Biotechnology: Laboratory Analytical Instruments

Agilent Technologies Inc. vs Mettler-Toledo International Inc.

WatchlistA / MTDPrices through Nov 10, 2026

Why these are rivals: #1 and #3 by market value ($49B vs $34B) in Nasdaq's "Biotechnology: Laboratory Analytical Instruments" industry; SEC SIC 3826 / 3826 (same major group).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: -1.76 (needs <= -2.873 (5% critical value))
Business leadership

A is the larger business

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

YearAMTDLarger
2025$6.9B$4.0BA
2024$6.5B$3.9BA
2023$6.8B$3.8BA
2022$6.8B$3.9BA
2021$6.3B$3.7BA
2020$5.3B$3.1BA

A led in every year with figures for both. Market value: A $49.5B, MTD $34.0B.

Stock leadership

Neither is clearly ahead

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

The gap is 0.04 standard deviations, close to the usual relationship. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
A+20.0%+57.6%+21.2%
MTD+21.7%+63.3%+21.7%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2534 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.69 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.76 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 32.69 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

A Agilent Technologies Inc. MTD Mettler-Toledo International Inc.Price index, 100 = 2024-11-06. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
80100120Nov 2024Nov 2025Nov 2026
Spread z-score: A relative to MTD, against the 252 sessions before each day. Above 0: A ahead; below 0: MTD ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopNov 2024Nov 2025Nov 2026
Data table (504 sessions)
DateA indexMTD indexzAhead
2026-11-10129.10125.26+0.04near the usual relationship
2026-11-09130.77126.04+0.12near the usual relationship
2026-11-06126.84123.17+0.02near the usual relationship
2026-11-05124.68120.09+0.13near the usual relationship
2026-11-04128.59123.25+0.19near the usual relationship
2026-11-03127.35121.45+0.26near the usual relationship
2026-11-02124.83120.03+0.15near the usual relationship
2026-10-30126.92119.78+0.39near the usual relationship
2026-10-29131.48122.92+0.51A ahead
2026-10-28131.72121.48+0.68A ahead
2026-10-27128.82120.54+0.50A ahead
2026-10-26127.71119.41+0.51A ahead
2026-10-23125.61119.46+0.29near the usual relationship
2026-10-22126.21120.49+0.24near the usual relationship
2026-10-21129.01120.01+0.58A ahead
2026-10-20125.57116.87+0.57A ahead
2026-10-19123.31116.27+0.40near the usual relationship
2026-10-16125.54116.03+0.66A ahead
2026-10-15127.41117.23+0.72A ahead
2026-10-14126.29115.10+0.84A ahead
2026-10-13124.55114.29+0.75A ahead
2026-10-12124.35111.79+1.02A ahead
2026-10-09123.78110.86+1.07A ahead
2026-10-08122.06109.39+1.06A ahead
2026-10-07122.72109.68+1.10A ahead
2026-10-06122.90109.65+1.13A ahead
2026-10-05124.32110.26+1.21A ahead
2026-10-02121.77106.29+1.42A ahead
2026-10-01120.98105.93+1.39A ahead
2026-09-30125.06108.06+1.57A ahead
2026-09-29127.04109.95+1.56A ahead
2026-09-28127.17110.52+1.52A ahead
2026-09-25125.41108.11+1.64A ahead
2026-09-24125.45108.65+1.60A ahead
2026-09-23119.99106.73+1.25A ahead
2026-09-22121.40106.62+1.43A ahead
2026-09-21117.54102.31+1.57A ahead
