Power Generation

Duke Energy Corporation (Holding Company) vs Exelon Corporation

WatchlistDUK / EXCPrices through Nov 10, 2026

Why these are rivals: #1 and #3 by market value ($99B vs $47B) in Nasdaq's "Power Generation" industry; SEC SIC 4931 / 4931 (same major group); #1 and #3 by market value ($99B vs $47B) with SEC SIC 4931 (Electric & Other Services Combined).

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: -2.83 (needs <= -2.873 (5% critical value))
Business leadership

DUK is the larger business

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

YearDUKEXCLarger
2025$31.7B$24.3BDUK
2024$30.1B$23.0BDUK
2023$28.7B$21.7BDUK
2022$28.7B$19.1BDUK
2021$24.5B$17.9BDUK
2020$23.3B$16.7BDUK

DUK led in every year with figures for both. Market value: DUK $98.6B, EXC $47.1B.

Stock leadership

DUK is ahead now

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

DUK leads EXC by 2.16 standard deviations: +4.1% over its usual price ratio. 9 lead switches in the last year.

Price change3 mo6 mo12 mo
DUK+4.4%+3.1%+4.3%
EXC+0.7%+1.2%-1.5%
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: 0.77 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.83 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 6.99 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

DUK Duke Energy Corporation (Holding Company) EXC Exelon CorporationPrice index, 100 = 2024-11-06. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100120Nov 2024Nov 2025Nov 2026DUK 113EXC 119
Spread z-score: DUK relative to EXC, against the 252 sessions before each day. Above 0: DUK ahead; below 0: EXC ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopNov 2024Nov 2025Nov 2026
Data table (504 sessions)
DateDUK indexEXC indexzAhead
2026-11-10113.47118.82+2.16DUK ahead
2026-11-09112.73119.13+1.68DUK ahead
2026-11-06112.45119.05+1.60DUK ahead
2026-11-05114.48121.42+1.51DUK ahead
2026-11-04114.05120.67+1.66DUK ahead
2026-11-03111.34118.74+1.24DUK ahead
2026-11-02112.98121.22+0.92DUK ahead
2026-10-30112.11120.46+0.84DUK ahead
2026-10-29110.80119.81+0.51DUK ahead
2026-10-28108.75116.83+0.86DUK ahead
2026-10-27109.83116.65+1.49DUK ahead
2026-10-26109.51116.23+1.54DUK ahead
2026-10-23109.99115.94+1.94DUK ahead
2026-10-22110.36117.04+1.62DUK ahead
2026-10-21106.20112.34+1.78DUK ahead
2026-10-20106.78112.29+2.13DUK ahead
2026-10-19104.96110.67+2.01DUK ahead
2026-10-16106.90113.52+1.63DUK ahead
2026-10-15104.62110.86+1.77DUK ahead
2026-10-14105.29111.17+2.00DUK ahead
2026-10-13104.01110.49+1.67DUK ahead
2026-10-12103.57109.92+1.74DUK ahead
2026-10-09102.66108.98+1.74DUK ahead
2026-10-08102.82108.90+1.90DUK ahead
2026-10-07101.65108.27+1.58DUK ahead
2026-10-06101.79108.77+1.40DUK ahead
2026-10-05100.18106.52+1.71DUK ahead
2026-10-02100.44106.29+2.01DUK ahead
2026-10-01100.10105.61+2.21DUK ahead
2026-09-30100.33105.43+2.48DUK ahead
2026-09-29100.51106.08+2.23DUK ahead
2026-09-2899.81105.22+2.30DUK ahead
2026-09-2599.75105.27+2.25DUK ahead
2026-09-2499.65104.91+2.41DUK ahead
2026-09-23100.48106.18+2.18DUK ahead
2026-09-22102.36109.08+1.67DUK ahead
2026-09-21102.74109.55+1.62DUK ahead
2026-09-18103.43109.79+1.90DUK ahead
2026-09-17104.32111.27+1.59DUK ahead
2026-09-16103.63110.75+1.46DUK ahead
2026-09-15103.64110.11+1.81DUK ahead
2026-09-14104.74111.48+1.69DUK ahead
2026-09-11105.10112.63+1.27DUK ahead
2026-09-10105.05113.23+0.92DUK ahead
2026-09-09105.98114.04+1.01DUK ahead
