Freeport-McMoRan Inc. vs Southern Copper Corporation
Measured twinFCX / SCCOPrices through Nov 10, 2026
Why these are rivals: #1 and #3 by market value ($146B vs $89B) in Nasdaq's "Metal Mining" industry; SEC SIC 1000 / 1000 (same major group).
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 = 0.68 (needs |z| >= 2.0)
Business leadership
FCX is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | FCX | SCCO | Larger |
|---|---|---|---|
| 2025 | $25.9B | $13.4B | FCX |
| 2024 | $25.5B | $11.4B | FCX |
| 2023 | $22.9B | $9.9B | FCX |
| 2022 | $22.8B | $10.0B | FCX |
| 2021 | $22.8B | $10.9B | FCX |
| 2020 | $14.2B | $8.0B | FCX |
FCX led in every year with figures for both. Market value: FCX $88.7B, SCCO $146.5B.
Stock leadership
FCX is ahead now
Measured against the pair's own last 252 trading days.
FCX leads SCCO by 0.68 standard deviations: +3.6% over its usual price ratio. 1 lead switch in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| FCX | -12.9% | -8.7% | +51.5% |
| SCCO | -12.6% | -11.2% | +24.7% |
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: 0.89 (needs >= 0.60)
- Pass
- Mean reversion: ADF t-statistic of the spread: -3.27 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 10.57 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
FCX Freeport-McMoRan Inc. SCCO Southern Copper 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: FCX relative to SCCO, against the 252 sessions before each day. Above 0: FCX ahead; below 0: SCCO ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | FCX index | SCCO index | z | Ahead |
|---|---|---|---|---|
| 2026-11-10 | 128.68 | 155.58 | +0.68 | FCX ahead |
| 2026-11-09 | 132.98 | 160.75 | +0.68 | FCX ahead |
| 2026-11-06 | 126.78 | 152.76 | +0.75 | FCX ahead |
| 2026-11-05 | 123.53 | 151.03 | +0.48 | near the usual relationship |
| 2026-11-04 | 133.56 | 161.50 | +0.69 | FCX ahead |
| 2026-11-03 | 131.79 | 158.44 | +0.80 | FCX ahead |
| 2026-11-02 | 134.35 | 163.80 | +0.55 | FCX ahead |
| 2026-10-30 | 133.28 | 162.13 | +0.60 | FCX ahead |
| 2026-10-29 | 141.11 | 175.11 | +0.25 | near the usual relationship |
| 2026-10-28 | 142.10 | 177.09 | +0.18 | near the usual relationship |
| 2026-10-27 | 140.71 | 177.56 | -0.03 | near the usual relationship |
| 2026-10-26 | 139.02 | 169.87 | +0.54 | FCX ahead |
| 2026-10-23 | 139.07 | 168.96 | +0.64 | FCX ahead |
| 2026-10-22 | 137.81 | 167.66 | +0.62 | FCX ahead |
| 2026-10-21 | 147.00 | 180.89 | +0.43 | near the usual relationship |
| 2026-10-20 | 146.94 | 184.79 | +0.06 | near the usual relationship |
| 2026-10-19 | 148.82 | 184.27 | +0.33 | near the usual relationship |
| 2026-10-16 | 148.37 | 183.11 | +0.39 | near the usual relationship |
| 2026-10-15 | 149.48 | 184.19 | +0.43 | near the usual relationship |
| 2026-10-14 | 148.54 | 183.27 | +0.41 | near the usual relationship |
| 2026-10-13 | 154.51 | 189.42 | +0.52 | FCX ahead |
| 2026-10-12 | 156.37 | 190.58 | +0.63 | FCX ahead |
| 2026-10-09 | 157.22 | 191.06 | +0.68 | FCX ahead |
| 2026-10-08 | 151.78 | 181.42 | +0.97 | FCX ahead |
| 2026-10-07 | 153.32 | 183.17 | +0.99 | FCX ahead |
| 2026-10-06 | 154.81 | 186.54 | +0.85 | FCX ahead |
| 2026-10-05 | 154.90 | 187.48 | +0.78 | FCX ahead |
| 2026-10-02 | 153.70 | 187.71 | +0.63 | FCX ahead |
| 2026-10-01 | 147.81 | 181.94 | +0.51 | FCX ahead |
| 2026-09-30 | 149.35 | 185.06 | +0.40 | near the usual relationship |
| 2026-09-29 | 151.03 | 184.98 | +0.60 | FCX ahead |
| 2026-09-28 | 153.53 | 185.05 | +0.87 | FCX ahead |
| 2026-09-25 | 154.28 | 186.23 | +0.86 | FCX ahead |
| 2026-09-24 | 153.79 | 184.09 | +0.97 | FCX ahead |
| 2026-09-23 | 154.85 | 184.42 | +1.03 | FCX ahead |
| 2026-09-22 | 158.63 | 188.26 | +1.06 | FCX ahead |
| 2026-09-21 | 153.96 | 180.88 | +1.18 | FCX ahead |
| 2026-09-18 | 152.63 | 178.72 | +1.20 | FCX ahead |
| 2026-09-17 | 151.16 | 179.10 | +1.00 | FCX ahead |
| 2026-09-16 | 147.73 | 173.41 | +1.11 | FCX ahead |