2026-09-18113.5799.58+1.48A ahead
2026-09-17113.47100.88+1.31A ahead
2026-09-16111.5598.61+1.39A ahead
2026-09-15109.0795.15+1.59A ahead
2026-09-14106.5591.96+1.75A ahead
2026-09-11106.6492.51+1.70A ahead
2026-09-10103.8891.59+1.49A ahead
2026-09-09105.0692.29+1.56A ahead
2026-09-08106.5894.80+1.39A ahead
2026-09-04109.4996.21+1.58A ahead
2026-09-03108.8597.00+1.39A ahead
2026-09-02109.8897.82+1.42A ahead
2026-09-01108.8298.41+1.21A ahead
2026-08-31111.45100.50+1.26A ahead
2026-08-28111.66100.03+1.36A ahead
2026-08-27114.45100.66+1.64A ahead
2026-08-26112.56100.02+1.50A ahead
2026-08-25112.33100.29+1.45A ahead
2026-08-24111.36100.05+1.37A ahead
2026-08-21115.4099.79+1.94A ahead
2026-08-20113.4499.65+1.73A ahead
2026-08-19112.80101.92+1.33A ahead
2026-08-18107.74100.11+0.94A ahead
2026-08-17107.74101.38+0.76A ahead
2026-08-14107.80101.49+0.76A ahead
2026-08-13108.35102.33+0.72A ahead
2026-08-12107.59102.89+0.55A ahead
2026-08-11108.50102.79+0.69A ahead
2026-08-10107.94102.10+0.72A ahead
2026-08-07105.94102.24+0.44near the usual relationship
2026-08-06102.58101.65+0.07near the usual relationship
2026-08-05102.42101.67+0.04near the usual relationship
2026-08-04101.03102.78-0.30near the usual relationship
2026-08-03101.47103.35-0.32near the usual relationship
2026-07-31100.43101.30-0.18near the usual relationship
2026-07-30100.6798.74+0.22near the usual relationship
2026-07-29101.8399.29+0.31near the usual relationship
2026-07-28102.0099.30+0.33near the usual relationship
2026-07-27100.0895.57+0.61A ahead
2026-07-24100.5794.92+0.78A ahead
2026-07-23101.4295.26+0.86A ahead
2026-07-2296.8691.97+0.71A ahead
2026-07-2196.4392.85+0.51A ahead
2026-07-2094.5491.10+0.51A ahead
2026-07-1795.4193.69+0.24near the usual relationship
2026-07-1698.7895.49+0.47near the usual relationship
2026-07-1597.7794.16+0.52A ahead
2026-07-1498.1394.04+0.59A ahead
2026-07-1397.2992.94+0.64A ahead
2026-07-1097.4792.70+0.70A ahead
2026-07-0996.9692.12+0.72A ahead
2026-07-0893.6889.33+0.67A ahead
2026-07-0795.1892.66+0.38near the usual relationship
2026-07-0694.7992.66+0.32near the usual relationship
2026-07-0294.8593.58+0.19near the usual relationship
2026-07-0196.8193.00+0.57A ahead
2026-06-3096.4191.37+0.76A ahead
2026-06-2996.4190.03+0.98A ahead
2026-06-2698.7290.38+1.27A ahead
2026-06-2598.3588.93+1.46A ahead
2026-06-2495.5486.05+1.53A ahead
2026-06-2391.9482.72+1.55A ahead
2026-06-2291.8183.26+1.45A ahead
2026-06-1892.2281.88+1.77A ahead
2026-06-1790.2480.79+1.67A ahead
2026-06-1693.1582.36+1.87A ahead
2026-06-1594.7882.57+2.11A ahead
2026-06-1294.2480.93+2.36A ahead
2026-06-1194.0381.62+2.23A ahead
2026-06-1095.5381.04+2.62A ahead
2026-06-0998.3383.16+2.72A ahead
2026-06-0896.3181.45+2.77A ahead
2026-06-0598.3082.56+2.94A ahead
2026-06-04100.4384.43+2.99A ahead
2026-06-0399.7283.63+3.10A ahead
2026-06-0298.0283.68+2.86A ahead
2026-06-0198.6984.65+2.83A ahead
2026-05-2998.3784.44+2.88A ahead
2026-05-2898.2683.21+3.19A ahead
2026-05-2784.0878.23+1.52A ahead
2026-05-2683.5278.77+1.28A ahead
2026-05-2283.4478.89+1.25A ahead
2026-05-2183.3177.99+1.44A ahead
2026-05-2082.5877.43+1.42A ahead
2026-05-1980.2575.15+1.46A ahead
2026-05-1881.3776.87+1.30A ahead
2026-05-1581.0773.78+2.01A ahead