2026-09-08106.70114.69+1.07DUK ahead
2026-09-04105.80113.88+0.98DUK ahead
2026-09-03106.84116.21+0.36near the usual relationship
2026-09-02106.10114.74+0.68DUK ahead
2026-09-01105.95114.38+0.78DUK ahead
2026-08-31105.53114.09+0.68DUK ahead
2026-08-28105.83114.64+0.56DUK ahead
2026-08-27106.35114.72+0.80DUK ahead
2026-08-26107.27115.97+0.67DUK ahead
2026-08-25107.01115.63+0.70DUK ahead
2026-08-24107.34115.71+0.83DUK ahead
2026-08-21105.47114.25+0.55DUK ahead
2026-08-20107.97117.59+0.24near the usual relationship
2026-08-19108.77118.22+0.36near the usual relationship
2026-08-18109.12118.24+0.52DUK ahead
2026-08-17108.76118.92+0.01near the usual relationship
2026-08-14109.06119.68-0.20near the usual relationship
2026-08-13109.56119.00+0.37near the usual relationship
2026-08-12108.68118.01+0.38near the usual relationship
2026-08-11108.41117.09+0.67DUK ahead
2026-08-10106.65116.13+0.22near the usual relationship
2026-08-07109.87119.02+0.49near the usual relationship
2026-08-06109.04118.27+0.42near the usual relationship
2026-08-05108.55119.42-0.35near the usual relationship
2026-08-04109.36119.62-0.04near the usual relationship
2026-08-03109.37119.08+0.21near the usual relationship
2026-07-31110.38119.57+0.49near the usual relationship
2026-07-30111.12118.95+1.14DUK ahead
2026-07-29113.60122.73+0.64DUK ahead
2026-07-28113.74123.46+0.38near the usual relationship
2026-07-27113.38123.04+0.39near the usual relationship
2026-07-24114.86124.03+0.67DUK ahead
2026-07-23113.76123.38+0.43near the usual relationship
2026-07-22112.60121.87+0.55DUK ahead
2026-07-21110.81119.75+0.62DUK ahead
2026-07-20110.75119.94+0.52DUK ahead
2026-07-17110.01120.72-0.21near the usual relationship
2026-07-16110.98122.10-0.35near the usual relationship
2026-07-15109.43119.36+0.11near the usual relationship
2026-07-14111.21122.44-0.39near the usual relationship
2026-07-13111.64122.89-0.38near the usual relationship
2026-07-10110.43122.13-0.64EXC ahead
2026-07-09110.23121.03-0.25near the usual relationship
2026-07-08111.58123.38-0.64EXC ahead
2026-07-07112.84124.14-0.36near the usual relationship
2026-07-06110.86122.78-0.73EXC ahead
2026-07-02114.05124.95-0.14near the usual relationship
2026-07-01110.68120.72+0.10near the usual relationship
2026-06-30111.40121.66+0.03near the usual relationship
2026-06-29112.94123.04+0.16near the usual relationship
2026-06-26113.00123.70-0.10near the usual relationship
2026-06-25111.86122.00+0.10near the usual relationship
2026-06-24111.35122.39-0.32near the usual relationship
2026-06-23110.05121.66-0.64EXC ahead
2026-06-22108.70119.89-0.51EXC ahead
2026-06-18109.00119.55-0.21near the usual relationship
2026-06-17108.89118.89+0.04near the usual relationship
2026-06-16110.94121.58-0.17near the usual relationship
2026-06-15110.25120.51-0.02near the usual relationship
2026-06-12109.98120.59-0.19near the usual relationship
2026-06-11109.29118.76+0.30near the usual relationship
2026-06-10110.04119.02+0.56DUK ahead
2026-06-09108.97118.29+0.36near the usual relationship
2026-06-08107.41116.91+0.22near the usual relationship
2026-06-05109.32119.39+0.03near the usual relationship
2026-06-04107.21116.47+0.32near the usual relationship
2026-06-03106.52117.64-0.57EXC ahead
2026-06-02106.57117.43-0.45near the usual relationship
2026-06-01105.51116.68-0.64EXC ahead
2026-05-29108.01119.10-0.48near the usual relationship
