SIC 3490 Miscellaneous Fabricated Metal Products

Parker-Hannifin Corporation vs Watts Water Technologies Inc.

WatchlistPH / WTSPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($122B vs $12B) with SEC SIC 3490 (Miscellaneous Fabricated Metal Products).

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: 0.43 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.75 (needs <= -2.873 (5% critical value))
Business leadership

PH is the larger business

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

YearPHWTSLarger
2025$19.9B$2.4BPH
2024$19.9B$2.3BPH
2023$19.1B$2.1BPH
2022$15.9B$2.0BPH
2021$14.3B$1.8BPH
2020$13.7B$1.5BPH

PH led in every year with figures for both. Market value: PH $121.9B, WTS $11.9B.

Stock leadership

WTS is ahead now

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

WTS leads PH by 2.24 standard deviations: +17.0% over its usual price ratio. 2 lead switches in the last year.

Price change3 mo6 mo12 mo
PH-9.6%-8.3%+17.9%
WTS+3.6%+17.7%+26.7%
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: 0.43 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.75 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 22.19 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

PH Parker-Hannifin Corporation WTS Watts Water Technologies Inc.Price 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 2026PH 139WTS 173
Spread z-score: PH relative to WTS, against the 252 sessions before each day. Above 0: PH ahead; below 0: WTS ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DatePH indexWTS indexzAhead
2026-10-22139.47173.36-2.24WTS ahead
2026-10-21149.62176.49-1.49WTS ahead
2026-10-20147.49173.92-1.49WTS ahead
2026-10-19150.87173.39-1.12WTS ahead
2026-10-16150.42173.24-1.15WTS ahead
2026-10-15150.17172.45-1.10WTS ahead
2026-10-14149.32171.01-1.06WTS ahead
2026-10-13148.87170.51-1.06WTS ahead
2026-10-12149.41170.79-1.03WTS ahead
2026-10-09150.30171.31-0.99WTS ahead
2026-10-08147.86168.60-1.00WTS ahead
2026-10-07148.77169.14-0.95WTS ahead
2026-10-06153.79176.03-1.05WTS ahead
2026-10-05152.35176.18-1.19WTS ahead
2026-10-02151.86176.33-1.25WTS ahead
2026-10-01150.82174.59-1.21WTS ahead
2026-09-30149.18172.02-1.16WTS ahead
2026-09-29151.52173.72-1.08WTS ahead
2026-09-28151.39173.88-1.10WTS ahead
2026-09-25152.76173.77-0.96WTS ahead
2026-09-24152.24172.12-0.88WTS ahead
2026-09-23151.65173.53-1.05WTS ahead
2026-09-22150.65172.07-1.02WTS ahead
2026-09-21149.61170.29-0.97WTS ahead
2026-09-18147.33170.31-1.18WTS ahead
2026-09-17144.48170.22-1.45WTS ahead
2026-09-16143.46169.39-1.49WTS ahead
2026-09-15144.43170.21-1.46WTS ahead
2026-09-14145.03170.92-1.47WTS ahead
2026-09-11148.37172.91-1.31WTS ahead
2026-09-10145.89170.11-1.32WTS ahead
2026-09-09148.25173.04-1.34WTS ahead
2026-09-08149.25175.32-1.43WTS ahead
2026-09-04150.30176.36-1.42WTS ahead
2026-09-03150.60172.67-1.09WTS ahead
