Agilent Technologies Inc. vs Waters Corporation
Measured twinA / WATPrices through Nov 10, 2026
Why these are rivals: #1 and #2 by market value ($49B vs $45B) in Nasdaq's "Biotechnology: Laboratory Analytical Instruments" industry; SEC SIC 3826 / 3826 (same major group); #1 and #2 by market value ($49B vs $45B) with SEC SIC 3826 (Laboratory Analytical Instruments).
The price gap between these two has a measured habit of closing. A 2 standard deviation gap becomes a paired paper idea.
- no divergence: z = 0.33 (needs |z| >= 2.0)
Business leadership
A is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | A | WAT | Larger |
|---|---|---|---|
| 2025 | $6.9B | $3.2B | A |
| 2024 | $6.5B | $3.0B | A |
| 2023 | $6.8B | $3.0B | A |
| 2022 | $6.8B | $3.0B | A |
| 2021 | $6.3B | $2.8B | A |
| 2020 | $5.3B | $2.4B | A |
A led in every year with figures for both. Market value: A $49.5B, WAT $45.2B.
Stock leadership
A is ahead now
Measured against the pair's own last 252 trading days.
A leads WAT by 0.33 standard deviations: +1.5% over its usual price ratio. 4 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| A | +20.0% | +57.6% | +21.2% |
| WAT | +14.3% | +35.0% | +27.9% |
Relationship
The gap has closed before
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2534 (needs >= 254)
- Pass
- Co-movement: daily return correlation, 252 sessions: 0.67 (needs >= 0.60)
- Pass
- Mean reversion: ADF t-statistic of the spread: -3.29 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 7.85 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
A Agilent Technologies Inc. WAT Waters CorporationPrice index, 100 = 2024-11-06. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: A relative to WAT, against the 252 sessions before each day. Above 0: A ahead; below 0: WAT ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | A index | WAT index | z | Ahead |
|---|---|---|---|---|
| 2026-11-10 | 129.10 | 122.97 | +0.33 | near the usual relationship |
| 2026-11-09 | 130.77 | 123.28 | +0.56 | A ahead |
| 2026-11-06 | 126.84 | 118.34 | +0.79 | A ahead |
| 2026-11-05 | 124.68 | 117.17 | +0.62 | A ahead |
| 2026-11-04 | 128.59 | 120.92 | +0.59 | A ahead |
| 2026-11-03 | 127.35 | 118.93 | +0.72 | A ahead |
| 2026-11-02 | 124.83 | 116.25 | +0.76 | A ahead |
| 2026-10-30 | 126.92 | 119.66 | +0.48 | near the usual relationship |
| 2026-10-29 | 131.48 | 124.15 | +0.44 | near the usual relationship |
| 2026-10-28 | 131.72 | 123.32 | +0.60 | A ahead |
| 2026-10-27 | 128.82 | 121.17 | +0.49 | near the usual relationship |
| 2026-10-26 | 127.71 | 117.92 | +0.86 | A ahead |
| 2026-10-23 | 125.61 | 117.32 | +0.61 | A ahead |
| 2026-10-22 | 126.21 | 117.82 | +0.61 | A ahead |
| 2026-10-21 | 129.01 | 118.30 | +0.95 | A ahead |
| 2026-10-20 | 125.57 | 114.52 | +1.04 | A ahead |
| 2026-10-19 | 123.31 | 112.30 | +1.05 | A ahead |
| 2026-10-16 | 125.54 | 113.00 | +1.26 | A ahead |
| 2026-10-15 | 127.41 | 114.86 | +1.22 | A ahead |
| 2026-10-14 | 126.29 | 112.91 | +1.37 | A ahead |
| 2026-10-13 | 124.55 | 110.99 | +1.42 | A ahead |
| 2026-10-12 | 124.35 | 111.74 | +1.25 | A ahead |
| 2026-10-09 | 123.78 | 112.18 | +1.07 | A ahead |
| 2026-10-08 | 122.06 | 110.98 | +0.99 | A ahead |
| 2026-10-07 | 122.72 | 112.75 | +0.78 | A ahead |
| 2026-10-06 | 122.90 | 112.86 | +0.77 | A ahead |
| 2026-10-05 | 124.32 | 113.82 | +0.81 | A ahead |
| 2026-10-02 | 121.77 | 109.96 | +1.03 | A ahead |
| 2026-10-01 | 120.98 | 110.04 | +0.89 | A ahead |
| 2026-09-30 | 125.06 | 113.63 | +0.89 | A ahead |
| 2026-09-29 | 127.04 | 114.63 | +1.00 | A ahead |
| 2026-09-28 | 127.17 | 114.55 | +1.01 | A ahead |
| 2026-09-25 | 125.41 | 112.12 | +1.13 | A ahead |
| 2026-09-24 | 125.45 | 111.28 | +1.25 | A ahead |
| 2026-09-23 | 119.99 | 108.76 | +0.88 | A ahead |
| 2026-09-22 | 121.40 | 110.10 | +0.86 | A ahead |
| 2026-09-21 | 117.54 | 109.63 | +0.40 | near the usual relationship |
| 2026-09-18 | 113.57 | 109.04 | -0.08 | near the usual relationship |
