SIC 4512 Air Transportation, Scheduled

Ryanair Holdings plc vs United Airlines Holdings Inc.

WatchlistRYAAY / UALPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($31B vs $28B) with SEC SIC 4512 (Air Transportation, Scheduled).

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: 0.59 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.50 (needs <= -2.873 (5% critical value))
Business leadership

Business size

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

YearRYAAYUALLarger
2025-$59.1B-
2024-$57.1B-
2023-$53.7B-
2022-$45.0B-
2021-$24.6B-
2020-$15.4B-

Market value: RYAAY $27.6B, UAL $31.0B.

Stock leadership

UAL is ahead now

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

UAL leads RYAAY by 0.71 standard deviations: +9.3% over its usual price ratio. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
RYAAY-5.6%-5.6%-12.5%
UAL-13.8%+11.8%+1.9%
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: 0.59 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.50 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 35.55 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

RYAAY Ryanair Holdings plc UAL United Airlines Holdings 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 2026RYAAY 118UAL 138
Spread z-score: RYAAY relative to UAL, against the 252 sessions before each day. Above 0: RYAAY ahead; below 0: UAL ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateRYAAY indexUAL indexzAhead
2026-10-22118.14137.56-0.71UAL ahead
2026-10-21119.08137.11-0.63UAL ahead
2026-10-20118.86131.85-0.33near the usual relationship
2026-10-19115.58128.93-0.38near the usual relationship
2026-10-16115.65129.60-0.42near the usual relationship
2026-10-15114.66136.63-0.92UAL ahead
2026-10-14112.99133.46-0.85UAL ahead
2026-10-13116.31139.22-0.97UAL ahead
2026-10-12116.66140.85-1.04UAL ahead
2026-10-09119.39144.92-1.09UAL ahead
2026-10-08118.95144.90-1.13UAL ahead
2026-10-07123.27148.58-1.05UAL ahead
2026-10-06122.97150.87-1.21UAL ahead
2026-10-05120.41148.35-1.25UAL ahead
2026-10-02121.18151.73-1.40UAL ahead
2026-10-01119.26150.75-1.49UAL ahead
2026-09-30121.09149.63-1.31UAL ahead
2026-09-29122.14151.92-1.38UAL ahead
2026-09-28121.35150.38-1.35UAL ahead
2026-09-25121.73153.73-1.52UAL ahead
2026-09-24118.95149.95-1.52UAL ahead
2026-09-23120.38149.32-1.39UAL ahead
2026-09-22122.94155.37-1.55UAL ahead
2026-09-21119.52154.27-1.74UAL ahead
2026-09-18117.79146.61-1.44UAL ahead
2026-09-17117.76145.17-1.37UAL ahead
2026-09-16115.85143.36-1.41UAL ahead
2026-09-15114.35144.19-1.58UAL ahead
2026-09-14117.02146.95-1.56UAL ahead
2026-09-11118.42148.11-1.53UAL ahead
2026-09-10116.66143.61-1.41UAL ahead
2026-09-09119.41144.46-1.26UAL ahead
2026-09-08119.68145.97-1.34UAL ahead
2026-09-04121.86150.21-1.44UAL ahead
2026-09-03120.41146.54-1.34UAL ahead
2026-09-02119.79146.12-1.37UAL ahead
2026-09-01118.47141.11-1.17UAL ahead
2026-08-31121.88145.64-1.21UAL ahead
2026-08-28123.55149.16-1.31UAL ahead
2026-08-27122.06151.57-1.58UAL ahead
2026-08-26124.79154.86-1.59UAL ahead
2026-08-25126.08158.34-1.71UAL ahead
2026-08-24124.57153.16-1.53UAL ahead
2026-08-21122.83152.62-1.64UAL ahead
2026-08-20119.99150.65-1.76UAL ahead