2026-09-02148.24170.88-1.17WTS ahead
2026-09-01148.66172.77-1.29WTS ahead
2026-08-31152.93177.63-1.28WTS ahead
2026-08-28155.37177.92-1.08WTS ahead
2026-08-27157.89180.85-1.08WTS ahead
2026-08-26162.31183.65-0.90WTS ahead
2026-08-25158.69180.45-0.97WTS ahead
2026-08-24158.37181.06-1.05WTS ahead
2026-08-21156.41182.40-1.33WTS ahead
2026-08-20156.16179.65-1.13WTS ahead
2026-08-19159.77181.99-0.99WTS ahead
2026-08-18162.68182.52-0.77WTS ahead
2026-08-17164.54187.07-0.96WTS ahead
2026-08-14164.86186.70-0.91WTS ahead
2026-08-13165.33186.04-0.81WTS ahead
2026-08-12167.00187.65-0.79WTS ahead
2026-08-11165.72186.87-0.84WTS ahead
2026-08-10165.59186.55-0.83WTS ahead
2026-08-07167.68190.50-0.95WTS ahead
2026-08-06167.04183.16-0.44near the usual relationship
2026-08-05155.66176.71-0.93WTS ahead
2026-08-04155.00173.91-0.77WTS ahead
2026-08-03155.76170.24-0.39near the usual relationship
2026-07-31152.48167.94-0.50WTS ahead
2026-07-30150.33167.13-0.64WTS ahead
2026-07-29148.50163.26-0.48near the usual relationship
2026-07-28154.73168.33-0.33near the usual relationship
2026-07-27154.16167.90-0.35near the usual relationship
2026-07-24154.20167.29-0.30near the usual relationship
2026-07-23153.88166.91-0.29near the usual relationship
2026-07-22151.58165.88-0.42near the usual relationship
2026-07-21149.83165.81-0.58WTS ahead
2026-07-20148.46165.38-0.67WTS ahead
2026-07-17148.84168.25-0.89WTS ahead
2026-07-16149.64171.64-1.10WTS ahead
2026-07-15148.80169.60-1.01WTS ahead
2026-07-14150.61169.99-0.87WTS ahead
2026-07-13148.53168.44-0.94WTS ahead
2026-07-10150.10171.13-1.02WTS ahead
2026-07-09148.21169.01-1.02WTS ahead
2026-07-08146.64169.04-1.18WTS ahead
2026-07-07149.51173.53-1.29WTS ahead
2026-07-06151.67179.49-1.57WTS ahead
2026-07-02150.35178.99-1.67WTS ahead
2026-07-01150.49185.14-2.17WTS ahead
2026-06-30152.73190.12-2.38WTS ahead
2026-06-29150.49174.32-1.32WTS ahead
2026-06-26151.29174.48-1.26WTS ahead
2026-06-25154.57182.17-1.59WTS ahead
2026-06-24150.07172.43-1.21WTS ahead
2026-06-23147.96165.82-0.84WTS ahead
2026-06-22150.23169.99-0.98WTS ahead
2026-06-18148.85167.02-0.85WTS ahead
2026-06-17147.71163.34-0.64WTS ahead
2026-06-16146.54164.64-0.87WTS ahead
2026-06-15143.47161.86-0.93WTS ahead
2026-06-12141.07161.78-1.17WTS ahead
2026-06-11140.90155.85-0.64WTS ahead
2026-06-10136.72152.19-0.73WTS ahead
2026-06-09141.39155.33-0.53WTS ahead
2026-06-08137.90153.22-0.70WTS ahead
2026-06-05137.77152.60-0.65WTS ahead
2026-06-04136.19153.02-0.86WTS ahead
2026-06-03132.84152.82-1.21WTS ahead
2026-06-02130.59150.69-1.26WTS ahead
2026-06-01128.55149.09-1.34WTS ahead
2026-05-29131.88150.06-1.06WTS ahead
2026-05-28133.16151.09-1.01WTS ahead
2026-05-27133.76152.89-1.12WTS ahead
2026-05-26135.54151.39-0.78WTS ahead
2026-05-22135.37146.89-0.35near the usual relationship
2026-05-21135.02145.95-0.29near the usual relationship
