TKO Group Holdings Inc. vs Warner Music Group Corp.
WatchlistTKO / WMGPrices through Oct 22, 2026
Why these are rivals: #2 and #3 by market value ($33B vs $16B) with SEC SIC 7900 (Services-Amusement & Recreation Services).
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: 0.18 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -2.83 (needs <= -2.873 (5% critical value))
Business leadership
WMG is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | TKO | WMG | Larger |
|---|---|---|---|
| 2025 | $4.7B | $6.7B | WMG |
| 2024 | $4.9B | $6.4B | WMG |
| 2023 | $3.2B | $6.0B | WMG |
| 2022 | $2.7B | $5.9B | WMG |
| 2021 | $1.0B | $5.3B | WMG |
| 2020 | - | $4.5B | - |
WMG led in every year with figures for both. Market value: TKO $33.0B, WMG $16.2B.
Stock leadership
WMG is ahead now
Measured against the pair's own last 252 trading days.
WMG leads TKO by 1.96 standard deviations: +20.4% over its usual price ratio. 3 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| TKO | -1.6% | -4.6% | -4.5% |
| WMG | +19.4% | +9.3% | -5.2% |
Relationship
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 1606 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.18 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.83 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 16.22 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
TKO TKO Group Holdings Inc. WMG Warner Music Group Corp.Price 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: TKO relative to WMG, against the 252 sessions before each day. Above 0: TKO ahead; below 0: WMG ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | TKO index | WMG index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 136.78 | 97.78 | -1.96 | WMG ahead |
| 2026-10-21 | 136.95 | 97.01 | -1.86 | WMG ahead |
| 2026-10-20 | 138.26 | 96.67 | -1.72 | WMG ahead |
| 2026-10-19 | 134.10 | 95.77 | -1.95 | WMG ahead |
| 2026-10-16 | 135.07 | 96.88 | -2.01 | WMG ahead |
| 2026-10-15 | 135.47 | 94.69 | -1.73 | WMG ahead |
| 2026-10-14 | 132.67 | 89.20 | -1.32 | WMG ahead |
| 2026-10-13 | 133.81 | 89.20 | -1.23 | WMG ahead |
| 2026-10-12 | 133.49 | 88.40 | -1.15 | WMG ahead |
| 2026-10-09 | 137.00 | 88.61 | -0.90 | WMG ahead |
| 2026-10-08 | 139.79 | 89.20 | -0.75 | WMG ahead |
| 2026-10-07 | 137.49 | 86.89 | -0.65 | WMG ahead |
| 2026-10-06 | 135.81 | 85.19 | -0.56 | WMG ahead |
| 2026-10-05 | 136.26 | 85.25 | -0.53 | WMG ahead |
| 2026-10-02 | 135.13 | 82.74 | -0.30 | near the usual relationship |
| 2026-10-01 | 135.49 | 83.46 | -0.35 | near the usual relationship |
| 2026-09-30 | 138.32 | 85.19 | -0.35 | near the usual relationship |
| 2026-09-29 | 136.67 | 85.22 | -0.47 | near the usual relationship |
| 2026-09-28 | 139.75 | 83.74 | -0.06 | near the usual relationship |
| 2026-09-25 | 140.59 | 83.74 | +0.01 | near the usual relationship |
| 2026-09-24 | 142.43 | 84.20 | +0.09 | near the usual relationship |
| 2026-09-23 | 145.52 | 83.80 | +0.36 | near the usual relationship |
| 2026-09-22 | 145.36 | 84.51 | +0.27 | near the usual relationship |
| 2026-09-21 | 147.09 | 85.44 | +0.29 | near the usual relationship |
| 2026-09-18 | 145.66 | 86.45 | +0.07 | near the usual relationship |
| 2026-09-17 | 145.69 | 86.24 | +0.10 | near the usual relationship |
| 2026-09-16 | 148.10 | 87.32 | +0.15 | near the usual relationship |
| 2026-09-15 | 146.33 | 89.63 | -0.23 | near the usual relationship |
| 2026-09-14 | 149.10 | 90.23 | -0.11 | near the usual relationship |
| 2026-09-11 | 146.47 | 87.41 | +0.04 | near the usual relationship |
| 2026-09-10 | 145.96 | 85.90 | +0.18 | near the usual relationship |
| 2026-09-09 | 147.06 | 86.89 | +0.15 | near the usual relationship |
| 2026-09-08 | 150.33 | 86.49 | +0.42 | near the usual relationship |