2026-05-1482.2074.52+2.11A ahead
2026-05-1381.8373.35+2.35A ahead
2026-05-1281.9476.70+1.55A ahead
2026-05-1180.9077.14+1.20A ahead
2026-05-0883.9280.42+1.11A ahead
2026-05-0786.1294.36-1.46MTD ahead
2026-05-0685.4294.91-1.74MTD ahead
2026-05-0585.3093.15-1.42MTD ahead
2026-05-0481.4290.16-1.71MTD ahead
2026-05-0183.1290.62-1.42MTD ahead
2026-04-3083.8791.30-1.40MTD ahead
2026-04-2980.7888.70-1.58MTD ahead
2026-04-2883.3790.29-1.33MTD ahead
2026-04-2783.9291.17-1.40MTD ahead
2026-04-2483.8791.72-1.55MTD ahead
2026-04-2383.0590.43-1.47MTD ahead
2026-04-2287.4493.70-1.16MTD ahead
2026-04-2188.6194.71-1.12MTD ahead
2026-04-2087.7994.74-1.32MTD ahead
2026-04-1788.4595.88-1.42MTD ahead
2026-04-1685.8392.32-1.28MTD ahead
2026-04-1586.9394.11-1.42MTD ahead
2026-04-1487.3895.95-1.72MTD ahead
2026-04-1385.2896.26-2.32MTD ahead
2026-04-1083.5194.77-2.46MTD ahead
2026-04-0983.7595.48-2.61MTD ahead
2026-04-0884.8694.61-2.17MTD ahead
2026-04-0782.6590.83-1.88MTD ahead
2026-04-0683.3590.59-1.67MTD ahead
2026-04-0283.8190.11-1.45MTD ahead
2026-04-0183.1391.12-1.88MTD ahead
2026-03-3182.7390.20-1.79MTD ahead
2026-03-3081.3089.25-1.96MTD ahead
2026-03-2780.0188.12-2.05MTD ahead
2026-03-2682.3690.83-2.11MTD ahead
2026-03-2582.0090.53-2.16MTD ahead
2026-03-2482.8990.44-1.92MTD ahead
2026-03-2381.3088.62-1.92MTD ahead
2026-03-2080.7886.15-1.44MTD ahead
2026-03-1981.1185.15-1.09MTD ahead
2026-03-1880.9385.22-1.17MTD ahead
2026-03-1781.8386.31-1.21MTD ahead
2026-03-1681.1785.73-1.25MTD ahead
2026-03-1380.9383.95-0.84MTD ahead
2026-03-1281.0283.54-0.70MTD ahead
2026-03-1183.7787.89-1.11MTD ahead
2026-03-1083.7888.09-1.16MTD ahead
2026-03-0984.6689.30-1.25MTD ahead
2026-03-0683.5286.52-0.83MTD ahead
2026-03-0585.7290.20-1.20MTD ahead
2026-03-0487.4992.02-1.20MTD ahead
2026-03-0386.4094.17-2.06MTD ahead
2026-03-0285.7794.77-2.43MTD ahead
2026-02-2788.1097.75-2.56MTD ahead
2026-02-2687.8098.50-2.89MTD ahead
2026-02-2590.5298.69-2.22MTD ahead
2026-02-2490.2998.67-2.30MTD ahead
2026-02-2390.1499.65-2.63MTD ahead
2026-02-2089.2098.52-2.65MTD ahead
2026-02-1991.7098.45-1.95MTD ahead
2026-02-1892.1398.38-1.83MTD ahead
2026-02-1789.9096.79-2.05MTD ahead
2026-02-1391.3197.34-1.82MTD ahead
2026-02-1290.6497.12-1.97MTD ahead
2026-02-1193.5599.60-1.82MTD ahead
2026-02-1093.63100.15-1.96MTD ahead
2026-02-0992.5498.76-1.91MTD ahead
2026-02-0694.0598.24-1.37MTD ahead
2026-02-0594.0998.90-1.54MTD ahead
2026-02-0496.5299.39-1.02MTD ahead
2026-02-0395.9197.98-0.83MTD ahead
2026-02-0298.2799.10-0.52MTD ahead
2026-01-3097.1598.22-0.58MTD ahead
2026-01-2996.7399.61-1.03MTD ahead
2026-01-2897.16100.25-1.07MTD ahead
2026-01-2798.67101.93-1.10MTD ahead
2026-01-2698.45101.97-1.16MTD ahead
2026-01-2398.02100.58-0.95MTD ahead
2026-01-22100.62102.86-0.86MTD ahead
2026-01-21101.44103.20-0.76MTD ahead
2026-01-2098.58100.39-0.79MTD ahead
2026-01-16101.35104.47-1.05MTD ahead
2026-01-15105.12107.04-0.80MTD ahead
2026-01-14105.91106.25-0.49near the usual relationship
2026-01-13106.20106.19-0.43near the usual relationship
2026-01-12107.41106.71-0.30near the usual relationship
2026-01-09107.80106.22-0.14near the usual relationship
2026-01-08105.79104.79-0.25near the usual relationship
2026-01-07107.28105.20-0.05near the usual relationship