2026-08-19120.60156.14-2.06UAL ahead
2026-08-18121.97160.11-2.22UAL ahead
2026-08-17126.22164.88-2.20UAL ahead
2026-08-14129.45169.04-2.23UAL ahead
2026-08-13130.24170.40-2.28UAL ahead
2026-08-12130.66168.74-2.18UAL ahead
2026-08-11130.68170.34-2.29UAL ahead
2026-08-10130.99166.90-2.09UAL ahead
2026-08-07132.49174.73-2.45UAL ahead
2026-08-06133.28174.13-2.39UAL ahead
2026-08-05134.69179.04-2.59UAL ahead
2026-08-04132.49178.85-2.78UAL ahead
2026-08-03131.98173.15-2.53UAL ahead
2026-07-31128.79163.63-2.25UAL ahead
2026-07-30132.45166.64-2.18UAL ahead
2026-07-29127.36161.05-2.26UAL ahead
2026-07-28131.61166.92-2.32UAL ahead
2026-07-27126.50162.60-2.49UAL ahead
2026-07-24125.14159.50-2.44UAL ahead
2026-07-23124.04155.56-2.31UAL ahead
2026-07-22128.57158.14-2.13UAL ahead
2026-07-21129.43158.73-2.13UAL ahead
2026-07-20129.67158.49-2.12UAL ahead
2026-07-17137.73155.64-1.30UAL ahead
2026-07-16146.07160.23-0.99UAL ahead
2026-07-15146.67163.14-1.15UAL ahead
2026-07-14141.51162.31-1.49UAL ahead
2026-07-13140.68163.40-1.64UAL ahead
2026-07-10142.26169.93-1.96UAL ahead
2026-07-09141.21174.04-2.32UAL ahead
2026-07-08144.20170.22-1.87UAL ahead
2026-07-07146.05173.04-1.93UAL ahead
2026-07-06147.61178.69-2.19UAL ahead
2026-07-02144.16179.80-2.55UAL ahead
2026-07-01139.73182.24-3.10UAL ahead
2026-06-30142.53183.40-3.01UAL ahead
2026-06-29141.58182.32-3.07UAL ahead
2026-06-26141.95183.56-3.17UAL ahead
2026-06-25141.25181.53-3.17UAL ahead
2026-06-24140.28176.05-2.94UAL ahead
2026-06-23137.27163.92-2.38UAL ahead
2026-06-22138.10160.05-2.04UAL ahead
2026-06-18134.80159.57-2.31UAL ahead
2026-06-17133.48156.21-2.20UAL ahead
2026-06-16136.80159.82-2.20UAL ahead
2026-06-15136.19161.79-2.43UAL ahead
2026-06-12132.80155.79-2.31UAL ahead
2026-06-11130.73151.87-2.22UAL ahead
2026-06-10122.72138.61-1.89UAL ahead
2026-06-09127.67147.85-2.23UAL ahead
2026-06-08123.99142.04-2.12UAL ahead
2026-06-05125.42142.59-2.05UAL ahead
2026-06-04125.40141.52-1.99UAL ahead
2026-06-03125.80141.79-1.99UAL ahead
2026-06-02129.25146.76-2.11UAL ahead
2026-06-01130.66150.72-2.34UAL ahead
2026-05-29133.79154.82-2.41UAL ahead
2026-05-28134.80155.17-2.37UAL ahead
2026-05-27134.49151.88-2.14UAL ahead
2026-05-26132.71142.85-1.53UAL ahead
2026-05-22131.23134.81-0.93UAL ahead
2026-05-21126.39134.38-1.39UAL ahead
2026-05-20125.23132.19-1.31UAL ahead
2026-05-19119.22120.19-0.72UAL ahead
2026-05-18123.46124.81-0.76UAL ahead
2026-05-15117.46125.22-1.46UAL ahead
2026-05-14121.53129.49-1.46UAL ahead
2026-05-13120.93129.06-1.49UAL ahead
2026-05-12123.88129.25-1.20UAL ahead
2026-05-11124.59130.30-1.24UAL ahead
2026-05-08127.82134.30-1.31UAL ahead
2026-05-07130.57134.46-1.05UAL ahead
2026-05-06128.84134.92-1.29UAL ahead
2026-05-05119.81126.33-1.39UAL ahead
2026-05-04117.19121.47-1.17UAL ahead
2026-05-01119.90124.77-1.24UAL ahead
2026-04-30120.29121.38-0.83UAL ahead
2026-04-29118.67119.51-0.81UAL ahead
2026-04-28119.79121.93-0.96UAL ahead
2026-04-27122.23123.94-0.92UAL ahead
2026-04-24124.74125.42-0.81UAL ahead
2026-04-23125.20123.06-0.51UAL ahead
2026-04-22129.12123.68-0.17near the usual relationship
2026-04-21130.20130.99-0.83UAL ahead
