Elevance Health Inc. vs UnitedHealth Group Incorporated Common Stock (DE)
Measured twinELV / UNHPrices through Nov 10, 2026
Why these are rivals: #1 and #2 by market value ($363B vs $89B) in Nasdaq's "Medical Specialities" industry; SEC SIC 6324 / 6324 (same major group); #1 and #2 by market value ($363B vs $89B) with SEC SIC 6324 (Hospital & Medical Service Plans).
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 = 0.41 (needs |z| >= 2.0)
Business leadership
UNH is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | ELV | UNH | Larger |
|---|---|---|---|
| 2025 | $199.1B | $447.6B | UNH |
| 2024 | $177.0B | $400.3B | UNH |
| 2023 | $171.3B | $371.6B | UNH |
| 2022 | $156.6B | $324.2B | UNH |
| 2021 | $138.6B | $287.6B | UNH |
| 2020 | $121.9B | $257.1B | UNH |
UNH led in every year with figures for both. Market value: ELV $89.4B, UNH $363.0B.
Stock leadership
ELV is ahead now
Measured against the pair's own last 252 trading days.
ELV leads UNH by 0.41 standard deviations: +2.7% over its usual price ratio. 2 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| ELV | +7.6% | +9.2% | +35.2% |
| UNH | -0.1% | +2.2% | +25.0% |
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: 0.66 (needs >= 0.60)
- Pass
- Mean reversion: ADF t-statistic of the spread: -2.90 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 17.02 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
ELV Elevance Health Inc. UNH UnitedHealth Group Incorporated Common Stock (DE)Price 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: ELV relative to UNH, against the 252 sessions before each day. Above 0: ELV ahead; below 0: UNH ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | ELV index | UNH index | z | Ahead |
|---|---|---|---|---|
| 2026-11-10 | 100.17 | 67.89 | +0.41 | near the usual relationship |
| 2026-11-09 | 97.51 | 66.64 | +0.29 | near the usual relationship |
| 2026-11-06 | 99.23 | 66.06 | +0.69 | ELV ahead |
| 2026-11-05 | 100.72 | 66.32 | +0.86 | ELV ahead |
| 2026-11-04 | 101.22 | 68.61 | +0.43 | near the usual relationship |
| 2026-11-03 | 96.46 | 67.78 | -0.10 | near the usual relationship |
| 2026-11-02 | 96.43 | 67.11 | +0.05 | near the usual relationship |
| 2026-10-30 | 97.93 | 68.20 | +0.04 | near the usual relationship |
| 2026-10-29 | 98.39 | 68.86 | -0.03 | near the usual relationship |
| 2026-10-28 | 96.61 | 68.23 | -0.15 | near the usual relationship |
| 2026-10-27 | 98.27 | 68.78 | -0.02 | near the usual relationship |
| 2026-10-26 | 100.56 | 68.83 | +0.31 | near the usual relationship |
| 2026-10-23 | 102.57 | 70.07 | +0.35 | near the usual relationship |
| 2026-10-22 | 103.81 | 71.22 | +0.29 | near the usual relationship |
| 2026-10-21 | 101.21 | 69.89 | +0.20 | near the usual relationship |
| 2026-10-20 | 102.62 | 70.26 | +0.33 | near the usual relationship |
| 2026-10-19 | 100.30 | 68.19 | +0.43 | near the usual relationship |
| 2026-10-16 | 99.84 | 67.28 | +0.57 | ELV ahead |
| 2026-10-15 | 99.88 | 68.15 | +0.39 | near the usual relationship |
| 2026-10-14 | 99.80 | 66.30 | +0.78 | ELV ahead |
| 2026-10-13 | 99.15 | 63.31 | +1.37 | ELV ahead |
| 2026-10-12 | 98.41 | 63.44 | +1.24 | ELV ahead |
| 2026-10-09 | 96.22 | 63.57 | +0.89 | ELV ahead |
| 2026-10-08 | 93.47 | 62.17 | +0.80 | ELV ahead |
| 2026-10-07 | 94.26 | 63.01 | +0.73 | ELV ahead |
| 2026-10-06 | 93.28 | 63.07 | +0.57 | ELV ahead |
| 2026-10-05 | 91.98 | 63.45 | +0.28 | near the usual relationship |
| 2026-10-02 | 90.09 | 62.33 | +0.24 | near the usual relationship |
| 2026-10-01 | 88.98 | 61.20 | +0.33 | near the usual relationship |
| 2026-09-30 | 90.65 | 61.52 | +0.53 | ELV ahead |
| 2026-09-29 | 91.56 | 62.84 | +0.38 | near the usual relationship |
| 2026-09-28 | 91.99 | 63.32 | +0.34 | near the usual relationship |
| 2026-09-25 | 92.34 | 63.11 | +0.45 | near the usual relationship |
| 2026-09-24 | 92.85 | 62.85 | +0.59 | ELV ahead |
| 2026-09-23 | 92.92 | 62.22 | +0.75 | ELV ahead |
| 2026-09-22 | 93.82 | 62.50 | +0.83 | ELV ahead |