| 2026-09-04 | 143.16 | 88.80 | -0.32 | near the usual relationship |
| 2026-09-03 | 145.79 | 91.18 | -0.39 | near the usual relationship |
| 2026-09-02 | 146.07 | 87.47 | +0.04 | near the usual relationship |
| 2026-09-01 | 140.28 | 86.30 | -0.22 | near the usual relationship |
| 2026-08-31 | 140.54 | 87.04 | -0.28 | near the usual relationship |
| 2026-08-28 | 142.11 | 86.49 | -0.10 | near the usual relationship |
| 2026-08-27 | 141.88 | 86.98 | -0.16 | near the usual relationship |
| 2026-08-26 | 144.62 | 86.18 | +0.11 | near the usual relationship |
| 2026-08-25 | 148.86 | 86.58 | +0.35 | near the usual relationship |
| 2026-08-24 | 148.86 | 85.65 | +0.46 | near the usual relationship |
| 2026-08-21 | 148.65 | 83.71 | +0.66 | TKO ahead |
| 2026-08-20 | 150.43 | 83.62 | +0.79 | TKO ahead |
| 2026-08-19 | 155.23 | 83.96 | +1.05 | TKO ahead |
| 2026-08-18 | 147.86 | 81.15 | +0.92 | TKO ahead |
| 2026-08-17 | 150.19 | 81.36 | +1.05 | TKO ahead |
| 2026-08-14 | 154.91 | 79.14 | +1.61 | TKO ahead |
| 2026-08-13 | 153.68 | 78.19 | +1.67 | TKO ahead |
| 2026-08-12 | 150.19 | 76.49 | +1.67 | TKO ahead |
| 2026-08-11 | 149.87 | 77.38 | +1.55 | TKO ahead |
| 2026-08-10 | 145.79 | 81.49 | +0.82 | TKO ahead |
| 2026-08-07 | 143.59 | 81.43 | +0.69 | TKO ahead |
| 2026-08-06 | 144.15 | 81.58 | +0.72 | TKO ahead |
| 2026-08-05 | 140.90 | 80.22 | +0.67 | TKO ahead |
| 2026-08-04 | 142.01 | 79.61 | +0.82 | TKO ahead |
| 2026-08-03 | 141.55 | 77.45 | +1.04 | TKO ahead |
| 2026-07-31 | 139.93 | 80.10 | +0.64 | TKO ahead |
| 2026-07-30 | 141.47 | 85.04 | +0.20 | near the usual relationship |
| 2026-07-29 | 144.19 | 90.10 | -0.14 | near the usual relationship |
| 2026-07-28 | 143.20 | 88.74 | -0.06 | near the usual relationship |
| 2026-07-27 | 140.74 | 85.19 | +0.16 | near the usual relationship |
| 2026-07-24 | 139.01 | 81.92 | +0.40 | near the usual relationship |
| 2026-07-23 | 138.10 | 82.07 | +0.33 | near the usual relationship |
| 2026-07-22 | 139.81 | 84.48 | +0.19 | near the usual relationship |
| 2026-07-21 | 139.84 | 86.22 | +0.02 | near the usual relationship |
| 2026-07-20 | 140.68 | 86.58 | +0.05 | near the usual relationship |
| 2026-07-17 | 142.48 | 87.41 | +0.08 | near the usual relationship |
| 2026-07-16 | 142.22 | 88.09 | +0.00 | near the usual relationship |
| 2026-07-15 | 142.92 | 87.35 | +0.12 | near the usual relationship |
| 2026-07-14 | 142.05 | 85.10 | +0.30 | near the usual relationship |
| 2026-07-13 | 139.27 | 88.71 | -0.22 | near the usual relationship |
| 2026-07-10 | 141.92 | 89.45 | -0.13 | near the usual relationship |
| 2026-07-09 | 144.83 | 89.91 | +0.00 | near the usual relationship |
| 2026-07-08 | 148.47 | 89.14 | +0.29 | near the usual relationship |
| 2026-07-07 | 148.99 | 87.75 | +0.46 | near the usual relationship |
| 2026-07-06 | 148.00 | 84.54 | +0.72 | TKO ahead |
| 2026-07-02 | 149.63 | 87.26 | +0.55 | TKO ahead |
| 2026-07-01 | 155.80 | 85.47 | +1.07 | TKO ahead |
| 2026-06-30 | 154.94 | 83.52 | +1.23 | TKO ahead |
| 2026-06-29 | 162.87 | 82.04 | +1.83 | TKO ahead |
| 2026-06-26 | 166.15 | 83.18 | +1.90 | TKO ahead |
| 2026-06-25 | 156.85 | 81.12 | +1.63 | TKO ahead |
| 2026-06-24 | 156.63 | 83.09 | +1.42 | TKO ahead |
| 2026-06-23 | 156.01 | 84.97 | +1.20 | TKO ahead |
| 2026-06-22 | 151.82 | 84.76 | +0.99 | TKO ahead |
| 2026-06-18 | 152.99 | 86.92 | +0.84 | TKO ahead |
| 2026-06-17 | 149.72 | 88.00 | +0.54 | TKO ahead |
| 2026-06-16 | 153.95 | 88.89 | +0.70 | TKO ahead |
| 2026-06-15 | 154.84 | 87.90 | +0.86 | TKO ahead |
| 2026-06-12 | 156.52 | 87.81 | +0.97 | TKO ahead |
| 2026-06-11 | 164.47 | 88.09 | +1.39 | TKO ahead |
| 2026-06-10 | 158.88 | 88.52 | +1.05 | TKO ahead |
| 2026-06-09 | 157.35 | 90.59 | +0.76 | TKO ahead |
| 2026-06-08 | 155.94 | 92.59 | +0.49 | near the usual relationship |