2026-01-06107.13106.22-0.28near the usual relationship
2026-01-05103.74103.46-0.41near the usual relationship
2026-01-02100.12100.94-0.63MTD ahead
2025-12-3198.7699.71-0.66MTD ahead
2025-12-3099.88101.15-0.73MTD ahead
2025-12-29100.11101.52-0.76MTD ahead
2025-12-26100.44101.57-0.71MTD ahead
2025-12-24100.39101.36-0.69MTD ahead
2025-12-23100.42101.17-0.65MTD ahead
2025-12-22100.54101.02-0.61MTD ahead
2025-12-1999.61100.31-0.66MTD ahead
2025-12-1899.3699.37-0.53MTD ahead
2025-12-1799.1999.03-0.51MTD ahead
2025-12-16101.0299.16-0.19near the usual relationship
2025-12-15102.05101.02-0.35near the usual relationship
2025-12-12101.3899.67-0.23near the usual relationship
2025-12-11103.69101.67-0.19near the usual relationship
2025-12-10104.13100.55+0.09near the usual relationship
2025-12-09102.0898.09+0.18near the usual relationship
2025-12-08103.3898.80+0.27near the usual relationship
2025-12-05105.60101.19+0.21near the usual relationship
2025-12-04107.65101.76+0.46near the usual relationship
2025-12-03108.33102.62+0.41near the usual relationship
2025-12-02108.01103.50+0.20near the usual relationship
2025-12-01108.94105.00+0.09near the usual relationship
2025-11-28111.41105.62+0.38near the usual relationship
2025-11-26112.04106.32+0.36near the usual relationship
2025-11-25114.09107.71+0.44near the usual relationship
2025-11-24111.48105.15+0.45near the usual relationship
2025-11-21109.78103.87+0.39near the usual relationship
2025-11-20105.28100.09+0.31near the usual relationship
2025-11-19104.80100.45+0.16near the usual relationship
2025-11-18104.4099.88+0.19near the usual relationship
2025-11-17104.8999.34+0.37near the usual relationship
2025-11-14106.56100.35+0.46near the usual relationship
2025-11-13106.61101.00+0.36near the usual relationship
2025-11-12109.97103.55+0.46near the usual relationship
2025-11-11108.45103.35+0.26near the usual relationship
2025-11-10106.23102.46+0.05near the usual relationship
2025-11-07106.50102.94+0.01near the usual relationship
2025-11-06107.05102.96+0.10near the usual relationship
2025-11-05106.52102.97+0.01near the usual relationship
2025-11-04106.02101.58+0.17near the usual relationship
2025-11-03105.02100.62+0.17near the usual relationship
2025-10-31106.23101.29+0.25near the usual relationship
2025-10-30104.0598.49+0.38near the usual relationship
2025-10-29103.9399.71+0.15near the usual relationship
2025-10-28105.86100.46+0.34near the usual relationship
2025-10-27106.39101.54+0.24near the usual relationship
2025-10-24107.44102.58+0.24near the usual relationship
2025-10-23107.03102.83+0.13near the usual relationship
2025-10-22105.8798.80+0.65A ahead
2025-10-21105.7399.10+0.57A ahead
2025-10-20103.7997.07+0.61A ahead
2025-10-17103.0096.50+0.59A ahead
2025-10-16102.4197.24+0.36near the usual relationship
2025-10-15101.3693.26+0.91A ahead
2025-10-14100.1993.19+0.73A ahead
2025-10-13100.3391.89+1.01A ahead
2025-10-1099.1691.09+0.96A ahead
2025-10-09101.6993.52+0.95A ahead
2025-10-08102.2095.02+0.76A ahead
2025-10-07100.5793.63+0.74A ahead
2025-10-06102.7896.22+0.65A ahead
2025-10-03102.8093.98+1.08A ahead
2025-10-02100.6793.02+0.90A ahead
2025-10-01100.5892.25+1.03A ahead
2025-09-3093.1687.80+0.55A ahead