| 2026-09-17 | 113.47 | 111.13 | -0.40 | near the usual relationship |
| 2026-09-16 | 111.55 | 108.26 | -0.27 | near the usual relationship |
| 2026-09-15 | 109.07 | 107.86 | -0.57 | WAT ahead |
| 2026-09-14 | 106.55 | 106.03 | -0.67 | WAT ahead |
| 2026-09-11 | 106.64 | 105.60 | -0.60 | WAT ahead |
| 2026-09-10 | 103.88 | 103.87 | -0.76 | WAT ahead |
| 2026-09-09 | 105.06 | 104.69 | -0.71 | WAT ahead |
| 2026-09-08 | 106.58 | 104.19 | -0.42 | near the usual relationship |
| 2026-09-04 | 109.49 | 105.87 | -0.26 | near the usual relationship |
| 2026-09-03 | 108.85 | 106.95 | -0.51 | WAT ahead |
| 2026-09-02 | 109.88 | 106.60 | -0.33 | near the usual relationship |
| 2026-09-01 | 108.82 | 104.95 | -0.25 | near the usual relationship |
| 2026-08-31 | 111.45 | 107.23 | -0.21 | near the usual relationship |
| 2026-08-28 | 111.66 | 107.24 | -0.19 | near the usual relationship |
| 2026-08-27 | 114.45 | 108.94 | -0.06 | near the usual relationship |
| 2026-08-26 | 112.56 | 107.11 | -0.06 | near the usual relationship |
| 2026-08-25 | 112.33 | 107.18 | -0.11 | near the usual relationship |
| 2026-08-24 | 111.36 | 106.22 | -0.11 | near the usual relationship |
| 2026-08-21 | 115.40 | 106.21 | +0.42 | near the usual relationship |
| 2026-08-20 | 113.44 | 104.65 | +0.38 | near the usual relationship |
| 2026-08-19 | 112.80 | 107.54 | -0.11 | near the usual relationship |
| 2026-08-18 | 107.74 | 103.77 | -0.26 | near the usual relationship |
| 2026-08-17 | 107.74 | 105.44 | -0.50 | WAT ahead |
| 2026-08-14 | 107.80 | 106.59 | -0.66 | WAT ahead |
| 2026-08-13 | 108.35 | 106.94 | -0.64 | WAT ahead |
| 2026-08-12 | 107.59 | 107.62 | -0.84 | WAT ahead |
| 2026-08-11 | 108.50 | 107.32 | -0.68 | WAT ahead |
| 2026-08-10 | 107.94 | 106.49 | -0.65 | WAT ahead |
| 2026-08-07 | 105.94 | 105.22 | -0.75 | WAT ahead |
| 2026-08-06 | 102.58 | 103.36 | -0.97 | WAT ahead |
| 2026-08-05 | 102.42 | 103.44 | -1.01 | WAT ahead |
| 2026-08-04 | 101.03 | 102.43 | -1.07 | WAT ahead |
| 2026-08-03 | 101.47 | 96.91 | -0.21 | near the usual relationship |
| 2026-07-31 | 100.43 | 97.57 | -0.47 | near the usual relationship |
| 2026-07-30 | 100.67 | 98.35 | -0.55 | WAT ahead |
| 2026-07-29 | 101.83 | 98.14 | -0.36 | near the usual relationship |
| 2026-07-28 | 102.00 | 99.28 | -0.50 | WAT ahead |
| 2026-07-27 | 100.08 | 95.99 | -0.30 | near the usual relationship |
| 2026-07-24 | 100.57 | 96.89 | -0.37 | near the usual relationship |
| 2026-07-23 | 101.42 | 98.89 | -0.54 | WAT ahead |
| 2026-07-22 | 96.86 | 95.90 | -0.77 | WAT ahead |
| 2026-07-21 | 96.43 | 95.05 | -0.71 | WAT ahead |
| 2026-07-20 | 94.54 | 92.46 | -0.60 | WAT ahead |
| 2026-07-17 | 95.41 | 95.42 | -0.93 | WAT ahead |
| 2026-07-16 | 98.78 | 97.80 | -0.79 | WAT ahead |
| 2026-07-15 | 97.77 | 96.96 | -0.82 | WAT ahead |
| 2026-07-14 | 98.13 | 97.34 | -0.82 | WAT ahead |
| 2026-07-13 | 97.29 | 96.52 | -0.82 | WAT ahead |
| 2026-07-10 | 97.47 | 97.35 | -0.91 | WAT ahead |
| 2026-07-09 | 96.96 | 97.53 | -1.01 | WAT ahead |
| 2026-07-08 | 93.68 | 95.20 | -1.16 | WAT ahead |
| 2026-07-07 | 95.18 | 96.96 | -1.19 | WAT ahead |
| 2026-07-06 | 94.79 | 97.98 | -1.40 | WAT ahead |
| 2026-07-02 | 94.85 | 98.09 | -1.40 | WAT ahead |
| 2026-07-01 | 96.81 | 97.79 | -1.06 | WAT ahead |
| 2026-06-30 | 96.41 | 96.99 | -1.00 | WAT ahead |
| 2026-06-29 | 96.41 | 95.39 | -0.75 | WAT ahead |
| 2026-06-26 | 98.72 | 96.82 | -0.62 | WAT ahead |
| 2026-06-25 | 98.35 | 97.47 | -0.76 | WAT ahead |
| 2026-06-24 | 95.54 | 95.47 | -0.87 | WAT ahead |
| 2026-06-23 | 91.94 | 92.37 | -0.94 | WAT ahead |
| 2026-06-22 | 91.81 | 92.65 | -1.00 | WAT ahead |
| 2026-06-18 | 92.22 | 91.92 | -0.82 | WAT ahead |
| 2026-06-17 | 90.24 | 92.32 | -1.18 | WAT ahead |
| 2026-06-16 | 93.15 | 93.24 | -0.87 | WAT ahead |
| 2026-06-15 | 94.78 | 92.52 | -0.52 | WAT ahead |
| 2026-06-12 | 94.24 | 91.94 | -0.51 | WAT ahead |
| 2026-06-11 | 94.03 | 93.03 | -0.70 | WAT ahead |