| 2026-09-15 | 148.03 | 172.96 | +1.15 | FCX ahead |
| 2026-09-14 | 147.94 | 172.01 | +1.18 | FCX ahead |
| 2026-09-11 | 151.63 | 176.70 | +1.11 | FCX ahead |
| 2026-09-10 | 151.93 | 177.30 | +1.06 | FCX ahead |
| 2026-09-09 | 162.64 | 191.11 | +0.93 | FCX ahead |
| 2026-09-08 | 163.47 | 190.47 | +1.01 | FCX ahead |
| 2026-09-04 | 155.17 | 181.52 | +0.92 | FCX ahead |
| 2026-09-03 | 154.81 | 182.22 | +0.81 | FCX ahead |
| 2026-09-02 | 157.73 | 186.54 | +0.72 | FCX ahead |
| 2026-09-01 | 154.62 | 184.12 | +0.62 | FCX ahead |
| 2026-08-31 | 161.60 | 190.75 | +0.69 | FCX ahead |
| 2026-08-28 | 163.11 | 191.60 | +0.72 | FCX ahead |
| 2026-08-27 | 167.31 | 197.52 | +0.64 | FCX ahead |
| 2026-08-26 | 168.55 | 195.21 | +0.83 | FCX ahead |
| 2026-08-25 | 170.49 | 200.64 | +0.64 | FCX ahead |
| 2026-08-24 | 165.99 | 195.66 | +0.61 | FCX ahead |
| 2026-08-21 | 163.56 | 197.26 | +0.36 | near the usual relationship |
| 2026-08-20 | 151.95 | 181.49 | +0.44 | near the usual relationship |
| 2026-08-19 | 147.41 | 177.79 | +0.33 | near the usual relationship |
| 2026-08-18 | 141.50 | 171.51 | +0.27 | near the usual relationship |
| 2026-08-17 | 145.89 | 175.38 | +0.34 | near the usual relationship |
| 2026-08-14 | 141.86 | 168.59 | +0.44 | near the usual relationship |
| 2026-08-13 | 142.59 | 171.32 | +0.32 | near the usual relationship |
| 2026-08-12 | 147.69 | 177.98 | +0.29 | near the usual relationship |
| 2026-08-11 | 146.94 | 177.61 | +0.25 | near the usual relationship |
| 2026-08-10 | 150.44 | 182.75 | +0.19 | near the usual relationship |
| 2026-08-07 | 148.54 | 181.79 | +0.12 | near the usual relationship |
| 2026-08-06 | 145.47 | 176.28 | +0.20 | near the usual relationship |
| 2026-08-05 | 148.05 | 179.91 | +0.17 | near the usual relationship |
| 2026-08-04 | 143.59 | 178.23 | -0.04 | near the usual relationship |
| 2026-08-03 | 135.78 | 169.78 | -0.11 | near the usual relationship |
| 2026-07-31 | 133.62 | 166.86 | -0.11 | near the usual relationship |
| 2026-07-30 | 135.35 | 168.95 | -0.11 | near the usual relationship |
| 2026-07-29 | 127.99 | 160.25 | -0.15 | near the usual relationship |
| 2026-07-28 | 131.51 | 163.43 | -0.09 | near the usual relationship |
| 2026-07-27 | 133.82 | 163.76 | +0.03 | near the usual relationship |
| 2026-07-24 | 133.56 | 163.74 | +0.01 | near the usual relationship |
| 2026-07-23 | 135.48 | 166.41 | -0.01 | near the usual relationship |
| 2026-07-22 | 138.68 | 178.52 | -0.42 | near the usual relationship |
| 2026-07-21 | 133.48 | 171.70 | -0.42 | near the usual relationship |
| 2026-07-20 | 125.43 | 159.88 | -0.35 | near the usual relationship |
| 2026-07-17 | 124.56 | 157.52 | -0.29 | near the usual relationship |
| 2026-07-16 | 124.94 | 160.42 | -0.42 | near the usual relationship |
| 2026-07-15 | 130.08 | 165.79 | -0.37 | near the usual relationship |
| 2026-07-14 | 132.17 | 166.56 | -0.28 | near the usual relationship |
| 2026-07-13 | 127.95 | 159.39 | -0.20 | near the usual relationship |
| 2026-07-10 | 131.26 | 160.58 | -0.07 | near the usual relationship |
| 2026-07-09 | 129.14 | 159.30 | -0.14 | near the usual relationship |
| 2026-07-08 | 122.68 | 152.70 | -0.21 | near the usual relationship |
| 2026-07-07 | 126.58 | 155.02 | -0.09 | near the usual relationship |
| 2026-07-06 | 130.15 | 158.79 | -0.07 | near the usual relationship |
| 2026-07-02 | 130.08 | 157.09 | +0.00 | near the usual relationship |
| 2026-07-01 | 129.14 | 154.16 | +0.08 | near the usual relationship |
| 2026-06-30 | 134.18 | 159.14 | +0.13 | near the usual relationship |
| 2026-06-29 | 131.47 | 153.84 | +0.22 | near the usual relationship |
| 2026-06-26 | 133.24 | 156.40 | +0.19 | near the usual relationship |
| 2026-06-25 | 133.99 | 159.57 | +0.08 | near the usual relationship |
| 2026-06-24 | 131.94 | 156.93 | +0.08 | near the usual relationship |
| 2026-06-23 | 137.40 | 163.08 | +0.09 | near the usual relationship |