2026-04-20133.15133.39-0.78UAL ahead
2026-04-17136.54137.29-0.84UAL ahead
2026-04-16126.30128.16-0.96UAL ahead
2026-04-15136.41127.13+0.17near the usual relationship
2026-04-14137.68131.09-0.12near the usual relationship
2026-04-13136.78128.39+0.08near the usual relationship
2026-04-10137.27130.01-0.05near the usual relationship
2026-04-09139.86131.72+0.02near the usual relationship
2026-04-08141.32129.87+0.35near the usual relationship
2026-04-07128.31120.42+0.06near the usual relationship
2026-04-06129.14122.68-0.09near the usual relationship
2026-04-02129.30124.36-0.25near the usual relationship
2026-04-01132.12128.23-0.37near the usual relationship
2026-03-31127.23124.17-0.45near the usual relationship
2026-03-30123.02114.92+0.14near the usual relationship
2026-03-27128.73119.27+0.25near the usual relationship
2026-03-26133.59125.00+0.13near the usual relationship
2026-03-25135.09125.35+0.24near the usual relationship
2026-03-24132.42126.18-0.10near the usual relationship
2026-03-23130.53126.72-0.34near the usual relationship
2026-03-20126.85121.31-0.15near the usual relationship
2026-03-19130.97126.97-0.33near the usual relationship
2026-03-18131.63124.76-0.03near the usual relationship
2026-03-17135.48125.68+0.25near the usual relationship
2026-03-16136.78121.75+0.79RYAAY ahead
2026-03-13134.91116.79+1.16RYAAY ahead
2026-03-12135.31116.70+1.22RYAAY ahead
2026-03-11140.74122.29+1.13RYAAY ahead
2026-03-10140.63122.86+1.07RYAAY ahead
2026-03-09138.78127.47+0.42near the usual relationship
2026-03-06139.95124.17+0.87RYAAY ahead
2026-03-05136.14128.70+0.06near the usual relationship
2026-03-04143.34135.51+0.07near the usual relationship
2026-03-03140.85138.29-0.39near the usual relationship
2026-03-02143.74139.19-0.21near the usual relationship
2026-02-27148.56143.36-0.15near the usual relationship
2026-02-26153.26157.02-0.83UAL ahead
2026-02-25147.90152.22-0.85UAL ahead
2026-02-24144.35151.84-1.06UAL ahead
2026-02-23142.22144.53-0.65UAL ahead
2026-02-20141.91152.43-1.19UAL ahead
2026-02-19141.21148.42-0.92UAL ahead
2026-02-18145.28157.69-1.21UAL ahead
2026-02-17146.78153.77-0.83UAL ahead
2026-02-13144.16147.39-0.57UAL ahead
2026-02-12143.28147.40-0.60UAL ahead
2026-02-11143.21153.66-0.95UAL ahead
2026-02-10147.66156.93-0.84UAL ahead
2026-02-09153.03156.71-0.49near the usual relationship
2026-02-06151.02156.32-0.56UAL ahead
2026-02-05148.69143.07+0.07near the usual relationship
2026-02-04156.57147.65+0.24near the usual relationship
2026-02-03155.78149.51+0.11near the usual relationship
2026-02-02158.64144.77+0.51RYAAY ahead
2026-01-30155.40137.99+0.73RYAAY ahead
2026-01-29155.16140.18+0.60RYAAY ahead
2026-01-28151.22141.48+0.34near the usual relationship
2026-01-27149.68140.31+0.34near the usual relationship
2026-01-26151.88145.33+0.19near the usual relationship
2026-01-23156.22145.30+0.41near the usual relationship
2026-01-22156.11148.89+0.24near the usual relationship
2026-01-21155.07149.64+0.16near the usual relationship
2026-01-20152.98146.42+0.23near the usual relationship
2026-01-16150.30153.05-0.18near the usual relationship
2026-01-15151.88156.47-0.24near the usual relationship
