Railroads

Canadian Pacific Kansas City Limited vs CSX Corporation

WatchlistCP / CSXPrices through Nov 10, 2026

Why these are rivals: #2 and #3 by market value ($93B vs $79B) in Nasdaq's "Railroads" industry; SEC SIC 4011 / 4011 (same major group); #2 and #3 by market value ($93B vs $79B) with SEC SIC 4011 (Railroads, Line-Haul Operating).

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: -1.83 (needs <= -2.873 (5% critical value))
Business leadership

Business size

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

YearCPCSXLarger
2025-$14.1B-
2024-$14.5B-
2023-$14.7B-
2022-$14.9B-
2021-$12.5B-
2020-$10.6B-

Market value: CP $79.3B, CSX $93.5B.

Stock leadership

CSX is ahead now

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

CSX leads CP by 0.83 standard deviations: +4.3% over its usual price ratio. 0 lead switches in the last year.

Price change3 mo6 mo12 mo
CP+1.2%+9.3%+32.3%
CSX+2.0%+14.7%+44.5%
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: 0.67 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.83 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 24.28 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CP Canadian Pacific Kansas City Limited CSX CSX CorporationPrice index, 100 = 2024-11-06. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100Nov 2024Nov 2025Nov 2026CP 119CSX 139
Spread z-score: CP relative to CSX, against the 252 sessions before each day. Above 0: CP ahead; below 0: CSX ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopNov 2024Nov 2025Nov 2026
Data table (504 sessions)
DateCP indexCSX indexzAhead
2026-11-10119.49138.50-0.83CSX ahead
2026-11-09119.80136.88-0.55CSX ahead
2026-11-06117.43133.19-0.41near the usual relationship
2026-11-05119.45137.83-0.75CSX ahead
2026-11-04120.28141.13-1.09CSX ahead
2026-11-03116.23137.53-1.27CSX ahead
2026-11-02116.56139.97-1.57CSX ahead
2026-10-30114.26140.97-2.14CSX ahead
2026-10-29112.59141.65-2.56CSX ahead
2026-10-28113.94140.94-2.25CSX ahead
2026-10-27116.10141.73-2.00CSX ahead
2026-10-26114.43139.13-1.93CSX ahead
2026-10-23114.04137.72-1.81CSX ahead
2026-10-22115.45140.10-1.92CSX ahead
2026-10-21112.24131.24-1.18CSX ahead
2026-10-20111.26130.37-1.23CSX ahead
2026-10-19110.31129.83-1.33CSX ahead
2026-10-16111.30132.00-1.49CSX ahead
2026-10-15110.73132.02-1.61CSX ahead
2026-10-14109.72130.91-1.63CSX ahead
2026-10-13109.22129.50-1.52CSX ahead
2026-10-12108.97129.47-1.57CSX ahead
2026-10-09107.61128.15-1.63CSX ahead
2026-10-08107.47128.36-1.70CSX ahead
2026-10-07106.55126.93-1.66CSX ahead
2026-10-06108.84128.80-1.53CSX ahead
2026-10-05109.31128.61-1.43CSX ahead
2026-10-02109.49128.61-1.40CSX ahead
2026-10-01107.62126.19-1.38CSX ahead
2026-09-30108.42126.11-1.23CSX ahead