| 2026-06-22 | 147.66 | 173.43 | +0.16 | near the usual relationship |
| 2026-06-18 | 146.53 | 176.19 | -0.01 | near the usual relationship |
| 2026-06-17 | 147.34 | 175.05 | +0.07 | near the usual relationship |
| 2026-06-16 | 149.67 | 177.65 | +0.07 | near the usual relationship |
| 2026-06-15 | 149.63 | 176.46 | +0.11 | near the usual relationship |
| 2026-06-12 | 145.96 | 173.32 | +0.06 | near the usual relationship |
| 2026-06-11 | 141.54 | 166.36 | +0.12 | near the usual relationship |
| 2026-06-10 | 132.45 | 153.21 | +0.23 | near the usual relationship |
| 2026-06-09 | 137.08 | 159.97 | +0.17 | near the usual relationship |
| 2026-06-08 | 136.36 | 155.69 | +0.32 | near the usual relationship |
| 2026-06-05 | 135.20 | 157.96 | +0.15 | near the usual relationship |
| 2026-06-04 | 148.69 | 177.25 | +0.00 | near the usual relationship |
| 2026-06-03 | 150.71 | 179.53 | +0.00 | near the usual relationship |
| 2026-06-02 | 153.02 | 183.90 | -0.07 | near the usual relationship |
| 2026-06-01 | 143.03 | 177.74 | -0.31 | near the usual relationship |
| 2026-05-29 | 140.20 | 174.70 | -0.33 | near the usual relationship |
| 2026-05-28 | 140.54 | 177.97 | -0.45 | near the usual relationship |
| 2026-05-27 | 135.76 | 171.46 | -0.44 | near the usual relationship |
| 2026-05-26 | 137.32 | 173.41 | -0.44 | near the usual relationship |
| 2026-05-22 | 132.26 | 164.08 | -0.32 | near the usual relationship |
| 2026-05-21 | 132.94 | 163.58 | -0.27 | near the usual relationship |
| 2026-05-20 | 129.87 | 158.99 | -0.24 | near the usual relationship |
| 2026-05-19 | 125.24 | 154.34 | -0.29 | near the usual relationship |
| 2026-05-18 | 129.08 | 156.99 | -0.20 | near the usual relationship |
| 2026-05-15 | 134.44 | 161.44 | -0.12 | near the usual relationship |
| 2026-05-14 | 141.11 | 172.15 | -0.23 | near the usual relationship |
| 2026-05-13 | 143.29 | 175.24 | -0.25 | near the usual relationship |
| 2026-05-12 | 140.88 | 175.11 | -0.37 | near the usual relationship |
| 2026-05-11 | 137.34 | 169.16 | -0.31 | near the usual relationship |
| 2026-05-08 | 131.53 | 169.21 | -0.61 | SCCO ahead |
| 2026-05-07 | 129.32 | 163.96 | -0.52 | SCCO ahead |
| 2026-05-06 | 129.91 | 167.95 | -0.66 | SCCO ahead |
| 2026-05-05 | 123.06 | 156.19 | -0.54 | SCCO ahead |
| 2026-05-04 | 118.56 | 151.87 | -0.61 | SCCO ahead |
| 2026-05-01 | 120.65 | 156.33 | -0.69 | SCCO ahead |
| 2026-04-30 | 123.28 | 156.79 | -0.57 | SCCO ahead |
| 2026-04-29 | 121.46 | 153.82 | -0.54 | SCCO ahead |
| 2026-04-28 | 124.19 | 155.70 | -0.48 | near the usual relationship |
| 2026-04-27 | 129.23 | 162.67 | -0.51 | SCCO ahead |
| 2026-04-24 | 130.25 | 164.78 | -0.55 | SCCO ahead |
| 2026-04-23 | 131.17 | 166.44 | -0.57 | SCCO ahead |
| 2026-04-22 | 150.12 | 171.42 | +0.14 | near the usual relationship |
| 2026-04-21 | 144.16 | 167.61 | +0.02 | near the usual relationship |
| 2026-04-20 | 149.73 | 174.21 | +0.01 | near the usual relationship |
| 2026-04-17 | 149.80 | 177.46 | -0.11 | near the usual relationship |
| 2026-04-16 | 145.68 | 171.92 | -0.09 | near the usual relationship |
| 2026-04-15 | 146.58 | 172.88 | -0.08 | near the usual relationship |
| 2026-04-14 | 145.66 | 176.59 | -0.27 | near the usual relationship |
| 2026-04-13 | 145.15 | 179.34 | -0.40 | near the usual relationship |
| 2026-04-10 | 144.66 | 175.85 | -0.30 | near the usual relationship |
| 2026-04-09 | 141.78 | 171.74 | -0.27 | near the usual relationship |
| 2026-04-08 | 138.89 | 170.93 | -0.38 | near the usual relationship |
| 2026-04-07 | 129.64 | 158.88 | -0.36 | near the usual relationship |
| 2026-04-06 | 130.25 | 161.34 | -0.43 | near the usual relationship |
| 2026-04-02 | 130.96 | 162.40 | -0.45 | near the usual relationship |
| 2026-04-01 | 130.57 | 162.51 | -0.47 | near the usual relationship |
| 2026-03-31 | 125.41 | 157.13 | -0.52 | SCCO ahead |
| 2026-03-30 | 116.60 | 145.46 | -0.50 | SCCO ahead |