2026-01-14149.68149.36-0.02near the usual relationship
2026-01-13149.70154.30-0.21near the usual relationship
2026-01-12152.15155.48-0.15near the usual relationship
2026-01-09153.55158.22-0.19near the usual relationship
2026-01-08155.29155.72-0.02near the usual relationship
2026-01-07157.36157.25+0.01near the usual relationship
2026-01-06157.54158.50-0.02near the usual relationship
2026-01-05162.49154.94+0.31near the usual relationship
2026-01-02159.59152.41+0.31near the usual relationship
2025-12-31158.90150.80+0.35near the usual relationship
2025-12-30160.73150.40+0.44near the usual relationship
2025-12-29160.09150.30+0.43near the usual relationship
2025-12-26162.27153.80+0.38near the usual relationship
2025-12-24161.79154.83+0.33near the usual relationship
2025-12-23160.22153.11+0.35near the usual relationship
2025-12-22160.93156.47+0.25near the usual relationship
2025-12-19159.59153.73+0.31near the usual relationship
2025-12-18157.94152.19+0.31near the usual relationship
2025-12-17155.23148.71+0.35near the usual relationship
2025-12-16155.27151.69+0.25near the usual relationship
2025-12-15156.75145.25+0.55RYAAY ahead
2025-12-12156.75144.09+0.60RYAAY ahead
2025-12-11154.68146.18+0.45near the usual relationship
2025-12-10148.14145.30+0.25near the usual relationship
2025-12-09145.70142.55+0.27near the usual relationship
2025-12-08145.52140.93+0.33near the usual relationship
2025-12-05145.50141.54+0.31near the usual relationship
2025-12-04143.01141.24+0.24near the usual relationship
2025-12-03144.60146.30+0.11near the usual relationship
2025-12-02145.61140.77+0.36near the usual relationship
2025-12-01148.07136.37+0.64RYAAY ahead
2025-11-28150.03137.51+0.67RYAAY ahead
2025-11-26150.56137.01+0.71RYAAY ahead
2025-11-25148.21133.39+0.78RYAAY ahead
2025-11-24142.86128.95+0.77RYAAY ahead
2025-11-21136.76124.34+0.74RYAAY ahead
2025-11-20133.77121.44+0.75RYAAY ahead
2025-11-19136.21123.17+0.78RYAAY ahead
2025-11-18135.44123.96+0.72RYAAY ahead
2025-11-17135.02121.31+0.83RYAAY ahead
2025-11-14138.63128.16+0.68RYAAY ahead
2025-11-13142.22131.05+0.70RYAAY ahead
2025-11-12142.92134.82+0.58RYAAY ahead
2025-11-11142.33128.05+0.84RYAAY ahead
2025-11-10141.87129.66+0.76RYAAY ahead
2025-11-07140.46131.40+0.64RYAAY ahead
2025-11-06139.03129.09+0.68RYAAY ahead
2025-11-05141.29130.34+0.72RYAAY ahead
2025-11-04142.20122.41+1.10RYAAY ahead
2025-11-03143.08129.62+0.83RYAAY ahead
2025-10-31137.53126.82+0.74RYAAY ahead
2025-10-30135.48125.93+0.70RYAAY ahead
2025-10-29134.12129.37+0.50RYAAY ahead
2025-10-28135.00128.04+0.59RYAAY ahead
2025-10-27135.64133.24+0.40near the usual relationship
2025-10-24135.51133.93+0.37near the usual relationship
2025-10-23133.28129.04+0.48near the usual relationship
2025-10-22135.00129.83+0.52RYAAY ahead
2025-10-21135.00135.01+0.31near the usual relationship
2025-10-20136.03136.60+0.29near the usual relationship
2025-10-17136.43133.70+0.41near the usual relationship
2025-10-16135.64132.42+0.43near the usual relationship
2025-10-15133.79140.32+0.04near the usual relationship
2025-10-14135.24139.11+0.14near the usual relationship
2025-10-13134.32133.85+0.31near the usual relationship