| 2026-06-10 | 95.53 | 93.92 | -0.61 | WAT ahead |
| 2026-06-09 | 98.33 | 95.98 | -0.50 | WAT ahead |
| 2026-06-08 | 96.31 | 93.96 | -0.48 | near the usual relationship |
| 2026-06-05 | 98.30 | 94.48 | -0.27 | near the usual relationship |
| 2026-06-04 | 100.43 | 97.36 | -0.38 | near the usual relationship |
| 2026-06-03 | 99.72 | 98.21 | -0.58 | WAT ahead |
| 2026-06-02 | 98.02 | 96.18 | -0.52 | WAT ahead |
| 2026-06-01 | 98.69 | 97.79 | -0.63 | WAT ahead |
| 2026-05-29 | 98.37 | 99.19 | -0.84 | WAT ahead |
| 2026-05-28 | 98.26 | 94.82 | -0.27 | near the usual relationship |
| 2026-05-27 | 84.08 | 88.49 | -1.35 | WAT ahead |
| 2026-05-26 | 83.52 | 87.57 | -1.29 | WAT ahead |
| 2026-05-22 | 83.44 | 88.54 | -1.42 | WAT ahead |
| 2026-05-21 | 83.31 | 88.18 | -1.38 | WAT ahead |
| 2026-05-20 | 82.58 | 88.27 | -1.49 | WAT ahead |
| 2026-05-19 | 80.25 | 86.18 | -1.54 | WAT ahead |
| 2026-05-18 | 81.37 | 85.91 | -1.32 | WAT ahead |
| 2026-05-15 | 81.07 | 85.14 | -1.25 | WAT ahead |
| 2026-05-14 | 82.20 | 86.17 | -1.22 | WAT ahead |
| 2026-05-13 | 81.83 | 86.61 | -1.33 | WAT ahead |
| 2026-05-12 | 81.94 | 91.08 | -1.91 | WAT ahead |
| 2026-05-11 | 80.90 | 90.01 | -1.91 | WAT ahead |
| 2026-05-08 | 83.92 | 91.84 | -1.70 | WAT ahead |
| 2026-05-07 | 86.12 | 90.64 | -1.23 | WAT ahead |
| 2026-05-06 | 85.42 | 90.39 | -1.28 | WAT ahead |
| 2026-05-05 | 85.30 | 88.64 | -1.06 | WAT ahead |
| 2026-05-04 | 81.42 | 78.07 | -0.12 | near the usual relationship |
| 2026-05-01 | 83.12 | 79.42 | -0.07 | near the usual relationship |
| 2026-04-30 | 83.87 | 79.97 | -0.04 | near the usual relationship |
| 2026-04-29 | 80.78 | 75.55 | +0.19 | near the usual relationship |
| 2026-04-28 | 83.37 | 77.77 | +0.22 | near the usual relationship |
| 2026-04-27 | 83.92 | 77.53 | +0.34 | near the usual relationship |
| 2026-04-24 | 83.87 | 80.13 | -0.03 | near the usual relationship |
| 2026-04-23 | 83.05 | 80.48 | -0.17 | near the usual relationship |
| 2026-04-22 | 87.44 | 86.47 | -0.39 | near the usual relationship |
| 2026-04-21 | 88.61 | 86.69 | -0.26 | near the usual relationship |
| 2026-04-20 | 87.79 | 86.79 | -0.37 | near the usual relationship |
| 2026-04-17 | 88.45 | 84.76 | -0.03 | near the usual relationship |
| 2026-04-16 | 85.83 | 82.51 | -0.05 | near the usual relationship |
| 2026-04-15 | 86.93 | 84.36 | -0.15 | near the usual relationship |
| 2026-04-14 | 87.38 | 85.59 | -0.24 | near the usual relationship |
| 2026-04-13 | 85.28 | 83.96 | -0.28 | near the usual relationship |
| 2026-04-10 | 83.51 | 82.75 | -0.34 | near the usual relationship |
| 2026-04-09 | 83.75 | 82.15 | -0.23 | near the usual relationship |
| 2026-04-08 | 84.86 | 82.37 | -0.12 | near the usual relationship |
| 2026-04-07 | 82.65 | 79.49 | -0.02 | near the usual relationship |
| 2026-04-06 | 83.35 | 78.64 | +0.18 | near the usual relationship |
| 2026-04-02 | 83.81 | 78.68 | +0.24 | near the usual relationship |
| 2026-04-01 | 83.13 | 77.55 | +0.31 | near the usual relationship |
| 2026-03-31 | 82.73 | 77.01 | +0.34 | near the usual relationship |
| 2026-03-30 | 81.30 | 75.87 | +0.32 | near the usual relationship |
| 2026-03-27 | 80.01 | 74.78 | +0.31 | near the usual relationship |
| 2026-03-26 | 82.36 | 77.73 | +0.22 | near the usual relationship |
| 2026-03-25 | 82.00 | 78.18 | +0.12 | near the usual relationship |
| 2026-03-24 | 82.89 | 78.08 | +0.24 | near the usual relationship |
| 2026-03-23 | 81.30 | 78.05 | +0.06 | near the usual relationship |
| 2026-03-20 | 80.78 | 77.32 | +0.09 | near the usual relationship |
| 2026-03-19 | 81.11 | 77.47 | +0.12 | near the usual relationship |
| 2026-03-18 | 80.93 | 76.30 | +0.25 | near the usual relationship |
| 2026-03-17 | 81.83 | 76.80 | +0.30 | near the usual relationship |
| 2026-03-16 | 81.17 | 75.00 | +0.46 | near the usual relationship |
| 2026-03-13 | 80.93 | 74.11 | +0.55 | A ahead |
| 2026-03-12 | 81.02 | 73.27 | +0.68 | A ahead |
