CVX / XOMChevron Corporation · ExxonMobil Holdings CorporationMeasured twin
CVX $211.22 +0.21%XOM $164.47 −0.16%· Integrated oil Companies
+1.06 / ±2 sd
Mean reversion ADF t −3.62
CVX and XOM moved together for a year and their gap has a measured habit of closing. At the 2026-11-10 close CVX was ahead by 1.06 standard deviations.
Paper idea at ±2 sd (long the laggard, short the leader), out at ±4 sd or when the gap closes; no time exit.
EXC / XELExelon Corporation · Xcel Energy Inc.Measured twin
EXC $45.53 −0.26%XEL $80.12 −0.06%· Power Generation
−1.02 / ±2 sd
Mean reversion ADF t −3.29
EXC and XEL moved together for a year and their gap has a measured habit of closing. At the 2026-11-10 close XEL was ahead by 1.02 standard deviations.
Paper idea at ±2 sd (long the laggard, short the leader), out at ±4 sd or when the gap closes; no time exit.
COP / CVXConocoPhillips · Chevron CorporationMeasured twin
COP $135.59 +0.83%CVX $211.22 +0.21%· Integrated oil Companies
+0.90 / ±2 sd
Mean reversion ADF t −3.10
COP and CVX moved together for a year and their gap has a measured habit of closing. At the 2026-11-10 close COP was ahead by 0.90 standard deviations.
Paper idea at ±2 sd (long the laggard, short the leader), out at ±4 sd or when the gap closes; no time exit.
HLT / MARHilton Worldwide Holdings Inc. · Marriott InternationalMeasured twin
HLT $379.76 +1.75%MAR $428.26 +2.66%· Hotels/Resorts
−0.89 / ±2 sd
Mean reversion ADF t −3.07
HLT and MAR moved together for a year and their gap has a measured habit of closing. At the 2026-11-10 close MAR was ahead by 0.89 standard deviations.
Paper idea at ±2 sd (long the laggard, short the leader), out at ±4 sd or when the gap closes; no time exit.
DUK / XELDuke Energy Corporation (Holding Company) · Xcel Energy Inc.Measured twin
DUK $128.94 +0.66%XEL $80.12 −0.06%· Power Generation
+0.85 / ±2 sd
Mean reversion ADF t −3.19
DUK and XEL moved together for a year and their gap has a measured habit of closing. At the 2026-11-10 close DUK was ahead by 0.85 standard deviations.
Paper idea at ±2 sd (long the laggard, short the leader), out at ±4 sd or when the gap closes; no time exit.
JBHT / KNXJ.B. Hunt Transport Services Inc. · Knight-Swift Transportation Holdings Inc.Measured twin
JBHT $226.27 +0.87%KNX $62.11 +1.07%· SIC 4213 Trucking (No Local)
−0.73 / ±2 sd
Mean reversion ADF t −3.71
JBHT and KNX moved together for a year and their gap has a measured habit of closing. At the 2026-11-10 close KNX was ahead by 0.73 standard deviations.
Paper idea at ±2 sd (long the laggard, short the leader), out at ±4 sd or when the gap closes; no time exit.
FCX / SCCOFreeport-McMoRan Inc. · Southern Copper CorporationMeasured twin
FCX $60.31 −3.24%SCCO $170.36 −3.22%· Metal Mining
+0.68 / ±2 sd
Mean reversion ADF t −3.28
FCX and SCCO moved together for a year and their gap has a measured habit of closing. At the 2026-11-10 close FCX was ahead by 0.68 standard deviations.
Paper idea at ±2 sd (long the laggard, short the leader), out at ±4 sd or when the gap closes; no time exit.
BX / KKRBlackstone Inc. · KKR & Co. Inc.Measured twin
BX $122.53 −1.23%KKR $100.85 +2.81%· Investment Managers
−0.59 / ±2 sd
Mean reversion ADF t −3.48
BX and KKR moved together for a year and their gap has a measured habit of closing. At the 2026-11-10 close KKR was ahead by 0.59 standard deviations.
Paper idea at ±2 sd (long the laggard, short the leader), out at ±4 sd or when the gap closes; no time exit.