2026-09-29110.22127.25-1.09CSX ahead
2026-09-28110.28126.79-1.02CSX ahead
2026-09-25110.73126.84-0.95CSX ahead
2026-09-24111.25127.30-0.94CSX ahead
2026-09-23112.47127.96-0.83CSX ahead
2026-09-22112.10126.33-0.66CSX ahead
2026-09-21110.60124.70-0.67CSX ahead
2026-09-18111.45127.71-0.97CSX ahead
2026-09-17113.11129.88-1.00CSX ahead
2026-09-16111.71129.88-1.22CSX ahead
2026-09-15113.42131.94-1.23CSX ahead
2026-09-14114.37132.62-1.18CSX ahead
2026-09-11113.68132.73-1.29CSX ahead
2026-09-10113.19132.97-1.40CSX ahead
2026-09-09114.75131.16-0.94CSX ahead
2026-09-08116.10132.86-0.96CSX ahead
2026-09-04116.70133.98-1.02CSX ahead
2026-09-03116.32132.84-0.93CSX ahead
2026-09-02114.08131.91-1.13CSX ahead
2026-09-01113.35132.05-1.25CSX ahead
2026-08-31118.09136.96-1.18CSX ahead
2026-08-28119.91139.05-1.18CSX ahead
2026-08-27119.58139.75-1.30CSX ahead
2026-08-26120.67140.35-1.24CSX ahead
2026-08-25120.19139.67-1.24CSX ahead
2026-08-24120.63139.48-1.17CSX ahead
2026-08-21123.19139.89-0.91CSX ahead
2026-08-20120.82138.20-1.03CSX ahead
2026-08-19120.32137.42-1.01CSX ahead
2026-08-18119.35136.23-1.01CSX ahead
2026-08-17119.66137.15-1.08CSX ahead
2026-08-14119.12136.01-1.03CSX ahead
2026-08-13119.66135.95-0.96CSX ahead
2026-08-12118.09135.79-1.15CSX ahead
2026-08-11117.11135.41-1.24CSX ahead
2026-08-10115.31135.90-1.55CSX ahead
2026-08-07116.73136.31-1.42CSX ahead
2026-08-06114.98137.47-1.79CSX ahead
2026-08-05116.51138.61-1.74CSX ahead
2026-08-04115.47138.37-1.87CSX ahead
2026-08-03115.49135.11-1.51CSX ahead
2026-07-31115.49136.66-1.71CSX ahead
2026-07-30112.32136.09-2.10CSX ahead
2026-07-29116.31137.58-1.74CSX ahead
2026-07-28116.83137.85-1.72CSX ahead
2026-07-27116.45140.46-2.09CSX ahead
2026-07-24117.67144.33-2.39CSX ahead
2026-07-23117.62143.19-2.30CSX ahead
2026-07-22116.35135.39-1.59CSX ahead
2026-07-21116.14135.28-1.61CSX ahead
2026-07-20116.78135.87-1.60CSX ahead
2026-07-17119.39137.61-1.45CSX ahead
2026-07-16118.37137.99-1.63CSX ahead
2026-07-15115.26134.03-1.60CSX ahead
2026-07-14116.38135.36-1.60CSX ahead
2026-07-13116.38134.60-1.52CSX ahead
2026-07-10114.82133.98-1.65CSX ahead
2026-07-09115.08133.81-1.61CSX ahead
2026-07-08113.90132.02-1.56CSX ahead
2026-07-07113.03131.53-1.63CSX ahead
2026-07-06112.12132.35-1.84CSX ahead
2026-07-02111.85132.57-1.91CSX ahead
2026-07-01109.47131.05-2.07CSX ahead
2026-06-30110.40128.88-1.71CSX ahead
2026-06-29110.73130.18-1.82CSX ahead
2026-06-26111.77129.23-1.59CSX ahead
2026-06-25110.89128.63-1.64CSX ahead
2026-06-24108.01124.89-1.60CSX ahead
2026-06-23108.66125.16-1.55CSX ahead
2026-06-22109.15125.27-1.50CSX ahead
2026-06-18109.61123.73-1.28CSX ahead
2026-06-17109.07123.56-1.33CSX ahead
2026-06-16113.58127.17-1.17CSX ahead