| 2026-03-11 | 83.77 | 76.95 | +0.54 | A ahead |
| 2026-03-10 | 83.78 | 77.49 | +0.47 | near the usual relationship |
| 2026-03-09 | 84.66 | 79.05 | +0.39 | near the usual relationship |
| 2026-03-06 | 83.52 | 78.24 | +0.36 | near the usual relationship |
| 2026-03-05 | 85.72 | 81.61 | +0.21 | near the usual relationship |
| 2026-03-04 | 87.49 | 82.51 | +0.31 | near the usual relationship |
| 2026-03-03 | 86.40 | 80.72 | +0.40 | near the usual relationship |
| 2026-03-02 | 85.77 | 79.45 | +0.48 | near the usual relationship |
| 2026-02-27 | 88.10 | 82.59 | +0.37 | near the usual relationship |
| 2026-02-26 | 87.80 | 83.49 | +0.24 | near the usual relationship |
| 2026-02-25 | 90.52 | 82.61 | +0.64 | A ahead |
| 2026-02-24 | 90.29 | 84.38 | +0.41 | near the usual relationship |
| 2026-02-23 | 90.14 | 84.77 | +0.36 | near the usual relationship |
| 2026-02-20 | 89.20 | 86.20 | +0.10 | near the usual relationship |
| 2026-02-19 | 91.70 | 84.99 | +0.50 | A ahead |
| 2026-02-18 | 92.13 | 84.70 | +0.58 | A ahead |
| 2026-02-17 | 89.90 | 83.12 | +0.53 | A ahead |
| 2026-02-13 | 91.31 | 83.63 | +0.62 | A ahead |
| 2026-02-12 | 90.64 | 82.71 | +0.66 | A ahead |
| 2026-02-11 | 93.55 | 85.13 | +0.69 | A ahead |
| 2026-02-10 | 93.63 | 84.57 | +0.76 | A ahead |
| 2026-02-09 | 92.54 | 84.86 | +0.62 | A ahead |
| 2026-02-06 | 94.05 | 98.60 | -0.66 | WAT ahead |
| 2026-02-05 | 94.09 | 97.47 | -0.55 | WAT ahead |
| 2026-02-04 | 96.52 | 99.39 | -0.49 | near the usual relationship |
| 2026-02-03 | 95.91 | 98.00 | -0.42 | near the usual relationship |
| 2026-02-02 | 98.27 | 98.09 | -0.20 | near the usual relationship |
| 2026-01-30 | 97.15 | 95.87 | -0.09 | near the usual relationship |
| 2026-01-29 | 96.73 | 97.02 | -0.24 | near the usual relationship |
| 2026-01-28 | 97.16 | 99.57 | -0.45 | near the usual relationship |
| 2026-01-27 | 98.67 | 100.88 | -0.43 | near the usual relationship |
| 2026-01-26 | 98.45 | 101.09 | -0.47 | near the usual relationship |
| 2026-01-23 | 98.02 | 101.45 | -0.55 | WAT ahead |
| 2026-01-22 | 100.62 | 103.55 | -0.50 | WAT ahead |
| 2026-01-21 | 101.44 | 102.59 | -0.33 | near the usual relationship |
| 2026-01-20 | 98.58 | 99.27 | -0.29 | near the usual relationship |
| 2026-01-16 | 101.35 | 100.18 | -0.12 | near the usual relationship |
| 2026-01-15 | 105.12 | 102.04 | +0.06 | near the usual relationship |
| 2026-01-14 | 105.91 | 101.68 | +0.17 | near the usual relationship |
| 2026-01-13 | 106.20 | 101.90 | +0.17 | near the usual relationship |
| 2026-01-12 | 107.41 | 101.81 | +0.29 | near the usual relationship |
| 2026-01-09 | 107.80 | 102.60 | +0.25 | near the usual relationship |
| 2026-01-08 | 105.79 | 102.58 | +0.08 | near the usual relationship |
| 2026-01-07 | 107.28 | 103.29 | +0.14 | near the usual relationship |
| 2026-01-06 | 107.13 | 103.58 | +0.10 | near the usual relationship |
| 2026-01-05 | 103.74 | 102.14 | -0.07 | near the usual relationship |
| 2026-01-02 | 100.12 | 98.78 | -0.09 | near the usual relationship |
| 2025-12-31 | 98.76 | 98.23 | -0.17 | near the usual relationship |
| 2025-12-30 | 99.88 | 99.30 | -0.16 | near the usual relationship |
| 2025-12-29 | 100.11 | 99.59 | -0.17 | near the usual relationship |
| 2025-12-26 | 100.44 | 99.84 | -0.16 | near the usual relationship |
| 2025-12-24 | 100.39 | 99.52 | -0.14 | near the usual relationship |
| 2025-12-23 | 100.42 | 99.10 | -0.10 | near the usual relationship |
| 2025-12-22 | 100.54 | 99.34 | -0.11 | near the usual relationship |
| 2025-12-19 | 99.61 | 97.76 | -0.04 | near the usual relationship |
| 2025-12-18 | 99.36 | 97.32 | -0.02 | near the usual relationship |
| 2025-12-17 | 99.19 | 97.53 | -0.06 | near the usual relationship |
| 2025-12-16 | 101.02 | 97.89 | +0.08 | near the usual relationship |
| 2025-12-15 | 102.05 | 99.67 | +0.00 | near the usual relationship |
| 2025-12-12 | 101.38 | 99.65 | -0.06 | near the usual relationship |