2026-05-20134.20145.29-0.31near the usual relationship
2026-05-19133.12143.80-0.28near the usual relationship
2026-05-18134.04146.64-0.46near the usual relationship
2026-05-15134.71144.15-0.14near the usual relationship
2026-05-14137.47146.37-0.06near the usual relationship
2026-05-13137.78145.70+0.04near the usual relationship
2026-05-12137.61145.68+0.03near the usual relationship
2026-05-11136.52144.81+0.01near the usual relationship
2026-05-08137.22144.20+0.14near the usual relationship
2026-05-07138.48142.86+0.41near the usual relationship
2026-05-06140.94141.81+0.78PH ahead
2026-05-05136.26141.67+0.31near the usual relationship
2026-05-04135.49140.81+0.32near the usual relationship
2026-05-01137.75142.59+0.38near the usual relationship
2026-04-30142.00145.78+0.50PH ahead
2026-04-29147.95144.38+1.25PH ahead
2026-04-28150.25144.83+1.44PH ahead
2026-04-27152.14147.58+1.36PH ahead
2026-04-24152.16146.29+1.50PH ahead
2026-04-23152.06147.35+1.40PH ahead
2026-04-22149.03145.96+1.25PH ahead
2026-04-21151.88144.15+1.74PH ahead
2026-04-20155.59142.71+2.28PH ahead
2026-04-17154.39146.89+1.75PH ahead
2026-04-16149.43145.58+1.40PH ahead
2026-04-15150.48147.48+1.32PH ahead
2026-04-14153.80149.95+1.41PH ahead
2026-04-13154.50150.31+1.45PH ahead
2026-04-10153.68147.03+1.72PH ahead
2026-04-09153.49147.74+1.64PH ahead
2026-04-08150.84146.26+1.54PH ahead
2026-04-07142.55140.89+1.25PH ahead
2026-04-06142.42139.85+1.36PH ahead
2026-04-02141.79140.32+1.25PH ahead
2026-04-01143.77142.31+1.25PH ahead
2026-03-31139.79140.99+0.96PH ahead
2026-03-30134.51137.83+0.71PH ahead
2026-03-27138.72139.39+1.02PH ahead
2026-03-26140.76140.99+1.07PH ahead
2026-03-25143.89144.63+1.02PH ahead
2026-03-24144.37144.95+1.04PH ahead
2026-03-23141.47143.05+0.93PH ahead
2026-03-20139.66140.63+1.00PH ahead
2026-03-19140.53142.50+0.90PH ahead
2026-03-18142.46144.01+0.95PH ahead
2026-03-17139.48146.31+0.36near the usual relationship
2026-03-16139.69146.09+0.41near the usual relationship
2026-03-13138.95144.63+0.49near the usual relationship
2026-03-12140.87147.29+0.42near the usual relationship
2026-03-11146.85149.63+0.84PH ahead
2026-03-10148.40148.89+1.09PH ahead
2026-03-09145.55149.96+0.66PH ahead
2026-03-06144.23148.69+0.65PH ahead
2026-03-05150.74152.10+1.00PH ahead
2026-03-04154.24155.23+1.04PH ahead
2026-03-03154.37155.84+0.99PH ahead
2026-03-02157.92158.19+1.12PH ahead
2026-02-27157.58159.66+0.93PH ahead
2026-02-26158.48160.30+0.96PH ahead
2026-02-25157.99160.34+0.90PH ahead
2026-02-24159.74160.65+1.05PH ahead
2026-02-23157.54157.36+1.16PH ahead
2026-02-20159.61158.66+1.23PH ahead
2026-02-19158.09159.94+0.94PH ahead
2026-02-18155.75160.23+0.67PH ahead
2026-02-17157.69160.02+0.88PH ahead
2026-02-13156.42159.56+0.80PH ahead
2026-02-12153.36163.27+0.12near the usual relationship
2026-02-11155.49152.87+1.37PH ahead