2026-05-28108.91118.95+0.05near the usual relationship
2026-05-27110.31120.54+0.02near the usual relationship
2026-05-26109.98120.12+0.05near the usual relationship
2026-05-22110.60120.64+0.13near the usual relationship
2026-05-21109.71118.35+0.73DUK ahead
2026-05-20108.96117.09+0.94DUK ahead
2026-05-19109.62116.44+1.57DUK ahead
2026-05-18108.11114.74+1.63DUK ahead
2026-05-15106.44113.20+1.54DUK ahead
2026-05-14109.40115.87+1.78DUK ahead
2026-05-13109.04115.53+1.78DUK ahead
2026-05-12110.07117.38+1.44DUK ahead
2026-05-11109.92115.32+2.36DUK ahead
2026-05-08109.28114.59+2.42DUK ahead
2026-05-07109.89115.89+2.13DUK ahead
2026-05-06110.48117.48+1.68DUK ahead
2026-05-05112.28120.51+1.17DUK ahead
2026-05-04112.16121.63+0.61DUK ahead
2026-05-01113.17121.35+1.24DUK ahead
2026-04-30114.01120.02+2.26DUK ahead
2026-04-29111.34122.70-0.23near the usual relationship
2026-04-28112.47122.76+0.30near the usual relationship
2026-04-27111.85121.58+0.52DUK ahead
2026-04-24112.00122.44+0.23near the usual relationship
2026-04-23112.68122.00+0.74DUK ahead
2026-04-22110.23119.68+0.60DUK ahead
2026-04-21110.60120.75+0.32near the usual relationship
2026-04-20112.52121.09+1.07DUK ahead
2026-04-17112.67122.70+0.47near the usual relationship
2026-04-16113.20124.19+0.10near the usual relationship
2026-04-15112.63124.95-0.44near the usual relationship
2026-04-14114.21126.98-0.54EXC ahead
2026-04-13114.76125.65+0.22near the usual relationship
2026-04-10115.98126.75+0.32near the usual relationship
2026-04-09117.05129.02-0.10near the usual relationship
2026-04-08115.81128.31-0.34near the usual relationship
2026-04-07116.01128.00-0.14near the usual relationship
2026-04-06115.65127.71-0.17near the usual relationship
2026-04-02116.36128.73-0.25near the usual relationship
2026-04-01115.20127.56-0.29near the usual relationship
2026-03-31115.23127.92-0.42near the usual relationship
2026-03-30115.91128.16-0.22near the usual relationship
2026-03-27114.40126.10-0.07near the usual relationship
2026-03-26113.86126.30-0.38near the usual relationship
2026-03-25112.79124.40-0.11near the usual relationship
2026-03-24112.10123.41-0.02near the usual relationship
2026-03-23112.07123.09+0.09near the usual relationship
2026-03-20111.60121.19+0.64DUK ahead
2026-03-19114.18125.29+0.14near the usual relationship
2026-03-18115.07128.52-0.71EXC ahead
2026-03-17117.00130.58-0.68EXC ahead
2026-03-16117.45131.24-0.74EXC ahead
2026-03-13117.18130.01-0.41near the usual relationship
2026-03-12116.01129.12-0.56EXC ahead
2026-03-11114.43127.45-0.60EXC ahead
2026-03-10114.13127.90-0.90EXC ahead
2026-03-09115.36128.24-0.51EXC ahead
2026-03-06116.61128.81-0.21near the usual relationship
2026-03-05115.82127.27+0.05near the usual relationship
2026-03-04116.06128.52-0.32near the usual relationship
2026-03-03115.66127.77-0.20near the usual relationship
2026-03-02115.84128.31-0.33near the usual relationship
2026-02-27115.15129.10-0.90EXC ahead
2026-02-26113.73127.35-0.85EXC ahead
2026-02-25113.46127.09-0.86EXC ahead
2026-02-24113.05126.80-0.93EXC ahead
2026-02-23112.46125.78-0.79EXC ahead
2026-02-20111.57124.71-0.76EXC ahead
2026-02-19111.21123.59-0.48near the usual relationship
2026-02-18110.22123.28-0.78EXC ahead
2026-02-17111.51125.37-1.02EXC ahead
2026-02-13112.82126.51-0.90EXC ahead
2026-02-12110.98124.09-0.77EXC ahead
2026-02-11110.18116.00+2.09DUK ahead
2026-02-10108.81116.49+1.28DUK ahead
2026-02-09107.12114.74+1.26DUK ahead
