Newspapers/Magazines

News Corporation vs The New York Times Company

WatchlistNWSA / NYTPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($16B vs $11B) in Nasdaq's "Newspapers/Magazines" industry; SEC SIC 2711 / 2711 (same major group); #1 and #2 by market value ($16B vs $11B) with SEC SIC 2711 (Newspapers: Publishing or Publishing & Printing).

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: 0.36 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.32 (needs <= -2.873 (5% critical value))
Business leadership

NWSA is the larger business

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

YearNWSANYTLarger
2025$8.5B$2.8BNWSA
2024$8.3B$2.6BNWSA
2023$8.0B$2.4BNWSA
2022$8.4B$2.3BNWSA
2021$9.4B$2.1BNWSA
2020$9.0B$1.8BNWSA

NWSA led in every year with figures for both. Market value: NWSA $16.2B, NYT $10.9B.

Stock leadership

NWSA is ahead now

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

NWSA leads NYT by 1.29 standard deviations: +20.1% over its usual price ratio. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
NWSA+16.1%+18.1%+17.8%
NYT-3.1%-13.7%+23.0%
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: 0.36 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.32 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 52.47 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

NWSA News Corporation NYT The New York Times CompanyPrice 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 2026NWSA 118NYT 125
Spread z-score: NWSA relative to NYT, against the 252 sessions before each day. Above 0: NWSA ahead; below 0: NYT ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateNWSA indexNYT indexzAhead
2026-10-22118.04125.24+1.29NWSA ahead
2026-10-21115.57124.23+1.20NWSA ahead
2026-10-20116.41125.49+1.17NWSA ahead
2026-10-19114.17122.80+1.18NWSA ahead
2026-10-16114.05122.28+1.20NWSA ahead
2026-10-15114.77124.37+1.12NWSA ahead
2026-10-14112.27121.14+1.14NWSA ahead
2026-10-13112.53120.66+1.18NWSA ahead
2026-10-12111.58119.21+1.20NWSA ahead
2026-10-09110.60119.65+1.11NWSA ahead
2026-10-08110.03120.15+1.03NWSA ahead
2026-10-07108.66117.08+1.11NWSA ahead
2026-10-06108.43115.59+1.18NWSA ahead
2026-10-05109.95115.46+1.27NWSA ahead
2026-10-02108.96113.12+1.33NWSA ahead
2026-10-01108.77114.94+1.20NWSA ahead
2026-09-30108.81114.92+1.19NWSA ahead
2026-09-29108.32112.43+1.29NWSA ahead
2026-09-28110.52115.77+1.22NWSA ahead
2026-09-25108.20115.15+1.10NWSA ahead
2026-09-24108.01113.75+1.16NWSA ahead
2026-09-23106.80111.65+1.20NWSA ahead
2026-09-22111.09118.08+1.08NWSA ahead
2026-09-21112.80127.24+0.69NWSA ahead
2026-09-18113.10126.66+0.73NWSA ahead
2026-09-17114.62126.18+0.83NWSA ahead
2026-09-16114.66130.63+0.61NWSA ahead
2026-09-15115.59129.37+0.71NWSA ahead
2026-09-14116.07126.90+0.84NWSA ahead
2026-09-11111.81120.66+0.92NWSA ahead
2026-09-10111.58120.10+0.93NWSA ahead
2026-09-09112.46120.15+0.96NWSA ahead
2026-09-08113.25122.61+0.88NWSA ahead
2026-09-04115.42121.38+1.05NWSA ahead