| 2026-09-21 | 95.43 | 63.28 | +0.91 | ELV ahead |
| 2026-09-18 | 95.81 | 63.17 | +0.99 | ELV ahead |
| 2026-09-17 | 96.58 | 62.88 | +1.18 | ELV ahead |
| 2026-09-16 | 96.18 | 62.89 | +1.13 | ELV ahead |
| 2026-09-15 | 97.34 | 63.00 | +1.28 | ELV ahead |
| 2026-09-14 | 98.91 | 64.28 | +1.23 | ELV ahead |
| 2026-09-11 | 97.62 | 63.53 | +1.21 | ELV ahead |
| 2026-09-10 | 97.11 | 65.07 | +0.82 | ELV ahead |
| 2026-09-09 | 92.53 | 65.87 | -0.02 | near the usual relationship |
| 2026-09-08 | 93.71 | 67.18 | -0.11 | near the usual relationship |
| 2026-09-04 | 95.00 | 66.56 | +0.21 | near the usual relationship |
| 2026-09-03 | 96.70 | 67.19 | +0.32 | near the usual relationship |
| 2026-09-02 | 94.62 | 66.98 | +0.06 | near the usual relationship |
| 2026-09-01 | 93.96 | 66.42 | +0.08 | near the usual relationship |
| 2026-08-31 | 91.52 | 65.26 | -0.04 | near the usual relationship |
| 2026-08-28 | 91.96 | 65.85 | -0.10 | near the usual relationship |
| 2026-08-27 | 93.05 | 66.21 | -0.01 | near the usual relationship |
| 2026-08-26 | 93.85 | 67.21 | -0.10 | near the usual relationship |
| 2026-08-25 | 92.99 | 66.46 | -0.08 | near the usual relationship |
| 2026-08-24 | 93.87 | 66.83 | -0.02 | near the usual relationship |
| 2026-08-21 | 93.38 | 65.38 | +0.21 | near the usual relationship |
| 2026-08-20 | 92.39 | 64.50 | +0.25 | near the usual relationship |
| 2026-08-19 | 92.89 | 65.13 | +0.19 | near the usual relationship |
| 2026-08-18 | 92.85 | 66.02 | -0.01 | near the usual relationship |
| 2026-08-17 | 90.98 | 66.30 | -0.35 | near the usual relationship |
| 2026-08-14 | 93.33 | 67.33 | -0.21 | near the usual relationship |
| 2026-08-13 | 92.84 | 66.88 | -0.20 | near the usual relationship |
| 2026-08-12 | 93.05 | 67.97 | -0.40 | near the usual relationship |
| 2026-08-11 | 91.01 | 67.40 | -0.59 | UNH ahead |
| 2026-08-10 | 92.72 | 68.50 | -0.56 | UNH ahead |
| 2026-08-07 | 91.90 | 68.22 | -0.63 | UNH ahead |
| 2026-08-06 | 91.25 | 67.70 | -0.63 | UNH ahead |
| 2026-08-05 | 91.21 | 69.17 | -0.93 | UNH ahead |
| 2026-08-04 | 88.13 | 68.30 | -1.23 | UNH ahead |
| 2026-08-03 | 89.24 | 69.61 | -1.33 | UNH ahead |
| 2026-07-31 | 87.62 | 69.45 | -1.55 | UNH ahead |
| 2026-07-30 | 87.75 | 70.63 | -1.78 | UNH ahead |
| 2026-07-29 | 87.66 | 70.48 | -1.78 | UNH ahead |
| 2026-07-28 | 89.93 | 71.86 | -1.72 | UNH ahead |
| 2026-07-27 | 88.21 | 69.99 | -1.63 | UNH ahead |
| 2026-07-24 | 88.05 | 70.51 | -1.78 | UNH ahead |
| 2026-07-23 | 88.43 | 70.98 | -1.83 | UNH ahead |
| 2026-07-22 | 90.71 | 72.28 | -1.74 | UNH ahead |
| 2026-07-21 | 91.73 | 73.13 | -1.76 | UNH ahead |
| 2026-07-20 | 89.11 | 70.65 | -1.70 | UNH ahead |
| 2026-07-17 | 86.99 | 71.41 | -2.21 | UNH ahead |
| 2026-07-16 | 86.93 | 70.95 | -2.15 | UNH ahead |
| 2026-07-15 | 91.00 | 70.14 | -1.35 | UNH ahead |
| 2026-07-14 | 99.50 | 71.26 | -0.32 | near the usual relationship |
| 2026-07-13 | 99.12 | 71.91 | -0.51 | UNH ahead |
| 2026-07-10 | 97.04 | 71.16 | -0.67 | UNH ahead |
| 2026-07-09 | 98.01 | 72.35 | -0.77 | UNH ahead |
| 2026-07-08 | 97.00 | 71.33 | -0.72 | UNH ahead |
| 2026-07-07 | 97.65 | 71.76 | -0.72 | UNH ahead |
| 2026-07-06 | 95.16 | 70.05 | -0.75 | UNH ahead |
| 2026-07-02 | 97.43 | 71.29 | -0.67 | UNH ahead |
| 2026-07-01 | 97.03 | 71.48 | -0.77 | UNH ahead |
| 2026-06-30 | 90.16 | 69.66 | -1.41 | UNH ahead |
| 2026-06-29 | 90.46 | 70.36 | -1.51 | UNH ahead |
| 2026-06-26 | 92.13 | 71.71 | -1.52 | UNH ahead |
| 2026-06-25 | 90.30 | 69.64 | -1.41 | UNH ahead |
| 2026-06-24 | 89.53 | 68.01 | -1.21 | UNH ahead |
| 2026-06-23 | 92.11 | 68.59 | -0.96 | UNH ahead |
| 2026-06-22 | 92.05 | 68.16 | -0.89 | UNH ahead |
| 2026-06-18 | 90.57 | 67.20 | -0.92 | UNH ahead |
| 2026-06-17 | 91.22 | 66.96 | -0.79 | UNH ahead |
| 2026-06-16 | 92.74 | 68.32 | -0.84 | UNH ahead |
| 2026-06-15 | 93.70 | 68.89 | -0.82 | UNH ahead |
| 2026-06-12 | 94.20 | 68.46 | -0.68 | UNH ahead |
| 2026-06-11 | 93.06 | 67.97 | -0.75 | UNH ahead |
| 2026-06-10 | 94.32 | 68.29 | -0.65 | UNH ahead |