| 2026-03-27 | 119.99 | 148.01 | -0.43 | near the usual relationship |
| 2026-03-26 | 119.12 | 145.90 | -0.39 | near the usual relationship |
| 2026-03-25 | 121.80 | 151.13 | -0.48 | near the usual relationship |
| 2026-03-24 | 120.50 | 146.01 | -0.32 | near the usual relationship |
| 2026-03-23 | 117.22 | 145.74 | -0.50 | SCCO ahead |
| 2026-03-20 | 111.14 | 139.46 | -0.57 | SCCO ahead |
| 2026-03-19 | 114.40 | 145.95 | -0.68 | SCCO ahead |
| 2026-03-18 | 118.31 | 152.26 | -0.75 | SCCO ahead |
| 2026-03-17 | 123.94 | 161.66 | -0.84 | SCCO ahead |
| 2026-03-16 | 123.60 | 161.46 | -0.86 | SCCO ahead |
| 2026-03-13 | 120.29 | 156.01 | -0.82 | SCCO ahead |
| 2026-03-12 | 126.33 | 164.89 | -0.87 | SCCO ahead |
| 2026-03-11 | 131.30 | 175.36 | -1.03 | SCCO ahead |
| 2026-03-10 | 133.13 | 179.14 | -1.09 | SCCO ahead |
| 2026-03-09 | 129.06 | 174.10 | -1.11 | SCCO ahead |
| 2026-03-06 | 126.65 | 168.92 | -1.04 | SCCO ahead |
| 2026-03-05 | 133.69 | 175.22 | -0.93 | SCCO ahead |
| 2026-03-04 | 140.67 | 188.73 | -1.10 | SCCO ahead |
| 2026-03-03 | 139.90 | 188.34 | -1.13 | SCCO ahead |
| 2026-03-02 | 145.70 | 199.86 | -1.27 | SCCO ahead |
| 2026-02-27 | 145.25 | 199.36 | -1.28 | SCCO ahead |
| 2026-02-26 | 145.89 | 196.99 | -1.18 | SCCO ahead |
| 2026-02-25 | 146.83 | 196.53 | -1.13 | SCCO ahead |
| 2026-02-24 | 144.83 | 192.41 | -1.09 | SCCO ahead |
| 2026-02-23 | 139.85 | 189.09 | -1.22 | SCCO ahead |
| 2026-02-20 | 137.27 | 183.57 | -1.15 | SCCO ahead |
| 2026-02-19 | 133.50 | 177.23 | -1.11 | SCCO ahead |
| 2026-02-18 | 133.45 | 175.95 | -1.07 | SCCO ahead |
| 2026-02-17 | 130.34 | 171.69 | -1.07 | SCCO ahead |
| 2026-02-13 | 134.07 | 180.82 | -1.24 | SCCO ahead |
| 2026-02-12 | 132.37 | 180.68 | -1.34 | SCCO ahead |
| 2026-02-11 | 139.66 | 188.60 | -1.27 | SCCO ahead |
| 2026-02-10 | 134.97 | 181.64 | -1.26 | SCCO ahead |
| 2026-02-09 | 135.72 | 190.21 | -1.56 | SCCO ahead |
| 2026-02-06 | 129.44 | 182.68 | -1.62 | SCCO ahead |
| 2026-02-05 | 126.35 | 173.02 | -1.42 | SCCO ahead |
| 2026-02-04 | 131.98 | 178.97 | -1.36 | SCCO ahead |
| 2026-02-03 | 137.98 | 196.75 | -1.74 | SCCO ahead |
| 2026-02-02 | 129.64 | 176.07 | -1.40 | SCCO ahead |
| 2026-01-30 | 128.50 | 173.81 | -1.38 | SCCO ahead |
| 2026-01-29 | 138.96 | 189.89 | -1.47 | SCCO ahead |
| 2026-01-28 | 135.76 | 180.99 | -1.30 | SCCO ahead |
| 2026-01-27 | 134.14 | 177.94 | -1.27 | SCCO ahead |
| 2026-01-26 | 130.51 | 172.06 | -1.24 | SCCO ahead |
| 2026-01-23 | 128.89 | 168.31 | -1.18 | SCCO ahead |
| 2026-01-22 | 125.56 | 161.11 | -1.06 | SCCO ahead |
| 2026-01-21 | 129.25 | 168.09 | -1.16 | SCCO ahead |
| 2026-01-20 | 128.16 | 170.09 | -1.33 | SCCO ahead |
| 2026-01-16 | 125.26 | 165.25 | -1.29 | SCCO ahead |
| 2026-01-15 | 127.93 | 167.10 | -1.23 | SCCO ahead |
| 2026-01-14 | 128.76 | 164.62 | -1.08 | SCCO ahead |
| 2026-01-13 | 126.61 | 159.24 | -0.96 | SCCO ahead |
| 2026-01-12 | 125.26 | 160.73 | -1.12 | SCCO ahead |
| 2026-01-09 | 120.61 | 155.73 | -1.17 | SCCO ahead |
| 2026-01-08 | 115.68 | 146.62 | -1.04 | SCCO ahead |
| 2026-01-07 | 118.41 | 144.37 | -0.76 | SCCO ahead |
| 2026-01-06 | 119.80 | 146.19 | -0.77 | SCCO ahead |
| 2026-01-05 | 116.09 | 141.00 | -0.74 | SCCO ahead |
| 2026-01-02 | 110.80 | 135.79 | -0.81 | SCCO ahead |
| 2025-12-31 | 108.36 | 131.02 | -0.71 | SCCO ahead |
| 2025-12-30 | 109.69 | 132.86 | -0.73 | SCCO ahead |
| 2025-12-29 | 109.84 | 132.69 | -0.72 | SCCO ahead |
| 2025-12-26 | 113.16 | 136.55 | -0.71 | SCCO ahead |
| 2025-12-24 | 110.77 | 135.28 | -0.81 | SCCO ahead |
| 2025-12-23 | 110.73 | 135.18 | -0.81 | SCCO ahead |
| 2025-12-22 | 108.04 | 134.41 | -0.97 | SCCO ahead |
| 2025-12-19 | 104.86 | 131.51 | -1.03 | SCCO ahead |
| 2025-12-18 | 102.24 | 129.94 | -1.14 | SCCO ahead |
| 2025-12-17 | 102.03 | 129.18 | -1.12 | SCCO ahead |
| 2025-12-16 | 101.43 | 128.10 | -1.11 | SCCO ahead |
| 2025-12-15 | 101.39 | 131.38 | -1.32 | SCCO ahead |
| 2025-12-12 | 101.09 | 130.05 | -1.28 | SCCO ahead |