2025-09-2989.8285.21+0.44near the usual relationship
2025-09-2689.5686.14+0.20near the usual relationship
2025-09-2588.4786.51-0.09near the usual relationship
2025-09-2490.2788.85-0.21near the usual relationship
2025-09-2391.4189.90-0.19near the usual relationship
2025-09-2291.6989.98-0.15near the usual relationship
2025-09-1991.6890.52-0.26near the usual relationship
2025-09-1892.6392.05-0.38near the usual relationship
2025-09-1791.9791.11-0.32near the usual relationship
2025-09-1692.3191.27-0.28near the usual relationship
2025-09-1591.1890.13-0.28near the usual relationship
2025-09-1289.4590.08-0.61MTD ahead
2025-09-1191.9891.74-0.44near the usual relationship
2025-09-1090.0989.61-0.39near the usual relationship
2025-09-0991.6391.93-0.55MTD ahead
2025-09-0893.0094.03-0.69MTD ahead
2025-09-0593.4593.39-0.48near the usual relationship
2025-09-0493.2592.10-0.27near the usual relationship
2025-09-0390.8890.73-0.46near the usual relationship
2025-09-0290.8891.26-0.57MTD ahead
2025-08-2991.2093.05-0.85MTD ahead
2025-08-2890.7091.77-0.71MTD ahead
2025-08-2786.1491.92-1.67MTD ahead
2025-08-2685.8691.89-1.73MTD ahead
2025-08-2586.4892.25-1.69MTD ahead
2025-08-2288.2894.51-1.77MTD ahead
2025-08-2185.0391.40-1.86MTD ahead
2025-08-2086.4594.18-2.13MTD ahead
2025-08-1987.1894.59-2.07MTD ahead
2025-08-1885.7593.79-2.24MTD ahead
2025-08-1586.5193.86-2.11MTD ahead
2025-08-1486.2893.95-2.21MTD ahead
2025-08-1387.3194.70-2.16MTD ahead
2025-08-1285.1592.47-2.20MTD ahead
2025-08-1182.8389.87-2.21MTD ahead
2025-08-0883.1989.83-2.14MTD ahead
2025-08-0782.7388.47-1.97MTD ahead
2025-08-0682.1887.39-1.87MTD ahead
2025-08-0583.3988.97-1.94MTD ahead
2025-08-0483.3588.11-1.76MTD ahead
2025-08-0182.3885.63-1.41MTD ahead
2025-07-3183.3388.23-1.79MTD ahead
2025-07-3085.6890.54-1.75MTD ahead
2025-07-2986.9890.55-1.46MTD ahead
2025-07-2886.7690.19-1.43MTD ahead
2025-07-2587.2390.40-1.37MTD ahead
2025-07-2487.3590.17-1.30MTD ahead
2025-07-2386.7189.92-1.39MTD ahead
2025-07-2284.3387.18-1.34MTD ahead
2025-07-2181.3283.43-1.18MTD ahead
2025-07-1882.7385.46-1.33MTD ahead
2025-07-1784.4586.23-1.09MTD ahead
2025-07-1682.3384.70-1.25MTD ahead
2025-07-1581.9783.58-1.06MTD ahead
2025-07-1487.1585.39-0.25near the usual relationship
2025-07-1189.4887.54-0.22near the usual relationship
2025-07-1090.1288.42-0.27near the usual relationship
2025-07-0988.0487.16-0.44near the usual relationship
2025-07-0887.8386.29-0.28near the usual relationship
2025-07-0786.5585.01-0.27near the usual relationship
2025-07-0388.1086.47-0.25near the usual relationship
2025-07-0287.5786.23-0.30near the usual relationship
2025-07-0187.4286.20-0.32near the usual relationship
2025-06-3085.6584.02-0.22near the usual relationship
2025-06-2786.4984.72-0.18near the usual relationship
2025-06-2686.6785.35-0.28near the usual relationship
2025-06-2586.0985.31-0.39near the usual relationship
2025-06-2485.3884.77-0.41near the usual relationship
2025-06-2384.2983.22-0.30near the usual relationship
2025-06-2083.8782.53-0.23near the usual relationship
2025-06-1883.8481.93-0.09near the usual relationship
2025-06-1784.2682.29-0.07near the usual relationship
2025-06-1686.3884.60-0.11near the usual relationship
2025-06-1384.9882.64+0.02near the usual relationship