2026-06-15113.73128.50-1.30CSX ahead
2026-06-12114.77128.99-1.23CSX ahead
2026-06-11113.79128.43-1.29CSX ahead
2026-06-10114.15125.84-0.99CSX ahead
2026-06-09114.92128.20-1.14CSX ahead
2026-06-08114.73127.74-1.12CSX ahead
2026-06-05114.58127.41-1.11CSX ahead
2026-06-04114.03125.35-0.97CSX ahead
2026-06-03113.54125.92-1.08CSX ahead
2026-06-02114.86125.11-0.86CSX ahead
2026-06-01112.98124.35-0.99CSX ahead
2026-05-29113.80122.72-0.75CSX ahead
2026-05-28115.43124.21-0.73CSX ahead
2026-05-27116.27127.82-0.98CSX ahead
2026-05-26113.54126.38-1.13CSX ahead
2026-05-22109.90123.43-1.24CSX ahead
2026-05-21110.47124.46-1.27CSX ahead
2026-05-20110.00124.57-1.34CSX ahead
2026-05-19109.73124.95-1.40CSX ahead
2026-05-18109.85125.27-1.43CSX ahead
2026-05-15108.38123.81-1.45CSX ahead
2026-05-14110.71124.51-1.29CSX ahead
2026-05-13109.11120.39-1.09CSX ahead
2026-05-12109.34120.74-1.10CSX ahead
2026-05-11108.00121.31-1.29CSX ahead
2026-05-08109.62121.56-1.16CSX ahead
2026-05-07108.57120.55-1.18CSX ahead
2026-05-06109.54123.64-1.36CSX ahead
2026-05-05106.38122.10-1.55CSX ahead
2026-05-04105.91121.26-1.53CSX ahead
2026-05-01109.85122.26-1.24CSX ahead
2026-04-30110.79123.18-1.24CSX ahead
2026-04-29107.38121.15-1.40CSX ahead
2026-04-28110.52122.64-1.23CSX ahead
2026-04-27111.30123.26-1.22CSX ahead
2026-04-24110.70123.13-1.27CSX ahead
2026-04-23109.80125.22-1.54CSX ahead
2026-04-22104.84117.08-1.33CSX ahead
2026-04-21105.10117.60-1.35CSX ahead
2026-04-20104.09118.52-1.54CSX ahead
2026-04-17103.81117.46-1.49CSX ahead
2026-04-16102.10115.84-1.52CSX ahead
2026-04-15103.21114.15-1.28CSX ahead
2026-04-14104.71115.27-1.24CSX ahead
2026-04-13103.75114.83-1.30CSX ahead
2026-04-10102.78114.53-1.38CSX ahead
2026-04-09103.45115.21-1.38CSX ahead
2026-04-08104.03114.26-1.26CSX ahead
2026-04-07102.03112.31-1.29CSX ahead
2026-04-06101.29112.47-1.39CSX ahead
2026-04-02100.61111.77-1.40CSX ahead
2026-04-0199.40112.36-1.59CSX ahead
2026-03-31100.22111.31-1.43CSX ahead
2026-03-3098.76107.84-1.27CSX ahead
2026-03-2799.67107.57-1.16CSX ahead
2026-03-26100.75107.24-1.03CSX ahead
2026-03-25102.00107.29-0.92CSX ahead
2026-03-24100.96105.40-0.85CSX ahead
2026-03-23101.24105.59-0.84CSX ahead
2026-03-2099.68103.50-0.81CSX ahead
2026-03-1999.96104.37-0.87CSX ahead
2026-03-18101.85107.48-0.98CSX ahead
2026-03-17102.68109.29-1.08CSX ahead
2026-03-16104.41107.86-0.79CSX ahead
2026-03-13103.66106.56-0.74CSX ahead
2026-03-12103.41106.34-0.75CSX ahead
2026-03-11105.86109.38-0.81CSX ahead
2026-03-10106.93110.93-0.85CSX ahead
2026-03-09106.89110.09-0.79CSX ahead
2026-03-06105.69108.32-0.75CSX ahead
2026-03-05108.63111.58-0.77CSX ahead
2026-03-04110.60116.00-0.99CSX ahead
2026-03-03111.84115.67-0.86CSX ahead
2026-03-02113.89117.06-0.80CSX ahead