| 2025-12-11 | 102.65 | 134.82 | -1.45 | SCCO ahead |
| 2025-12-10 | 99.10 | 131.49 | -1.54 | SCCO ahead |
| 2025-12-09 | 95.58 | 128.22 | -1.64 | SCCO ahead |
| 2025-12-08 | 96.01 | 128.80 | -1.66 | SCCO ahead |
| 2025-12-05 | 96.44 | 128.23 | -1.61 | SCCO ahead |
| 2025-12-04 | 95.18 | 127.81 | -1.70 | SCCO ahead |
| 2025-12-03 | 95.01 | 126.57 | -1.65 | SCCO ahead |
| 2025-12-02 | 91.68 | 123.20 | -1.74 | SCCO ahead |
| 2025-12-01 | 91.89 | 123.07 | -1.73 | SCCO ahead |
| 2025-11-28 | 91.70 | 123.09 | -1.77 | SCCO ahead |
| 2025-11-26 | 89.93 | 121.49 | -1.84 | SCCO ahead |
| 2025-11-25 | 87.63 | 117.92 | -1.83 | SCCO ahead |
| 2025-11-24 | 87.03 | 115.80 | -1.76 | SCCO ahead |
| 2025-11-21 | 85.07 | 112.96 | -1.76 | SCCO ahead |
| 2025-11-20 | 84.55 | 109.61 | -1.58 | SCCO ahead |
| 2025-11-19 | 88.01 | 114.50 | -1.62 | SCCO ahead |
| 2025-11-18 | 85.34 | 113.37 | -1.82 | SCCO ahead |
| 2025-11-17 | 83.21 | 116.03 | -2.25 | SCCO ahead |
| 2025-11-14 | 85.68 | 119.35 | -2.28 | SCCO ahead |
| 2025-11-13 | 86.49 | 120.58 | -2.32 | SCCO ahead |
| 2025-11-12 | 89.20 | 124.91 | -2.39 | SCCO ahead |
| 2025-11-11 | 87.63 | 126.50 | -2.71 | SCCO ahead |
| 2025-11-10 | 87.37 | 127.39 | -2.85 | SCCO ahead |
| 2025-11-07 | 84.94 | 124.76 | -2.98 | SCCO ahead |
| 2025-11-06 | 82.46 | 125.33 | -3.38 | SCCO ahead |
| 2025-11-05 | 85.79 | 124.13 | -2.98 | SCCO ahead |
| 2025-11-04 | 84.10 | 119.44 | -2.87 | SCCO ahead |
| 2025-11-03 | 87.86 | 126.29 | -3.05 | SCCO ahead |
| 2025-10-31 | 88.97 | 126.76 | -3.03 | SCCO ahead |
| 2025-10-30 | 89.03 | 127.95 | -3.19 | SCCO ahead |
| 2025-10-29 | 90.01 | 129.39 | -3.27 | SCCO ahead |
| 2025-10-28 | 87.84 | 126.36 | -3.36 | SCCO ahead |
| 2025-10-27 | 87.69 | 121.45 | -3.03 | SCCO ahead |
| 2025-10-24 | 88.27 | 118.12 | -2.71 | SCCO ahead |
| 2025-10-23 | 87.97 | 117.23 | -2.71 | SCCO ahead |
| 2025-10-22 | 87.01 | 115.91 | -2.76 | SCCO ahead |
| 2025-10-21 | 88.14 | 117.19 | -2.79 | SCCO ahead |
| 2025-10-20 | 90.01 | 123.23 | -3.20 | SCCO ahead |
| 2025-10-17 | 87.86 | 118.55 | -3.10 | SCCO ahead |
| 2025-10-16 | 88.97 | 121.71 | -3.35 | SCCO ahead |
| 2025-10-15 | 88.99 | 120.46 | -3.30 | SCCO ahead |
| 2025-10-14 | 89.55 | 119.41 | -3.19 | SCCO ahead |
| 2025-10-13 | 91.27 | 121.64 | -3.27 | SCCO ahead |
| 2025-10-10 | 87.22 | 114.25 | -3.12 | SCCO ahead |
| 2025-10-09 | 92.40 | 119.24 | -2.98 | SCCO ahead |
| 2025-10-08 | 91.42 | 121.03 | -3.41 | SCCO ahead |
| 2025-10-07 | 86.81 | 115.74 | -3.61 | SCCO ahead |
| 2025-10-06 | 86.03 | 118.70 | -4.26 | SCCO ahead |
| 2025-10-03 | 84.64 | 117.16 | -4.49 | SCCO ahead |
| 2025-10-02 | 82.93 | 114.45 | -4.65 | SCCO ahead |
| 2025-10-01 | 83.40 | 112.00 | -4.40 | SCCO ahead |
| 2025-09-30 | 83.68 | 110.83 | -4.34 | SCCO ahead |
| 2025-09-29 | 79.20 | 110.58 | -5.56 | SCCO ahead |
| 2025-09-26 | 76.27 | 106.85 | -6.04 | SCCO ahead |
| 2025-09-25 | 75.40 | 107.73 | -7.05 | SCCO ahead |
| 2025-09-24 | 80.37 | 109.13 | -6.49 | SCCO ahead |
| 2025-09-23 | 96.78 | 100.69 | -0.49 | near the usual relationship |
| 2025-09-22 | 96.35 | 101.77 | -0.84 | SCCO ahead |
| 2025-09-19 | 95.88 | 100.45 | -0.66 | SCCO ahead |
| 2025-09-18 | 95.86 | 97.95 | -0.10 | near the usual relationship |
| 2025-09-17 | 96.20 | 97.61 | +0.06 | near the usual relationship |
| 2025-09-16 | 96.65 | 99.04 | -0.17 | near the usual relationship |
| 2025-09-15 | 97.38 | 100.40 | -0.31 | near the usual relationship |
| 2025-09-12 | 95.41 | 96.97 | +0.01 | near the usual relationship |
| 2025-09-11 | 97.97 | 95.94 | +0.85 | FCX ahead |
| 2025-09-10 | 95.75 | 93.24 | +0.98 | FCX ahead |
| 2025-09-09 | 93.64 | 91.24 | +0.97 | FCX ahead |
| 2025-09-08 | 99.55 | 94.42 | +1.59 | FCX ahead |
| 2025-09-05 | 98.87 | 94.05 | +1.54 | FCX ahead |
| 2025-09-04 | 98.29 | 92.07 | +1.90 | FCX ahead |
| 2025-09-03 | 98.59 | 92.17 | +1.97 | FCX ahead |
| 2025-09-02 | 95.88 | 88.81 | +2.20 | FCX ahead |