2026-02-06107.24115.68+0.92DUK ahead
2026-02-05108.61114.98+1.81DUK ahead
2026-02-04107.55113.34+2.04DUK ahead
2026-02-03107.08114.85+1.19DUK ahead
2026-02-02105.16114.59+0.44near the usual relationship
2026-01-30106.79116.86+0.23near the usual relationship
2026-01-29106.39115.89+0.44near the usual relationship
2026-01-28105.82116.81-0.19near the usual relationship
2026-01-27105.86116.99-0.24near the usual relationship
2026-01-26104.53116.26-0.54EXC ahead
2026-01-23103.34114.98-0.57EXC ahead
2026-01-22103.59116.39-1.03EXC ahead
2026-01-21105.05117.43-0.80EXC ahead
2026-01-20105.21117.30-0.68EXC ahead
2026-01-16104.92116.73-0.59EXC ahead
2026-01-15104.64115.21-0.13near the usual relationship
2026-01-14104.44113.78+0.35near the usual relationship
2026-01-13103.31113.05+0.13near the usual relationship
2026-01-12102.71111.95+0.30near the usual relationship
2026-01-09102.79113.00-0.08near the usual relationship
2026-01-08103.25113.39-0.05near the usual relationship
2026-01-07102.25112.19-0.01near the usual relationship
2026-01-06103.62114.41-0.29near the usual relationship
2026-01-05102.80113.62-0.35near the usual relationship
2026-01-02103.35114.61-0.49near the usual relationship
2025-12-31103.15113.75-0.27near the usual relationship
2025-12-30103.56114.61-0.42near the usual relationship
2025-12-29103.42113.86-0.21near the usual relationship
2025-12-26103.12113.67-0.27near the usual relationship
2025-12-24103.39113.57-0.15near the usual relationship
2025-12-23102.78113.41-0.33near the usual relationship
2025-12-22102.35113.65-0.57EXC ahead
2025-12-19101.70113.94-0.91EXC ahead
2025-12-18103.45115.55-0.80EXC ahead
2025-12-17103.34115.40-0.79EXC ahead
2025-12-16101.72114.20-0.98EXC ahead
2025-12-15102.73114.48-0.72EXC ahead
2025-12-12101.47113.70-0.91EXC ahead
2025-12-11100.67112.45-0.80EXC ahead
2025-12-10100.33112.94-1.06EXC ahead
2025-12-09101.42114.20-1.07EXC ahead
2025-12-08101.40113.07-0.76EXC ahead
2025-12-05102.54114.33-0.76EXC ahead
2025-12-04103.82114.59-0.45near the usual relationship
2025-12-03104.39116.23-0.72EXC ahead
2025-12-02105.33117.43-0.76EXC ahead
2025-12-01106.27119.23-0.96EXC ahead
2025-11-28109.07122.96-1.10EXC ahead
2025-11-26108.62121.53-0.89EXC ahead
2025-11-25107.30119.47-0.75EXC ahead
2025-11-24107.45120.64-1.00EXC ahead
2025-11-21108.07119.39-0.54EXC ahead
2025-11-20107.84118.50-0.39near the usual relationship
2025-11-19107.57118.89-0.56EXC ahead
2025-11-18108.95121.03-0.71EXC ahead
2025-11-17110.16121.61-0.54EXC ahead
2025-11-14107.99119.89-0.71EXC ahead
2025-11-13108.77118.61-0.21near the usual relationship
2025-11-12109.04119.86-0.44near the usual relationship
2025-11-11108.84118.58-0.21near the usual relationship
2025-11-10108.18118.63-0.39near the usual relationship
2025-11-07108.83120.59-0.68EXC ahead
2025-11-06109.13119.28-0.32near the usual relationship
2025-11-05108.92120.43-0.63EXC ahead
2025-11-04108.98121.03-0.75EXC ahead
2025-11-03108.84120.56-0.69EXC ahead
2025-10-31109.39120.35-0.52EXC ahead
2025-10-30110.19122.83-0.87EXC ahead
2025-10-29109.38123.17-1.14EXC ahead
2025-10-28110.58124.48-1.14EXC ahead
2025-10-27112.20125.44-0.97EXC ahead
2025-10-24112.09125.35-0.98EXC ahead
2025-10-23112.00124.22-0.77EXC ahead
2025-10-22113.55125.55-0.70EXC ahead
2025-10-21112.94125.26-0.79EXC ahead
2025-10-20113.47125.89-0.80EXC ahead
2025-10-17113.11124.69-0.64EXC ahead
2025-10-16112.12123.59-0.65EXC ahead