2026-02-10154.83153.00+1.28PH ahead
2026-02-09152.84155.30+0.83PH ahead
2026-02-06152.47155.04+0.81PH ahead
2026-02-05151.09149.98+1.17PH ahead
2026-02-04151.14149.06+1.25PH ahead
2026-02-03150.57147.72+1.31PH ahead
2026-02-02148.65148.36+1.04PH ahead
2026-01-30146.12145.37+1.09PH ahead
2026-01-29148.09144.54+1.37PH ahead
2026-01-28143.07142.58+1.06PH ahead
2026-01-27144.58144.55+1.01PH ahead
2026-01-26145.69144.93+1.08PH ahead
2026-01-23144.90145.48+0.94PH ahead
2026-01-22146.66147.41+0.92PH ahead
2026-01-21147.60146.24+1.13PH ahead
2026-01-20145.13140.51+1.47PH ahead
2026-01-16147.44144.39+1.30PH ahead
2026-01-15147.49144.15+1.33PH ahead
2026-01-14146.18141.02+1.52PH ahead
2026-01-13146.52140.86+1.57PH ahead
2026-01-12145.05139.75+1.54PH ahead
2026-01-09143.81139.60+1.43PH ahead
2026-01-08141.54139.06+1.26PH ahead
2026-01-07141.84136.78+1.54PH ahead
2026-01-06145.02138.12+1.73PH ahead
2026-01-05141.60136.70+1.53PH ahead
2026-01-02139.59135.30+1.48PH ahead
2025-12-31137.24134.06+1.36PH ahead
2025-12-30138.78136.01+1.31PH ahead
2025-12-29139.05137.26+1.21PH ahead
2025-12-26138.67138.06+1.08PH ahead
2025-12-24138.62137.81+1.09PH ahead
2025-12-23138.52138.53+1.00PH ahead
2025-12-22138.42137.58+1.10PH ahead
2025-12-19136.60135.92+1.08PH ahead
2025-12-18135.52136.50+0.90PH ahead
2025-12-17134.78134.84+1.00PH ahead
2025-12-16136.55135.62+1.11PH ahead
2025-12-15137.95136.60+1.16PH ahead
2025-12-12138.17135.56+1.30PH ahead
2025-12-11140.39134.98+1.61PH ahead
2025-12-10138.85133.53+1.60PH ahead
2025-12-09134.74129.83+1.57PH ahead
2025-12-08137.35131.68+1.65PH ahead
2025-12-05137.41132.42+1.57PH ahead
2025-12-04136.42133.04+1.39PH ahead
2025-12-03135.72133.55+1.25PH ahead
2025-12-02134.12131.68+1.28PH ahead
2025-12-01133.68132.54+1.12PH ahead
2025-11-28134.55133.99+1.05PH ahead
2025-11-26134.52134.89+0.94PH ahead
2025-11-25133.04134.92+0.77PH ahead
2025-11-24131.16131.32+0.95PH ahead
2025-11-21131.09132.34+0.82PH ahead
2025-11-20127.94129.36+0.79PH ahead
2025-11-19128.14129.55+0.78PH ahead
2025-11-18127.62129.61+0.71PH ahead
2025-11-17128.19128.87+0.84PH ahead
2025-11-14129.90131.05+0.78PH ahead
2025-11-13131.46132.09+0.83PH ahead
2025-11-12133.40134.25+0.80PH ahead
2025-11-11133.96133.85+0.89PH ahead
2025-11-10131.26133.97+0.59PH ahead
2025-11-07131.79132.69+0.77PH ahead
2025-11-06130.25128.00+1.09PH ahead
2025-11-05120.88137.08-0.86WTS ahead
2025-11-04120.07133.41-0.59WTS ahead
2025-11-03120.52132.01-0.40near the usual relationship
2025-10-31120.67132.39-0.43near the usual relationship
2025-10-30120.91132.62-0.43near the usual relationship
2025-10-29121.02132.66-0.43near the usual relationship
2025-10-28119.76133.79-0.69WTS ahead
2025-10-27120.88134.24-0.61WTS ahead
2025-10-24120.54135.28-0.76WTS ahead
2025-10-23119.64135.27-0.87WTS ahead
2025-10-22115.76136.73-1.46WTS ahead