| 2026-06-09 | 98.95 | 69.22 | -0.24 | near the usual relationship |
| 2026-06-08 | 97.49 | 68.14 | -0.24 | near the usual relationship |
| 2026-06-05 | 96.88 | 66.95 | -0.11 | near the usual relationship |
| 2026-06-04 | 95.46 | 66.44 | -0.20 | near the usual relationship |
| 2026-06-03 | 91.22 | 63.18 | -0.15 | near the usual relationship |
| 2026-06-02 | 90.70 | 63.34 | -0.25 | near the usual relationship |
| 2026-06-01 | 93.88 | 63.66 | +0.07 | near the usual relationship |
| 2026-05-29 | 91.67 | 63.74 | -0.22 | near the usual relationship |
| 2026-05-28 | 91.57 | 64.11 | -0.30 | near the usual relationship |
| 2026-05-27 | 91.27 | 64.36 | -0.39 | near the usual relationship |
| 2026-05-26 | 90.42 | 63.16 | -0.29 | near the usual relationship |
| 2026-05-22 | 92.02 | 65.10 | -0.44 | near the usual relationship |
| 2026-05-21 | 90.88 | 64.10 | -0.41 | near the usual relationship |
| 2026-05-20 | 92.37 | 64.24 | -0.27 | near the usual relationship |
| 2026-05-19 | 93.78 | 65.23 | -0.28 | near the usual relationship |
| 2026-05-18 | 91.87 | 65.55 | -0.55 | UNH ahead |
| 2026-05-15 | 91.55 | 66.01 | -0.66 | UNH ahead |
| 2026-05-14 | 92.49 | 66.88 | -0.70 | UNH ahead |
| 2026-05-13 | 93.17 | 67.23 | -0.68 | UNH ahead |
| 2026-05-12 | 91.69 | 66.43 | -0.72 | UNH ahead |
| 2026-05-11 | 89.00 | 64.43 | -0.72 | UNH ahead |
| 2026-05-08 | 88.14 | 63.68 | -0.70 | UNH ahead |
| 2026-05-07 | 86.94 | 61.97 | -0.57 | UNH ahead |
| 2026-05-06 | 87.36 | 61.55 | -0.45 | near the usual relationship |
| 2026-05-05 | 86.04 | 60.98 | -0.51 | UNH ahead |
| 2026-05-04 | 86.70 | 62.13 | -0.62 | UNH ahead |
| 2026-05-01 | 86.89 | 61.80 | -0.55 | UNH ahead |
| 2026-04-30 | 87.76 | 62.09 | -0.49 | near the usual relationship |
| 2026-04-29 | 87.81 | 62.13 | -0.49 | near the usual relationship |
| 2026-04-28 | 84.57 | 61.47 | -0.77 | UNH ahead |
| 2026-04-27 | 83.03 | 59.44 | -0.61 | UNH ahead |
| 2026-04-24 | 80.38 | 59.48 | -0.96 | UNH ahead |
| 2026-04-23 | 80.73 | 59.42 | -0.90 | UNH ahead |
| 2026-04-22 | 76.52 | 59.25 | -1.43 | UNH ahead |
| 2026-04-21 | 76.49 | 57.99 | -1.21 | UNH ahead |
| 2026-04-20 | 74.46 | 54.21 | -0.76 | UNH ahead |
| 2026-04-17 | 75.32 | 54.41 | -0.65 | UNH ahead |
| 2026-04-16 | 73.63 | 53.03 | -0.60 | UNH ahead |
| 2026-04-15 | 72.55 | 52.63 | -0.64 | UNH ahead |
| 2026-04-14 | 73.05 | 52.66 | -0.56 | UNH ahead |
| 2026-04-13 | 73.69 | 52.46 | -0.42 | near the usual relationship |
| 2026-04-10 | 72.63 | 51.00 | -0.29 | near the usual relationship |
| 2026-04-09 | 73.87 | 51.44 | -0.20 | near the usual relationship |
| 2026-04-08 | 74.19 | 51.28 | -0.13 | near the usual relationship |
| 2026-04-07 | 72.70 | 51.57 | -0.34 | near the usual relationship |
| 2026-04-06 | 70.55 | 47.15 | +0.18 | near the usual relationship |
| 2026-04-02 | 70.11 | 46.47 | +0.26 | near the usual relationship |
| 2026-04-01 | 69.59 | 45.92 | +0.30 | near the usual relationship |
| 2026-03-31 | 68.25 | 45.35 | +0.25 | near the usual relationship |
| 2026-03-30 | 66.40 | 43.87 | +0.30 | near the usual relationship |
| 2026-03-27 | 66.77 | 43.41 | +0.44 | near the usual relationship |
| 2026-03-26 | 68.60 | 44.92 | +0.39 | near the usual relationship |
| 2026-03-25 | 69.03 | 45.34 | +0.37 | near the usual relationship |
| 2026-03-24 | 67.69 | 45.63 | +0.17 | near the usual relationship |
| 2026-03-23 | 67.43 | 45.17 | +0.22 | near the usual relationship |
| 2026-03-20 | 67.96 | 46.19 | +0.11 | near the usual relationship |
| 2026-03-19 | 67.88 | 47.00 | -0.03 | near the usual relationship |
| 2026-03-18 | 68.76 | 47.65 | -0.03 | near the usual relationship |
| 2026-03-17 | 68.95 | 48.19 | -0.09 | near the usual relationship |
| 2026-03-16 | 68.09 | 47.85 | -0.13 | near the usual relationship |
| 2026-03-13 | 67.99 | 47.28 | -0.04 | near the usual relationship |
| 2026-03-12 | 67.12 | 46.43 | +0.01 | near the usual relationship |
| 2026-03-11 | 67.56 | 47.81 | -0.16 | near the usual relationship |
| 2026-03-10 | 65.90 | 47.32 | -0.27 | near the usual relationship |