2026-09-03117.53120.98+1.17NWSA ahead
2026-09-02116.41122.10+1.05NWSA ahead
2026-09-01116.33122.19+1.04NWSA ahead
2026-08-31116.64121.36+1.09NWSA ahead
2026-08-28117.62122.97+1.06NWSA ahead
2026-08-27118.46122.89+1.10NWSA ahead
2026-08-26117.58123.43+1.02NWSA ahead
2026-08-25117.43123.78+0.99NWSA ahead
2026-08-24116.82121.76+1.05NWSA ahead
2026-08-21115.38118.51+1.14NWSA ahead
2026-08-20112.61117.81+1.02NWSA ahead
2026-08-19111.85119.00+0.92NWSA ahead
2026-08-18111.62117.39+0.98NWSA ahead
2026-08-17109.00117.75+0.82NWSA ahead
2026-08-14110.75116.89+0.95NWSA ahead
2026-08-13109.91115.70+0.96NWSA ahead
2026-08-12108.89115.37+0.92NWSA ahead
2026-08-11108.74114.97+0.93NWSA ahead
2026-08-10108.20116.90+0.80NWSA ahead
2026-08-07108.32114.63+0.91NWSA ahead
2026-08-06112.69116.85+1.02NWSA ahead
2026-08-05110.37118.13+0.83NWSA ahead
2026-08-04108.58136.41-0.07near the usual relationship
2026-08-03106.11136.10-0.20near the usual relationship
2026-07-31104.67135.11-0.24near the usual relationship
2026-07-30106.68136.80-0.21near the usual relationship
2026-07-29109.46140.16-0.21near the usual relationship
2026-07-28107.03135.63-0.16near the usual relationship
2026-07-27103.65130.56-0.14near the usual relationship
2026-07-24101.63129.26-0.20near the usual relationship
2026-07-23100.00126.59-0.18near the usual relationship
2026-07-22103.84131.68-0.19near the usual relationship
2026-07-21104.54134.75-0.28near the usual relationship
2026-07-20107.44135.83-0.19near the usual relationship
2026-07-17107.98136.98-0.22near the usual relationship
2026-07-16108.94138.39-0.23near the usual relationship
2026-07-15106.27135.70-0.26near the usual relationship
2026-07-14104.82131.66-0.18near the usual relationship
2026-07-13105.32135.38-0.31near the usual relationship
2026-07-10103.95135.23-0.37near the usual relationship
2026-07-09104.41134.04-0.31near the usual relationship
2026-07-08101.48131.99-0.38near the usual relationship
2026-07-07102.24133.00-0.39near the usual relationship
2026-07-06101.18132.18-0.41near the usual relationship
2026-07-02101.18133.23-0.46near the usual relationship
2026-07-0197.91129.51-0.49near the usual relationship
2026-06-3094.30126.25-0.55NYT ahead
2026-06-2995.94127.46-0.52NYT ahead
2026-06-2696.51127.87-0.51NYT ahead
2026-06-2595.06123.71-0.43near the usual relationship
2026-06-2495.82128.49-0.58NYT ahead
2026-06-2394.87131.39-0.74NYT ahead
2026-06-2293.47130.04-0.77NYT ahead
2026-06-1896.01131.81-0.71NYT ahead
2026-06-1798.67134.33-0.68NYT ahead
2026-06-1698.48133.20-0.65NYT ahead
2026-06-1597.61133.14-0.70NYT ahead
2026-06-1297.53132.38-0.68NYT ahead
2026-06-1199.87133.86-0.63NYT ahead
2026-06-10102.43131.70-0.44near the usual relationship
2026-06-09103.30132.76-0.44near the usual relationship
2026-06-08102.77133.54-0.50NYT ahead
2026-06-05103.53138.70-0.65NYT ahead
2026-06-04101.94135.76-0.62NYT ahead
2026-06-0398.94135.61-0.77NYT ahead
2026-06-02100.30135.74-0.71NYT ahead
2026-06-01101.79137.49-0.71NYT ahead