| 2025-08-29 | 94.73 | 87.75 | +2.23 | FCX ahead |
| 2025-08-28 | 94.67 | 88.33 | +2.08 | FCX ahead |
| 2025-08-27 | 93.60 | 87.86 | +1.96 | FCX ahead |
| 2025-08-26 | 94.62 | 89.30 | +1.85 | FCX ahead |
| 2025-08-25 | 93.22 | 88.59 | +1.70 | FCX ahead |
| 2025-08-22 | 92.34 | 89.08 | +1.35 | FCX ahead |
| 2025-08-21 | 89.01 | 85.60 | +1.44 | FCX ahead |
| 2025-08-20 | 88.14 | 85.57 | +1.21 | FCX ahead |
| 2025-08-19 | 88.46 | 86.07 | +1.17 | FCX ahead |
| 2025-08-18 | 89.08 | 87.56 | +0.92 | FCX ahead |
| 2025-08-15 | 90.38 | 87.55 | +1.29 | FCX ahead |
| 2025-08-14 | 90.21 | 89.15 | +0.81 | FCX ahead |
| 2025-08-13 | 91.19 | 90.87 | +0.61 | FCX ahead |
| 2025-08-12 | 89.93 | 89.73 | +0.58 | FCX ahead |
| 2025-08-11 | 88.46 | 87.78 | +0.72 | FCX ahead |
| 2025-08-08 | 89.33 | 91.42 | -0.04 | near the usual relationship |
| 2025-08-07 | 87.05 | 89.05 | -0.03 | near the usual relationship |
| 2025-08-06 | 85.04 | 86.82 | +0.02 | near the usual relationship |
| 2025-08-05 | 85.41 | 86.33 | +0.27 | near the usual relationship |
| 2025-08-04 | 86.24 | 84.98 | +0.90 | FCX ahead |
| 2025-08-01 | 85.41 | 83.71 | +1.03 | FCX ahead |
| 2025-07-31 | 85.85 | 85.99 | +0.49 | near the usual relationship |
| 2025-07-30 | 83.51 | 82.68 | +0.78 | FCX ahead |
| 2025-07-29 | 92.23 | 88.27 | +1.63 | FCX ahead |
| 2025-07-28 | 93.43 | 88.68 | +1.85 | FCX ahead |
| 2025-07-25 | 95.78 | 89.67 | +2.22 | FCX ahead |
| 2025-07-24 | 95.11 | 90.85 | +1.73 | FCX ahead |
| 2025-07-23 | 95.67 | 92.08 | +1.54 | FCX ahead |
| 2025-07-22 | 97.72 | 90.55 | +2.53 | FCX ahead |
| 2025-07-21 | 96.42 | 89.54 | +2.49 | FCX ahead |
| 2025-07-18 | 95.58 | 88.07 | +2.72 | FCX ahead |
| 2025-07-17 | 94.86 | 88.14 | +2.53 | FCX ahead |
| 2025-07-16 | 93.83 | 88.27 | +2.21 | FCX ahead |
| 2025-07-15 | 94.13 | 89.09 | +2.06 | FCX ahead |
| 2025-07-14 | 97.35 | 91.31 | +2.31 | FCX ahead |
| 2025-07-11 | 98.91 | 92.79 | +2.32 | FCX ahead |
| 2025-07-10 | 100.73 | 93.39 | +2.67 | FCX ahead |
| 2025-07-09 | 97.27 | 91.25 | +2.37 | FCX ahead |
| 2025-07-08 | 98.72 | 94.06 | +1.97 | FCX ahead |
| 2025-07-07 | 96.29 | 95.44 | +0.88 | FCX ahead |
| 2025-07-03 | 97.72 | 96.68 | +0.93 | FCX ahead |
| 2025-07-02 | 97.65 | 96.89 | +0.84 | FCX ahead |
| 2025-07-01 | 93.98 | 93.24 | +0.83 | FCX ahead |
| 2025-06-30 | 92.49 | 92.39 | +0.64 | FCX ahead |
| 2025-06-27 | 93.60 | 93.62 | +0.59 | FCX ahead |
| 2025-06-26 | 94.86 | 95.56 | +0.39 | near the usual relationship |
| 2025-06-25 | 88.78 | 88.66 | +0.61 | FCX ahead |
| 2025-06-24 | 89.63 | 88.50 | +0.89 | FCX ahead |
| 2025-06-23 | 87.35 | 86.44 | +0.83 | FCX ahead |
| 2025-06-20 | 85.81 | 85.35 | +0.69 | FCX ahead |
| 2025-06-18 | 87.86 | 86.99 | +0.80 | FCX ahead |
| 2025-06-17 | 88.27 | 87.06 | +0.89 | FCX ahead |
| 2025-06-16 | 89.42 | 88.08 | +0.91 | FCX ahead |
| 2025-06-13 | 87.35 | 86.54 | +0.75 | FCX ahead |
| 2025-06-12 | 87.86 | 87.62 | +0.58 | FCX ahead |
| 2025-06-11 | 87.50 | 87.73 | +0.44 | near the usual relationship |
| 2025-06-10 | 90.01 | 89.15 | +0.73 | FCX ahead |
| 2025-06-09 | 90.33 | 88.52 | +0.98 | FCX ahead |
| 2025-06-06 | 88.50 | 87.34 | +0.80 | FCX ahead |
| 2025-06-05 | 88.95 | 87.74 | +0.81 | FCX ahead |
| 2025-06-04 | 87.18 | 85.61 | +0.91 | FCX ahead |
| 2025-06-03 | 85.85 | 84.47 | +0.86 | FCX ahead |
| 2025-06-02 | 85.66 | 84.43 | +0.82 | FCX ahead |
| 2025-05-30 | 82.10 | 83.02 | +0.20 | near the usual relationship |
| 2025-05-29 | 83.27 | 84.37 | +0.15 | near the usual relationship |
| 2025-05-28 | 82.97 | 83.78 | +0.23 | near the usual relationship |
| 2025-05-27 | 84.57 | 85.08 | +0.32 | near the usual relationship |
| 2025-05-23 | 83.25 | 84.33 | +0.15 | near the usual relationship |
| 2025-05-22 | 80.44 | 82.58 | -0.17 | near the usual relationship |
| 2025-05-21 | 81.10 | 83.04 | -0.11 | near the usual relationship |
| 2025-05-20 | 81.93 | 83.72 | -0.06 | near the usual relationship |