| 2026-06-05 | 156.62 | 92.35 | +0.55 | TKO ahead |
| 2026-06-04 | 155.85 | 92.56 | +0.49 | near the usual relationship |
| 2026-06-03 | 152.83 | 90.77 | +0.50 | TKO ahead |
| 2026-06-02 | 157.46 | 95.03 | +0.36 | near the usual relationship |
| 2026-06-01 | 160.45 | 96.05 | +0.43 | near the usual relationship |
| 2026-05-29 | 157.92 | 97.32 | +0.18 | near the usual relationship |
| 2026-05-28 | 154.34 | 99.81 | -0.25 | near the usual relationship |
| 2026-05-27 | 144.42 | 102.75 | -1.10 | WMG ahead |
| 2026-05-26 | 144.76 | 106.63 | -1.42 | WMG ahead |
| 2026-05-22 | 147.39 | 107.13 | -1.31 | WMG ahead |
| 2026-05-21 | 147.49 | 106.70 | -1.27 | WMG ahead |
| 2026-05-20 | 149.53 | 104.66 | -0.98 | WMG ahead |
| 2026-05-19 | 148.60 | 105.80 | -1.13 | WMG ahead |
| 2026-05-18 | 149.37 | 106.63 | -1.16 | WMG ahead |
| 2026-05-15 | 146.29 | 103.15 | -1.05 | WMG ahead |
| 2026-05-14 | 148.16 | 101.23 | -0.77 | WMG ahead |
| 2026-05-13 | 141.38 | 100.86 | -1.16 | WMG ahead |
| 2026-05-12 | 141.10 | 103.67 | -1.44 | WMG ahead |
| 2026-05-11 | 142.00 | 101.64 | -1.20 | WMG ahead |
| 2026-05-08 | 143.76 | 102.93 | -1.21 | WMG ahead |
| 2026-05-07 | 144.32 | 95.77 | -0.51 | WMG ahead |
| 2026-05-06 | 146.59 | 93.64 | -0.16 | near the usual relationship |
| 2026-05-05 | 143.88 | 87.94 | +0.24 | near the usual relationship |
| 2026-05-04 | 143.15 | 86.73 | +0.33 | near the usual relationship |
| 2026-05-01 | 143.12 | 86.33 | +0.37 | near the usual relationship |
| 2026-04-30 | 143.22 | 87.23 | +0.29 | near the usual relationship |
| 2026-04-29 | 141.39 | 86.15 | +0.30 | near the usual relationship |
| 2026-04-28 | 142.06 | 88.09 | +0.15 | near the usual relationship |
| 2026-04-27 | 143.31 | 88.46 | +0.19 | near the usual relationship |
| 2026-04-24 | 143.54 | 89.29 | +0.13 | near the usual relationship |
| 2026-04-23 | 143.35 | 89.45 | +0.11 | near the usual relationship |
| 2026-04-22 | 143.35 | 90.44 | +0.02 | near the usual relationship |
| 2026-04-21 | 140.92 | 90.96 | -0.17 | near the usual relationship |
| 2026-04-20 | 142.15 | 94.14 | -0.38 | near the usual relationship |
| 2026-04-17 | 143.39 | 93.34 | -0.22 | near the usual relationship |
| 2026-04-16 | 141.95 | 91.48 | -0.13 | near the usual relationship |
| 2026-04-15 | 148.62 | 89.63 | +0.43 | near the usual relationship |
| 2026-04-14 | 150.37 | 89.63 | +0.53 | TKO ahead |
| 2026-04-13 | 150.44 | 88.49 | +0.65 | TKO ahead |
| 2026-04-10 | 151.90 | 87.94 | +0.79 | TKO ahead |
| 2026-04-09 | 151.67 | 86.76 | +0.89 | TKO ahead |
| 2026-04-08 | 151.66 | 84.94 | +1.07 | TKO ahead |
| 2026-04-07 | 148.51 | 83.34 | +1.06 | TKO ahead |
| 2026-04-06 | 151.64 | 80.25 | +1.54 | TKO ahead |
| 2026-04-02 | 156.82 | 80.56 | +1.79 | TKO ahead |
| 2026-04-01 | 154.75 | 79.48 | +1.80 | TKO ahead |
| 2026-03-31 | 155.20 | 78.80 | +1.91 | TKO ahead |
| 2026-03-30 | 150.40 | 74.36 | +2.13 | TKO ahead |
| 2026-03-27 | 145.62 | 73.34 | +2.00 | TKO ahead |
| 2026-03-26 | 148.26 | 74.73 | +2.01 | TKO ahead |
| 2026-03-25 | 149.26 | 73.71 | +2.19 | TKO ahead |
| 2026-03-24 | 148.91 | 72.97 | +2.27 | TKO ahead |
| 2026-03-23 | 149.53 | 74.51 | +2.15 | TKO ahead |
| 2026-03-20 | 144.99 | 73.71 | +2.00 | TKO ahead |
| 2026-03-19 | 151.86 | 73.74 | +2.38 | TKO ahead |
| 2026-03-18 | 154.72 | 75.90 | +2.32 | TKO ahead |
| 2026-03-17 | 154.23 | 81.70 | +1.71 | TKO ahead |
| 2026-03-16 | 153.75 | 84.48 | +1.43 | TKO ahead |
| 2026-03-13 | 149.75 | 84.29 | +1.25 | TKO ahead |
| 2026-03-12 | 154.91 | 82.91 | +1.64 | TKO ahead |
| 2026-03-11 | 155.49 | 83.46 | +1.62 | TKO ahead |
| 2026-03-10 | 158.22 | 82.72 | +1.82 | TKO ahead |
| 2026-03-09 | 157.06 | 84.88 | +1.57 | TKO ahead |
| 2026-03-06 | 155.99 | 85.90 | +1.44 | TKO ahead |
| 2026-03-05 | 162.97 | 89.79 | +1.45 | TKO ahead |