2026-05-2999.13135.68-0.78NYT ahead
2026-05-28100.72135.31-0.70NYT ahead
2026-05-27101.06134.94-0.67NYT ahead
2026-05-2699.51135.29-0.76NYT ahead
2026-05-2298.33135.23-0.82NYT ahead
2026-05-2199.73133.97-0.72NYT ahead
2026-05-2097.87134.10-0.82NYT ahead
2026-05-1999.66135.77-0.80NYT ahead
2026-05-1899.77138.34-0.89NYT ahead
2026-05-1598.44134.37-0.82NYT ahead
2026-05-1499.70136.21-0.83NYT ahead
2026-05-13101.25138.91-0.86NYT ahead
2026-05-12100.80140.68-0.95NYT ahead
2026-05-11102.58139.51-0.83NYT ahead
2026-05-08102.62143.26-0.96NYT ahead
2026-05-07102.70144.65-1.01NYT ahead
2026-05-0699.51150.97-1.37NYT ahead
2026-05-0596.62139.38-1.14NYT ahead
2026-05-0497.99141.13-1.14NYT ahead
2026-05-0199.66142.02-1.10NYT ahead
2026-04-3099.96142.58-1.12NYT ahead
2026-04-2999.66142.58-1.14NYT ahead
2026-04-2899.35141.57-1.13NYT ahead
2026-04-27100.30143.62-1.16NYT ahead
2026-04-2499.51145.93-1.28NYT ahead
2026-04-2399.92145.10-1.25NYT ahead
2026-04-22101.22145.14-1.20NYT ahead
2026-04-21100.34147.25-1.32NYT ahead
2026-04-2098.63144.94-1.34NYT ahead
2026-04-1798.78143.39-1.29NYT ahead
2026-04-1697.95140.54-1.24NYT ahead
2026-04-1596.20146.31-1.53NYT ahead
2026-04-1495.06145.63-1.58NYT ahead
2026-04-1394.72143.14-1.53NYT ahead
2026-04-1092.97142.54-1.61NYT ahead
2026-04-0993.39148.80-1.82NYT ahead
2026-04-0894.53152.82-1.91NYT ahead
2026-04-0792.78154.90-2.09NYT ahead
2026-04-0692.94153.60-2.07NYT ahead
2026-04-0292.67154.59-2.14NYT ahead
2026-04-0193.85154.05-2.08NYT ahead
2026-03-3194.68151.06-1.97NYT ahead
2026-03-3094.11150.19-1.99NYT ahead
2026-03-2792.06149.36-2.10NYT ahead
2026-03-2692.14149.67-2.13NYT ahead
2026-03-2592.18153.65-2.29NYT ahead
2026-03-2491.04151.83-2.33NYT ahead
2026-03-2392.14149.18-2.20NYT ahead
2026-03-2091.34146.08-2.17NYT ahead
2026-03-1990.88146.64-2.25NYT ahead
2026-03-1891.53145.05-2.18NYT ahead
2026-03-1792.44144.74-2.14NYT ahead
2026-03-1691.91143.88-2.17NYT ahead
2026-03-1390.01143.08-2.28NYT ahead
2026-03-1289.56140.83-2.26NYT ahead
2026-03-1192.06141.13-2.14NYT ahead
2026-03-1091.26142.22-2.26NYT ahead
2026-03-0993.20145.79-2.31NYT ahead
2026-03-0693.51145.12-2.30NYT ahead
2026-03-0592.21147.84-2.52NYT ahead
2026-03-0491.26146.35-2.56NYT ahead
2026-03-0390.43146.87-2.67NYT ahead
2026-03-0291.04145.08-2.60NYT ahead
2026-02-2792.25143.95-2.52NYT ahead
2026-02-2692.37142.23-2.48NYT ahead
2026-02-2589.56139.60-2.59NYT ahead
2026-02-2488.04136.82-2.61NYT ahead
2026-02-2387.35135.83-2.66NYT ahead
2026-02-2089.82140.70-2.75NYT ahead
2026-02-1988.72136.19-2.66NYT ahead
2026-02-1888.68136.21-2.71NYT ahead
2026-02-1788.07133.56-2.67NYT ahead
2026-02-1386.29131.59-2.76NYT ahead
2026-02-1285.07130.43-2.84NYT ahead
2026-02-1188.19128.78-2.57NYT ahead
2026-02-1089.56127.58-2.44NYT ahead
2026-02-0986.37123.87-2.52NYT ahead
2026-02-0685.45122.88-2.58NYT ahead
2026-02-0591.95124.68-2.22NYT ahead
2026-02-0493.77122.01-1.96NYT ahead
2026-02-0394.99130.27-2.35NYT ahead
2026-02-02101.67132.96-2.05NYT ahead
2026-01-30102.66132.26-1.97NYT ahead