| 2026-03-09 | 65.45 | 47.79 | -0.39 | near the usual relationship |
| 2026-03-06 | 67.53 | 48.01 | -0.18 | near the usual relationship |
| 2026-03-05 | 66.79 | 48.40 | -0.32 | near the usual relationship |
| 2026-03-04 | 67.95 | 48.93 | -0.26 | near the usual relationship |
| 2026-03-03 | 66.22 | 48.47 | -0.38 | near the usual relationship |
| 2026-03-02 | 68.56 | 49.43 | -0.26 | near the usual relationship |
| 2026-02-27 | 74.60 | 49.15 | +0.42 | near the usual relationship |
| 2026-02-26 | 75.32 | 48.04 | +0.67 | ELV ahead |
| 2026-02-25 | 77.05 | 47.63 | +0.91 | ELV ahead |
| 2026-02-24 | 76.27 | 45.91 | +1.11 | ELV ahead |
| 2026-02-23 | 78.30 | 47.32 | +1.09 | ELV ahead |
| 2026-02-20 | 79.95 | 48.60 | +1.05 | ELV ahead |
| 2026-02-19 | 81.17 | 48.59 | +1.17 | ELV ahead |
| 2026-02-18 | 80.72 | 48.30 | +1.17 | ELV ahead |
| 2026-02-17 | 80.38 | 48.45 | +1.13 | ELV ahead |
| 2026-02-13 | 80.85 | 49.14 | +1.07 | ELV ahead |
| 2026-02-12 | 78.34 | 47.66 | +1.07 | ELV ahead |
| 2026-02-11 | 76.99 | 46.74 | +1.09 | ELV ahead |
| 2026-02-10 | 75.92 | 45.79 | +1.14 | ELV ahead |
| 2026-02-09 | 76.35 | 46.20 | +1.12 | ELV ahead |
| 2026-02-06 | 79.03 | 46.36 | +1.34 | ELV ahead |
| 2026-02-05 | 77.46 | 45.01 | +1.41 | ELV ahead |
| 2026-02-04 | 79.41 | 46.24 | +1.41 | ELV ahead |
| 2026-02-03 | 78.95 | 47.63 | +1.17 | ELV ahead |
| 2026-02-02 | 79.69 | 47.86 | +1.21 | ELV ahead |
| 2026-01-30 | 80.61 | 48.09 | +1.26 | ELV ahead |
| 2026-01-29 | 80.89 | 48.99 | +1.17 | ELV ahead |
| 2026-01-28 | 79.70 | 49.28 | +1.04 | ELV ahead |
| 2026-01-27 | 75.29 | 47.38 | +0.93 | ELV ahead |
| 2026-01-26 | 87.88 | 58.93 | +0.52 | ELV ahead |
| 2026-01-23 | 86.51 | 59.71 | +0.34 | near the usual relationship |
| 2026-01-22 | 86.78 | 59.41 | +0.40 | near the usual relationship |
| 2026-01-21 | 86.23 | 58.28 | +0.48 | near the usual relationship |
| 2026-01-20 | 85.58 | 56.72 | +0.62 | ELV ahead |
| 2026-01-16 | 87.40 | 55.48 | +0.90 | ELV ahead |
| 2026-01-15 | 89.04 | 56.81 | +0.87 | ELV ahead |
| 2026-01-14 | 86.92 | 56.14 | +0.80 | ELV ahead |
| 2026-01-13 | 86.42 | 55.96 | +0.79 | ELV ahead |
| 2026-01-12 | 87.42 | 57.07 | +0.75 | ELV ahead |
| 2026-01-09 | 86.92 | 57.65 | +0.65 | ELV ahead |
| 2026-01-08 | 87.37 | 58.13 | +0.64 | ELV ahead |
| 2026-01-07 | 85.49 | 57.27 | +0.60 | ELV ahead |
| 2026-01-06 | 86.58 | 58.48 | +0.56 | ELV ahead |
| 2026-01-05 | 84.75 | 57.32 | +0.56 | ELV ahead |
| 2026-01-02 | 82.59 | 56.38 | +0.51 | ELV ahead |
| 2025-12-31 | 81.73 | 55.32 | +0.56 | ELV ahead |
| 2025-12-30 | 81.32 | 55.67 | +0.50 | ELV ahead |
| 2025-12-29 | 81.22 | 55.13 | +0.56 | ELV ahead |
| 2025-12-26 | 81.57 | 55.61 | +0.54 | ELV ahead |
| 2025-12-24 | 80.04 | 54.90 | +0.51 | ELV ahead |
| 2025-12-23 | 80.02 | 54.43 | +0.57 | ELV ahead |
| 2025-12-22 | 80.26 | 54.49 | +0.58 | ELV ahead |
| 2025-12-19 | 79.43 | 54.87 | +0.49 | near the usual relationship |
| 2025-12-18 | 80.34 | 54.99 | +0.55 | ELV ahead |
| 2025-12-17 | 80.66 | 55.58 | +0.51 | ELV ahead |
| 2025-12-16 | 82.04 | 56.01 | +0.57 | ELV ahead |
| 2025-12-15 | 84.09 | 57.17 | +0.60 | ELV ahead |
| 2025-12-12 | 83.71 | 57.29 | +0.57 | ELV ahead |
| 2025-12-11 | 83.98 | 56.43 | +0.68 | ELV ahead |
| 2025-12-10 | 79.51 | 55.03 | +0.52 | ELV ahead |
| 2025-12-09 | 76.89 | 54.23 | +0.42 | near the usual relationship |
| 2025-12-08 | 77.08 | 54.24 | +0.44 | near the usual relationship |
| 2025-12-05 | 77.11 | 55.46 | +0.33 | near the usual relationship |
| 2025-12-04 | 77.75 | 55.89 | +0.34 | near the usual relationship |
| 2025-12-03 | 77.11 | 56.93 | +0.20 | near the usual relationship |
| 2025-12-02 | 77.15 | 54.39 | +0.45 | near the usual relationship |
| 2025-12-01 | 76.86 | 54.17 | +0.46 | near the usual relationship |
| 2025-11-28 | 78.86 | 55.27 | +0.50 | ELV ahead |
| 2025-11-26 | 78.92 | 55.26 | +0.51 | ELV ahead |
| 2025-11-25 | 78.40 | 54.68 | +0.54 | ELV ahead |
| 2025-11-24 | 76.84 | 53.47 | +0.55 | ELV ahead |
| 2025-11-21 | 75.01 | 53.62 | +0.42 | near the usual relationship |