| 2026-03-04 | 166.42 | 87.29 | +1.82 | TKO ahead |
| 2026-03-03 | 169.28 | 87.69 | +1.92 | TKO ahead |
| 2026-03-02 | 173.14 | 87.84 | +2.09 | TKO ahead |
| 2026-02-27 | 172.30 | 88.24 | +2.04 | TKO ahead |
| 2026-02-26 | 172.25 | 86.33 | +2.22 | TKO ahead |
| 2026-02-25 | 159.48 | 83.00 | +1.96 | TKO ahead |
| 2026-02-24 | 161.16 | 84.63 | +1.91 | TKO ahead |
| 2026-02-23 | 158.51 | 87.90 | +1.52 | TKO ahead |
| 2026-02-20 | 162.49 | 92.22 | +1.36 | TKO ahead |
| 2026-02-19 | 160.61 | 90.13 | +1.45 | TKO ahead |
| 2026-02-18 | 164.15 | 90.25 | +1.62 | TKO ahead |
| 2026-02-17 | 161.73 | 91.05 | +1.45 | TKO ahead |
| 2026-02-13 | 159.12 | 90.87 | +1.36 | TKO ahead |
| 2026-02-12 | 153.92 | 88.09 | +1.36 | TKO ahead |
| 2026-02-11 | 161.92 | 91.89 | +1.43 | TKO ahead |
| 2026-02-10 | 164.79 | 95.03 | +1.32 | TKO ahead |
| 2026-02-09 | 161.16 | 91.33 | +1.47 | TKO ahead |
| 2026-02-06 | 163.09 | 89.63 | +1.71 | TKO ahead |
| 2026-02-05 | 160.21 | 86.98 | +1.82 | TKO ahead |
| 2026-02-04 | 158.95 | 87.01 | +1.78 | TKO ahead |
| 2026-02-03 | 156.33 | 87.75 | +1.60 | TKO ahead |
| 2026-02-02 | 154.33 | 93.18 | +1.06 | TKO ahead |
| 2026-01-30 | 155.91 | 92.50 | +1.21 | TKO ahead |
| 2026-01-29 | 154.78 | 92.16 | +1.19 | TKO ahead |
| 2026-01-28 | 149.99 | 92.07 | +0.97 | TKO ahead |
| 2026-01-27 | 153.31 | 93.37 | +1.03 | TKO ahead |
| 2026-01-26 | 156.62 | 93.71 | +1.18 | TKO ahead |
| 2026-01-23 | 157.71 | 93.55 | +1.25 | TKO ahead |
| 2026-01-22 | 154.03 | 92.10 | +1.20 | TKO ahead |
| 2026-01-21 | 157.33 | 92.13 | +1.37 | TKO ahead |
| 2026-01-20 | 156.55 | 92.26 | +1.33 | TKO ahead |
| 2026-01-16 | 156.45 | 94.38 | +1.16 | TKO ahead |
| 2026-01-15 | 160.76 | 95.28 | +1.31 | TKO ahead |
| 2026-01-14 | 160.07 | 96.48 | +1.19 | TKO ahead |
| 2026-01-13 | 160.77 | 97.22 | +1.18 | TKO ahead |
| 2026-01-12 | 153.23 | 95.50 | +0.96 | TKO ahead |
| 2026-01-09 | 153.64 | 95.68 | +0.97 | TKO ahead |
| 2026-01-08 | 155.54 | 91.73 | +1.39 | TKO ahead |
| 2026-01-07 | 156.17 | 91.92 | +1.41 | TKO ahead |
| 2026-01-06 | 156.09 | 92.50 | +1.37 | TKO ahead |
| 2026-01-05 | 156.74 | 94.85 | +1.22 | TKO ahead |
| 2026-01-02 | 159.27 | 93.92 | +1.43 | TKO ahead |
| 2025-12-31 | 160.86 | 94.63 | +1.46 | TKO ahead |
| 2025-12-30 | 164.83 | 94.01 | +1.70 | TKO ahead |
| 2025-12-29 | 166.33 | 93.24 | +1.85 | TKO ahead |
| 2025-12-26 | 167.35 | 92.41 | +1.98 | TKO ahead |
| 2025-12-24 | 167.77 | 92.04 | +2.05 | TKO ahead |
| 2025-12-23 | 166.01 | 92.41 | +1.96 | TKO ahead |
| 2025-12-22 | 165.85 | 92.35 | +1.98 | TKO ahead |
| 2025-12-19 | 164.27 | 90.56 | +2.08 | TKO ahead |
| 2025-12-18 | 162.86 | 90.53 | +2.04 | TKO ahead |
| 2025-12-17 | 162.87 | 88.09 | +2.27 | TKO ahead |
| 2025-12-16 | 162.13 | 86.86 | +2.37 | TKO ahead |
| 2025-12-15 | 159.66 | 85.93 | +2.36 | TKO ahead |
| 2025-12-12 | 160.41 | 85.75 | +2.45 | TKO ahead |
| 2025-12-11 | 157.24 | 85.93 | +2.30 | TKO ahead |
| 2025-12-10 | 151.57 | 86.30 | +2.00 | TKO ahead |
| 2025-12-09 | 151.70 | 85.19 | +2.13 | TKO ahead |
| 2025-12-08 | 156.87 | 85.65 | +2.38 | TKO ahead |
| 2025-12-05 | 155.64 | 88.26 | +2.10 | TKO ahead |
| 2025-12-04 | 154.60 | 86.05 | +2.27 | TKO ahead |
| 2025-12-03 | 150.00 | 85.96 | +2.06 | TKO ahead |
| 2025-12-02 | 149.80 | 85.75 | +2.09 | TKO ahead |
| 2025-12-01 | 149.30 | 87.09 | +1.95 | TKO ahead |
| 2025-11-28 | 149.23 | 87.13 | +1.96 | TKO ahead |
| 2025-11-26 | 148.83 | 86.42 | +2.02 | TKO ahead |
| 2025-11-25 | 144.25 | 87.47 | +1.69 | TKO ahead |
| 2025-11-24 | 139.81 | 89.42 | +1.27 | TKO ahead |
| 2025-11-21 | 137.13 | 94.69 | +0.67 | TKO ahead |
| 2025-11-20 | 135.83 | 91.61 | +0.86 | TKO ahead |
| 2025-11-19 | 144.98 | 94.11 | +1.15 | TKO ahead |
| 2025-11-18 | 143.59 | 92.56 | +1.20 | TKO ahead |