| 2025-05-19 | 82.78 | 83.68 | +0.19 | near the usual relationship |
| 2025-05-16 | 81.12 | 82.91 | -0.07 | near the usual relationship |
| 2025-05-15 | 82.08 | 84.21 | -0.16 | near the usual relationship |
| 2025-05-14 | 83.34 | 85.30 | -0.11 | near the usual relationship |
| 2025-05-13 | 84.21 | 85.20 | +0.16 | near the usual relationship |
| 2025-05-12 | 83.44 | 84.26 | +0.20 | near the usual relationship |
| 2025-05-09 | 80.78 | 81.63 | +0.17 | near the usual relationship |
| 2025-05-08 | 79.97 | 80.44 | +0.28 | near the usual relationship |
| 2025-05-07 | 78.98 | 79.87 | +0.15 | near the usual relationship |
| 2025-05-06 | 80.90 | 82.67 | -0.09 | near the usual relationship |
| 2025-05-05 | 79.69 | 80.87 | +0.06 | near the usual relationship |
| 2025-05-02 | 80.22 | 82.32 | -0.20 | near the usual relationship |
| 2025-05-01 | 77.68 | 82.05 | -0.87 | SCCO ahead |
| 2025-04-30 | 76.87 | 81.75 | -1.04 | SCCO ahead |
| 2025-04-29 | 79.30 | 84.81 | -1.17 | SCCO ahead |
| 2025-04-28 | 79.45 | 85.68 | -1.38 | SCCO ahead |
| 2025-04-25 | 79.69 | 86.10 | -1.43 | SCCO ahead |
| 2025-04-24 | 80.29 | 87.52 | -1.65 | SCCO ahead |
| 2025-04-23 | 75.08 | 84.25 | -2.36 | SCCO ahead |
| 2025-04-22 | 72.67 | 81.38 | -2.35 | SCCO ahead |
| 2025-04-21 | 70.30 | 79.12 | -2.50 | SCCO ahead |
| 2025-04-17 | 70.19 | 78.78 | -2.47 | SCCO ahead |
| 2025-04-16 | 71.09 | 78.71 | -2.18 | SCCO ahead |
| 2025-04-15 | 71.20 | 79.30 | -2.35 | SCCO ahead |
| 2025-04-14 | 72.01 | 80.06 | -2.35 | SCCO ahead |
| 2025-04-11 | 71.15 | 77.29 | -1.79 | SCCO ahead |
| 2025-04-10 | 66.89 | 74.74 | -2.53 | SCCO ahead |
| 2025-04-09 | 71.99 | 77.10 | -1.48 | SCCO ahead |
| 2025-04-08 | 62.32 | 69.07 | -2.36 | SCCO ahead |
| 2025-04-07 | 64.80 | 72.51 | -2.65 | SCCO ahead |
| 2025-04-04 | 62.19 | 71.59 | -3.44 | SCCO ahead |
| 2025-04-03 | 71.50 | 79.21 | -2.49 | SCCO ahead |
| 2025-04-02 | 81.50 | 86.17 | -1.28 | SCCO ahead |
| 2025-04-01 | 81.35 | 85.74 | -1.21 | SCCO ahead |
| 2025-03-31 | 80.78 | 85.35 | -1.29 | SCCO ahead |
| 2025-03-28 | 81.97 | 85.97 | -1.10 | SCCO ahead |
| 2025-03-27 | 85.30 | 88.44 | -0.81 | SCCO ahead |
| 2025-03-26 | 88.52 | 89.22 | -0.08 | near the usual relationship |
| 2025-03-25 | 91.76 | 92.68 | -0.14 | near the usual relationship |
| 2025-03-24 | 88.78 | 91.00 | -0.52 | SCCO ahead |
| 2025-03-21 | 85.88 | 91.70 | -1.59 | SCCO ahead |
| 2025-03-20 | 86.84 | 90.61 | -1.01 | SCCO ahead |
| 2025-03-19 | 86.24 | 90.90 | -1.28 | SCCO ahead |
| 2025-03-18 | 85.00 | 90.23 | -1.47 | SCCO ahead |
| 2025-03-17 | 84.30 | 89.39 | -1.46 | SCCO ahead |
| 2025-03-14 | 82.89 | 87.79 | -1.43 | SCCO ahead |
| 2025-03-13 | 80.18 | 84.39 | -1.27 | SCCO ahead |
| 2025-03-12 | 78.47 | 82.50 | -1.25 | SCCO ahead |
| 2025-03-11 | 76.55 | 81.15 | -1.46 | SCCO ahead |
| 2025-03-10 | 73.61 | 80.79 | -2.35 | SCCO ahead |
| 2025-03-07 | 78.81 | 83.07 | -1.34 | SCCO ahead |
| 2025-03-06 | 80.39 | 82.94 | -0.81 | SCCO ahead |
| 2025-03-05 | 81.42 | 82.64 | -0.42 | near the usual relationship |
| 2025-03-04 | 74.46 | 78.47 | -1.33 | SCCO ahead |
| 2025-03-03 | 75.81 | 79.19 | -1.12 | SCCO ahead |
| 2025-02-28 | 78.75 | 81.21 | -0.82 | SCCO ahead |
| 2025-02-27 | 79.84 | 82.64 | -0.91 | SCCO ahead |
| 2025-02-26 | 80.97 | 85.16 | -1.29 | SCCO ahead |
| 2025-02-25 | 78.43 | 84.95 | -1.98 | SCCO ahead |
| 2025-02-24 | 79.18 | 84.84 | -1.74 | SCCO ahead |
| 2025-02-21 | 78.90 | 84.85 | -1.84 | SCCO ahead |
| 2025-02-20 | 83.12 | 89.33 | -1.84 | SCCO ahead |
| 2025-02-19 | 82.29 | 88.02 | -1.74 | SCCO ahead |
| 2025-02-18 | 83.85 | 88.98 | -1.57 | SCCO ahead |
| 2025-02-14 | 84.21 | 88.83 | -1.44 | SCCO ahead |
| 2025-02-13 | 85.81 | 89.35 | -1.15 | SCCO ahead |
| 2025-02-12 | 80.99 | 86.08 | -1.63 | SCCO ahead |
| 2025-02-11 | 80.20 | 84.10 | -1.33 | SCCO ahead |
| 2025-02-10 | 82.06 | 88.62 | -2.00 | SCCO ahead |
| 2025-02-07 | 81.54 | 88.33 | -2.07 | SCCO ahead |
| 2025-02-06 | 79.26 | 86.40 | -2.22 | SCCO ahead |