2026-02-27111.59115.75-0.90CSX ahead
2026-02-26111.00115.65-0.95CSX ahead
2026-02-25109.28114.48-1.01CSX ahead
2026-02-24109.94115.16-1.02CSX ahead
2026-02-23107.98113.80-1.09CSX ahead
2026-02-20108.42114.72-1.14CSX ahead
2026-02-19107.91113.02-1.04CSX ahead
2026-02-18106.68112.15-1.09CSX ahead
2026-02-17106.87111.25-1.00CSX ahead
2026-02-13106.74110.82-0.98CSX ahead
2026-02-12106.65110.36-0.95CSX ahead
2026-02-11106.80112.09-1.10CSX ahead
2026-02-10105.85110.90-1.09CSX ahead
2026-02-09103.35110.41-1.30CSX ahead
2026-02-06102.42110.11-1.38CSX ahead
2026-02-05100.75108.11-1.37CSX ahead
2026-02-04101.36108.05-1.31CSX ahead
2026-02-0397.60106.16-1.53CSX ahead
2026-02-0295.62104.09-1.56CSX ahead
2026-01-3094.71102.39-1.50CSX ahead
2026-01-2996.62102.68-1.33CSX ahead
2026-01-2891.45101.36-1.79CSX ahead
2026-01-2792.69102.14-1.75CSX ahead
2026-01-2692.43101.60-1.74CSX ahead
2026-01-2392.7999.35-1.47CSX ahead
2026-01-2292.2597.02-1.29CSX ahead
2026-01-2191.7299.05-1.59CSX ahead
2026-01-2089.4596.29-1.57CSX ahead
2026-01-1692.3998.29-1.45CSX ahead
2026-01-1592.2398.43-1.50CSX ahead
2026-01-1491.8298.10-1.53CSX ahead
2026-01-1390.0196.61-1.59CSX ahead
2026-01-1291.2695.50-1.32CSX ahead
2026-01-0991.1895.44-1.34CSX ahead
2026-01-0892.0095.77-1.29CSX ahead
2026-01-0789.7995.04-1.48CSX ahead
2026-01-0693.5997.80-1.35CSX ahead
2026-01-0592.6497.37-1.43CSX ahead
2026-01-0294.8598.35-1.28CSX ahead
2025-12-3193.8198.29-1.41CSX ahead
2025-12-3094.6598.75-1.37CSX ahead
2025-12-2995.2499.57-1.40CSX ahead
2025-12-2695.2199.30-1.39CSX ahead
2025-12-2494.9999.73-1.47CSX ahead
2025-12-2394.8599.21-1.44CSX ahead
2025-12-2294.8999.08-1.43CSX ahead
2025-12-1994.5398.97-1.47CSX ahead
2025-12-1894.5599.27-1.52CSX ahead
2025-12-1793.6798.97-1.60CSX ahead
2025-12-1693.4599.78-1.74CSX ahead
2025-12-1594.81100.81-1.71CSX ahead
2025-12-1295.77101.38-1.67CSX ahead
2025-12-1195.86100.73-1.59CSX ahead
2025-12-1095.43100.57-1.64CSX ahead
2025-12-0993.1198.62-1.71CSX ahead
2025-12-0894.4398.56-1.54CSX ahead
2025-12-0593.9798.43-1.59CSX ahead
2025-12-0494.2298.10-1.52CSX ahead
2025-12-0394.1897.48-1.45CSX ahead
2025-12-0291.6094.82-1.45CSX ahead
2025-12-0192.1994.50-1.33CSX ahead
2025-11-2892.4695.88-1.47CSX ahead
2025-11-2691.8595.72-1.54CSX ahead
2025-11-2591.1394.63-1.50CSX ahead
2025-11-2489.1793.25-1.59CSX ahead
2025-11-2189.2092.95-1.56CSX ahead
2025-11-2087.7691.32-1.55CSX ahead
2025-11-1988.3292.08-1.57CSX ahead
2025-11-1888.5692.16-1.56CSX ahead
2025-11-1789.6292.22-1.42CSX ahead
2025-11-1490.0894.63-1.68CSX ahead
2025-11-1390.6594.58-1.60CSX ahead
2025-11-1292.2895.96-1.57CSX ahead
2025-11-1190.9894.85-1.61CSX ahead
2025-11-1090.4695.23-1.74CSX ahead
2025-11-0790.3295.82-1.86CSX ahead