| 2025-11-17 | 142.19 | 93.92 | +1.02 | TKO ahead |
| 2025-11-14 | 141.68 | 93.66 | +1.02 | TKO ahead |
| 2025-11-13 | 140.57 | 93.61 | +0.96 | TKO ahead |
| 2025-11-12 | 139.83 | 94.85 | +0.83 | TKO ahead |
| 2025-11-11 | 138.29 | 93.86 | +0.83 | TKO ahead |
| 2025-11-10 | 137.90 | 91.95 | +0.96 | TKO ahead |
| 2025-11-07 | 140.51 | 93.27 | +1.00 | TKO ahead |
| 2025-11-06 | 139.31 | 91.79 | +1.05 | TKO ahead |
| 2025-11-05 | 144.11 | 92.01 | +1.27 | TKO ahead |
| 2025-11-04 | 144.19 | 93.67 | +1.16 | TKO ahead |
| 2025-11-03 | 144.47 | 95.09 | +1.07 | TKO ahead |
| 2025-10-31 | 145.00 | 98.61 | +0.86 | TKO ahead |
| 2025-10-30 | 144.52 | 98.09 | +0.88 | TKO ahead |
| 2025-10-29 | 143.62 | 96.64 | +0.94 | TKO ahead |
| 2025-10-28 | 144.27 | 99.01 | +0.82 | TKO ahead |
| 2025-10-27 | 144.32 | 99.72 | +0.78 | TKO ahead |
| 2025-10-24 | 143.81 | 101.27 | +0.67 | TKO ahead |
| 2025-10-23 | 143.81 | 102.90 | +0.57 | TKO ahead |
| 2025-10-22 | 143.90 | 102.47 | +0.61 | TKO ahead |
| 2025-10-21 | 143.28 | 103.18 | +0.54 | TKO ahead |
| 2025-10-20 | 143.79 | 102.75 | +0.60 | TKO ahead |
| 2025-10-17 | 145.68 | 101.80 | +0.74 | TKO ahead |
| 2025-10-16 | 144.56 | 100.22 | +0.80 | TKO ahead |
| 2025-10-15 | 147.16 | 100.06 | +0.93 | TKO ahead |
| 2025-10-14 | 146.21 | 100.52 | +0.86 | TKO ahead |
| 2025-10-13 | 145.16 | 99.20 | +0.91 | TKO ahead |
| 2025-10-10 | 143.96 | 98.98 | +0.88 | TKO ahead |
| 2025-10-09 | 143.52 | 99.04 | +0.86 | TKO ahead |
| 2025-10-08 | 149.43 | 100.74 | +1.01 | TKO ahead |
| 2025-10-07 | 152.36 | 100.96 | +1.13 | TKO ahead |
| 2025-10-06 | 152.51 | 103.83 | +0.97 | TKO ahead |
| 2025-10-03 | 151.89 | 104.46 | +0.92 | TKO ahead |
| 2025-10-02 | 152.39 | 105.49 | +0.88 | TKO ahead |
| 2025-10-01 | 152.97 | 105.65 | +0.90 | TKO ahead |
| 2025-09-30 | 155.44 | 105.09 | +1.04 | TKO ahead |
| 2025-09-29 | 158.03 | 104.26 | +1.20 | TKO ahead |
| 2025-09-26 | 153.19 | 102.75 | +1.11 | TKO ahead |
| 2025-09-25 | 150.69 | 102.72 | +1.02 | TKO ahead |
| 2025-09-24 | 150.69 | 103.16 | +1.00 | TKO ahead |
| 2025-09-23 | 155.69 | 102.78 | +1.23 | TKO ahead |
| 2025-09-22 | 153.68 | 102.31 | +1.18 | TKO ahead |
| 2025-09-19 | 154.78 | 103.49 | +1.17 | TKO ahead |
| 2025-09-18 | 156.08 | 104.32 | +1.18 | TKO ahead |
| 2025-09-17 | 154.99 | 102.47 | +1.25 | TKO ahead |
| 2025-09-16 | 154.15 | 102.93 | +1.20 | TKO ahead |
| 2025-09-15 | 157.38 | 103.42 | +1.31 | TKO ahead |
| 2025-09-12 | 155.81 | 103.73 | +1.24 | TKO ahead |
| 2025-09-11 | 155.65 | 105.65 | +1.14 | TKO ahead |
| 2025-09-10 | 150.18 | 104.41 | +1.00 | TKO ahead |
| 2025-09-09 | 151.18 | 103.30 | +1.11 | TKO ahead |
| 2025-09-08 | 154.29 | 104.01 | +1.20 | TKO ahead |
| 2025-09-05 | 149.31 | 100.86 | +1.20 | TKO ahead |
| 2025-09-04 | 146.29 | 101.23 | +1.06 | TKO ahead |
| 2025-09-03 | 143.62 | 102.25 | +0.90 | TKO ahead |
| 2025-09-02 | 142.65 | 102.16 | +0.87 | TKO ahead |
| 2025-08-29 | 145.89 | 102.90 | +0.97 | TKO ahead |
| 2025-08-28 | 146.34 | 103.05 | +0.99 | TKO ahead |
| 2025-08-27 | 142.88 | 104.66 | +0.76 | TKO ahead |
| 2025-08-26 | 142.51 | 103.18 | +0.83 | TKO ahead |
| 2025-08-25 | 141.40 | 105.12 | +0.68 | TKO ahead |
| 2025-08-22 | 143.28 | 104.20 | +0.82 | TKO ahead |
| 2025-08-21 | 141.80 | 100.43 | +0.99 | TKO ahead |
| 2025-08-20 | 140.54 | 100.09 | +0.96 | TKO ahead |
| 2025-08-19 | 142.31 | 100.09 | +1.04 | TKO ahead |
| 2025-08-18 | 142.82 | 99.88 | +1.09 | TKO ahead |
| 2025-08-15 | 145.35 | 100.37 | +1.17 | TKO ahead |
| 2025-08-14 | 147.00 | 99.51 | +1.30 | TKO ahead |
| 2025-08-13 | 147.22 | 99.01 | +1.35 | TKO ahead |
| 2025-08-12 | 143.17 | 97.35 | +1.30 | TKO ahead |
| 2025-08-11 | 138.54 | 97.62 | +1.09 | TKO ahead |
| 2025-08-08 | 125.68 | 97.84 | +0.49 | near the usual relationship |