2025-06-1286.3084.98-0.19near the usual relationship
2025-06-1186.8985.32-0.14near the usual relationship
2025-06-1087.4787.01-0.36near the usual relationship
2025-06-0984.7385.50-0.60MTD ahead
2025-06-0684.0584.71-0.58MTD ahead
2025-06-0582.7083.29-0.56MTD ahead
2025-06-0483.4283.66-0.48near the usual relationship
2025-06-0381.8483.43-0.76MTD ahead
2025-06-0280.6081.61-0.65MTD ahead
2025-05-3081.2382.64-0.74MTD ahead
2025-05-2982.2283.91-0.79MTD ahead
2025-05-2880.4882.79-0.94MTD ahead
2025-05-2780.7583.17-0.96MTD ahead
2025-05-2378.7779.68-0.65MTD ahead
2025-05-2279.6181.25-0.81MTD ahead
2025-05-2179.0581.05-0.90MTD ahead
2025-05-2082.3684.82-0.98MTD ahead
2025-05-1982.3382.90-0.59MTD ahead
2025-05-1682.5782.78-0.52MTD ahead
2025-05-1581.5881.77-0.52MTD ahead
2025-05-1480.9479.95-0.26near the usual relationship
2025-05-1383.7784.18-0.57MTD ahead
2025-05-1283.8784.01-0.52MTD ahead
2025-05-0977.6177.31-0.43near the usual relationship
2025-05-0878.8978.79-0.48near the usual relationship
2025-05-0778.0477.56-0.40near the usual relationship
2025-05-0676.3876.05-0.44near the usual relationship
2025-05-0578.6578.04-0.38near the usual relationship
2025-05-0278.8478.67-0.48near the usual relationship
2025-05-0177.2775.57-0.15near the usual relationship
2025-04-3078.1076.57-0.20near the usual relationship
2025-04-2977.9976.19-0.14near the usual relationship
2025-04-2877.5775.92-0.18near the usual relationship
2025-04-2577.1475.94-0.29near the usual relationship
2025-04-2477.6776.89-0.38near the usual relationship
2025-04-2376.2174.83-0.25near the usual relationship
2025-04-2274.6271.75+0.08near the usual relationship
2025-04-2172.7769.39+0.21near the usual relationship
2025-04-1774.3871.88-0.01near the usual relationship
2025-04-1674.5472.71-0.17near the usual relationship
2025-04-1574.8474.85-0.57MTD ahead
2025-04-1476.3577.45-0.81MTD ahead
2025-04-1174.5574.52-0.58MTD ahead
2025-04-1072.5471.36-0.33near the usual relationship
2025-04-0977.7075.93-0.23near the usual relationship
2025-04-0872.0669.55-0.04near the usual relationship
2025-04-0775.1973.82-0.31near the usual relationship
2025-04-0474.7673.14-0.26near the usual relationship
2025-04-0379.6078.33-0.36near the usual relationship
2025-04-0284.1883.86-0.55MTD ahead
2025-04-0182.7882.71-0.61MTD ahead
2025-03-3184.9084.46-0.54MTD ahead
2025-03-2884.6984.19-0.54MTD ahead
2025-03-2786.3585.35-0.45near the usual relationship
2025-03-2687.0285.18-0.31near the usual relationship
2025-03-2587.4785.47-0.29near the usual relationship
2025-03-2488.5386.69-0.32near the usual relationship
2025-03-2187.6485.77-0.32near the usual relationship
2025-03-2087.3085.85-0.40near the usual relationship
2025-03-1988.7087.29-0.42near the usual relationship
2025-03-1889.3588.88-0.59MTD ahead
2025-03-1788.9088.33-0.57MTD ahead
2025-03-1487.9587.99-0.69MTD ahead
2025-03-1385.1685.97-0.83MTD ahead
2025-03-1286.9986.97-0.69MTD ahead
2025-03-1187.8488.91-0.88MTD ahead
2025-03-1088.4792.58-1.39MTD ahead
2025-03-0791.9692.37-0.78MTD ahead
2025-03-0691.8591.01-0.59MTD ahead
2025-03-0591.8289.96-0.42near the usual relationship
2025-03-0489.3288.76-0.64MTD ahead
2025-03-0391.6990.73-0.58MTD ahead
2025-02-2892.8491.03-0.45near the usual relationship