2025-10-10132.84130.37+0.38near the usual relationship
2025-10-09132.58136.67+0.12near the usual relationship
2025-10-08136.39132.29+0.44near the usual relationship
2025-10-07133.46130.34+0.40near the usual relationship
2025-10-06131.81130.91+0.30near the usual relationship
2025-10-03130.97128.56+0.36near the usual relationship
2025-10-02132.01127.89+0.42near the usual relationship
2025-10-01130.00125.62+0.43near the usual relationship
2025-09-30132.56130.14+0.34near the usual relationship
2025-09-29127.38133.03+0.01near the usual relationship
2025-09-26127.21132.04+0.03near the usual relationship
2025-09-25124.98133.72-0.13near the usual relationship
2025-09-24124.79136.74-0.26near the usual relationship
2025-09-23125.31140.43-0.38near the usual relationship
2025-09-22121.48140.50-0.54UAL ahead
2025-09-19122.80143.37-0.59UAL ahead
2025-09-18124.92142.12-0.47near the usual relationship
2025-09-17126.79142.29-0.41near the usual relationship
2025-09-16127.25140.53-0.34near the usual relationship
2025-09-15127.93141.00-0.34near the usual relationship
2025-09-12129.17143.74-0.39near the usual relationship
2025-09-11131.68147.48-0.43near the usual relationship
2025-09-10129.36144.99-0.44near the usual relationship
2025-09-09131.45142.48-0.29near the usual relationship
2025-09-08131.65145.34-0.38near the usual relationship
2025-09-05133.19143.75-0.28near the usual relationship
2025-09-04132.71143.02-0.28near the usual relationship
2025-09-03136.67143.17-0.16near the usual relationship
2025-09-02134.27141.17-0.19near the usual relationship
2025-08-29139.71141.60-0.04near the usual relationship
2025-08-28139.29141.71-0.06near the usual relationship
2025-08-27137.97140.54-0.07near the usual relationship
2025-08-26145.17140.43+0.14near the usual relationship
2025-08-25144.20138.02+0.17near the usual relationship
2025-08-22146.86138.88+0.22near the usual relationship
2025-08-21143.36131.07+0.35near the usual relationship
2025-08-20143.89134.65+0.24near the usual relationship
2025-08-19145.45137.82+0.19near the usual relationship
2025-08-18144.57138.06+0.14near the usual relationship
2025-08-15146.67136.12+0.25near the usual relationship
2025-08-14144.93133.70+0.27near the usual relationship
2025-08-13144.77134.58+0.23near the usual relationship
2025-08-12144.16132.80+0.26near the usual relationship
2025-08-11140.15120.47+0.52RYAAY ahead
2025-08-08141.78120.42+0.56RYAAY ahead
2025-08-07142.64118.65+0.63RYAAY ahead
2025-08-06142.22119.85+0.57RYAAY ahead
2025-08-05140.00118.22+0.56RYAAY ahead
2025-08-04140.37117.34+0.59RYAAY ahead
2025-08-01136.74114.05+0.60RYAAY ahead
2025-07-31137.07119.10+0.44near the usual relationship
2025-07-30136.47121.70+0.33near the usual relationship
2025-07-29138.41122.25+0.37near the usual relationship
2025-07-28138.01124.65+0.28near the usual relationship
2025-07-25140.41122.87+0.40near the usual relationship
2025-07-24137.84121.01+0.38near the usual relationship
2025-07-23137.57121.96+0.34near the usual relationship
2025-07-22135.84122.43+0.27near the usual relationship
2025-07-21131.76124.54+0.08near the usual relationship
2025-07-18123.60124.41-0.16near the usual relationship