| 2025-12-11 | 103.69 | 101.43 | -0.01 | near the usual relationship |
| 2025-12-10 | 104.13 | 102.36 | -0.06 | near the usual relationship |
| 2025-12-09 | 102.08 | 99.86 | -0.01 | near the usual relationship |
| 2025-12-08 | 103.38 | 101.57 | -0.05 | near the usual relationship |
| 2025-12-05 | 105.60 | 102.10 | +0.10 | near the usual relationship |
| 2025-12-04 | 107.65 | 102.50 | +0.25 | near the usual relationship |
| 2025-12-03 | 108.33 | 102.83 | +0.28 | near the usual relationship |
| 2025-12-02 | 108.01 | 103.09 | +0.23 | near the usual relationship |
| 2025-12-01 | 108.94 | 102.87 | +0.33 | near the usual relationship |
| 2025-11-28 | 111.41 | 104.33 | +0.42 | near the usual relationship |
| 2025-11-26 | 112.04 | 105.29 | +0.39 | near the usual relationship |
| 2025-11-25 | 114.09 | 106.68 | +0.44 | near the usual relationship |
| 2025-11-24 | 111.48 | 103.32 | +0.52 | A ahead |
| 2025-11-21 | 109.78 | 101.89 | +0.51 | A ahead |
| 2025-11-20 | 105.28 | 97.91 | +0.50 | A ahead |
| 2025-11-19 | 104.80 | 97.30 | +0.52 | A ahead |
| 2025-11-18 | 104.40 | 97.40 | +0.47 | near the usual relationship |
| 2025-11-17 | 104.89 | 97.75 | +0.49 | near the usual relationship |
| 2025-11-14 | 106.56 | 98.11 | +0.61 | A ahead |
| 2025-11-13 | 106.61 | 98.09 | +0.62 | A ahead |
| 2025-11-12 | 109.97 | 100.18 | +0.72 | A ahead |
| 2025-11-11 | 108.45 | 99.86 | +0.62 | A ahead |
| 2025-11-10 | 106.23 | 97.38 | +0.67 | A ahead |
| 2025-11-07 | 106.50 | 96.12 | +0.82 | A ahead |
| 2025-11-06 | 107.05 | 95.98 | +0.89 | A ahead |
| 2025-11-05 | 106.52 | 96.19 | +0.83 | A ahead |
| 2025-11-04 | 106.02 | 95.00 | +0.90 | A ahead |
| 2025-11-03 | 105.02 | 89.37 | +1.40 | A ahead |
| 2025-10-31 | 106.23 | 90.41 | +1.41 | A ahead |
| 2025-10-30 | 104.05 | 88.68 | +1.40 | A ahead |
| 2025-10-29 | 103.93 | 88.82 | +1.37 | A ahead |
| 2025-10-28 | 105.86 | 89.46 | +1.49 | A ahead |
| 2025-10-27 | 106.39 | 90.96 | +1.38 | A ahead |
| 2025-10-24 | 107.44 | 92.97 | +1.27 | A ahead |
| 2025-10-23 | 107.03 | 91.98 | +1.34 | A ahead |
| 2025-10-22 | 105.87 | 90.17 | +1.43 | A ahead |
| 2025-10-21 | 105.73 | 90.31 | +1.41 | A ahead |
| 2025-10-20 | 103.79 | 88.75 | +1.40 | A ahead |
| 2025-10-17 | 103.00 | 86.53 | +1.59 | A ahead |
| 2025-10-16 | 102.41 | 86.60 | +1.53 | A ahead |
| 2025-10-15 | 101.36 | 85.96 | +1.50 | A ahead |
| 2025-10-14 | 100.19 | 86.15 | +1.37 | A ahead |
| 2025-10-13 | 100.33 | 86.98 | +1.29 | A ahead |
| 2025-10-10 | 99.16 | 85.60 | +1.33 | A ahead |
| 2025-10-09 | 101.69 | 85.46 | +1.60 | A ahead |
| 2025-10-08 | 102.20 | 84.73 | +1.75 | A ahead |
| 2025-10-07 | 100.57 | 82.33 | +1.88 | A ahead |
| 2025-10-06 | 102.78 | 84.72 | +1.82 | A ahead |
| 2025-10-03 | 102.80 | 84.92 | +1.81 | A ahead |
| 2025-10-02 | 100.67 | 83.25 | +1.80 | A ahead |
| 2025-10-01 | 100.58 | 82.70 | +1.87 | A ahead |
| 2025-09-30 | 93.16 | 77.53 | +1.75 | A ahead |
| 2025-09-29 | 89.82 | 74.85 | +1.74 | A ahead |
| 2025-09-26 | 89.56 | 75.44 | +1.64 | A ahead |
| 2025-09-25 | 88.47 | 74.42 | +1.66 | A ahead |
| 2025-09-24 | 90.27 | 75.68 | +1.69 | A ahead |
| 2025-09-23 | 91.41 | 77.38 | +1.59 | A ahead |
| 2025-09-22 | 91.69 | 78.22 | +1.51 | A ahead |
| 2025-09-19 | 91.68 | 77.81 | +1.57 | A ahead |
| 2025-09-18 | 92.63 | 79.23 | +1.49 | A ahead |
| 2025-09-17 | 91.97 | 78.53 | +1.50 | A ahead |
| 2025-09-16 | 92.31 | 78.38 | +1.56 | A ahead |
| 2025-09-15 | 91.18 | 77.33 | +1.57 | A ahead |
| 2025-09-12 | 89.45 | 76.39 | +1.50 | A ahead |
| 2025-09-11 | 91.98 | 78.22 | +1.54 | A ahead |
| 2025-09-10 | 90.09 | 75.78 | +1.66 | A ahead |
| 2025-09-09 | 91.63 | 77.72 | +1.57 | A ahead |
| 2025-09-08 | 93.00 | 80.00 | +1.42 | A ahead |
| 2025-09-05 | 93.45 | 79.22 | +1.58 | A ahead |
| 2025-09-04 | 93.25 | 77.50 | +1.79 | A ahead |
| 2025-09-03 | 90.88 | 75.01 | +1.87 | A ahead |
| 2025-09-02 | 90.88 | 76.67 | +1.64 | A ahead |
| 2025-08-29 | 91.20 | 78.05 | +1.50 | A ahead |
| 2025-08-28 | 90.70 | 76.97 | +1.58 | A ahead |