2025-10-21118.33136.77-1.18WTS ahead
2025-10-20115.55136.79-1.52WTS ahead
2025-10-17114.54133.89-1.36WTS ahead
2025-10-16113.38134.08-1.53WTS ahead
2025-10-15115.21134.91-1.41WTS ahead
2025-10-14115.00133.34-1.29WTS ahead
2025-10-13113.77131.73-1.28WTS ahead
2025-10-10111.90129.83-1.32WTS ahead
2025-10-09115.35132.92-1.23WTS ahead
2025-10-08117.63136.17-1.31WTS ahead
2025-10-07117.21135.03-1.25WTS ahead
2025-10-06119.21137.40-1.27WTS ahead
2025-10-03119.17137.12-1.26WTS ahead
2025-10-02118.38136.32-1.28WTS ahead
2025-10-01117.92135.21-1.23WTS ahead
2025-09-30118.38135.64-1.23WTS ahead
2025-09-29117.66134.22-1.17WTS ahead
2025-09-26117.22135.22-1.34WTS ahead
2025-09-25116.34133.62-1.29WTS ahead
2025-09-24116.91133.93-1.26WTS ahead
2025-09-23118.69135.72-1.25WTS ahead
2025-09-22118.66135.98-1.29WTS ahead
2025-09-19117.99136.44-1.43WTS ahead
2025-09-18118.00138.83-1.70WTS ahead
2025-09-17115.31136.05-1.75WTS ahead
2025-09-16117.74136.61-1.52WTS ahead
2025-09-15118.66136.87-1.45WTS ahead
2025-09-12118.48136.69-1.47WTS ahead
2025-09-11120.18137.80-1.39WTS ahead
2025-09-10119.49135.25-1.21WTS ahead
2025-09-09117.93134.11-1.29WTS ahead
2025-09-08118.70137.80-1.61WTS ahead
2025-09-05118.44136.14-1.47WTS ahead
2025-09-04118.19135.85-1.48WTS ahead
2025-09-03116.88133.91-1.45WTS ahead
2025-09-02117.10134.89-1.54WTS ahead
2025-08-29118.57134.48-1.32WTS ahead
2025-08-28119.74137.30-1.50WTS ahead
2025-08-27119.93138.11-1.58WTS ahead
2025-08-26118.91137.47-1.66WTS ahead
2025-08-25117.15136.48-1.79WTS ahead
2025-08-22117.47136.27-1.75WTS ahead
2025-08-21114.46131.71-1.64WTS ahead
2025-08-20116.01134.17-1.73WTS ahead
2025-08-19116.21135.11-1.84WTS ahead
2025-08-18114.95133.27-1.81WTS ahead
2025-08-15113.98131.59-1.76WTS ahead
2025-08-14116.38133.28-1.65WTS ahead
2025-08-13118.99134.66-1.48WTS ahead
2025-08-12117.43132.47-1.44WTS ahead
2025-08-11114.09129.66-1.55WTS ahead
2025-08-08113.63127.36-1.31WTS ahead
2025-08-07113.26126.61-1.26WTS ahead
2025-08-06108.85128.09-2.07WTS ahead
2025-08-05111.62128.09-1.66WTS ahead
2025-08-04112.27127.08-1.44WTS ahead
2025-08-01111.19125.80-1.43WTS ahead
2025-07-31114.28127.40-1.19WTS ahead
2025-07-30114.30126.72-1.10WTS ahead
2025-07-29114.74122.63-0.52WTS ahead
2025-07-28115.40122.49-0.41near the usual relationship
2025-07-25115.36122.77-0.44near the usual relationship
2025-07-24113.92122.37-0.58WTS ahead
2025-07-23113.70122.05-0.57WTS ahead
2025-07-22112.60121.34-0.62WTS ahead
2025-07-21111.05120.78-0.76WTS ahead
2025-07-18112.83121.97-0.67WTS ahead
2025-07-17112.93122.16-0.68WTS ahead
2025-07-16110.90119.97-0.68WTS ahead
2025-07-15110.65120.33-0.76WTS ahead
2025-07-14111.19122.72-0.99WTS ahead
2025-07-11111.63123.67-1.05WTS ahead
2025-07-10111.53125.38-1.27WTS ahead
2025-07-09110.48124.61-1.33WTS ahead
2025-07-08110.38123.59-1.22WTS ahead
2025-07-07110.33121.40-0.95WTS ahead