2025-07-17127.76123.02+0.00near the usual relationship
2025-07-16128.95119.31+0.14near the usual relationship
2025-07-15126.63116.49+0.15near the usual relationship
2025-07-14126.44119.95+0.03near the usual relationship
2025-07-11126.50118.26+0.08near the usual relationship
2025-07-10128.31123.63-0.03near the usual relationship
2025-07-09127.36108.13+0.41near the usual relationship
2025-07-08129.52109.52+0.42near the usual relationship
2025-07-07128.31109.39+0.38near the usual relationship
2025-07-03127.23111.07+0.29near the usual relationship
2025-07-02128.26109.25+0.37near the usual relationship
2025-07-01126.96107.96+0.38near the usual relationship
2025-06-30126.94107.39+0.39near the usual relationship
2025-06-27125.45106.78+0.36near the usual relationship
2025-06-26126.15104.59+0.45near the usual relationship
2025-06-25123.75103.48+0.41near the usual relationship
2025-06-24125.73106.57+0.36near the usual relationship
2025-06-23121.02103.80+0.32near the usual relationship
2025-06-20121.00100.16+0.43near the usual relationship
2025-06-18121.66100.20+0.45near the usual relationship
2025-06-17121.1899.35+0.46near the usual relationship
2025-06-16123.79105.89+0.31near the usual relationship
2025-06-13121.5599.80+0.45near the usual relationship
2025-06-12124.01104.42+0.36near the usual relationship
2025-06-11126.37106.04+0.36near the usual relationship
2025-06-10127.32112.20+0.20near the usual relationship
2025-06-09126.79112.57+0.17near the usual relationship
2025-06-06125.86113.59+0.11near the usual relationship
2025-06-05122.98108.36+0.18near the usual relationship
2025-06-04122.17110.07+0.10near the usual relationship
2025-06-03121.75109.35+0.11near the usual relationship
2025-06-02124.92109.55+0.18near the usual relationship
2025-05-30122.39107.14+0.19near the usual relationship
2025-05-29123.20105.96+0.24near the usual relationship
2025-05-28124.63104.52+0.32near the usual relationship
2025-05-27124.13105.43+0.27near the usual relationship
2025-05-23123.33100.67+0.40near the usual relationship
2025-05-22121.48102.49+0.29near the usual relationship
2025-05-21121.1898.89+0.39near the usual relationship
2025-05-20119.06102.94+0.20near the usual relationship
2025-05-19118.80106.03+0.09near the usual relationship
2025-05-16110.06105.10-0.13near the usual relationship
2025-05-15110.94103.22-0.05near the usual relationship
2025-05-14111.45106.53-0.14near the usual relationship
2025-05-13109.75111.40-0.34near the usual relationship
2025-05-12109.18106.03-0.20near the usual relationship
2025-05-09109.62104.21-0.14near the usual relationship
2025-05-08111.78107.09-0.17near the usual relationship
2025-05-07111.89101.62-0.01near the usual relationship
2025-05-06110.7999.15+0.03near the usual relationship
2025-05-05110.85100.96-0.03near the usual relationship
2025-05-02109.8099.89-0.03near the usual relationship
2025-05-01106.2193.27+0.08near the usual relationship
2025-04-30105.3592.81+0.06near the usual relationship
2025-04-29103.9892.96+0.01near the usual relationship
2025-04-28101.2892.84-0.07near the usual relationship
2025-04-25101.8791.98-0.03near the usual relationship
2025-04-24102.1193.12-0.07near the usual relationship