| 2025-11-20 | 73.20 | 52.21 | +0.44 | near the usual relationship |
| 2025-11-19 | 73.76 | 51.80 | +0.52 | ELV ahead |
| 2025-11-18 | 75.66 | 52.55 | +0.59 | ELV ahead |
| 2025-11-17 | 77.15 | 53.72 | +0.58 | ELV ahead |
| 2025-11-14 | 75.96 | 53.94 | +0.48 | near the usual relationship |
| 2025-11-13 | 76.53 | 55.73 | +0.36 | near the usual relationship |
| 2025-11-12 | 76.38 | 56.82 | +0.26 | near the usual relationship |
| 2025-11-11 | 73.50 | 54.88 | +0.25 | near the usual relationship |
| 2025-11-10 | 70.82 | 53.89 | +0.16 | near the usual relationship |
| 2025-11-07 | 74.09 | 54.33 | +0.35 | near the usual relationship |
| 2025-11-06 | 73.31 | 53.89 | +0.34 | near the usual relationship |
| 2025-11-05 | 74.16 | 54.93 | +0.31 | near the usual relationship |
| 2025-11-04 | 73.82 | 55.44 | +0.24 | near the usual relationship |
| 2025-11-03 | 73.02 | 55.94 | +0.15 | near the usual relationship |
| 2025-10-31 | 73.95 | 57.24 | +0.10 | near the usual relationship |
| 2025-10-30 | 75.06 | 57.78 | +0.13 | near the usual relationship |
| 2025-10-29 | 78.42 | 59.54 | +0.21 | near the usual relationship |
| 2025-10-28 | 79.13 | 61.65 | +0.08 | near the usual relationship |
| 2025-10-27 | 79.85 | 61.34 | +0.16 | near the usual relationship |
| 2025-10-24 | 79.81 | 60.75 | +0.21 | near the usual relationship |
| 2025-10-23 | 80.73 | 60.41 | +0.29 | near the usual relationship |
| 2025-10-22 | 80.48 | 60.58 | +0.27 | near the usual relationship |
| 2025-10-21 | 81.54 | 61.23 | +0.28 | near the usual relationship |
| 2025-10-20 | 82.55 | 61.08 | +0.36 | near the usual relationship |
| 2025-10-17 | 81.31 | 59.76 | +0.39 | near the usual relationship |
| 2025-10-16 | 81.17 | 59.77 | +0.39 | near the usual relationship |
| 2025-10-15 | 81.48 | 60.53 | +0.35 | near the usual relationship |
| 2025-10-14 | 81.71 | 60.32 | +0.38 | near the usual relationship |
| 2025-10-13 | 81.93 | 60.11 | +0.41 | near the usual relationship |
| 2025-10-10 | 82.35 | 59.41 | +0.50 | ELV ahead |
| 2025-10-09 | 83.49 | 61.62 | +0.39 | near the usual relationship |
| 2025-10-08 | 84.48 | 62.00 | +0.42 | near the usual relationship |
| 2025-10-07 | 83.34 | 60.95 | +0.44 | near the usual relationship |
| 2025-10-06 | 81.58 | 60.13 | +0.41 | near the usual relationship |
| 2025-10-03 | 81.71 | 60.37 | +0.40 | near the usual relationship |
| 2025-10-02 | 79.32 | 59.28 | +0.34 | near the usual relationship |
| 2025-10-01 | 77.56 | 58.37 | +0.31 | near the usual relationship |
| 2025-09-30 | 75.33 | 57.87 | +0.21 | near the usual relationship |
| 2025-09-29 | 74.53 | 57.85 | +0.16 | near the usual relationship |
| 2025-09-26 | 74.28 | 57.66 | +0.16 | near the usual relationship |
| 2025-09-25 | 73.83 | 57.91 | +0.11 | near the usual relationship |
| 2025-09-24 | 76.09 | 58.96 | +0.17 | near the usual relationship |
| 2025-09-23 | 75.47 | 58.27 | +0.19 | near the usual relationship |
| 2025-09-22 | 74.11 | 57.20 | +0.19 | near the usual relationship |
| 2025-09-19 | 73.14 | 56.43 | +0.19 | near the usual relationship |
| 2025-09-18 | 73.62 | 56.11 | +0.25 | near the usual relationship |
| 2025-09-17 | 71.92 | 57.25 | +0.04 | near the usual relationship |
| 2025-09-16 | 72.27 | 56.94 | +0.09 | near the usual relationship |
| 2025-09-15 | 71.55 | 58.30 | -0.08 | near the usual relationship |
| 2025-09-12 | 72.68 | 59.08 | -0.07 | near the usual relationship |
| 2025-09-11 | 73.41 | 59.26 | -0.04 | near the usual relationship |
| 2025-09-10 | 71.52 | 58.12 | -0.07 | near the usual relationship |
| 2025-09-09 | 73.46 | 58.31 | +0.05 | near the usual relationship |
| 2025-09-08 | 71.84 | 53.67 | +0.34 | near the usual relationship |
| 2025-09-05 | 73.12 | 52.86 | +0.51 | ELV ahead |
| 2025-09-04 | 71.82 | 52.02 | +0.50 | ELV ahead |
| 2025-09-03 | 74.97 | 51.60 | +0.75 | ELV ahead |
| 2025-09-02 | 75.15 | 51.75 | +0.75 | ELV ahead |
| 2025-08-29 | 74.29 | 51.93 | +0.68 | ELV ahead |
| 2025-08-28 | 72.37 | 50.66 | +0.68 | ELV ahead |