2025-11-0687.7895.34-2.19CSX ahead
2025-11-0589.6395.77-2.00CSX ahead
2025-11-0489.9797.18-2.17CSX ahead
2025-11-0390.0897.15-2.18CSX ahead
2025-10-3191.6797.67-2.04CSX ahead
2025-10-3092.5196.64-1.80CSX ahead
2025-10-2993.2295.72-1.59CSX ahead
2025-10-2894.7596.75-1.52CSX ahead
2025-10-2794.8797.61-1.64CSX ahead
2025-10-2496.1897.97-1.52CSX ahead
2025-10-2396.7596.34-1.22CSX ahead
2025-10-2297.4697.40-1.28CSX ahead
2025-10-2196.3696.88-1.37CSX ahead
2025-10-2097.5099.43-1.58CSX ahead
2025-10-1797.4899.24-1.57CSX ahead
2025-10-1696.1597.59-1.54CSX ahead
2025-10-1597.7798.26-1.42CSX ahead
2025-10-1497.0697.97-1.49CSX ahead
2025-10-1396.9296.45-1.30CSX ahead
2025-10-1095.4396.23-1.50CSX ahead
2025-10-0996.4897.75-1.58CSX ahead
2025-10-0898.9497.48-1.19CSX ahead
2025-10-0799.0397.59-1.20CSX ahead
2025-10-0698.5698.29-1.39CSX ahead
2025-10-0398.8597.64-1.26CSX ahead
2025-10-0296.6596.45-1.42CSX ahead
2025-10-0195.3494.90-1.39CSX ahead
2025-09-3094.9096.29-1.69CSX ahead
2025-09-2993.5597.15-2.05CSX ahead
2025-09-2693.6692.22-1.28CSX ahead
2025-09-2594.5591.59-1.05CSX ahead
2025-09-2494.3691.70-1.11CSX ahead
2025-09-2394.4592.38-1.21CSX ahead
2025-09-2295.0890.02-0.74CSX ahead
2025-09-1996.3389.43-0.46near the usual relationship
2025-09-1896.3390.65-0.66CSX ahead
2025-09-1795.9288.86-0.44near the usual relationship
2025-09-1696.9488.04-0.16near the usual relationship
2025-09-1596.7488.12-0.21near the usual relationship
2025-09-1295.6688.04-0.36near the usual relationship
2025-09-1196.4689.07-0.41near the usual relationship
2025-09-1094.9286.90-0.29near the usual relationship
2025-09-0995.2187.31-0.32near the usual relationship
2025-09-0897.0287.93-0.15near the usual relationship
2025-09-0597.6388.20-0.11near the usual relationship
2025-09-0497.8088.56-0.14near the usual relationship
2025-09-0397.6987.53+0.01near the usual relationship
2025-09-0297.3887.28+0.00near the usual relationship
2025-08-2997.0788.15-0.19near the usual relationship
2025-08-2897.1788.56-0.24near the usual relationship
2025-08-2797.9288.23-0.08near the usual relationship
2025-08-2697.1587.88-0.14near the usual relationship
2025-08-2593.5088.96-0.87CSX ahead
2025-08-2295.3193.76-1.36CSX ahead
2025-08-2193.3097.26-2.23CSX ahead
2025-08-2094.6597.59-2.09CSX ahead
2025-08-1995.3599.02-2.23CSX ahead
2025-08-1893.7197.59-2.30CSX ahead
2025-08-1594.5798.48-2.33CSX ahead
2025-08-1494.1398.56-2.45CSX ahead
2025-08-1396.3697.83-2.00CSX ahead
2025-08-1295.5297.13-2.04CSX ahead
2025-08-1194.9495.53-1.89CSX ahead
2025-08-0895.5896.07-1.89CSX ahead
2025-08-0796.0595.58-1.75CSX ahead
2025-08-0697.4697.64-1.88CSX ahead
2025-08-0595.6896.66-2.03CSX ahead
2025-08-0494.7996.15-2.12CSX ahead
2025-08-0192.8594.93-2.28CSX ahead