| 2025-08-27 | 86.14 | 76.19 | +1.15 | A ahead |
| 2025-08-26 | 85.86 | 76.58 | +1.06 | A ahead |
| 2025-08-25 | 86.48 | 77.31 | +1.03 | A ahead |
| 2025-08-22 | 88.28 | 78.15 | +1.13 | A ahead |
| 2025-08-21 | 85.03 | 75.11 | +1.15 | A ahead |
| 2025-08-20 | 86.45 | 76.74 | +1.10 | A ahead |
| 2025-08-19 | 87.18 | 76.99 | +1.15 | A ahead |
| 2025-08-18 | 85.75 | 74.84 | +1.27 | A ahead |
| 2025-08-15 | 86.51 | 75.40 | +1.29 | A ahead |
| 2025-08-14 | 86.28 | 75.91 | +1.19 | A ahead |
| 2025-08-13 | 87.31 | 76.76 | +1.19 | A ahead |
| 2025-08-12 | 85.15 | 73.84 | +1.34 | A ahead |
| 2025-08-11 | 82.83 | 72.23 | +1.28 | A ahead |
| 2025-08-08 | 83.19 | 72.72 | +1.25 | A ahead |
| 2025-08-07 | 82.73 | 71.89 | +1.31 | A ahead |
| 2025-08-06 | 82.18 | 71.82 | +1.25 | A ahead |
| 2025-08-05 | 83.39 | 72.72 | +1.28 | A ahead |
| 2025-08-04 | 83.35 | 73.86 | +1.11 | A ahead |
| 2025-08-01 | 82.38 | 75.08 | +0.81 | A ahead |
| 2025-07-31 | 83.33 | 74.67 | +0.98 | A ahead |
| 2025-07-30 | 85.68 | 77.34 | +0.90 | A ahead |
| 2025-07-29 | 86.98 | 78.41 | +0.90 | A ahead |
| 2025-07-28 | 86.76 | 78.19 | +0.89 | A ahead |
| 2025-07-25 | 87.23 | 78.34 | +0.92 | A ahead |
| 2025-07-24 | 87.35 | 77.19 | +1.07 | A ahead |
| 2025-07-23 | 86.71 | 76.45 | +1.09 | A ahead |
| 2025-07-22 | 84.33 | 74.34 | +1.09 | A ahead |
| 2025-07-21 | 81.32 | 72.84 | +0.92 | A ahead |
| 2025-07-18 | 82.73 | 74.36 | +0.88 | A ahead |
| 2025-07-17 | 84.45 | 76.79 | +0.76 | A ahead |
| 2025-07-16 | 82.33 | 74.88 | +0.75 | A ahead |
| 2025-07-15 | 81.97 | 74.88 | +0.70 | A ahead |
| 2025-07-14 | 87.15 | 78.66 | +0.81 | A ahead |
| 2025-07-11 | 89.48 | 91.26 | -0.37 | near the usual relationship |
| 2025-07-10 | 90.12 | 91.36 | -0.32 | near the usual relationship |
| 2025-07-09 | 88.04 | 90.31 | -0.44 | near the usual relationship |
| 2025-07-08 | 87.83 | 89.94 | -0.43 | near the usual relationship |
| 2025-07-07 | 86.55 | 89.67 | -0.54 | WAT ahead |
| 2025-07-03 | 88.10 | 90.57 | -0.47 | near the usual relationship |
| 2025-07-02 | 87.57 | 91.01 | -0.58 | WAT ahead |
| 2025-07-01 | 87.42 | 92.33 | -0.73 | WAT ahead |
| 2025-06-30 | 85.65 | 90.26 | -0.72 | WAT ahead |
| 2025-06-27 | 86.49 | 91.14 | -0.72 | WAT ahead |
| 2025-06-26 | 86.67 | 91.78 | -0.77 | WAT ahead |
| 2025-06-25 | 86.09 | 90.51 | -0.72 | WAT ahead |
| 2025-06-24 | 85.38 | 89.68 | -0.71 | WAT ahead |
| 2025-06-23 | 84.29 | 88.66 | -0.73 | WAT ahead |
| 2025-06-20 | 83.87 | 88.61 | -0.78 | WAT ahead |
| 2025-06-18 | 83.84 | 87.76 | -0.70 | WAT ahead |
| 2025-06-17 | 84.26 | 88.21 | -0.71 | WAT ahead |
| 2025-06-16 | 86.38 | 89.95 | -0.67 | WAT ahead |
| 2025-06-13 | 84.98 | 88.52 | -0.68 | WAT ahead |
| 2025-06-12 | 86.30 | 90.40 | -0.73 | WAT ahead |
| 2025-06-11 | 86.89 | 89.49 | -0.60 | WAT ahead |
| 2025-06-10 | 87.47 | 90.47 | -0.64 | WAT ahead |
| 2025-06-09 | 84.73 | 90.08 | -0.88 | WAT ahead |
| 2025-06-06 | 84.05 | 90.81 | -1.02 | WAT ahead |
| 2025-06-05 | 82.70 | 89.56 | -1.05 | WAT ahead |
| 2025-06-04 | 83.42 | 91.33 | -1.15 | WAT ahead |
| 2025-06-03 | 81.84 | 90.35 | -1.23 | WAT ahead |
| 2025-06-02 | 80.60 | 88.88 | -1.23 | WAT ahead |
| 2025-05-30 | 81.23 | 90.32 | -1.31 | WAT ahead |
| 2025-05-29 | 82.22 | 91.88 | -1.36 | WAT ahead |
| 2025-05-28 | 80.48 | 91.70 | -1.54 | WAT ahead |
| 2025-05-27 | 80.75 | 92.67 | -1.61 | WAT ahead |
| 2025-05-23 | 78.77 | 89.57 | -1.55 | WAT ahead |
| 2025-05-22 | 79.61 | 90.11 | -1.52 | WAT ahead |
| 2025-05-21 | 79.05 | 89.83 | -1.57 | WAT ahead |
| 2025-05-20 | 82.36 | 93.64 | -1.59 | WAT ahead |
| 2025-05-19 | 82.33 | 92.72 | -1.52 | WAT ahead |
| 2025-05-16 | 82.57 | 92.96 | -1.53 | WAT ahead |
| 2025-05-15 | 81.58 | 90.93 | -1.46 | WAT ahead |
| 2025-05-14 | 80.94 | 89.32 | -1.39 | WAT ahead |
| 2025-05-13 | 83.77 | 92.84 | -1.44 | WAT ahead |
| 2025-05-12 | 83.87 | 94.82 | -1.62 | WAT ahead |
| 2025-05-09 | 77.61 | 88.98 | -1.76 | WAT ahead |