| 2025-08-07 | 123.71 | 96.11 | +0.51 | TKO ahead |
| 2025-08-06 | 119.76 | 92.69 | +0.54 | TKO ahead |
| 2025-08-05 | 125.80 | 92.19 | +0.87 | TKO ahead |
| 2025-08-04 | 127.58 | 90.19 | +1.10 | TKO ahead |
| 2025-08-01 | 127.46 | 88.34 | +1.22 | TKO ahead |
| 2025-07-31 | 129.31 | 90.28 | +1.19 | TKO ahead |
| 2025-07-30 | 129.15 | 91.58 | +1.11 | TKO ahead |
| 2025-07-29 | 129.42 | 91.64 | +1.12 | TKO ahead |
| 2025-07-28 | 131.41 | 95.77 | +0.96 | TKO ahead |
| 2025-07-25 | 130.88 | 96.11 | +0.92 | TKO ahead |
| 2025-07-24 | 129.30 | 97.13 | +0.79 | TKO ahead |
| 2025-07-23 | 129.08 | 97.72 | +0.75 | TKO ahead |
| 2025-07-22 | 128.14 | 97.01 | +0.76 | TKO ahead |
| 2025-07-21 | 129.84 | 95.68 | +0.92 | TKO ahead |
| 2025-07-18 | 131.45 | 96.33 | +0.96 | TKO ahead |
| 2025-07-17 | 130.34 | 96.48 | +0.90 | TKO ahead |
| 2025-07-16 | 130.17 | 95.37 | +0.97 | TKO ahead |
| 2025-07-15 | 129.91 | 93.52 | +1.08 | TKO ahead |
| 2025-07-14 | 134.29 | 93.98 | +1.25 | TKO ahead |
| 2025-07-11 | 132.38 | 91.85 | +1.31 | TKO ahead |
| 2025-07-10 | 133.06 | 92.35 | +1.32 | TKO ahead |
| 2025-07-09 | 132.23 | 92.53 | +1.28 | TKO ahead |
| 2025-07-08 | 133.13 | 90.99 | +1.42 | TKO ahead |
| 2025-07-07 | 135.72 | 90.77 | +1.56 | TKO ahead |
| 2025-07-03 | 136.33 | 90.68 | +1.60 | TKO ahead |
| 2025-07-02 | 136.58 | 89.94 | +1.68 | TKO ahead |
| 2025-07-01 | 135.16 | 85.87 | +1.90 | TKO ahead |
| 2025-06-30 | 140.04 | 84.05 | +2.25 | TKO ahead |
| 2025-06-27 | 138.04 | 83.92 | +2.20 | TKO ahead |
| 2025-06-26 | 135.58 | 82.07 | +2.26 | TKO ahead |
| 2025-06-25 | 134.64 | 80.81 | +2.34 | TKO ahead |
| 2025-06-24 | 136.14 | 83.37 | +2.25 | TKO ahead |
| 2025-06-23 | 135.10 | 82.81 | +2.27 | TKO ahead |
| 2025-06-20 | 134.66 | 81.67 | +2.36 | TKO ahead |
| 2025-06-18 | 135.42 | 81.27 | +2.45 | TKO ahead |
| 2025-06-17 | 129.27 | 81.36 | +2.19 | TKO ahead |
| 2025-06-16 | 129.62 | 82.38 | +2.16 | TKO ahead |
| 2025-06-13 | 125.51 | 81.27 | +2.07 | TKO ahead |
| 2025-06-12 | 126.17 | 81.80 | +2.09 | TKO ahead |
| 2025-06-11 | 126.93 | 82.26 | +2.12 | TKO ahead |
| 2025-06-10 | 126.68 | 82.38 | +2.12 | TKO ahead |
| 2025-06-09 | 125.71 | 80.87 | +2.22 | TKO ahead |
| 2025-06-06 | 127.71 | 81.36 | +2.31 | TKO ahead |
| 2025-06-05 | 130.01 | 80.87 | +2.49 | TKO ahead |
| 2025-06-04 | 127.68 | 81.27 | +2.38 | TKO ahead |
| 2025-06-03 | 125.54 | 79.94 | +2.42 | TKO ahead |
| 2025-06-02 | 122.80 | 80.13 | +2.29 | TKO ahead |
| 2025-05-30 | 121.46 | 81.21 | +2.16 | TKO ahead |
| 2025-05-29 | 120.63 | 80.78 | +2.18 | TKO ahead |
| 2025-05-28 | 122.23 | 81.15 | +2.26 | TKO ahead |
| 2025-05-27 | 122.34 | 80.72 | +2.33 | TKO ahead |
| 2025-05-23 | 121.39 | 80.90 | +2.29 | TKO ahead |
| 2025-05-22 | 120.24 | 80.44 | +2.30 | TKO ahead |
| 2025-05-21 | 123.02 | 82.01 | +2.35 | TKO ahead |
| 2025-05-20 | 125.25 | 83.89 | +2.34 | TKO ahead |
| 2025-05-19 | 126.21 | 84.57 | +2.37 | TKO ahead |
| 2025-05-16 | 125.82 | 85.44 | +2.30 | TKO ahead |
| 2025-05-15 | 124.27 | 84.91 | +2.28 | TKO ahead |
| 2025-05-14 | 124.84 | 84.11 | +2.40 | TKO ahead |
| 2025-05-13 | 126.59 | 84.79 | +2.46 | TKO ahead |
| 2025-05-12 | 123.61 | 84.79 | +2.31 | TKO ahead |
| 2025-05-09 | 122.88 | 84.42 | +2.31 | TKO ahead |
| 2025-05-08 | 130.04 | 85.47 | +2.63 | TKO ahead |
| 2025-05-07 | 130.59 | 92.84 | +2.11 | TKO ahead |
| 2025-05-06 | 129.25 | 94.42 | +1.93 | TKO ahead |
| 2025-05-05 | 128.40 | 93.43 | +1.97 | TKO ahead |
| 2025-05-02 | 128.09 | 93.37 | +1.96 | TKO ahead |
| 2025-05-01 | 125.58 | 92.72 | +1.89 | TKO ahead |
| 2025-04-30 | 125.38 | 93.95 | +1.80 | TKO ahead |
| 2025-04-29 | 125.42 | 94.20 | +1.80 | TKO ahead |
| 2025-04-28 | 123.47 | 91.42 | +1.91 | TKO ahead |
| 2025-04-25 | 120.91 | 92.04 | +1.73 | TKO ahead |
| 2025-04-24 | 119.51 | 90.16 | +1.80 | TKO ahead |