2026-01-29101.67132.22-2.06NYT ahead
2026-01-28100.99130.92-2.07NYT ahead
2026-01-27101.22131.37-2.10NYT ahead
2026-01-26102.16131.43-2.07NYT ahead
2026-01-23101.90130.36-2.05NYT ahead
2026-01-22101.52128.56-2.00NYT ahead
2026-01-2199.24127.89-2.16NYT ahead
2026-01-2098.25126.81-2.20NYT ahead
2026-01-1699.70128.97-2.25NYT ahead
2026-01-15101.41129.12-2.16NYT ahead
2026-01-14101.75129.44-2.18NYT ahead
2026-01-13101.14128.65-2.21NYT ahead
2026-01-12100.80127.24-2.18NYT ahead
2026-01-09100.53128.22-2.30NYT ahead
2026-01-08100.46129.26-2.41NYT ahead
2026-01-07100.30128.54-2.41NYT ahead
2026-01-06100.49125.18-2.21NYT ahead
2026-01-0599.47126.48-2.42NYT ahead
2026-01-0299.47125.96-2.42NYT ahead
2025-12-3199.20125.24-2.44NYT ahead
2025-12-30100.23125.83-2.43NYT ahead
2025-12-2999.70125.44-2.49NYT ahead
2025-12-2699.58126.57-2.62NYT ahead
2025-12-24100.42128.11-2.70NYT ahead
2025-12-23100.27127.57-2.73NYT ahead
2025-12-2299.77127.22-2.80NYT ahead
2025-12-1999.05127.71-2.97NYT ahead
2025-12-1899.62127.42-2.95NYT ahead
2025-12-1798.86125.38-2.93NYT ahead
2025-12-1698.33121.41-2.73NYT ahead
2025-12-1598.94121.83-2.75NYT ahead
2025-12-1299.58122.62-2.81NYT ahead
2025-12-1199.13122.23-2.88NYT ahead
2025-12-1099.20122.14-2.92NYT ahead
2025-12-0998.56118.08-2.69NYT ahead
2025-12-0897.72117.73-2.80NYT ahead
2025-12-0598.90116.81-2.64NYT ahead
2025-12-0497.34115.53-2.74NYT ahead
2025-12-0397.08115.82-2.86NYT ahead
2025-12-0296.47115.66-2.97NYT ahead
2025-12-0196.92116.87-3.11NYT ahead
2025-11-2897.53116.36-3.05NYT ahead
2025-11-2697.15117.37-3.28NYT ahead
2025-11-2596.51116.60-3.37NYT ahead
2025-11-2495.82115.19-3.39NYT ahead
2025-11-2197.57115.64-3.29NYT ahead
2025-11-2094.19114.61-3.74NYT ahead
2025-11-1994.83115.01-3.82NYT ahead
2025-11-1896.13115.46-3.81NYT ahead
2025-11-1796.77113.60-3.60NYT ahead
2025-11-1499.32115.35-3.55NYT ahead
2025-11-1399.77116.34-3.72NYT ahead
2025-11-12101.86114.11-3.20NYT ahead
2025-11-11101.90113.71-3.21NYT ahead
2025-11-10101.79112.92-3.20NYT ahead
2025-11-07101.48110.68-2.99NYT ahead
2025-11-0695.25108.21-3.76NYT ahead
2025-11-0597.38103.93-2.77NYT ahead
2025-11-0497.99104.19-2.74NYT ahead
2025-11-0398.71102.94-2.44NYT ahead
2025-10-31100.65102.81-2.10NYT ahead
2025-10-30100.57102.51-2.07NYT ahead
2025-10-2998.94101.19-2.14NYT ahead
2025-10-28101.33103.59-2.14NYT ahead
2025-10-27101.60103.37-2.06NYT ahead
2025-10-2499.96102.85-2.27NYT ahead
2025-10-23100.27102.78-2.21NYT ahead
2025-10-2299.70102.87-2.34NYT ahead
2025-10-21100.19101.86-2.09NYT ahead
2025-10-20100.42101.15-1.93NYT ahead
2025-10-1798.82101.37-2.26NYT ahead
2025-10-1698.40100.40-2.16NYT ahead
2025-10-15100.9198.97-1.46NYT ahead
2025-10-14101.1899.12-1.43NYT ahead
2025-10-1399.0999.17-1.80NYT ahead
2025-10-1097.9198.61-1.91NYT ahead
2025-10-09100.4999.78-1.66NYT ahead
2025-10-08102.6299.71-1.28NYT ahead
2025-10-07103.9999.30-0.97NYT ahead
2025-10-06106.57100.23-0.69NYT ahead
2025-10-03107.79100.36-0.51NYT ahead