| 2025-05-08 | 78.89 | 90.74 | -1.81 | WAT ahead |
| 2025-05-07 | 78.04 | 89.34 | -1.78 | WAT ahead |
| 2025-05-06 | 76.38 | 87.67 | -1.83 | WAT ahead |
| 2025-05-05 | 78.65 | 90.09 | -1.83 | WAT ahead |
| 2025-05-02 | 78.84 | 90.63 | -1.88 | WAT ahead |
| 2025-05-01 | 77.27 | 88.40 | -1.85 | WAT ahead |
| 2025-04-30 | 78.10 | 89.92 | -1.93 | WAT ahead |
| 2025-04-29 | 77.99 | 88.14 | -1.78 | WAT ahead |
| 2025-04-28 | 77.57 | 87.89 | -1.83 | WAT ahead |
| 2025-04-25 | 77.14 | 87.38 | -1.84 | WAT ahead |
| 2025-04-24 | 77.67 | 88.11 | -1.87 | WAT ahead |
| 2025-04-23 | 76.21 | 86.60 | -1.91 | WAT ahead |
| 2025-04-22 | 74.62 | 85.52 | -2.01 | WAT ahead |
| 2025-04-21 | 72.77 | 81.78 | -1.85 | WAT ahead |
| 2025-04-17 | 74.38 | 83.01 | -1.81 | WAT ahead |
| 2025-04-16 | 74.54 | 83.04 | -1.81 | WAT ahead |
| 2025-04-15 | 74.84 | 83.64 | -1.86 | WAT ahead |
| 2025-04-14 | 76.35 | 86.31 | -1.99 | WAT ahead |
| 2025-04-11 | 74.55 | 84.10 | -1.99 | WAT ahead |
| 2025-04-10 | 72.54 | 81.37 | -1.96 | WAT ahead |
| 2025-04-09 | 77.70 | 87.03 | -1.97 | WAT ahead |
| 2025-04-08 | 72.06 | 79.58 | -1.86 | WAT ahead |
| 2025-04-07 | 75.19 | 84.25 | -2.02 | WAT ahead |
| 2025-04-04 | 74.76 | 84.03 | -2.08 | WAT ahead |
| 2025-04-03 | 79.60 | 89.25 | -2.08 | WAT ahead |
| 2025-04-02 | 84.18 | 93.78 | -2.04 | WAT ahead |
| 2025-04-01 | 82.78 | 92.06 | -2.05 | WAT ahead |
| 2025-03-31 | 84.90 | 95.31 | -2.17 | WAT ahead |
| 2025-03-28 | 84.69 | 93.66 | -2.05 | WAT ahead |
| 2025-03-27 | 86.35 | 95.84 | -2.11 | WAT ahead |
| 2025-03-26 | 87.02 | 95.11 | -1.98 | WAT ahead |
| 2025-03-25 | 87.47 | 95.30 | -1.97 | WAT ahead |
| 2025-03-24 | 88.53 | 96.54 | -2.01 | WAT ahead |
| 2025-03-21 | 87.64 | 94.51 | -1.91 | WAT ahead |
| 2025-03-20 | 87.30 | 93.93 | -1.91 | WAT ahead |
| 2025-03-19 | 88.70 | 96.03 | -2.00 | WAT ahead |
| 2025-03-18 | 89.35 | 98.83 | -2.26 | WAT ahead |
| 2025-03-17 | 88.90 | 97.99 | -2.25 | WAT ahead |
| 2025-03-14 | 87.95 | 97.53 | -2.36 | WAT ahead |
| 2025-03-13 | 85.16 | 94.25 | -2.37 | WAT ahead |
| 2025-03-12 | 86.99 | 96.49 | -2.43 | WAT ahead |
| 2025-03-11 | 87.84 | 97.97 | -2.54 | WAT ahead |
| 2025-03-10 | 88.47 | 100.93 | -2.85 | WAT ahead |
| 2025-03-07 | 91.96 | 101.63 | -2.53 | WAT ahead |
| 2025-03-06 | 91.85 | 99.91 | -2.38 | WAT ahead |
| 2025-03-05 | 91.82 | 97.98 | -2.19 | WAT ahead |
| 2025-03-04 | 89.32 | 95.18 | -2.20 | WAT ahead |
| 2025-03-03 | 91.69 | 96.15 | -2.03 | WAT ahead |
| 2025-02-28 | 92.84 | 97.58 | -2.09 | WAT ahead |
| 2025-02-27 | 92.23 | 96.48 | -2.05 | WAT ahead |
| 2025-02-26 | 97.60 | 99.56 | -1.77 | WAT ahead |
| 2025-02-25 | 97.39 | 98.48 | -1.67 | WAT ahead |
| 2025-02-24 | 98.19 | 98.08 | -1.54 | WAT ahead |
| 2025-02-21 | 98.25 | 96.93 | -1.40 | WAT ahead |
| 2025-02-20 | 99.28 | 98.48 | -1.48 | WAT ahead |
| 2025-02-19 | 99.54 | 97.74 | -1.36 | WAT ahead |
| 2025-02-18 | 98.13 | 97.31 | -1.50 | WAT ahead |
| 2025-02-14 | 97.74 | 95.61 | -1.34 | WAT ahead |
| 2025-02-13 | 99.03 | 98.04 | -1.50 | WAT ahead |
| 2025-02-12 | 100.22 | 98.76 | -1.46 | WAT ahead |
| 2025-02-11 | 102.88 | 104.81 | -1.90 | WAT ahead |
| 2025-02-10 | 104.29 | 105.40 | -1.82 | WAT ahead |
| 2025-02-07 | 105.39 | 105.90 | -1.76 | WAT ahead |
| 2025-02-06 | 107.16 | 106.27 | -1.61 | WAT ahead |
| 2025-02-05 | 107.41 | 107.09 | -1.69 | WAT ahead |
| 2025-02-04 | 106.72 | 106.13 | -1.67 | WAT ahead |
| 2025-02-03 | 107.87 | 106.34 | -1.57 | WAT ahead |
| 2025-01-31 | 109.97 | 107.45 | -1.47 | WAT ahead |
| 2025-01-30 | 109.87 | 107.91 | -1.55 | WAT ahead |
| 2025-01-29 | 106.76 | 104.52 | -1.52 | WAT ahead |
| 2025-01-28 | 109.12 | 106.93 | -1.55 | WAT ahead |
| 2025-01-27 | 109.57 | 107.18 | -1.54 | WAT ahead |
| 2025-01-24 | 109.91 | 106.36 | -1.40 | WAT ahead |
| 2025-01-23 | 110.65 | 106.75 | -1.38 | WAT ahead |
| 2025-01-22 | 110.76 | 105.60 | -1.22 | WAT ahead |
| 2025-01-21 | 110.73 | 107.01 | -1.42 | WAT ahead |