2025-10-15113.24124.82-0.65EXC ahead
2025-10-14112.49123.64-0.59EXC ahead
2025-10-13110.97122.26-0.65EXC ahead
2025-10-10111.78122.83-0.59EXC ahead
2025-10-09109.75121.76-0.84EXC ahead
2025-10-08110.21121.66-0.72EXC ahead
2025-10-07110.50122.10-0.75EXC ahead
2025-10-06109.46119.23-0.39near the usual relationship
2025-10-03108.72118.32-0.37near the usual relationship
2025-10-02106.99117.35-0.57EXC ahead
2025-10-01107.71117.59-0.46near the usual relationship
2025-09-30108.91117.46-0.16near the usual relationship
2025-09-29108.07115.53+0.06near the usual relationship
2025-09-26108.26115.06+0.20near the usual relationship
2025-09-25107.65114.25+0.23near the usual relationship
2025-09-24108.81115.42+0.24near the usual relationship
2025-09-23108.33115.42+0.12near the usual relationship
2025-09-22107.00113.26+0.28near the usual relationship
2025-09-19106.56113.28+0.17near the usual relationship
2025-09-18105.95112.50+0.19near the usual relationship
2025-09-17106.57112.81+0.26near the usual relationship
2025-09-16105.83111.51+0.37near the usual relationship
2025-09-15107.69113.34+0.39near the usual relationship
2025-09-12107.32113.20+0.33near the usual relationship
2025-09-11107.46113.52+0.29near the usual relationship
2025-09-10106.79113.05+0.23near the usual relationship
2025-09-09105.94112.45+0.15near the usual relationship
2025-09-08105.76112.27+0.14near the usual relationship
2025-09-05106.14113.34+0.00near the usual relationship
2025-09-04106.37113.10+0.09near the usual relationship
2025-09-03106.93113.20+0.18near the usual relationship
2025-09-02107.27113.18+0.25near the usual relationship
2025-08-29107.80113.99+0.20near the usual relationship
2025-08-28107.69114.20+0.13near the usual relationship
2025-08-27108.84115.84+0.04near the usual relationship
2025-08-26108.49115.92-0.05near the usual relationship
2025-08-25108.34116.39-0.18near the usual relationship
2025-08-22109.43117.33-0.14near the usual relationship
2025-08-21109.25116.49-0.03near the usual relationship
2025-08-20109.55117.12-0.09near the usual relationship
2025-08-19108.93116.75-0.15near the usual relationship
2025-08-18106.89114.82-0.21near the usual relationship
2025-08-15107.76116.34-0.32near the usual relationship
2025-08-14109.35116.52-0.05near the usual relationship
2025-08-13110.63118.03-0.09near the usual relationship
2025-08-12109.54116.41-0.01near the usual relationship
2025-08-11110.50116.68+0.12near the usual relationship
2025-08-08110.29118.27-0.21near the usual relationship
2025-08-07110.82118.84-0.21near the usual relationship
2025-08-06110.19117.59-0.12near the usual relationship
2025-08-05109.13116.62-0.15near the usual relationship
2025-08-04109.28117.88-0.35near the usual relationship
2025-08-01108.17116.57-0.33near the usual relationship
2025-07-31107.05117.28-0.68EXC ahead
2025-07-30106.03115.50-0.57EXC ahead
2025-07-29105.16115.61-0.76EXC ahead
2025-07-28103.49113.28-0.68EXC ahead
2025-07-25105.54114.80-0.55EXC ahead
2025-07-24105.39114.13-0.47near the usual relationship
2025-07-23105.17113.49-0.40near the usual relationship
2025-07-22106.25116.00-0.65EXC ahead
2025-07-21105.46114.12-0.47near the usual relationship
2025-07-18104.22113.26-0.56EXC ahead
2025-07-17103.37112.08-0.52EXC ahead
2025-07-16103.66111.82-0.43near the usual relationship
2025-07-15103.05112.08-0.60EXC ahead
2025-07-14103.78113.34-0.68EXC ahead
2025-07-11103.37113.54-0.81EXC ahead