| 2025-08-27 | 72.23 | 50.93 | +0.64 | ELV ahead |
| 2025-08-26 | 72.28 | 50.35 | +0.71 | ELV ahead |
| 2025-08-25 | 73.21 | 51.09 | +0.70 | ELV ahead |
| 2025-08-22 | 73.80 | 51.52 | +0.70 | ELV ahead |
| 2025-08-21 | 72.18 | 50.84 | +0.66 | ELV ahead |
| 2025-08-20 | 72.27 | 50.25 | +0.72 | ELV ahead |
| 2025-08-19 | 72.74 | 50.99 | +0.69 | ELV ahead |
| 2025-08-18 | 72.11 | 51.70 | +0.58 | ELV ahead |
| 2025-08-15 | 72.17 | 50.95 | +0.66 | ELV ahead |
| 2025-08-14 | 68.88 | 45.50 | +0.99 | ELV ahead |
| 2025-08-13 | 68.64 | 45.55 | +0.97 | ELV ahead |
| 2025-08-12 | 68.19 | 43.84 | +1.13 | ELV ahead |
| 2025-08-11 | 67.79 | 42.29 | +1.29 | ELV ahead |
| 2025-08-08 | 68.54 | 42.05 | +1.39 | ELV ahead |
| 2025-08-07 | 66.09 | 41.00 | +1.34 | ELV ahead |
| 2025-08-06 | 64.42 | 41.19 | +1.20 | ELV ahead |
| 2025-08-05 | 64.44 | 42.07 | +1.10 | ELV ahead |
| 2025-08-04 | 64.10 | 40.39 | +1.28 | ELV ahead |
| 2025-08-01 | 64.03 | 39.85 | +1.36 | ELV ahead |
| 2025-07-31 | 66.00 | 41.82 | +1.27 | ELV ahead |
| 2025-07-30 | 68.44 | 44.59 | +1.14 | ELV ahead |
| 2025-07-29 | 67.31 | 43.75 | +1.16 | ELV ahead |
| 2025-07-28 | 66.67 | 47.28 | +0.71 | ELV ahead |
| 2025-07-25 | 67.40 | 47.10 | +0.79 | ELV ahead |
| 2025-07-24 | 65.38 | 46.69 | +0.68 | ELV ahead |
| 2025-07-23 | 69.15 | 49.02 | +0.72 | ELV ahead |
| 2025-07-22 | 65.68 | 47.79 | +0.59 | ELV ahead |
| 2025-07-21 | 64.45 | 47.28 | +0.55 | ELV ahead |
| 2025-07-18 | 64.60 | 47.37 | +0.55 | ELV ahead |
| 2025-07-17 | 70.51 | 48.28 | +0.91 | ELV ahead |
| 2025-07-16 | 80.33 | 49.02 | +1.51 | ELV ahead |
| 2025-07-15 | 78.38 | 48.89 | +1.40 | ELV ahead |
| 2025-07-14 | 79.28 | 50.37 | +1.31 | ELV ahead |
| 2025-07-11 | 79.42 | 50.96 | +1.26 | ELV ahead |
| 2025-07-10 | 80.63 | 50.20 | +1.42 | ELV ahead |
| 2025-07-09 | 80.75 | 50.77 | +1.37 | ELV ahead |
| 2025-07-08 | 81.47 | 51.57 | +1.34 | ELV ahead |
| 2025-07-07 | 80.87 | 50.90 | +1.37 | ELV ahead |
| 2025-07-03 | 81.09 | 51.71 | +1.30 | ELV ahead |
| 2025-07-02 | 81.66 | 51.54 | +1.36 | ELV ahead |
| 2025-07-01 | 92.27 | 54.66 | +1.70 | ELV ahead |
| 2025-06-30 | 90.68 | 52.28 | +1.85 | ELV ahead |
| 2025-06-27 | 88.94 | 51.80 | +1.81 | ELV ahead |
| 2025-06-26 | 87.00 | 50.72 | +1.81 | ELV ahead |
| 2025-06-25 | 87.16 | 50.62 | +1.84 | ELV ahead |
| 2025-06-24 | 87.76 | 51.22 | +1.82 | ELV ahead |
| 2025-06-23 | 86.83 | 50.39 | +1.86 | ELV ahead |
| 2025-06-20 | 87.31 | 50.61 | +1.88 | ELV ahead |
| 2025-06-18 | 87.64 | 51.48 | +1.82 | ELV ahead |
| 2025-06-17 | 87.47 | 51.76 | +1.79 | ELV ahead |
| 2025-06-16 | 87.78 | 51.56 | +1.84 | ELV ahead |
| 2025-06-13 | 89.65 | 52.54 | +1.86 | ELV ahead |
| 2025-06-12 | 90.04 | 53.38 | +1.81 | ELV ahead |
| 2025-06-11 | 88.81 | 52.05 | +1.88 | ELV ahead |
| 2025-06-10 | 89.51 | 50.91 | +2.06 | ELV ahead |
| 2025-06-09 | 90.83 | 50.81 | +2.17 | ELV ahead |
| 2025-06-06 | 91.71 | 50.82 | +2.25 | ELV ahead |
| 2025-06-05 | 89.68 | 49.58 | +2.28 | ELV ahead |
| 2025-06-04 | 88.61 | 50.34 | +2.14 | ELV ahead |
| 2025-06-03 | 88.35 | 50.48 | +2.13 | ELV ahead |
| 2025-06-02 | 87.90 | 51.07 | +2.05 | ELV ahead |
| 2025-05-30 | 89.49 | 50.60 | +2.22 | ELV ahead |
| 2025-05-29 | 88.72 | 49.97 | +2.27 | ELV ahead |
| 2025-05-28 | 88.11 | 49.96 | +2.25 | ELV ahead |
| 2025-05-27 | 87.66 | 49.44 | +2.31 | ELV ahead |
| 2025-05-23 | 86.79 | 49.53 | +2.26 | ELV ahead |
| 2025-05-22 | 89.64 | 49.72 | +2.46 | ELV ahead |
| 2025-05-21 | 93.28 | 50.78 | +2.60 | ELV ahead |
| 2025-05-20 | 96.17 | 53.89 | +2.45 | ELV ahead |
| 2025-05-19 | 94.14 | 52.94 | +2.46 | ELV ahead |
| 2025-05-16 | 94.02 | 48.92 | +3.00 | ELV ahead |
| 2025-05-15 | 90.92 | 45.98 | +3.24 | ELV ahead |
| 2025-05-14 | 87.26 | 51.62 | +2.25 | ELV ahead |
| 2025-05-13 | 87.52 | 52.18 | +2.21 | ELV ahead |
| 2025-05-12 | 97.15 | 63.48 | +1.62 | ELV ahead |
| 2025-05-09 | 94.32 | 63.79 | +1.39 | ELV ahead |
| 2025-05-08 | 96.14 | 64.61 | +1.43 | ELV ahead |
| 2025-05-07 | 97.32 | 65.54 | +1.42 | ELV ahead |
| 2025-05-06 | 96.51 | 66.12 | +1.30 | ELV ahead |