2025-10-02108.43100.31-0.40near the usual relationship
2025-10-01109.95100.45-0.18near the usual relationship
2025-09-30116.64103.55+0.32near the usual relationship
2025-09-29117.85103.48+0.51NWSA ahead
2025-09-26115.65104.98-0.05near the usual relationship
2025-09-25114.60104.29-0.08near the usual relationship
2025-09-24114.81103.54+0.08near the usual relationship
2025-09-23116.14104.55+0.11near the usual relationship
2025-09-22117.01104.20+0.30near the usual relationship
2025-09-19116.29105.38+0.01near the usual relationship
2025-09-18115.65105.50-0.09near the usual relationship
2025-09-17114.81105.50-0.21near the usual relationship
2025-09-16112.91105.20-0.43near the usual relationship
2025-09-15113.52106.87-0.60NYT ahead
2025-09-12111.01106.31-0.88NYT ahead
2025-09-11112.12105.61-0.61NYT ahead
2025-09-10109.27103.86-0.75NYT ahead
2025-09-09111.74105.07-0.58NYT ahead
2025-09-08113.71106.13-0.45near the usual relationship
2025-09-05111.81106.42-0.77NYT ahead
2025-09-04111.28106.78-0.91NYT ahead
2025-09-03109.91106.13-1.02NYT ahead
2025-09-02109.57106.68-1.16NYT ahead
2025-08-29111.70107.96-1.04NYT ahead
2025-08-28111.96107.78-0.98NYT ahead
2025-08-27112.65107.94-0.91NYT ahead
2025-08-26112.91107.25-0.76NYT ahead
2025-08-25114.47107.45-0.57NYT ahead
2025-08-22115.84107.87-0.43near the usual relationship
2025-08-21112.95107.61-0.81NYT ahead
2025-08-20112.46108.08-0.96NYT ahead
2025-08-19113.37107.69-0.77NYT ahead
2025-08-18112.15106.95-0.83NYT ahead
2025-08-15111.93108.53-1.11NYT ahead
2025-08-14113.18108.48-0.92NYT ahead
2025-08-13112.50109.36-1.16NYT ahead
2025-08-12109.46104.65-0.89NYT ahead
2025-08-11107.79103.93-1.02NYT ahead
2025-08-08108.32103.72-0.91NYT ahead
2025-08-07110.03104.98-0.85NYT ahead
2025-08-06111.77111.76-1.64NYT ahead
2025-08-05111.2496.73+0.69NWSA ahead
2025-08-04112.0896.97+0.78NWSA ahead
2025-08-01110.4894.34+1.01NWSA ahead
2025-07-31111.3693.61+1.28NWSA ahead
2025-07-30111.2892.78+1.43NWSA ahead
2025-07-29110.9893.81+1.21NWSA ahead
2025-07-28111.5593.88+1.29NWSA ahead
2025-07-25112.1594.93+1.20NWSA ahead
2025-07-24111.4795.35+1.03NWSA ahead
2025-07-23111.7495.27+1.09NWSA ahead
2025-07-22111.7796.43+0.90NWSA ahead
2025-07-21110.7596.10+0.80NWSA ahead
2025-07-18113.4196.16+1.21NWSA ahead
2025-07-17114.5897.15+1.22NWSA ahead
2025-07-16113.4897.19+1.05NWSA ahead
2025-07-15112.6998.09+0.77NWSA ahead
2025-07-14112.91101.35+0.24near the usual relationship
2025-07-11112.19100.96+0.20near the usual relationship
2025-07-10112.65101.71+0.14near the usual relationship
2025-07-09111.62100.74+0.15near the usual relationship
2025-07-08111.93101.77+0.02near the usual relationship
2025-07-07111.55101.93-0.06near the usual relationship
2025-07-03112.95103.05-0.04near the usual relationship
2025-07-02112.46102.00+0.06near the usual relationship
2025-07-01112.91101.70+0.18near the usual relationship
2025-06-30112.88100.99+0.29near the usual relationship
2025-06-27111.77100.32+0.23near the usual relationship