| 2025-04-23 | 116.21 | 88.28 | +1.77 | TKO ahead |
| 2025-04-22 | 114.01 | 86.52 | +1.79 | TKO ahead |
| 2025-04-21 | 110.13 | 85.53 | +1.64 | TKO ahead |
| 2025-04-17 | 114.85 | 89.85 | +1.60 | TKO ahead |
| 2025-04-16 | 113.88 | 88.21 | +1.68 | TKO ahead |
| 2025-04-15 | 115.18 | 90.31 | +1.61 | TKO ahead |
| 2025-04-14 | 114.01 | 90.37 | +1.54 | TKO ahead |
| 2025-04-11 | 111.10 | 89.57 | +1.44 | TKO ahead |
| 2025-04-10 | 111.67 | 89.20 | +1.51 | TKO ahead |
| 2025-04-09 | 114.32 | 91.76 | +1.48 | TKO ahead |
| 2025-04-08 | 106.95 | 86.55 | +1.44 | TKO ahead |
| 2025-04-07 | 108.66 | 89.17 | +1.35 | TKO ahead |
| 2025-04-04 | 107.43 | 90.96 | +1.16 | TKO ahead |
| 2025-04-03 | 115.79 | 95.43 | +1.34 | TKO ahead |
| 2025-04-02 | 122.05 | 96.08 | +1.62 | TKO ahead |
| 2025-04-01 | 117.75 | 96.64 | +1.37 | TKO ahead |
| 2025-03-31 | 117.61 | 96.73 | +1.36 | TKO ahead |
| 2025-03-28 | 115.22 | 97.38 | +1.20 | TKO ahead |
| 2025-03-27 | 116.89 | 99.54 | +1.16 | TKO ahead |
| 2025-03-26 | 118.99 | 101.36 | +1.17 | TKO ahead |
| 2025-03-25 | 118.99 | 100.25 | +1.24 | TKO ahead |
| 2025-03-24 | 117.69 | 99.75 | +1.21 | TKO ahead |
| 2025-03-21 | 115.35 | 100.09 | +1.07 | TKO ahead |
| 2025-03-20 | 115.75 | 100.22 | +1.09 | TKO ahead |
| 2025-03-19 | 115.33 | 101.05 | +1.03 | TKO ahead |
| 2025-03-18 | 111.96 | 100.89 | +0.87 | TKO ahead |
| 2025-03-17 | 112.08 | 102.13 | +0.81 | TKO ahead |
| 2025-03-14 | 107.46 | 101.54 | +0.62 | TKO ahead |
| 2025-03-13 | 108.40 | 99.07 | +0.80 | TKO ahead |
| 2025-03-12 | 113.35 | 103.36 | +0.82 | TKO ahead |
| 2025-03-11 | 111.71 | 103.18 | +0.76 | TKO ahead |
| 2025-03-10 | 109.38 | 105.12 | +0.55 | TKO ahead |
| 2025-03-07 | 110.62 | 106.11 | +0.57 | TKO ahead |
| 2025-03-06 | 113.13 | 104.35 | +0.77 | TKO ahead |
| 2025-03-05 | 117.22 | 103.02 | +1.02 | TKO ahead |
| 2025-03-04 | 112.91 | 102.10 | +0.89 | TKO ahead |
| 2025-03-03 | 113.75 | 102.50 | +0.91 | TKO ahead |
| 2025-02-28 | 115.94 | 103.98 | +0.94 | TKO ahead |
| 2025-02-27 | 115.62 | 104.23 | +0.92 | TKO ahead |
| 2025-02-26 | 122.80 | 105.74 | +1.15 | TKO ahead |
| 2025-02-25 | 120.08 | 107.37 | +0.97 | TKO ahead |
| 2025-02-24 | 123.73 | 109.81 | +1.01 | TKO ahead |
| 2025-02-21 | 122.24 | 108.79 | +1.01 | TKO ahead |
| 2025-02-20 | 126.08 | 109.75 | +1.12 | TKO ahead |
| 2025-02-19 | 128.20 | 109.41 | +1.22 | TKO ahead |
| 2025-02-18 | 132.43 | 110.75 | +1.32 | TKO ahead |
| 2025-02-14 | 135.07 | 112.00 | +1.37 | TKO ahead |
| 2025-02-13 | 134.30 | 108.33 | +1.51 | TKO ahead |
| 2025-02-12 | 135.95 | 106.97 | +1.64 | TKO ahead |
| 2025-02-11 | 135.87 | 103.95 | +1.78 | TKO ahead |
| 2025-02-10 | 133.23 | 102.96 | +1.75 | TKO ahead |
| 2025-02-07 | 128.05 | 100.96 | +1.67 | TKO ahead |
| 2025-02-06 | 124.07 | 97.96 | +1.67 | TKO ahead |
| 2025-02-05 | 123.93 | 99.04 | +1.63 | TKO ahead |
| 2025-02-04 | 121.40 | 99.81 | +1.50 | TKO ahead |
| 2025-02-03 | 120.87 | 98.43 | +1.56 | TKO ahead |
| 2025-01-31 | 119.46 | 98.12 | +1.53 | TKO ahead |
| 2025-01-30 | 121.20 | 99.44 | +1.54 | TKO ahead |
| 2025-01-29 | 120.77 | 97.13 | +1.64 | TKO ahead |
| 2025-01-28 | 121.94 | 97.44 | +1.69 | TKO ahead |
| 2025-01-27 | 118.10 | 96.27 | +1.61 | TKO ahead |
| 2025-01-24 | 117.82 | 91.95 | +1.82 | TKO ahead |
| 2025-01-23 | 116.96 | 92.72 | +1.76 | TKO ahead |
| 2025-01-22 | 110.01 | 93.27 | +1.46 | TKO ahead |
| 2025-01-21 | 111.24 | 92.63 | +1.55 | TKO ahead |
| 2025-01-17 | 109.44 | 93.30 | +1.45 | TKO ahead |
| 2025-01-16 | 109.14 | 92.66 | +1.48 | TKO ahead |
| 2025-01-15 | 110.76 | 91.30 | +1.62 | TKO ahead |
| 2025-01-14 | 110.14 | 91.33 | +1.61 | TKO ahead |
| 2025-01-13 | 109.58 | 91.21 | +1.60 | TKO ahead |
| 2025-01-10 | 107.89 | 90.53 | +1.58 | TKO ahead |
| 2025-01-08 | 109.55 | 90.40 | +1.66 | TKO ahead |