2025-04-23102.1691.75-0.03near the usual relationship
2025-04-22101.2390.32-0.01near the usual relationship
2025-04-2198.5088.06-0.02near the usual relationship
2025-04-17100.5589.41-0.01near the usual relationship
2025-04-1699.4590.34-0.09near the usual relationship
2025-04-1599.2190.36-0.10near the usual relationship
2025-04-1497.9388.59-0.09near the usual relationship
2025-04-1197.1888.47-0.11near the usual relationship
2025-04-1093.4284.63-0.11near the usual relationship
2025-04-0996.6195.52-0.36near the usual relationship
2025-04-0887.3075.72+0.00near the usual relationship
2025-04-0786.3179.26-0.17near the usual relationship
2025-04-0488.2777.77-0.06near the usual relationship
2025-04-0392.2881.23-0.06near the usual relationship
2025-04-0294.6596.25-0.47near the usual relationship
2025-04-0193.9291.98-0.37near the usual relationship
2025-03-3193.2693.12-0.43near the usual relationship
2025-03-2895.5894.71-0.41near the usual relationship
2025-03-2799.6099.16-0.43near the usual relationship
2025-03-2699.96105.02-0.59UAL ahead
2025-03-25100.20106.41-0.62UAL ahead
2025-03-24101.52108.19-0.64UAL ahead
2025-03-21101.65100.97-0.45near the usual relationship
2025-03-20103.1599.85-0.39near the usual relationship
2025-03-19103.96100.38-0.39near the usual relationship
2025-03-18103.6896.21-0.29near the usual relationship
2025-03-17105.2499.69-0.35near the usual relationship
2025-03-14104.1299.35-0.37near the usual relationship
2025-03-13102.1494.27-0.29near the usual relationship
2025-03-12102.2097.72-0.39near the usual relationship
2025-03-11103.28102.58-0.50UAL ahead
2025-03-10103.79104.68-0.54UAL ahead
2025-03-07106.41111.77-0.65UAL ahead
2025-03-06105.19116.35-0.79UAL ahead
2025-03-05110.24123.09-0.82UAL ahead
2025-03-04102.51116.26-0.87UAL ahead
2025-03-03106.27123.63-0.94UAL ahead
2025-02-28106.82126.51-1.00UAL ahead
2025-02-27105.13124.30-1.00UAL ahead
2025-02-26103.92131.36-1.18UAL ahead
2025-02-25100.37130.25-1.26UAL ahead
2025-02-2499.74131.85-1.32UAL ahead
2025-02-2199.41129.32-1.28UAL ahead
2025-02-20100.22138.22-1.45UAL ahead
2025-02-1998.15143.64-1.61UAL ahead
2025-02-18100.18139.24-1.49UAL ahead
2025-02-1499.80140.61-1.54UAL ahead
2025-02-13100.48136.06-1.45UAL ahead
2025-02-12100.48140.50-1.55UAL ahead
2025-02-1199.05139.33-1.57UAL ahead
2025-02-1099.93143.06-1.63UAL ahead
2025-02-07101.28147.00-1.69UAL ahead
2025-02-06103.10147.20-1.66UAL ahead
2025-02-05103.17145.41-1.64UAL ahead
2025-02-04103.70146.55-1.66UAL ahead
2025-02-03102.03141.38-1.63UAL ahead
2025-01-31102.77142.74-1.65UAL ahead
2025-01-30106.05147.54-1.67UAL ahead
2025-01-29102.99146.00-1.73UAL ahead
2025-01-28104.38143.41-1.67UAL ahead
2025-01-27101.74143.95-1.76UAL ahead
2025-01-24101.56141.60-1.74UAL ahead
2025-01-23100.22138.91-1.74UAL ahead
2025-01-2297.27145.61-1.97UAL ahead
2025-01-2196.46149.05-2.08UAL ahead
2025-01-1791.68144.81-2.17UAL ahead
2025-01-1691.44143.10-2.17UAL ahead
2025-01-1593.07141.55-2.12UAL ahead
2025-01-1493.86145.21-2.20UAL ahead
2025-01-1392.19141.21-2.20UAL ahead
2025-01-1094.56144.45-2.22UAL ahead
2025-01-0897.95139.88-2.06UAL ahead
2025-01-0799.03136.49-1.98UAL ahead