2025-06-26112.19100.79+0.21near the usual relationship
2025-06-25111.6699.75+0.31near the usual relationship
2025-06-24111.0998.79+0.39near the usual relationship
2025-06-23109.6198.72+0.17near the usual relationship
2025-06-20107.6798.30-0.07near the usual relationship
2025-06-18106.5797.51-0.11near the usual relationship
2025-06-17105.4397.06-0.21near the usual relationship
2025-06-16107.25101.08-0.62NYT ahead
2025-06-13104.14100.34-1.00NYT ahead
2025-06-12105.09100.29-0.85NYT ahead
2025-06-11105.89100.54-0.76NYT ahead
2025-06-10106.1999.82-0.60NYT ahead
2025-06-09105.43100.38-0.82NYT ahead
2025-06-06105.62100.70-0.85NYT ahead
2025-06-05105.81100.58-0.81NYT ahead
2025-06-04105.77100.72-0.84NYT ahead
2025-06-03106.11101.12-0.86NYT ahead
2025-06-02106.65102.81-1.07NYT ahead
2025-05-30107.25103.05-1.02NYT ahead
2025-05-29107.86101.93-0.74NYT ahead
2025-05-28107.63100.02-0.45near the usual relationship
2025-05-27107.29100.04-0.51NYT ahead
2025-05-23105.9699.96-0.72NYT ahead
2025-05-22105.0199.03-0.71NYT ahead
2025-05-21106.1198.85-0.51NYT ahead
2025-05-20107.6099.89-0.45near the usual relationship
2025-05-19107.6099.69-0.42near the usual relationship
2025-05-16107.56100.94-0.64NYT ahead
2025-05-15106.91100.22-0.63NYT ahead
2025-05-14107.3799.30-0.40near the usual relationship
2025-05-13107.1898.66-0.32near the usual relationship
2025-05-12107.4197.85-0.14near the usual relationship
2025-05-09106.5796.70-0.07near the usual relationship
2025-05-08108.1794.91+0.51NWSA ahead
2025-05-07107.0394.97+0.32near the usual relationship
2025-05-06105.3295.00+0.03near the usual relationship
2025-05-05105.2894.30+0.15near the usual relationship
2025-05-02104.7594.37+0.05near the usual relationship
2025-05-01102.7793.38-0.10near the usual relationship
2025-04-30103.0093.92-0.17near the usual relationship
2025-04-29103.0093.13-0.02near the usual relationship
2025-04-28102.2492.69-0.08near the usual relationship
2025-04-25103.0492.39+0.11near the usual relationship
2025-04-24101.9491.30+0.12near the usual relationship
2025-04-23100.7691.00-0.02near the usual relationship
2025-04-2299.4390.42-0.15near the usual relationship
2025-04-2196.2888.15-0.27near the usual relationship
2025-04-1798.2188.89-0.08near the usual relationship
2025-04-1697.4988.04-0.05near the usual relationship
2025-04-15100.1987.97+0.41near the usual relationship
2025-04-1499.8187.48+0.44near the usual relationship
2025-04-1199.4787.46+0.38near the usual relationship
2025-04-1097.1986.36+0.20near the usual relationship
2025-04-0999.4387.28+0.39near the usual relationship
2025-04-0891.0481.85-0.01near the usual relationship
2025-04-0791.4582.75-0.12near the usual relationship
2025-04-0493.3585.57-0.33near the usual relationship
2025-04-0399.0187.95+0.16near the usual relationship
2025-04-02102.7789.48+0.47near the usual relationship
2025-04-01102.5490.47+0.25near the usual relationship
2025-03-31103.3889.48+0.54NWSA ahead
2025-03-28100.9988.38+0.36near the usual relationship