2025-02-2792.2389.64-0.32near the usual relationship
2025-02-2697.6092.23+0.09near the usual relationship
2025-02-2597.3993.61-0.16near the usual relationship
2025-02-2498.1993.69-0.06near the usual relationship
2025-02-2198.2592.01+0.21near the usual relationship
2025-02-2099.2893.20+0.17near the usual relationship
2025-02-1999.5493.19+0.21near the usual relationship
2025-02-1898.1391.06+0.33near the usual relationship
2025-02-1497.7490.97+0.29near the usual relationship
2025-02-1399.0392.77+0.19near the usual relationship
2025-02-12100.2293.88+0.18near the usual relationship
2025-02-11102.8895.26+0.35near the usual relationship
2025-02-10104.2995.87+0.45near the usual relationship
2025-02-07105.3999.41+0.07near the usual relationship
2025-02-06107.1697.07+0.66A ahead
2025-02-05107.4197.52+0.62A ahead
2025-02-04106.7295.82+0.78A ahead
2025-02-03107.8796.01+0.91A ahead
2025-01-31109.9797.59+0.96A ahead
2025-01-30109.8797.59+0.95A ahead
2025-01-29106.7695.52+0.84A ahead
2025-01-28109.1296.76+0.98A ahead
2025-01-27109.5796.35+1.10A ahead
2025-01-24109.9195.20+1.33A ahead
2025-01-23110.6595.50+1.39A ahead
2025-01-22110.7694.74+1.53A ahead
2025-01-21110.7394.73+1.53A ahead
2025-01-17106.9592.65+1.35A ahead
2025-01-16105.0492.80+1.06A ahead
2025-01-15103.2391.53+1.01A ahead
2025-01-14104.1090.93+1.24A ahead
2025-01-13103.0390.63+1.13A ahead
2025-01-1099.7886.61+1.33A ahead
2025-01-0899.4389.15+0.85A ahead
2025-01-0799.7389.76+0.78A ahead
2025-01-0699.0289.56+0.71A ahead
2025-01-0398.4888.56+0.79A ahead
2025-01-0296.8487.31+0.74A ahead
2024-12-3197.5087.52+0.80A ahead
2024-12-3097.5687.25+0.85A ahead
2024-12-2798.3788.27+0.80A ahead
2024-12-2698.5889.06+0.70A ahead
2024-12-2498.7889.14+0.71A ahead
2024-12-2397.6988.28+0.68A ahead
2024-12-2097.6388.02+0.71A ahead
2024-12-1996.6786.26+0.85A ahead
2024-12-1896.5486.86+0.73A ahead
2024-12-1799.0489.18+0.71A ahead
2024-12-1699.9290.17+0.68A ahead
2024-12-13100.8991.33+0.63A ahead
2024-12-12102.2791.33+0.82A ahead
2024-12-11102.4790.88+0.91A ahead
2024-12-10103.0190.88+0.97A ahead
2024-12-09104.5191.67+1.05A ahead
2024-12-06102.0389.97+0.97A ahead
2024-12-05100.0789.25+0.80A ahead
2024-12-04101.7690.31+0.87A ahead
2024-12-03101.0989.96+0.82A ahead
2024-12-02101.3190.04+0.84A ahead
2024-11-29100.1489.49+0.76A ahead
2024-11-27100.2688.93+0.85A ahead
2024-11-2697.5388.14+0.59A ahead
2024-11-2597.6187.58+0.69A ahead
2024-11-2297.1487.11+0.69A ahead
2024-11-2195.8585.60+0.74A ahead
2024-11-2093.3283.46+0.72A ahead
2024-11-1991.2383.01+0.49near the usual relationship
2024-11-1892.1284.01+0.46near the usual relationship
2024-11-1592.2384.36+0.42near the usual relationship
2024-11-1494.5188.53+0.10near the usual relationship
2024-11-1397.4690.02+0.29near the usual relationship
2024-11-1297.0290.19+0.21near the usual relationship
2024-11-1197.1589.41+0.34near the usual relationship
2024-11-0899.2093.69-0.01near the usual relationship
2024-11-07101.34100.95-0.73MTD ahead
2024-11-06100.00100.00-0.78MTD ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Aug 28, 2025 (A +5.3%, MTD -0.2%); May 8, 2026 (A -2.5%, MTD -14.8%); May 28, 2026 (A +16.9%, MTD +6.4%). Upcoming earnings: A Nov 23, 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)