2025-01-0694.96132.93-2.05UAL ahead
2025-01-0394.10129.02-2.01UAL ahead
2025-01-0294.45128.70-2.02UAL ahead
2024-12-3195.95130.95-2.05UAL ahead
2024-12-3096.72132.45-2.09UAL ahead
2024-12-2797.01134.39-2.15UAL ahead
2024-12-2696.68136.04-2.22UAL ahead
2024-12-2497.40136.43-2.24UAL ahead
2024-12-2396.98134.16-2.23UAL ahead
2024-12-2098.39131.36-2.15UAL ahead
2024-12-1997.93128.87-2.13UAL ahead
2024-12-1897.12123.36-2.05UAL ahead
2024-12-17100.00128.11-2.10UAL ahead
2024-12-1698.46128.77-2.20UAL ahead
2024-12-13100.04128.27-2.16UAL ahead
2024-12-12100.31129.43-2.22UAL ahead
2024-12-11101.25133.46-2.32UAL ahead
2024-12-10101.85130.18-2.25UAL ahead
2024-12-09101.06129.49-2.29UAL ahead
2024-12-06102.69135.24-2.42UAL ahead
2024-12-05103.15138.15-2.51UAL ahead
2024-12-0497.75133.85-2.63UAL ahead
2024-12-0398.02129.18-2.55UAL ahead
2024-12-0297.34131.41-2.68UAL ahead
2024-11-2996.94130.59-2.72UAL ahead
2024-11-2796.54129.94-2.77UAL ahead
2024-11-2695.36130.16-2.88UAL ahead
2024-11-2596.39130.59-2.91UAL ahead
2024-11-2294.61128.44-2.98UAL ahead
2024-11-2194.39127.31-3.02UAL ahead
2024-11-2096.72127.62-3.00UAL ahead
2024-11-1999.10127.12-2.95UAL ahead
2024-11-1898.50121.89-2.86UAL ahead
2024-11-1598.77122.95-2.95UAL ahead
2024-11-1499.23122.94-2.99UAL ahead
2024-11-1398.13121.08-3.04UAL ahead
2024-11-12100.09120.20-2.99UAL ahead
2024-11-11102.03120.61-2.99UAL ahead
2024-11-08100.55118.02-3.02UAL ahead
2024-11-07104.12115.21-2.82UAL ahead
2024-11-06100.99118.11-3.14UAL ahead
2024-11-05101.89107.93-2.73UAL ahead
2024-11-0496.98104.18-2.85UAL ahead
2024-11-01100.24108.51-2.95UAL ahead
2024-10-3197.42105.54-3.02UAL ahead
2024-10-3098.79108.46-3.16UAL ahead
2024-10-2998.22103.75-3.03UAL ahead
2024-10-28100.00102.62-2.94UAL ahead
2024-10-2599.19100.66-2.94UAL ahead
2024-10-2498.15100.49-3.05UAL ahead
2024-10-2399.5299.06-2.96UAL ahead
2024-10-22100.40100.46-3.06UAL ahead
2024-10-2199.2799.80-3.15UAL ahead
2024-10-18100.00100.00-3.20UAL ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 3, 2025 (RYAAY -2.5%, UAL -15.6%). Upcoming earnings: RYAAY Nov 2, 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)

1 simulated trade to Oct 20, 2026: +20.52% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long UAL · Short RYAAYMar 23, 2023Jul 25, 2023converged124$2,138.10-$85.58$2,052.52 (+20.52%)

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

The companies

RYAAY and UAL at a glance

RYAAY Ryanair Holdings plc

Listing
Nasdaq · SEC CIK 1038683
Industry
Air Freight/Delivery Services · SIC 4512 Air Transportation, Scheduled
Market value
$27.6B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

UAL United Airlines Holdings Inc.

Listing
Nasdaq · SEC CIK 100517
Industry
Air Freight/Delivery Services · SIC 4512 Air Transportation, Scheduled
Market value
$31.0B
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
DAL / UALWatchlistDAL by 1.58 sdAir Freight/Delivery Services
DAL / RYAAYWatchlistDAL by 1.17 sdSIC 4512 Air Transportation, Scheduled
FDX / UALWatchlistFDX by 0.84 sdAir Freight/Delivery Services

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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.