55 | 114.17 | -1.55 | ONON ahead |
| 2024-12-09 | 93.63 | 113.84 | -1.52 | ONON ahead |
| 2024-12-06 | 95.14 | 119.26 | -1.62 | ONON ahead |
| 2024-12-05 | 94.77 | 122.84 | -1.74 | ONON ahead |
| 2024-12-04 | 94.51 | 122.08 | -1.74 | ONON ahead |
| 2024-12-03 | 95.10 | 123.19 | -1.77 | ONON ahead |
| 2024-12-02 | 95.38 | 121.10 | -1.73 | ONON ahead |
| 2024-11-29 | 95.00 | 120.69 | -1.74 | ONON ahead |
| 2024-11-27 | 94.48 | 119.80 | -1.75 | ONON ahead |
| 2024-11-26 | 93.60 | 119.97 | -1.80 | ONON ahead |
| 2024-11-25 | 95.59 | 120.98 | -1.78 | ONON ahead |
| 2024-11-22 | 93.34 | 120.28 | -1.86 | ONON ahead |
| 2024-11-21 | 90.57 | 116.26 | -1.86 | ONON ahead |
| 2024-11-20 | 88.47 | 111.19 | -1.82 | ONON ahead |
| 2024-11-19 | 89.13 | 110.49 | -1.79 | ONON ahead |
| 2024-11-18 | 90.32 | 106.54 | -1.65 | ONON ahead |
| 2024-11-15 | 92.45 | 107.43 | -1.62 | ONON ahead |
| 2024-11-14 | 91.27 | 110.39 | -1.76 | ONON ahead |
| 2024-11-13 | 92.28 | 109.06 | -1.70 | ONON ahead |
| 2024-11-12 | 92.45 | 108.88 | -1.71 | ONON ahead |
| 2024-11-11 | 92.38 | 109.06 | -1.73 | ONON ahead |
| 2024-11-08 | 91.51 | 106.54 | -1.70 | ONON ahead |
| 2024-11-07 | 91.56 | 104.24 | -1.65 | ONON ahead |
| 2024-11-06 | 90.83 | 98.43 | -1.50 | ONON ahead |
| 2024-11-05 | 94.04 | 99.07 | -1.43 | ONON ahead |
| 2024-11-04 | 93.09 | 95.80 | -1.37 | ONON ahead |
| 2024-11-01 | 94.14 | 96.21 | -1.36 | ONON ahead |
| 2024-10-31 | 93.02 | 98.12 | -1.47 | ONON ahead |
| 2024-10-30 | 92.20 | 100.99 | -1.60 | ONON ahead |
| 2024-10-29 | 94.55 | 103.27 | -1.60 | ONON ahead |
| 2024-10-28 | 95.16 | 104.72 | -1.64 | ONON ahead |
| 2024-10-25 | 95.09 | 104.80 | -1.66 | ONON ahead |
| 2024-10-24 | 95.32 | 98.47 | -1.47 | ONON ahead |
| 2024-10-23 | 96.54 | 98.03 | -1.43 | ONON ahead |
| 2024-10-22 | 98.19 | 100.68 | -1.47 | ONON ahead |
| 2024-10-21 | 98.26 | 99.96 | -1.46 | ONON ahead |
| 2024-10-18 | 100.00 | 100.00 | -1.41 | ONON ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jun 27, 2025 (NKE +15.2%, ONON +1.7%); Nov 12, 2025 (NKE +1.7%, ONON +18.0%); Apr 1, 2026 (NKE -15.5%, ONON +2.2%); Aug 11, 2026 (NKE -1.9%, ONON -20.3%).
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)
1 simulated trade to Oct 20, 2026: +20.77% per trade on average after costs, 1 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long ONON · Short NKE | Dec 14, 2022 | Mar 2, 2023 | converged | 78 | $2,164.25 | -$70.03 | $2,077.52 (+20.77%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
NKE and ONON at a glance
NKE Nike Inc.
- Listing
- NYSE · SEC CIK 320187
- Industry
- Shoe Manufacturing · SIC 3021 Rubber & Plastics Footwear
- Market value
- $55.3B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
ONON On Holding AG
- Listing
- NYSE · SEC CIK 1858985
- Industry
- Shoe Manufacturing · SIC 3021 Rubber & Plastics Footwear
- Market value
- $21.4B
- Price history
- 1,282 daily closes, Sep 15, 2021 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of NKE and ONON
| Pair | Status | Ahead now | Industry |
|---|---|---|---|
| NKE / DECK | Watchlist | DECK by 0.55 sd | Shoe Manufacturing |
| ONON / DECK | Watchlist | neither | Shoe Manufacturing |
Follow the research behind the paper book
Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.
Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