2025-07-3193.7196.37-2.41CSX ahead
2025-07-3096.4695.69-1.84CSX ahead
2025-07-2997.0796.04-1.81CSX ahead
2025-07-2896.7096.83-2.04CSX ahead
2025-07-2598.0196.96-1.85CSX ahead
2025-07-2497.0194.90-1.68CSX ahead
2025-07-2398.5194.82-1.41CSX ahead
2025-07-2299.7695.53-1.33CSX ahead
2025-07-2198.7493.17-1.08CSX ahead
2025-07-1898.7693.25-1.10CSX ahead
2025-07-17102.2693.55-0.56CSX ahead
2025-07-16103.0190.18+0.20near the usual relationship
2025-07-15103.3590.78+0.15near the usual relationship
2025-07-14103.4092.14-0.10near the usual relationship
2025-07-11104.0992.46-0.05near the usual relationship
2025-07-10104.9990.94+0.39near the usual relationship
2025-07-09103.6990.37+0.28near the usual relationship
2025-07-08102.8390.54+0.11near the usual relationship
2025-07-07101.5389.61+0.06near the usual relationship
2025-07-03103.2491.11+0.07near the usual relationship
2025-07-02104.1591.13+0.22near the usual relationship
2025-07-01102.5190.75+0.02near the usual relationship
2025-06-30100.9988.48+0.20near the usual relationship
2025-06-2799.7789.24-0.16near the usual relationship
2025-06-26100.6588.31+0.17near the usual relationship
2025-06-2599.2688.10-0.02near the usual relationship
2025-06-24100.9888.07+0.28near the usual relationship
2025-06-23101.7187.91+0.44near the usual relationship
2025-06-20102.1486.93+0.71CP ahead
2025-06-18102.1187.42+0.61CP ahead
2025-06-17102.1087.09+0.68CP ahead
2025-06-16104.0588.29+0.78CP ahead
2025-06-13102.4687.09+0.75CP ahead
2025-06-12103.3987.83+0.77CP ahead
2025-06-11102.8987.64+0.73CP ahead
2025-06-10103.5288.42+0.68CP ahead
2025-06-09104.0486.71+1.12CP ahead
2025-06-06104.3487.39+1.04CP ahead
2025-06-05104.2986.06+1.31CP ahead
2025-06-04104.5086.58+1.25CP ahead
2025-06-03104.7486.39+1.34CP ahead
2025-06-02103.6784.71+1.52CP ahead
2025-05-30104.0385.66+1.39CP ahead
2025-05-29103.4785.20+1.41CP ahead
2025-05-28102.8884.98+1.36CP ahead
2025-05-27102.7485.22+1.29CP ahead
2025-05-23102.1483.57+1.55CP ahead
2025-05-22102.4383.08+1.72CP ahead
2025-05-21103.2282.67+1.97CP ahead
2025-05-20104.4684.68+1.77CP ahead
2025-05-19103.9884.63+1.71CP ahead
2025-05-16103.9884.92+1.66CP ahead
2025-05-15103.8284.87+1.66CP ahead
2025-05-14103.5584.14+1.79CP ahead
2025-05-13100.0582.81+1.46CP ahead
2025-05-1297.5982.19+1.14CP ahead
2025-05-0993.4477.93+1.33CP ahead
2025-05-0893.9978.52+1.30CP ahead
2025-05-0794.0576.93+1.73CP ahead
2025-05-0693.5776.17+1.84CP ahead
2025-05-0594.2777.20+1.74CP ahead
2025-05-0295.4977.82+1.85CP ahead
2025-05-0192.6676.22+1.69CP ahead
2025-04-3092.3376.11+1.66CP ahead
2025-04-2991.8376.06+1.58CP ahead
2025-04-2891.5375.57+1.65CP ahead
2025-04-2592.3475.49+1.86CP ahead
2025-04-2493.0976.30+1.82CP ahead
2025-04-2392.9274.81+2.20CP ahead