| 2025-01-07 | 109.14 | 95.74 | +1.40 | TKO ahead |
| 2025-01-06 | 109.00 | 95.71 | +1.41 | TKO ahead |
| 2025-01-03 | 109.60 | 95.71 | +1.44 | TKO ahead |
| 2025-01-02 | 109.85 | 96.58 | +1.42 | TKO ahead |
| 2024-12-31 | 109.37 | 95.65 | +1.46 | TKO ahead |
| 2024-12-30 | 110.34 | 95.53 | +1.51 | TKO ahead |
| 2024-12-27 | 110.84 | 97.04 | +1.47 | TKO ahead |
| 2024-12-26 | 111.40 | 96.88 | +1.51 | TKO ahead |
| 2024-12-24 | 111.49 | 95.87 | +1.58 | TKO ahead |
| 2024-12-23 | 109.10 | 95.90 | +1.49 | TKO ahead |
| 2024-12-20 | 110.47 | 96.14 | +1.54 | TKO ahead |
| 2024-12-19 | 110.67 | 94.82 | +1.63 | TKO ahead |
| 2024-12-18 | 109.40 | 96.48 | +1.51 | TKO ahead |
| 2024-12-17 | 113.33 | 98.55 | +1.58 | TKO ahead |
| 2024-12-16 | 113.18 | 100.62 | +1.50 | TKO ahead |
| 2024-12-13 | 109.23 | 100.34 | +1.36 | TKO ahead |
| 2024-12-12 | 110.39 | 101.02 | +1.39 | TKO ahead |
| 2024-12-11 | 108.77 | 100.56 | +1.35 | TKO ahead |
| 2024-12-10 | 108.52 | 99.26 | +1.41 | TKO ahead |
| 2024-12-09 | 107.53 | 98.55 | +1.41 | TKO ahead |
| 2024-12-06 | 110.90 | 100.00 | +1.49 | TKO ahead |
| 2024-12-05 | 110.95 | 97.96 | +1.60 | TKO ahead |
| 2024-12-04 | 106.27 | 98.55 | +1.39 | TKO ahead |
| 2024-12-03 | 105.47 | 99.78 | +1.32 | TKO ahead |
| 2024-12-02 | 103.86 | 99.26 | +1.28 | TKO ahead |
| 2024-11-29 | 106.18 | 100.34 | +1.34 | TKO ahead |
| 2024-11-27 | 106.37 | 99.04 | +1.42 | TKO ahead |
| 2024-11-26 | 105.66 | 99.97 | +1.36 | TKO ahead |
| 2024-11-25 | 105.28 | 98.89 | +1.40 | TKO ahead |
| 2024-11-22 | 104.49 | 98.27 | +1.41 | TKO ahead |
| 2024-11-21 | 105.36 | 96.20 | +1.55 | TKO ahead |
| 2024-11-20 | 102.20 | 103.89 | +1.09 | TKO ahead |
| 2024-11-19 | 100.74 | 101.60 | +1.14 | TKO ahead |
| 2024-11-18 | 96.21 | 102.87 | +0.89 | TKO ahead |
| 2024-11-15 | 91.77 | 101.57 | +0.74 | TKO ahead |
| 2024-11-14 | 90.64 | 102.84 | +0.64 | TKO ahead |
| 2024-11-13 | 90.66 | 101.97 | +0.68 | TKO ahead |
| 2024-11-12 | 89.63 | 101.36 | +0.66 | TKO ahead |
| 2024-11-11 | 91.62 | 101.76 | +0.75 | TKO ahead |
| 2024-11-08 | 92.50 | 101.82 | +0.79 | TKO ahead |
| 2024-11-07 | 90.73 | 101.48 | +0.73 | TKO ahead |
| 2024-11-06 | 92.53 | 99.85 | +0.89 | TKO ahead |
| 2024-11-05 | 91.50 | 99.51 | +0.87 | TKO ahead |
| 2024-11-04 | 90.95 | 99.07 | +0.87 | TKO ahead |
| 2024-11-01 | 91.64 | 99.38 | +0.89 | TKO ahead |
| 2024-10-31 | 89.87 | 98.61 | +0.85 | TKO ahead |
| 2024-10-30 | 89.83 | 98.64 | +0.85 | TKO ahead |
| 2024-10-29 | 89.18 | 99.35 | +0.79 | TKO ahead |
| 2024-10-28 | 89.47 | 98.83 | +0.84 | TKO ahead |
| 2024-10-25 | 88.70 | 99.91 | +0.76 | TKO ahead |
| 2024-10-24 | 88.51 | 98.58 | +0.81 | TKO ahead |
| 2024-10-23 | 96.98 | 97.90 | +1.25 | TKO ahead |
| 2024-10-22 | 98.90 | 98.12 | +1.34 | TKO ahead |
| 2024-10-21 | 99.18 | 99.44 | +1.31 | TKO ahead |
| 2024-10-18 | 100.00 | 100.00 | +1.33 | TKO ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 24, 2024 (TKO -8.7%, WMG +0.7%); Nov 21, 2024 (TKO +3.1%, WMG -7.4%); Aug 11, 2025 (TKO +10.2%, WMG -0.2%). Upcoming earnings: TKO Nov 4, 2026 (after-hours).
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
TKO and WMG at a glance
TKO TKO Group Holdings Inc.
- Listing
- NYSE · SEC CIK 1973266
- Industry
- Services-Misc. Amusement & Recreation · SIC 7900 Services-Amusement & Recreation Services
- Market value
- $33.0B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
WMG Warner Music Group Corp.
- Listing
- Nasdaq · SEC CIK 1319161
- Industry
- Services-Misc. Amusement & Recreation · SIC 7900 Services-Amusement & Recreation Services
- Market value
- $16.2B
- Price history
- 1,606 daily closes, Jun 3, 2020 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 TKO and WMG
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.