2025-07-03112.29123.99-1.00WTS ahead
2025-07-02111.09122.72-1.01WTS ahead
2025-07-01109.81121.81-1.07WTS ahead
2025-06-30109.06119.42-0.87WTS ahead
2025-06-27109.38119.45-0.82WTS ahead
2025-06-26108.01120.07-1.09WTS ahead
2025-06-25105.16118.52-1.30WTS ahead
2025-06-24105.44119.54-1.39WTS ahead
2025-06-23103.71119.05-1.57WTS ahead
2025-06-20101.92116.57-1.52WTS ahead
2025-06-18101.85117.07-1.59WTS ahead
2025-06-17101.84116.81-1.56WTS ahead
2025-06-16103.34117.15-1.39WTS ahead
2025-06-13102.13116.00-1.42WTS ahead
2025-06-12104.13117.46-1.32WTS ahead
2025-06-11104.89118.89-1.39WTS ahead
2025-06-10104.76119.13-1.44WTS ahead
2025-06-09104.60119.11-1.46WTS ahead
2025-06-06104.81118.82-1.39WTS ahead
2025-06-05103.36116.95-1.35WTS ahead
2025-06-04103.86116.29-1.19WTS ahead
2025-06-03103.79116.98-1.28WTS ahead
2025-06-02103.10116.22-1.28WTS ahead
2025-05-30103.79117.59-1.34WTS ahead
2025-05-29104.18117.82-1.30WTS ahead
2025-05-28104.04117.12-1.21WTS ahead
2025-05-27104.76118.61-1.28WTS ahead
2025-05-23102.27115.25-1.20WTS ahead
2025-05-22102.64116.09-1.23WTS ahead
2025-05-21103.33115.60-1.06WTS ahead
2025-05-20106.18118.42-1.00WTS ahead
2025-05-19106.06119.70-1.15WTS ahead
2025-05-16106.24118.56-0.99WTS ahead
2025-05-15105.03117.10-0.96WTS ahead
2025-05-14105.37116.65-0.86WTS ahead
2025-05-13105.93118.20-0.96WTS ahead
2025-05-12104.42119.42-1.29WTS ahead
2025-05-09101.12114.86-1.19WTS ahead
2025-05-08100.17114.13-1.22WTS ahead
2025-05-0797.28102.76-0.20near the usual relationship
2025-05-0695.86102.88-0.41near the usual relationship
2025-05-0596.27103.77-0.46near the usual relationship
2025-05-0296.66104.38-0.48near the usual relationship
2025-05-0195.27102.24-0.39near the usual relationship
2025-04-3094.48100.90-0.32near the usual relationship
2025-04-2994.11100.46-0.31near the usual relationship
2025-04-2893.23100.17-0.39near the usual relationship
2025-04-2593.38100.46-0.40near the usual relationship
2025-04-2493.19101.76-0.59WTS ahead
2025-04-2390.6999.37-0.63WTS ahead
2025-04-2288.4899.17-0.92WTS ahead
2025-04-2185.4693.86-0.65WTS ahead
2025-04-1787.6095.70-0.58WTS ahead
2025-04-1687.3595.89-0.64WTS ahead
2025-04-1588.7396.30-0.49near the usual relationship
2025-04-1488.9495.00-0.28near the usual relationship
2025-04-1188.2894.08-0.25near the usual relationship
2025-04-1087.4792.07-0.09near the usual relationship
2025-04-0993.0894.81+0.33near the usual relationship
2025-04-0882.0587.62-0.26near the usual relationship
2025-04-0783.0188.84-0.29near the usual relationship
2025-04-0480.7691.05-0.94WTS ahead
2025-04-0386.9294.92-0.53WTS ahead
2025-04-0298.21101.26+0.19near the usual relationship
2025-04-0195.23100.12-0.05near the usual relationship
2025-03-3194.9199.04+0.05near the usual relationship
2025-03-2893.9199.07-0.08near the usual relationship
2025-03-2797.79101.67+0.11near the usual relationship