2025-03-27102.3288.36+0.56NWSA ahead
2025-03-26104.3389.00+0.74NWSA ahead
2025-03-25104.2988.65+0.78NWSA ahead
2025-03-24103.6887.71+0.85NWSA ahead
2025-03-21102.7087.84+0.68NWSA ahead
2025-03-20103.1587.68+0.76NWSA ahead
2025-03-19103.1588.51+0.62NWSA ahead
2025-03-18101.7987.91+0.51NWSA ahead
2025-03-17103.1187.61+0.75NWSA ahead
2025-03-14102.4788.20+0.55NWSA ahead
2025-03-1399.8586.27+0.48near the usual relationship
2025-03-12101.6786.43+0.71NWSA ahead
2025-03-11102.3287.97+0.54NWSA ahead
2025-03-10103.8789.68+0.47near the usual relationship
2025-03-07106.1988.80+0.92NWSA ahead
2025-03-06107.3385.46+1.61NWSA ahead
2025-03-05106.8784.65+1.68NWSA ahead
2025-03-04106.5784.61+1.64NWSA ahead
2025-03-03108.1384.92+1.80NWSA ahead
2025-02-28108.7086.76+1.57NWSA ahead
2025-02-27106.5786.38+1.34NWSA ahead
2025-02-26106.6586.13+1.39NWSA ahead
2025-02-25107.7186.38+1.48NWSA ahead
2025-02-24108.0986.67+1.48NWSA ahead
2025-02-21108.3686.65+1.51NWSA ahead
2025-02-20109.5787.97+1.46NWSA ahead
2025-02-19115.8089.14+2.05NWSA ahead
2025-02-18114.7488.74+1.99NWSA ahead
2025-02-14114.7489.75+1.84NWSA ahead
2025-02-13112.0891.56+1.23NWSA ahead
2025-02-12111.5190.93+1.25NWSA ahead
2025-02-11111.8589.41+1.53NWSA ahead
2025-02-10110.8288.87+1.50NWSA ahead
2025-02-07110.2988.11+1.57NWSA ahead
2025-02-06108.2488.76+1.21NWSA ahead
2025-02-05109.3088.81+1.35NWSA ahead
2025-02-04108.32100.83-0.58NYT ahead
2025-02-03106.6598.99-0.54NYT ahead
2025-01-31106.8097.96-0.37near the usual relationship
2025-01-30106.6597.55-0.33near the usual relationship
2025-01-29107.1097.37-0.24near the usual relationship
2025-01-28106.9197.89-0.34near the usual relationship
2025-01-27108.0197.35-0.11near the usual relationship
2025-01-24106.6596.84-0.21near the usual relationship
2025-01-23105.8596.52-0.27near the usual relationship
2025-01-22105.6695.62-0.16near the usual relationship
2025-01-21105.8194.86-0.02near the usual relationship
2025-01-17104.1893.56-0.05near the usual relationship
2025-01-16104.4493.67-0.02near the usual relationship
2025-01-15104.6793.99-0.04near the usual relationship
2025-01-14104.6393.11+0.09near the usual relationship
2025-01-13104.2291.85+0.23near the usual relationship
2025-01-10102.4791.65+0.03near the usual relationship
2025-01-08104.3393.72-0.03near the usual relationship
2025-01-07104.8294.10-0.02near the usual relationship
2025-01-06104.2295.02-0.24near the usual relationship
2025-01-03104.6395.42-0.24near the usual relationship
2025-01-02104.2994.37-0.13near the usual relationship
2024-12-31104.6093.90-0.02near the usual relationship
2024-12-30104.3794.64-0.15near the usual relationship
2024-12-27105.5595.96-0.19near the usual relationship
2024-12-26106.9196.66-0.11near the usual relationship
2024-12-24107.2996.28-0.01near the usual relationship
2024-12-23106.5395.47+0.01near the usual relationship
2024-12-20105.8195.38-0.07near the usual relationship
2024-12-19104.8696.10-0.30near the usual relationship
2024-12-18105.1395.80-0.21near the usual relationship