2025-07-10104.00113.86-0.75EXC ahead
2025-07-09103.12112.58-0.70EXC ahead
2025-07-08102.36112.21-0.79EXC ahead
2025-07-07103.22112.66-0.70EXC ahead
2025-07-03103.24112.55-0.68EXC ahead
2025-07-02103.02112.00-0.63EXC ahead
2025-07-01104.61113.28-0.56EXC ahead
2025-06-30103.85113.31-0.72EXC ahead
2025-06-27102.90111.98-0.67EXC ahead
2025-06-26102.31110.93-0.60EXC ahead
2025-06-25102.04110.36-0.55EXC ahead
2025-06-24102.92112.47-0.76EXC ahead
2025-06-23102.94112.73-0.81EXC ahead
2025-06-20101.56111.17-0.81EXC ahead
2025-06-18100.84110.57-0.85EXC ahead
2025-06-17101.02110.62-0.83EXC ahead
2025-06-16101.56111.38-0.86EXC ahead
2025-06-13102.84112.87-0.88EXC ahead
2025-06-12103.21113.88-1.00EXC ahead
2025-06-11102.39111.90-0.81EXC ahead
2025-06-10102.38112.00-0.84EXC ahead
2025-06-09101.62110.13-0.64EXC ahead
2025-06-06101.41111.22-0.89EXC ahead
2025-06-05101.86111.85-0.92EXC ahead
2025-06-04102.07111.56-0.83EXC ahead
2025-06-03102.73113.41-1.04EXC ahead
2025-06-02103.17114.27-1.11EXC ahead
2025-05-30103.60114.35-1.04EXC ahead
2025-05-29101.60114.04-1.40EXC ahead
2025-05-28100.72112.94-1.38EXC ahead
2025-05-27102.42114.59-1.34EXC ahead
2025-05-23102.52113.96-1.21EXC ahead
2025-05-22101.71113.31-1.26EXC ahead
2025-05-21102.47115.32-1.47EXC ahead
2025-05-20103.24115.50-1.35EXC ahead
2025-05-19102.96115.84-1.47EXC ahead
2025-05-16102.31115.06-1.47EXC ahead
2025-05-15102.03113.34-1.21EXC ahead
2025-05-1498.97110.26-1.28EXC ahead
2025-05-1399.51112.13-1.52EXC ahead
2025-05-12101.95113.80-1.33EXC ahead
2025-05-09105.90117.98-1.29EXC ahead
2025-05-08105.61117.69-1.30EXC ahead
2025-05-07107.89120.93-1.42EXC ahead
2025-05-06108.19120.80-1.34EXC ahead
2025-05-05106.27120.04-1.58EXC ahead
2025-05-02107.00121.29-1.66EXC ahead
2025-05-01106.78121.61-1.76EXC ahead
2025-04-30107.38122.39-1.77EXC ahead
2025-04-29107.10122.26-1.81EXC ahead
2025-04-28106.20121.29-1.83EXC ahead
2025-04-25105.47120.62-1.86EXC ahead
2025-04-24106.22120.90-1.76EXC ahead
2025-04-23106.86122.13-1.85EXC ahead
2025-04-22107.83123.62-1.92EXC ahead
2025-04-21105.76120.64-1.81EXC ahead
2025-04-17107.19123.33-2.00EXC ahead
2025-04-16105.91121.37-1.91EXC ahead
2025-04-15106.04121.97-1.99EXC ahead
2025-04-14106.13122.29-2.03EXC ahead
2025-04-11104.67120.04-1.93EXC ahead
2025-04-10102.82117.75-1.90EXC ahead
2025-04-09102.36115.61-1.59EXC ahead
2025-04-08102.04116.10-1.74EXC ahead
2025-04-07102.84116.62-1.67EXC ahead
2025-04-04104.66118.35-1.60EXC ahead
2025-04-03109.17123.25-1.56EXC ahead
2025-04-02105.95119.96-1.62EXC ahead
2025-04-01106.55119.83-1.47EXC ahead
2025-03-31107.34120.25-1.38EXC ahead
2025-03-28105.09116.68-1.19EXC ahead
2025-03-27103.54115.47-1.27EXC ahead
2025-03-26103.06114.87-1.25EXC ahead
2025-03-25102.16111.59-0.83EXC ahead
2025-03-24103.98113.73-0.85EXC ahead
2025-03-21104.81114.30-0.78EXC ahead
2025-03-20105.75116.36-0.95EXC ahead
2025-03-19105.00115.97-1.02EXC ahead
2025-03-18106.27115.92-0.76EXC ahead
2025-03-17106.32115.84-0.73EXC ahead
2025-03-14105.71115.32-0.75EXC ahead
2025-03-13104.03113.44-0.73EXC ahead
2025-03-12102.65111.20-0.59EXC ahead
2025-03-11103.58113.26-0.77EXC ahead
2025-03-10104.29114.20-0.79EXC ahead
2025-03-07102.74112.50-0.78EXC ahead
2025-03-06101.06111.90-0.98EXC ahead
2025-03-05101.41113.15-1.12EXC ahead
2025-03-04102.45113.99-1.06EXC ahead
2025-03-03104.44116.26-1.06EXC ahead
2025-02-28103.40115.34-1.09EXC ahead
2025-02-27101.99114.27-1.16EXC ahead