| 2025-05-05 | 97.06 | 67.84 | +1.17 | ELV ahead |
| 2025-05-02 | 95.58 | 67.02 | +1.14 | ELV ahead |
| 2025-05-01 | 95.19 | 67.15 | +1.10 | ELV ahead |
| 2025-04-30 | 98.05 | 68.95 | +1.12 | ELV ahead |
| 2025-04-29 | 96.44 | 68.58 | +1.04 | ELV ahead |
| 2025-04-28 | 96.48 | 70.39 | +0.87 | ELV ahead |
| 2025-04-25 | 98.31 | 70.16 | +1.01 | ELV ahead |
| 2025-04-24 | 99.97 | 71.10 | +1.02 | ELV ahead |
| 2025-04-23 | 99.52 | 71.72 | +0.94 | ELV ahead |
| 2025-04-22 | 96.96 | 71.59 | +0.78 | ELV ahead |
| 2025-04-21 | 94.82 | 71.28 | +0.66 | ELV ahead |
| 2025-04-17 | 98.97 | 76.10 | +0.51 | ELV ahead |
| 2025-04-16 | 101.42 | 98.05 | -0.95 | UNH ahead |
| 2025-04-15 | 102.06 | 97.80 | -0.90 | UNH ahead |
| 2025-04-14 | 102.85 | 98.39 | -0.90 | UNH ahead |
| 2025-04-11 | 102.54 | 100.47 | -1.06 | UNH ahead |
| 2025-04-10 | 101.73 | 99.62 | -1.06 | UNH ahead |
| 2025-04-09 | 101.57 | 96.95 | -0.91 | UNH ahead |
| 2025-04-08 | 100.46 | 92.69 | -0.70 | UNH ahead |
| 2025-04-07 | 98.65 | 87.94 | -0.49 | near the usual relationship |
| 2025-04-04 | 99.99 | 87.99 | -0.42 | near the usual relationship |
| 2025-04-03 | 105.54 | 90.57 | -0.27 | near the usual relationship |
| 2025-04-02 | 100.09 | 87.68 | -0.40 | near the usual relationship |
| 2025-04-01 | 100.87 | 87.67 | -0.36 | near the usual relationship |
| 2025-03-31 | 101.41 | 87.78 | -0.34 | near the usual relationship |
| 2025-03-28 | 100.72 | 86.48 | -0.30 | near the usual relationship |
| 2025-03-27 | 100.70 | 86.43 | -0.30 | near the usual relationship |
| 2025-03-26 | 100.37 | 86.85 | -0.35 | near the usual relationship |
| 2025-03-25 | 98.73 | 86.05 | -0.40 | near the usual relationship |
| 2025-03-24 | 99.60 | 86.56 | -0.39 | near the usual relationship |
| 2025-03-21 | 99.59 | 86.62 | -0.40 | near the usual relationship |
| 2025-03-20 | 101.25 | 85.69 | -0.24 | near the usual relationship |
| 2025-03-19 | 100.36 | 84.33 | -0.20 | near the usual relationship |
| 2025-03-18 | 101.71 | 84.43 | -0.13 | near the usual relationship |
| 2025-03-17 | 100.39 | 83.63 | -0.16 | near the usual relationship |
| 2025-03-14 | 98.14 | 81.89 | -0.17 | near the usual relationship |
| 2025-03-13 | 97.28 | 80.70 | -0.14 | near the usual relationship |
| 2025-03-12 | 95.83 | 80.63 | -0.23 | near the usual relationship |
| 2025-03-11 | 98.39 | 81.46 | -0.14 | near the usual relationship |
| 2025-03-10 | 95.48 | 80.48 | -0.25 | near the usual relationship |
| 2025-03-07 | 95.46 | 82.70 | -0.41 | near the usual relationship |
| 2025-03-06 | 93.90 | 81.74 | -0.45 | near the usual relationship |
| 2025-03-05 | 92.67 | 79.77 | -0.39 | near the usual relationship |
| 2025-03-04 | 92.62 | 79.54 | -0.38 | near the usual relationship |
| 2025-03-03 | 92.21 | 78.27 | -0.31 | near the usual relationship |
| 2025-02-28 | 92.53 | 79.60 | -0.39 | near the usual relationship |
| 2025-02-27 | 91.59 | 78.53 | -0.38 | near the usual relationship |
| 2025-02-26 | 90.02 | 77.69 | -0.42 | near the usual relationship |
| 2025-02-25 | 93.71 | 78.83 | -0.27 | near the usual relationship |
| 2025-02-24 | 89.82 | 77.35 | -0.41 | near the usual relationship |
| 2025-02-21 | 89.78 | 78.17 | -0.48 | near the usual relationship |
| 2025-02-20 | 91.04 | 84.20 | -0.84 | UNH ahead |
| 2025-02-19 | 91.32 | 85.65 | -0.93 | UNH ahead |
| 2025-02-18 | 89.17 | 83.92 | -0.96 | UNH ahead |
| 2025-02-14 | 90.75 | 87.74 | -1.13 | UNH ahead |
| 2025-02-13 | 91.30 | 89.02 | -1.19 | UNH ahead |
| 2025-02-12 | 89.91 | 88.39 | -1.24 | UNH ahead |
| 2025-02-11 | 91.21 | 89.48 | -1.24 | UNH ahead |
| 2025-02-10 | 92.36 | 89.39 | -1.17 | UNH ahead |
| 2025-02-07 | 91.25 | 88.33 | -1.18 | UNH ahead |
| 2025-02-06 | 91.03 | 88.83 | -1.24 | UNH ahead |
| 2025-02-05 | 93.76 | 90.47 | -1.18 | UNH ahead |
| 2025-02-04 | 93.72 | 91.41 | -1.26 | UNH ahead |
| 2025-02-03 | 94.44 | 91.87 | -1.25 | UNH ahead |
| 2025-01-31 | 92.25 | 90.92 | -1.34 | UNH ahead |
| 2025-01-30 | 93.10 | 91.43 | -1.33 | UNH ahead |
| 2025-01-29 | 93.33 | 90.18 | -1.24 | UNH ahead |