2025-04-2292.8175.33+2.06CP ahead
2025-04-2193.1574.46+2.40CP ahead
2025-04-1794.9575.05+2.68CP ahead
2025-04-1692.8974.16+2.51CP ahead
2025-04-1593.8675.65+2.34CP ahead
2025-04-1494.1976.65+2.15CP ahead
2025-04-1193.7175.95+2.26CP ahead
2025-04-1090.7275.43+1.72CP ahead
2025-04-0993.2377.71+1.67CP ahead
2025-04-0885.5572.37+1.36CP ahead
2025-04-0787.3973.45+1.51CP ahead
2025-04-0489.4373.78+1.94CP ahead
2025-04-0389.7975.89+1.41CP ahead
2025-04-0292.3280.64+0.68CP ahead
2025-04-0190.5280.10+0.39near the usual relationship
2025-03-3189.4579.80+0.21near the usual relationship
2025-03-2888.4478.93+0.20near the usual relationship
2025-03-2791.1681.13+0.26near the usual relationship
2025-03-2693.3681.07+0.82CP ahead
2025-03-2592.2280.07+0.82CP ahead
2025-03-2493.3780.94+0.86CP ahead
2025-03-2191.6880.18+0.67CP ahead
2025-03-2093.7481.29+0.86CP ahead
2025-03-1994.6081.53+1.00CP ahead
2025-03-1894.6782.05+0.88CP ahead
2025-03-1795.9282.24+1.13CP ahead
2025-03-1495.9281.37+1.37CP ahead
2025-03-1392.6978.99+1.28CP ahead
2025-03-1294.4380.12+1.39CP ahead
2025-03-1193.1280.04+1.10CP ahead
2025-03-1094.6783.11+0.63CP ahead
2025-03-0798.9484.76+1.19CP ahead
2025-03-0699.8783.87+1.66CP ahead
2025-03-0597.8783.84+1.22CP ahead
2025-03-0494.5984.60+0.23near the usual relationship
2025-03-0396.6086.58+0.19near the usual relationship
2025-02-2899.2786.80+0.76CP ahead
2025-02-2797.4986.80+0.35near the usual relationship
2025-02-2699.0286.71+0.73CP ahead
2025-02-2598.7387.01+0.59CP ahead
2025-02-2497.2186.25+0.44near the usual relationship
2025-02-2198.6287.58+0.43near the usual relationship
2025-02-2099.5888.02+0.54CP ahead
2025-02-1999.7787.88+0.62CP ahead
2025-02-18101.0391.21+0.06near the usual relationship
2025-02-1498.7690.48-0.27near the usual relationship
2025-02-1399.7389.75+0.14near the usual relationship
2025-02-1299.2089.26+0.14near the usual relationship
2025-02-1199.9489.78+0.18near the usual relationship
2025-02-1099.5389.70+0.11near the usual relationship
2025-02-0798.3388.37+0.18near the usual relationship
2025-02-0699.8588.77+0.43near the usual relationship
2025-02-0599.4889.15+0.25near the usual relationship
2025-02-0498.2589.13-0.02near the usual relationship
2025-02-0395.2488.15-0.47near the usual relationship
2025-01-31101.4189.13+0.70CP ahead
2025-01-30101.6989.10+0.78CP ahead
2025-01-29100.4589.43+0.43near the usual relationship
2025-01-28100.9088.61+0.74CP ahead
2025-01-27102.8291.21+0.52CP ahead
2025-01-24101.6688.64+0.91CP ahead
2025-01-23101.9691.30+0.32near the usual relationship
2025-01-2299.9190.13+0.16near the usual relationship
2025-01-2198.9790.21-0.07near the usual relationship
2025-01-1795.3288.75-0.54CSX ahead
2025-01-1694.9989.40-0.78CSX ahead