2025-02-26102.36114.98-1.20EXC ahead
2025-02-25103.22114.93-1.03EXC ahead
2025-02-24102.02113.13-0.95EXC ahead
2025-02-21101.69113.23-1.03EXC ahead
2025-02-2099.59112.66-1.32EXC ahead
2025-02-1998.38111.30-1.32EXC ahead
2025-02-1897.59111.43-1.50EXC ahead
2025-02-1498.21111.82-1.45EXC ahead
2025-02-13100.28112.13-1.12EXC ahead
2025-02-12102.41111.93-0.69EXC ahead
2025-02-11102.69110.54-0.41near the usual relationship
2025-02-10101.73109.08-0.34near the usual relationship
2025-02-07101.20107.80-0.22near the usual relationship
2025-02-06100.78107.31-0.21near the usual relationship
2025-02-05100.20107.10-0.28near the usual relationship
2025-02-0498.94105.79-0.29near the usual relationship
2025-02-0399.62105.87-0.18near the usual relationship
2025-01-3198.56104.38-0.11near the usual relationship
2025-01-3098.79104.44-0.07near the usual relationship
2025-01-2997.35103.26-0.14near the usual relationship
2025-01-2897.96103.89-0.13near the usual relationship
2025-01-2799.11106.21-0.32near the usual relationship
2025-01-2496.68102.77-0.17near the usual relationship
2025-01-2396.22102.40-0.19near the usual relationship
2025-01-2295.77102.35-0.27near the usual relationship
2025-01-2197.48105.53-0.51EXC ahead
2025-01-1796.15102.87-0.29near the usual relationship
2025-01-1695.98102.66-0.28near the usual relationship
2025-01-1593.6899.22-0.10near the usual relationship
2025-01-1494.0398.96+0.02near the usual relationship
2025-01-1393.4198.02+0.08near the usual relationship
2025-01-1093.1797.34+0.16near the usual relationship
2025-01-0895.2599.66+0.14near the usual relationship
2025-01-0794.0097.94+0.22near the usual relationship
2025-01-0693.6198.64+0.01near the usual relationship
2025-01-0394.8599.30+0.14near the usual relationship
2025-01-0294.8998.28+0.34near the usual relationship
2024-12-3194.8298.23+0.34near the usual relationship
2024-12-3094.7998.20+0.34near the usual relationship
2024-12-2795.3497.68+0.55DUK ahead
2024-12-2695.3297.73+0.54DUK ahead
2024-12-2495.9097.91+0.62DUK ahead
2024-12-2395.5497.42+0.65DUK ahead
2024-12-2095.2996.61+0.76DUK ahead
2024-12-1994.2497.05+0.47near the usual relationship
2024-12-1893.0795.41+0.56DUK ahead
2024-12-1794.9595.30+0.95DUK ahead
2024-12-1694.5594.52+1.04DUK ahead
2024-12-1395.7796.22+0.95DUK ahead
2024-12-1296.0796.11+1.02DUK ahead
2024-12-1196.4495.93+1.13DUK ahead
2024-12-1097.7897.39+1.11DUK ahead
2024-12-0998.4497.70+1.17DUK ahead
2024-12-0698.6598.77+1.02DUK ahead
2024-12-05100.3399.11+1.26DUK ahead
2024-12-0499.6998.77+1.21DUK ahead
2024-12-03100.0199.53+1.14DUK ahead
2024-12-02101.36100.13+1.26DUK ahead
2024-11-29103.01103.24+1.03DUK ahead
2024-11-27103.34103.11+1.10DUK ahead
2024-11-26103.00103.05+1.06DUK ahead
2024-11-25101.21102.11+0.93DUK ahead
2024-11-22100.94101.02+1.06DUK ahead
2024-11-21101.08102.58+0.85DUK ahead
2024-11-20100.10101.07+0.92DUK ahead
2024-11-1999.96102.04+0.77DUK ahead
2024-11-1899.92102.37+0.71DUK ahead
2024-11-1598.72102.06+0.59DUK ahead
2024-11-1497.4099.48+0.77DUK ahead
2024-11-1397.9699.53+0.84DUK ahead
2024-11-1298.4699.58+0.91DUK ahead
2024-11-1198.97100.21+0.89DUK ahead
2024-11-0899.6599.45+1.09DUK ahead
2024-11-0797.7699.40+0.85DUK ahead
2024-11-06100.00100.00+1.07DUK ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Feb 12, 2026 (DUK +0.7%, EXC +7.0%); Apr 30, 2026 (DUK +2.4%, EXC -2.2%).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