| 2025-01-28 | 94.51 | 90.91 | -1.22 | UNH ahead |
| 2025-01-27 | 95.88 | 91.09 | -1.15 | UNH ahead |
| 2025-01-24 | 93.48 | 89.24 | -1.19 | UNH ahead |
| 2025-01-23 | 93.57 | 88.78 | -1.16 | UNH ahead |
| 2025-01-22 | 91.09 | 87.10 | -1.22 | UNH ahead |
| 2025-01-21 | 90.74 | 87.98 | -1.31 | UNH ahead |
| 2025-01-17 | 89.83 | 85.43 | -1.20 | UNH ahead |
| 2025-01-16 | 89.82 | 85.57 | -1.22 | UNH ahead |
| 2025-01-15 | 90.76 | 91.07 | -1.56 | UNH ahead |
| 2025-01-14 | 91.66 | 91.13 | -1.51 | UNH ahead |
| 2025-01-13 | 92.44 | 90.69 | -1.44 | UNH ahead |
| 2025-01-10 | 88.86 | 87.26 | -1.46 | UNH ahead |
| 2025-01-08 | 89.35 | 87.90 | -1.48 | UNH ahead |
| 2025-01-07 | 88.77 | 86.18 | -1.40 | UNH ahead |
| 2025-01-06 | 88.51 | 86.09 | -1.43 | UNH ahead |
| 2025-01-03 | 86.62 | 85.97 | -1.57 | UNH ahead |
| 2025-01-02 | 85.29 | 84.55 | -1.57 | UNH ahead |
| 2024-12-31 | 86.00 | 84.78 | -1.55 | UNH ahead |
| 2024-12-30 | 85.98 | 85.10 | -1.59 | UNH ahead |
| 2024-12-27 | 86.51 | 85.47 | -1.59 | UNH ahead |
| 2024-12-26 | 87.11 | 85.66 | -1.57 | UNH ahead |
| 2024-12-24 | 86.95 | 84.82 | -1.53 | UNH ahead |
| 2024-12-23 | 86.47 | 84.86 | -1.58 | UNH ahead |
| 2024-12-20 | 85.32 | 83.82 | -1.60 | UNH ahead |
| 2024-12-19 | 85.44 | 81.99 | -1.46 | UNH ahead |
| 2024-12-18 | 85.39 | 83.75 | -1.62 | UNH ahead |
| 2024-12-17 | 85.40 | 81.37 | -1.43 | UNH ahead |
| 2024-12-16 | 87.03 | 83.54 | -1.49 | UNH ahead |
| 2024-12-13 | 88.92 | 87.23 | -1.65 | UNH ahead |
| 2024-12-12 | 88.22 | 86.44 | -1.66 | UNH ahead |
| 2024-12-11 | 89.89 | 89.41 | -1.78 | UNH ahead |
| 2024-12-10 | 90.89 | 94.72 | -2.13 | UNH ahead |
| 2024-12-09 | 92.24 | 93.95 | -1.99 | UNH ahead |
| 2024-12-06 | 89.09 | 92.11 | -2.12 | UNH ahead |
| 2024-12-05 | 91.62 | 97.03 | -2.32 | UNH ahead |
| 2024-12-04 | 93.28 | 102.36 | -2.62 | UNH ahead |
| 2024-12-03 | 95.14 | 101.43 | -2.44 | UNH ahead |
| 2024-12-02 | 95.68 | 101.98 | -2.47 | UNH ahead |
| 2024-11-29 | 94.88 | 102.26 | -2.60 | UNH ahead |
| 2024-11-27 | 93.90 | 101.96 | -2.70 | UNH ahead |
| 2024-11-26 | 93.71 | 101.69 | -2.74 | UNH ahead |
| 2024-11-25 | 95.03 | 101.53 | -2.66 | UNH ahead |
| 2024-11-22 | 93.85 | 99.02 | -2.61 | UNH ahead |
| 2024-11-21 | 94.09 | 100.13 | -2.72 | UNH ahead |
| 2024-11-20 | 92.67 | 100.64 | -2.94 | UNH ahead |
| 2024-11-19 | 91.90 | 96.70 | -2.72 | UNH ahead |
| 2024-11-18 | 93.42 | 98.82 | -2.81 | UNH ahead |
| 2024-11-15 | 93.42 | 99.25 | -2.90 | UNH ahead |
| 2024-11-14 | 94.90 | 99.41 | -2.83 | UNH ahead |
| 2024-11-13 | 95.79 | 101.54 | -2.98 | UNH ahead |
| 2024-11-12 | 96.27 | 103.01 | -3.12 | UNH ahead |
| 2024-11-11 | 99.17 | 104.79 | -3.07 | UNH ahead |
| 2024-11-08 | 98.53 | 103.20 | -3.04 | UNH ahead |
| 2024-11-07 | 100.10 | 101.47 | -2.78 | UNH ahead |
| 2024-11-06 | 100.00 | 100.00 | -2.69 | UNH ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 17, 2025 (ELV -2.4%, UNH -22.4%); May 15, 2025 (ELV +4.2%, UNH -10.9%); Jul 17, 2025 (ELV -12.2%, UNH -1.5%).
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: +15.56% per trade on average after costs, 1 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long ELV · Short UNH | Jul 17, 2026 | Aug 21, 2026 | converged | 35 | $1,593.32 | -$27.98 | $1,555.66 (+15.56%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
ELV and UNH at a glance
ELV Elevance Health Inc.
- Listing
- NYSE · SEC CIK 1156039
- Industry
- Medical Specialities · SIC 6324 Hospital & Medical Service Plans
- Market value
- $89.4B
- Price history
- 2,534 daily closes, Oct 12, 2016 to Nov 10, 2026
UNH UnitedHealth Group Incorporated Common Stock (DE)
- Listing
- NYSE · SEC CIK 731766
- Industry
- Medical Specialities · SIC 6324 Hospital & Medical Service Plans
- Market value
- $363.0B
- 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 →Other rivals of ELV and UNH
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Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.
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.