2 simulated trades to Nov 3, 2026: +6.93% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long A · Short MTDNov 12, 2020Feb 17, 2021converged97$1,768.44-$56.92$1,734.59 (+17.35%)
Long A · Short MTDAug 12, 2020Nov 9, 2020divergence stop89-$288.10-$80.73-$347.66 (-3.48%)

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

The companies

A and MTD at a glance

A Agilent Technologies Inc.

Listing
NYSE · SEC CIK 1090872
Industry
Biotechnology: Laboratory Analytical Instruments · SIC 3826 Laboratory Analytical Instruments
Market value
$49.5B
Price history
2,534 daily closes, Oct 12, 2016 to Nov 10, 2026

MTD Mettler-Toledo International Inc.

Listing
NYSE · SEC CIK 1037646
Industry
Biotechnology: Laboratory Analytical Instruments · SIC 3826 Laboratory Analytical Instruments
Market value
$34.0B
Price history
2,534 daily closes, Oct 12, 2016 to Nov 10, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
A / WATMeasured twinA by 0.33 sdBiotechnology: Laboratory Analytical Instruments
WAT / MTDWatchlistneitherBiotechnology: Laboratory Analytical Instruments
A / ILMNWatchlistneitherSIC 3826 Laboratory Analytical Instruments

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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.