LegsSignalEnteredStatusExitNet
Long EXC · Short DUKOct 19, 2026 (2.01 sd)Oct 20, 2026open--$109.64 if closed now

Historical simulation (a diagnostic, same rules)

2 simulated trades to Nov 3, 2026: -6.19% per trade on average after costs, 0 won. One simulated trade is still open (entered Sep 24, 2026).

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long DUK · Short EXCMar 8, 2023Jul 11, 2023divergence stop125-$411.33-$60.67-$448.88 (-4.49%)
Long DUK · Short EXCOct 1, 2021Nov 4, 2021divergence stop34-$729.88-$50.20-$789.98 (-7.90%)

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

The companies

DUK and EXC at a glance

DUK Duke Energy Corporation (Holding Company)

Listing
NYSE · SEC CIK 1326160
Industry
Power Generation · SIC 4931 Electric & Other Services Combined
Market value
$98.6B
Price history
2,534 daily closes, Oct 12, 2016 to Nov 10, 2026

EXC Exelon Corporation

Listing
Nasdaq · SEC CIK 1109357
Industry
Power Generation · SIC 4931 Electric & Other Services Combined
Market value
$47.1B
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
XEL / EXCMeasured twinXEL by 1.02 sdPower Generation
DUK / XELMeasured twinDUK by 0.85 sdPower Generation

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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.