| 2025-01-17 | 106.95 | 104.48 | -1.58 | WAT ahead |
| 2025-01-16 | 105.04 | 104.85 | -1.90 | WAT ahead |
| 2025-01-15 | 103.23 | 102.85 | -1.90 | WAT ahead |
| 2025-01-14 | 104.10 | 104.72 | -2.06 | WAT ahead |
| 2025-01-13 | 103.03 | 103.41 | -2.05 | WAT ahead |
| 2025-01-10 | 99.78 | 98.36 | -1.82 | WAT ahead |
| 2025-01-08 | 99.43 | 96.77 | -1.65 | WAT ahead |
| 2025-01-07 | 99.73 | 97.50 | -1.74 | WAT ahead |
| 2025-01-06 | 99.02 | 97.52 | -1.86 | WAT ahead |
| 2025-01-03 | 98.48 | 96.14 | -1.75 | WAT ahead |
| 2025-01-02 | 96.84 | 95.23 | -1.88 | WAT ahead |
| 2024-12-31 | 97.50 | 95.94 | -1.91 | WAT ahead |
| 2024-12-30 | 97.56 | 95.93 | -1.92 | WAT ahead |
| 2024-12-27 | 98.37 | 96.87 | -1.97 | WAT ahead |
| 2024-12-26 | 98.58 | 97.44 | -2.05 | WAT ahead |
| 2024-12-24 | 98.78 | 96.50 | -1.90 | WAT ahead |
| 2024-12-23 | 97.69 | 95.62 | -1.95 | WAT ahead |
| 2024-12-20 | 97.63 | 95.21 | -1.91 | WAT ahead |
| 2024-12-19 | 96.67 | 93.26 | -1.77 | WAT ahead |
| 2024-12-18 | 96.54 | 93.21 | -1.80 | WAT ahead |
| 2024-12-17 | 99.04 | 96.65 | -1.99 | WAT ahead |
| 2024-12-16 | 99.92 | 96.72 | -1.88 | WAT ahead |
| 2024-12-13 | 100.89 | 97.82 | -1.93 | WAT ahead |
| 2024-12-12 | 102.27 | 99.05 | -1.94 | WAT ahead |
| 2024-12-11 | 102.47 | 99.63 | -2.02 | WAT ahead |
| 2024-12-10 | 103.01 | 100.95 | -2.18 | WAT ahead |
| 2024-12-09 | 104.51 | 101.38 | -2.04 | WAT ahead |
| 2024-12-06 | 102.03 | 99.32 | -2.12 | WAT ahead |
| 2024-12-05 | 100.07 | 98.61 | -2.36 | WAT ahead |
| 2024-12-04 | 101.76 | 101.21 | -2.55 | WAT ahead |
| 2024-12-03 | 101.09 | 100.08 | -2.52 | WAT ahead |
| 2024-12-02 | 101.31 | 100.11 | -2.52 | WAT ahead |
| 2024-11-29 | 100.14 | 99.49 | -2.65 | WAT ahead |
| 2024-11-27 | 100.26 | 99.97 | -2.76 | WAT ahead |
| 2024-11-26 | 97.53 | 100.38 | -3.40 | WAT ahead |
| 2024-11-25 | 97.61 | 97.79 | -2.98 | WAT ahead |
| 2024-11-22 | 97.14 | 96.58 | -2.89 | WAT ahead |
| 2024-11-21 | 95.85 | 95.30 | -2.95 | WAT ahead |
| 2024-11-20 | 93.32 | 92.52 | -2.96 | WAT ahead |
| 2024-11-19 | 91.23 | 89.14 | -2.74 | WAT ahead |
| 2024-11-18 | 92.12 | 91.93 | -3.22 | WAT ahead |
| 2024-11-15 | 92.23 | 92.70 | -3.45 | WAT ahead |
| 2024-11-14 | 94.51 | 97.42 | -4.10 | WAT ahead |
| 2024-11-13 | 97.46 | 99.72 | -4.09 | WAT ahead |
| 2024-11-12 | 97.02 | 99.77 | -4.37 | WAT ahead |
| 2024-11-11 | 97.15 | 98.46 | -4.20 | WAT ahead |
| 2024-11-08 | 99.20 | 99.44 | -4.10 | WAT ahead |
| 2024-11-07 | 101.34 | 99.85 | -3.82 | WAT ahead |
| 2024-11-06 | 100.00 | 100.00 | -4.35 | WAT ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jul 14, 2025 (A -2.6%, WAT -13.8%); Feb 9, 2026 (A -1.6%, WAT -13.9%); May 5, 2026 (A +4.8%, WAT +13.5%); May 28, 2026 (A +16.9%, WAT +7.2%). 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)
1 simulated trade to Nov 3, 2026: -4.91% per trade on average after costs, 0 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long A · Short WAT | Aug 29, 2023 | Sep 20, 2023 | divergence stop | 22 | -$449.35 | -$45.84 | -$491.39 (-4.91%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
A and WAT 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
WAT Waters Corporation
- Listing
- NYSE · SEC CIK 1000697
- Industry
- Biotechnology: Laboratory Analytical Instruments · SIC 3826 Laboratory Analytical Instruments
- Market value
- $45.2B
- 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 →Other rivals of A and WAT
| Pair | Status | Ahead now | Industry |
|---|---|---|---|
| WAT / ILMN | Watchlist | neither | SIC 3826 Laboratory Analytical Instruments |
| WAT / MTD | Watchlist | neither | Biotechnology: Laboratory Analytical Instruments |
| A / ILMN | Watchlist | neither | SIC 3826 Laboratory Analytical Instruments |
| A / MTD | Watchlist | neither | Biotechnology: Laboratory Analytical Instruments |
Follow the research behind the paper book
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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.