ELV / UNHElevance Health Inc. · UnitedHealth Group Incorporated Common Stock (DE)Measured twin
ELV $429.65 +2.73%UNH $405.12 +1.89%· Medical Specialities
+0.41 / ±2 sd
Mean reversion ADF t −2.90
ELV and UNH moved together for a year and their gap has a measured habit of closing. At the 2026-11-10 close ELV was ahead by 0.41 standard deviations.
Paper idea at ±2 sd (long the laggard, short the leader), out at ±4 sd or when the gap closes; no time exit.
A / WATAgilent Technologies Inc. · Waters CorporationMeasured twin
A $177.88 −1.27%WAT $475.52 −0.25%· Biotechnology: Laboratory Analytical Instruments
+0.33 / ±2 sd
Mean reversion ADF t −3.29
A and WAT moved together for a year and their gap has a measured habit of closing. At the 2026-11-10 close A was ahead by 0.33 standard deviations.
Paper idea at ±2 sd (long the laggard, short the leader), out at ±4 sd or when the gap closes; no time exit.
GEVGE VernovaAI radar · Power delivery
GEV $797.04 −3.89%· Gas and wind turbines, grid equipment
+45.4% backlog y/y
Makes gas turbines and grid equipment (transformers, switchgear, HVDC). If data-center demand keeps power equipment scarce, a long order book can support prices and margins.
3 invalidation checks on the radar page; 0 triggered. SEC numbers as reported, with their filing dates.
PWRQuanta ServicesAI radar · Power delivery
PWR $583.14 −1.41%· Builds and upgrades transmission, substations and data-center connections
+99.1% backlog y/y
Builds and upgrades transmission lines, substations and large-load connections. More data-center load means more grid work, which shows up in its remaining performance obligations.
2 invalidation checks on the radar page; 0 triggered. SEC numbers as reported, with their filing dates.
ETNEatonAI radar · Power delivery
ETN $354.22 −1.41%· Switchgear, power distribution and data-center electrical systems
+20.1% revenue y/y
Sells switchgear, transformers and power-distribution systems into data centers and utilities. Electrical gear is one of the slowest items to source for a new data center.
2 invalidation checks on the radar page; 0 triggered. SEC numbers as reported, with their filing dates.
VRTVertivAI radar · Power delivery
VRT $206.08 −0.16%· Data-center power distribution and liquid cooling
+35.3% revenue y/y
Makes data-center power distribution, UPS and cooling systems. Denser AI racks need more power and liquid cooling per square foot.
2 invalidation checks on the radar page; 0 triggered. SEC numbers as reported, with their filing dates.
MUMicron TechnologyAI radar · Memory (HBM and DRAM)
MU $725.11 −1.10%· DRAM, NAND and high-bandwidth memory (HBM)
+256.3% revenue y/y
One of the three companies that make HBM, the memory stacked next to AI accelerators. Tight HBM supply can lift memory prices and margins.
3 invalidation checks on the radar page; 0 triggered. SEC numbers as reported, with their filing dates.
VSTVistra Corp.AI radar · Nuclear power for AIRESEARCH ONLY
Not priced (research only)· Integrated power generation and retail electricity: nuclear, gas, coal, solar and storage
+19.8% revenue y/y
Owns nuclear plants that already produce and sell electricity, and Meta named three of them in its January 2026 nuclear announcement. More data-center demand can raise the value of existing carbon-free baseload power.
Research only: this theme is never priced or traded.
LEUCentrus Energy Corp.AI radar · Nuclear power for AIRESEARCH ONLY
Not priced (research only)· Nuclear fuel: low-enriched uranium (LEU) supply and high-assay low-enriched uranium (HALEU) enrichment
+0.1% revenue y/y
Most advanced reactor designs are expected to need HALEU, and Centrus is producing it today under an NRC license (more than 1,900 kg of HALEU UF6 so far) with a DOE expansion contract and a signed enrichment contract with X-energy. Scarce fuel could be a bottleneck that pays.
Research only: this theme is never priced or traded.
XEX-Energy, Inc.AI radar · Nuclear power for AIRESEARCH ONLY
Not priced (research only)· Small modular reactor (Xe-100) and TRISO-X fuel developer
-
Develops factory-built modular reactors and their fuel, with an Amazon investment and a planned Energy Northwest project. If AI data centers need new firm power, early reactor developers with fuel supply and anchor customers could be positioned for it.
Research only: this theme is never priced or traded.