2025-03-2699.54103.11+0.16near the usual relationship
2025-03-25101.71102.67+0.48near the usual relationship
2025-03-24100.33103.21+0.26near the usual relationship
2025-03-2197.14100.51+0.19near the usual relationship
2025-03-2097.55102.14+0.05near the usual relationship
2025-03-1998.37103.51+0.00near the usual relationship
2025-03-1896.25102.92-0.19near the usual relationship
2025-03-1797.06103.92-0.20near the usual relationship
2025-03-1494.92102.48-0.29near the usual relationship
2025-03-1392.38100.24-0.35near the usual relationship
2025-03-1295.74101.53-0.07near the usual relationship
2025-03-1195.43101.53-0.10near the usual relationship
2025-03-1094.72103.95-0.46near the usual relationship
2025-03-0799.11104.44+0.02near the usual relationship
2025-03-0698.52102.80+0.14near the usual relationship
2025-03-0599.94101.60+0.45near the usual relationship
2025-03-0497.5799.37+0.43near the usual relationship
2025-03-03101.58101.88+0.62PH ahead
2025-02-28104.38104.22+0.67PH ahead
2025-02-27102.27103.10+0.57PH ahead
2025-02-26103.15103.59+0.62PH ahead
2025-02-25102.61104.59+0.45near the usual relationship
2025-02-24102.91103.36+0.63PH ahead
2025-02-21104.14104.40+0.66PH ahead
2025-02-20108.59106.61+0.90PH ahead
2025-02-19109.54106.13+1.06PH ahead
2025-02-18108.59105.99+0.98PH ahead
2025-02-14109.34103.87+1.30PH ahead
2025-02-13108.33106.88+0.88PH ahead
2025-02-12105.93107.37+0.58PH ahead
2025-02-11106.33109.12+0.45near the usual relationship
2025-02-10106.28101.38+1.26PH ahead
2025-02-07106.7999.59+1.52PH ahead
2025-02-06107.99100.59+1.55PH ahead
2025-02-05107.5699.96+1.59PH ahead
2025-02-04107.6999.93+1.62PH ahead
2025-02-03108.6499.79+1.74PH ahead
2025-01-31110.40100.43+1.85PH ahead
2025-01-30109.91100.67+1.79PH ahead
2025-01-29103.96100.82+1.17PH ahead
2025-01-28104.03102.58+1.00PH ahead
2025-01-27103.49102.57+0.95PH ahead
2025-01-24106.07102.26+1.25PH ahead
2025-01-23106.19102.74+1.22PH ahead
2025-01-22105.32102.51+1.16PH ahead
2025-01-21105.93103.44+1.13PH ahead
2025-01-17104.53100.75+1.27PH ahead
2025-01-16102.84100.69+1.11PH ahead
2025-01-15102.4899.36+1.22PH ahead
2025-01-14101.0398.46+1.17PH ahead
2025-01-1399.6296.78+1.21PH ahead
2025-01-1098.3894.84+1.30PH ahead
2025-01-08100.1797.94+1.16PH ahead
2025-01-0799.1997.17+1.15PH ahead
2025-01-06100.0998.10+1.15PH ahead
2025-01-0399.5798.68+1.05PH ahead
2025-01-0298.2997.42+1.05PH ahead
2024-12-3199.3198.74+1.02PH ahead
2024-12-3099.4398.54+1.06PH ahead
2024-12-27100.5398.94+1.13PH ahead
2024-12-26101.71100.47+1.10PH ahead
2024-12-24101.8999.47+1.21PH ahead
2024-12-23100.8198.93+1.17PH ahead
2024-12-20101.0698.12+1.28PH ahead
2024-12-1999.8298.80+1.10PH ahead
2024-12-18100.5299.84+1.08PH ahead
2024-12-17103.99104.30+0.99PH ahead
2024-12-16105.20106.20+0.94PH ahead
2024-12-13104.90105.83+0.95PH ahead
2024-12-12106.58107.02+1.00PH ahead