2025-01-1594.6588.02-0.51CSX ahead
2025-01-1494.5287.15-0.31near the usual relationship
2025-01-1393.9786.47-0.27near the usual relationship
2025-01-1095.1686.17+0.09near the usual relationship
2025-01-0897.0887.31+0.24near the usual relationship
2025-01-0798.2787.28+0.52CP ahead
2025-01-0697.2686.77+0.43near the usual relationship
2025-01-0394.1687.69-0.52CSX ahead
2025-01-0293.8787.20-0.46near the usual relationship
2024-12-3192.2087.50-0.94CSX ahead
2024-12-3091.6887.17-0.98CSX ahead
2024-12-2792.4488.02-1.02CSX ahead
2024-12-2693.1888.18-0.88CSX ahead
2024-12-2493.4988.31-0.85CSX ahead
2024-12-2393.2087.36-0.68CSX ahead
2024-12-2092.0686.36-0.69CSX ahead
2024-12-1990.5885.63-0.86CSX ahead
2024-12-1893.0286.98-0.62CSX ahead
2024-12-1793.6789.29-1.04CSX ahead
2024-12-1694.4689.32-0.86CSX ahead
2024-12-1394.7590.13-1.00CSX ahead
2024-12-1295.1291.32-1.20CSX ahead
2024-12-1196.9691.13-0.73CSX ahead
2024-12-1096.3392.65-1.24CSX ahead
2024-12-0996.2992.11-1.11CSX ahead
2024-12-0695.9593.41-1.51CSX ahead
2024-12-0597.2993.87-1.31CSX ahead
2024-12-0497.2795.72-1.75CSX ahead
2024-12-0396.3197.61-2.44CSX ahead
2024-12-0297.2298.54-2.46CSX ahead
2024-11-2997.5899.11-2.54CSX ahead
2024-11-2796.0099.19-2.98CSX ahead
2024-11-2694.7899.48-3.41CSX ahead
2024-11-2598.1899.30-2.56CSX ahead
2024-11-2297.7197.02-2.13CSX ahead
2024-11-2195.8095.82-2.33CSX ahead
2024-11-2093.6893.74-2.36CSX ahead
2024-11-1994.0093.82-2.32CSX ahead
2024-11-1894.2294.82-2.57CSX ahead
2024-11-1594.2795.25-2.71CSX ahead
2024-11-1496.6696.61-2.47CSX ahead
2024-11-1396.8398.92-3.09CSX ahead
2024-11-1297.9697.97-2.58CSX ahead
2024-11-1198.6199.02-2.74CSX ahead
2024-11-0898.8597.61-2.33CSX ahead
2024-11-07100.4196.42-1.60CSX ahead
2024-11-06100.00100.00-2.73CSX ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 6, 2024 (CP -1.1%, CSX +8.4%).

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: +7.95% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long CP · Short CSXJul 11, 2023Jul 24, 2023converged13$844.88-$45.81$794.66 (+7.95%)

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

The companies

CP and CSX at a glance

CP Canadian Pacific Kansas City Limited

Listing
NYSE · SEC CIK 16875
Industry
Railroads · SIC 4011 Railroads, Line-Haul Operating
Market value
$79.3B
Price history
2,534 daily closes, Oct 12, 2016 to Nov 10, 2026

CSX CSX Corporation

Listing
Nasdaq · SEC CIK 277948
Industry
Railroads · SIC 4011 Railroads, Line-Haul Operating
Market value
$93.5B
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
UNP / CPWatchlistUNP by 0.61 sdRailroads
UNP / CSXWatchlistCSX by 0.55 sdRailroads

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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.