OKLOOklo Inc.AI radar · Nuclear power for AIRESEARCH ONLY
Not priced (research only)· Fast-fission power plant developer; isotope and test-reactor activity
-
Meta signed a development partnership for an Oklo nuclear campus in Pike County, Ohio, and Oklo's Groves test reactor reached first criticality in August 2026. Reactors built to serve data-center regions are a direct bet on AI power demand.
Research only: this theme is never priced or traded.
SMRNuScale Power CorporationAI radar · Nuclear power for AIRESEARCH ONLY
Not priced (research only)· Small modular reactor designer (NuScale Power Module)
−95.7% revenue y/y
Holds an NRC standard design approval for its US460 small modular reactor (six 77-MWe modules, 462 MWe), and its partner ENTRA1 is negotiating with TVA toward a large deployment program. A licensed design can shorten the path to new firm power for data centers.
Research only: this theme is never priced or traded.
CoreWeave 8-KCurrent reportSEC filingNEW
CRWV $48.73 −0.51%
4 links
CoreWeave filed a 8-K (Current report). It reaches OpenAI, Microsoft, Meta Platforms, NVIDIA through sourced relationships in the dependency map.
Accepted 2026-11-10 16:05 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
TSMC 6-KForeign issuer reportSEC filingNEW
TSM $396.48 +2.02%
3 links
TSMC filed a 6-K (Foreign issuer report). It reaches NVIDIA, AMD, Broadcom through sourced relationships in the dependency map.
Accepted 2026-11-10 08:41 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
TSMC 6-KForeign issuer reportSEC filingNEW
TSM $396.48 +2.02%
3 links
TSMC filed a 6-K (Foreign issuer report). It reaches NVIDIA, AMD, Broadcom through sourced relationships in the dependency map.
Accepted 2026-11-10 07:01 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
Meta Platforms 8-KCurrent reportSEC filingNEW
META $641.39 +0.00%
2 links
Meta Platforms filed a 8-K (Current report). It reaches AMD, CoreWeave through sourced relationships in the dependency map.
Accepted 2026-11-05 16:58 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
Micron 8-KCurrent reportSEC filingNEW
MU $725.11 −1.10%
2 links
Micron filed a 8-K (Current report). It reaches Anthropic, NVIDIA through sourced relationships in the dependency map.
Accepted 2026-11-05 16:33 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
Alphabet (Google) 8-KCurrent reportSEC filingNEW
GOOGL $287.38 −0.27%
2 links
Alphabet (Google) filed a 8-K (Current report). It reaches Anthropic, Broadcom through sourced relationships in the dependency map.
Accepted 2026-11-05 16:10 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
Microsoft 8-KCurrent reportSEC filingNEW
MSFT $533.16 −2.20%
3 links
Microsoft filed a 8-K (Current report). It reaches OpenAI, CoreWeave, Anthropic through sourced relationships in the dependency map.
Accepted 2026-11-05 06:01 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
Oracle 8-KCurrent reportSEC filingNEW
ORCL $117.98 −1.51%
2 links
Oracle filed a 8-K (Current report). It reaches OpenAI, NVIDIA through sourced relationships in the dependency map.
Accepted 2026-11-04 16:49 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
Microsoft 8-KCurrent reportSEC filingNEW
MSFT $533.16 −2.20%
3 links
Microsoft filed a 8-K (Current report). It reaches OpenAI, CoreWeave, Anthropic through sourced relationships in the dependency map.
Accepted 2026-11-04 16:01 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
AMD 10-QQuarterly reportSEC filingNEW
AMD $515.21 +1.30%
3 links
AMD filed a 10-Q (Quarterly report). It reaches OpenAI, Meta Platforms, TSMC through sourced relationships in the dependency map.
Accepted 2026-11-03 18:00 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
AMD 8-KCurrent reportSEC filing
AMD $515.21 +1.30%
3 links
AMD filed a 8-K (Current report). It reaches OpenAI, Meta Platforms, TSMC through sourced relationships in the dependency map.
Accepted 2026-11-03 16:16 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
Intel 10-QQuarterly reportSEC filing
INTC $58.13 −2.09%
1 link
Intel filed a 10-Q (Quarterly report). It reaches NVIDIA through sourced relationships in the dependency map.
Accepted 2026-10-29 18:50 ET (SEC acceptance time). LEADLAG-1 measures how linked companies move after filings like this; no read before 30 scored events.