2024-12-11107.17107.56+1.01PH ahead
2024-12-10105.85106.77+0.97PH ahead
2024-12-09107.11105.79+1.16PH ahead
2024-12-06108.70104.50+1.41PH ahead
2024-12-05108.47104.63+1.39PH ahead
2024-12-04108.75105.00+1.39PH ahead
2024-12-03109.44103.89+1.55PH ahead
2024-12-02109.41104.38+1.51PH ahead
2024-11-29109.75104.80+1.52PH ahead
2024-11-27109.28104.46+1.52PH ahead
2024-11-26110.37104.35+1.62PH ahead
2024-11-25109.99106.10+1.46PH ahead
2024-11-22110.37104.50+1.63PH ahead
2024-11-21109.72102.38+1.77PH ahead
2024-11-20107.81100.32+1.81PH ahead
2024-11-19107.70100.87+1.77PH ahead
2024-11-18108.00102.56+1.66PH ahead
2024-11-15109.13102.49+1.78PH ahead
2024-11-14108.93102.94+1.73PH ahead
2024-11-13110.31102.07+1.93PH ahead
2024-11-12109.19100.40+2.01PH ahead
2024-11-11110.57102.95+1.92PH ahead
2024-11-08108.61101.24+1.92PH ahead
2024-11-07107.70100.65+1.92PH ahead
2024-11-06110.78103.05+1.98PH ahead
2024-11-05102.0397.07+1.79PH ahead
2024-11-0499.6295.03+1.79PH ahead
2024-11-0199.1694.07+1.85PH ahead
2024-10-3199.0192.56+1.99PH ahead
2024-10-3097.4896.04+1.55PH ahead
2024-10-2997.6196.05+1.57PH ahead
2024-10-2897.3895.78+1.59PH ahead
2024-10-2597.0895.70+1.58PH ahead
2024-10-2497.4596.60+1.54PH ahead
2024-10-2398.3297.33+1.56PH ahead
2024-10-2298.2697.48+1.56PH ahead
2024-10-2199.8198.91+1.58PH ahead
2024-10-18100.00100.00+1.51PH ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Feb 11, 2025 (PH +0.1%, WTS +7.6%); May 8, 2025 (PH +3.0%, WTS +11.1%); Nov 6, 2025 (PH +7.8%, WTS -6.6%); Feb 12, 2026 (PH -1.4%, WTS +6.8%); Jun 30, 2026 (PH +1.5%, WTS +9.1%). Upcoming earnings: WTS Nov 4, 2026 (after-hours); PH Nov 5, 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)

3 simulated trades to Oct 20, 2026: -0.59% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long WTS · Short PHJul 11, 2023Aug 10, 2023divergence stop30-$87.25-$69.19-$162.51 (-1.63%)
Long WTS · Short PHJun 16, 2023Jul 10, 2023divergence stop24-$529.13-$66.08-$599.97 (-6.00%)
Long PH · Short WTSMar 20, 2023Mar 28, 2023converged8$647.50-$64.73$584.39 (+5.84%)

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

The companies

PH and WTS at a glance

PH Parker-Hannifin Corporation

Listing
NYSE · SEC CIK 76334
Industry
Metal Fabrications · SIC 3490 Miscellaneous Fabricated Metal Products
Market value
$121.9B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

WTS Watts Water Technologies Inc.

Listing
NYSE · SEC CIK 795403
Industry
Metal Fabrications · SIC 3490 Miscellaneous Fabricated Metal Products
Market value
$11.9B
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.

Related
All pairs →
PairStatusAhead nowIndustry
CR / WTSWatchlistWTS by 2.21 sdSIC 3490 Miscellaneous Fabricated Metal Products
PH / CRWatchlistneitherSIC 3490 Miscellaneous Fabricated Metal 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.