2024-12-17107.2998.45-0.31near the usual relationship
2024-12-16108.81100.29-0.37near the usual relationship
2024-12-13108.6699.35-0.25near the usual relationship
2024-12-12110.0699.78-0.13near the usual relationship
2024-12-11110.4199.53-0.05near the usual relationship
2024-12-10110.3799.55-0.05near the usual relationship
2024-12-09111.58102.47-0.29near the usual relationship
2024-12-06111.47101.44-0.15near the usual relationship
2024-12-05112.1298.88+0.27near the usual relationship
2024-12-04112.6198.50+0.39near the usual relationship
2024-12-03113.4197.31+0.65NWSA ahead
2024-12-02111.8597.74+0.42near the usual relationship
2024-11-29111.4797.89+0.36near the usual relationship
2024-11-27110.3398.11+0.20near the usual relationship
2024-11-26111.2098.61+0.24near the usual relationship
2024-11-25111.8999.35+0.22near the usual relationship
2024-11-22112.0097.71+0.46near the usual relationship
2024-11-21112.1996.07+0.71NWSA ahead
2024-11-20110.7193.83+0.85NWSA ahead
2024-11-19109.3894.01+0.68NWSA ahead
2024-11-18108.6694.75+0.49near the usual relationship
2024-11-15108.7094.64+0.52NWSA ahead
2024-11-14110.5697.82+0.32near the usual relationship
2024-11-13109.5798.36+0.14near the usual relationship
2024-11-12111.3999.55+0.20near the usual relationship
2024-11-11111.0198.99+0.23near the usual relationship
2024-11-08112.12101.53+0.04near the usual relationship
2024-11-07110.75100.67-0.01near the usual relationship
2024-11-06109.95100.92-0.13near the usual relationship
2024-11-05105.7796.07+0.00near the usual relationship
2024-11-04104.1494.62+0.00near the usual relationship
2024-11-01103.76102.53-1.07NYT ahead
2024-10-31103.49100.74-0.88NYT ahead
2024-10-30103.61100.85-0.89NYT ahead
2024-10-29103.80101.06-0.89NYT ahead
2024-10-28100.68100.05-1.16NYT ahead
2024-10-2598.71100.00-1.42NYT ahead
2024-10-2498.5698.45-1.24NYT ahead
2024-10-2398.2998.23-1.26NYT ahead
2024-10-2299.1698.68-1.21NYT ahead
2024-10-21100.0099.31-1.19NYT ahead
2024-10-18100.00100.00-1.29NYT ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 4, 2024 (NWSA +0.4%, NYT -7.7%); Feb 5, 2025 (NWSA +0.9%, NYT -11.9%); Aug 6, 2025 (NWSA +0.5%, NYT +15.5%); Aug 5, 2026 (NWSA +1.6%, NYT -13.4%). Upcoming earnings: NYT Nov 4, 2026 (pre-market); NWSA Nov 5, 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)

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

NWSA and NYT at a glance

NWSA News Corporation

Listing
Nasdaq · SEC CIK 1564708
Industry
Newspapers/Magazines · SIC 2711 Newspapers: Publishing or Publishing & Printing
Market value
$16.2B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

NYT The New York Times Company

Listing
NYSE · SEC CIK 71691
Industry
Newspapers/Magazines · SIC 2711 Newspapers: Publishing or Publishing & Printing
Market value
$10.9B
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.

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 beta

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.