| 2025-02-05 | 78.26 | 85.32 | -2.23 | SCCO ahead |
| 2025-02-04 | 77.83 | 85.17 | -2.33 | SCCO ahead |
| 2025-02-03 | 76.51 | 82.13 | -1.91 | SCCO ahead |
| 2025-01-31 | 76.49 | 83.67 | -2.34 | SCCO ahead |
| 2025-01-30 | 78.17 | 84.61 | -2.12 | SCCO ahead |
| 2025-01-29 | 77.41 | 83.44 | -2.05 | SCCO ahead |
| 2025-01-28 | 76.47 | 82.67 | -2.13 | SCCO ahead |
| 2025-01-27 | 78.24 | 85.97 | -2.51 | SCCO ahead |
| 2025-01-24 | 80.67 | 88.13 | -2.42 | SCCO ahead |
| 2025-01-23 | 82.14 | 88.75 | -2.20 | SCCO ahead |
| 2025-01-22 | 83.40 | 87.99 | -1.68 | SCCO ahead |
| 2025-01-21 | 85.98 | 90.12 | -1.54 | SCCO ahead |
| 2025-01-17 | 85.81 | 89.61 | -1.46 | SCCO ahead |
| 2025-01-16 | 85.41 | 88.97 | -1.41 | SCCO ahead |
| 2025-01-15 | 85.41 | 88.58 | -1.32 | SCCO ahead |
| 2025-01-14 | 84.28 | 87.07 | -1.24 | SCCO ahead |
| 2025-01-13 | 84.08 | 86.53 | -1.16 | SCCO ahead |
| 2025-01-10 | 83.17 | 86.40 | -1.36 | SCCO ahead |
| 2025-01-08 | 84.79 | 87.31 | -1.18 | SCCO ahead |
| 2025-01-07 | 82.65 | 85.64 | -1.31 | SCCO ahead |
| 2025-01-06 | 82.29 | 85.44 | -1.35 | SCCO ahead |
| 2025-01-03 | 80.46 | 84.03 | -1.47 | SCCO ahead |
| 2025-01-02 | 80.82 | 84.16 | -1.42 | SCCO ahead |
| 2024-12-31 | 81.25 | 83.22 | -1.10 | SCCO ahead |
| 2024-12-30 | 81.42 | 83.52 | -1.13 | SCCO ahead |
| 2024-12-27 | 82.91 | 85.12 | -1.15 | SCCO ahead |
| 2024-12-26 | 83.61 | 86.39 | -1.28 | SCCO ahead |
| 2024-12-24 | 83.68 | 86.24 | -1.24 | SCCO ahead |
| 2024-12-23 | 83.74 | 85.45 | -1.06 | SCCO ahead |
| 2024-12-20 | 82.91 | 84.94 | -1.14 | SCCO ahead |
| 2024-12-19 | 81.59 | 84.00 | -1.23 | SCCO ahead |
| 2024-12-18 | 82.59 | 84.89 | -1.21 | SCCO ahead |
| 2024-12-17 | 86.67 | 88.35 | -1.06 | SCCO ahead |
| 2024-12-16 | 86.92 | 88.94 | -1.13 | SCCO ahead |
| 2024-12-13 | 88.73 | 91.32 | -1.24 | SCCO ahead |
| 2024-12-12 | 89.78 | 92.72 | -1.30 | SCCO ahead |
| 2024-12-11 | 91.74 | 94.53 | -1.27 | SCCO ahead |
| 2024-12-10 | 91.04 | 93.63 | -1.24 | SCCO ahead |
| 2024-12-09 | 93.30 | 96.38 | -1.32 | SCCO ahead |
| 2024-12-06 | 89.76 | 91.32 | -1.06 | SCCO ahead |
| 2024-12-05 | 91.30 | 92.35 | -0.97 | SCCO ahead |
| 2024-12-04 | 91.83 | 92.44 | -0.89 | SCCO ahead |
| 2024-12-03 | 93.51 | 92.54 | -0.61 | SCCO ahead |
| 2024-12-02 | 93.11 | 91.37 | -0.47 | near the usual relationship |
| 2024-11-29 | 94.30 | 91.64 | -0.32 | near the usual relationship |
| 2024-11-27 | 93.36 | 91.06 | -0.38 | near the usual relationship |
| 2024-11-26 | 92.77 | 89.99 | -0.31 | near the usual relationship |
| 2024-11-25 | 94.69 | 93.16 | -0.54 | SCCO ahead |
| 2024-11-22 | 93.28 | 91.09 | -0.42 | near the usual relationship |
| 2024-11-21 | 93.36 | 91.95 | -0.56 | SCCO ahead |
| 2024-11-20 | 93.24 | 94.06 | -0.95 | SCCO ahead |
| 2024-11-19 | 94.13 | 94.78 | -0.92 | SCCO ahead |
| 2024-11-18 | 92.92 | 93.00 | -0.84 | SCCO ahead |
| 2024-11-15 | 91.10 | 90.63 | -0.75 | SCCO ahead |
| 2024-11-14 | 92.32 | 91.57 | -0.71 | SCCO ahead |
| 2024-11-13 | 92.00 | 92.23 | -0.88 | SCCO ahead |
| 2024-11-12 | 93.02 | 93.79 | -0.98 | SCCO ahead |
| 2024-11-11 | 95.80 | 95.67 | -0.84 | SCCO ahead |
| 2024-11-08 | 98.91 | 97.82 | -0.69 | SCCO ahead |
| 2024-11-07 | 103.65 | 103.66 | -0.87 | SCCO ahead |
| 2024-11-06 | 100.00 | 100.00 | -0.88 | SCCO ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 3, 2025 (FCX -12.3%, SCCO -8.1%); Sep 24, 2025 (FCX -16.9%, SCCO +8.4%); Apr 23, 2026 (FCX -12.6%, SCCO -2.9%).
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: -9.99% per trade on average after costs, 0 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long FCX · Short SCCO | Feb 2, 2023 | Mar 13, 2023 | divergence stop | 39 | -$914.77 | -$37.40 | -$999.38 (-9.99%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
FCX and SCCO at a glance
FCX Freeport-McMoRan Inc.
- Listing
- NYSE · SEC CIK 831259
- Industry
- Metal Mining · SIC 1000 Metal Mining
- Market value
- $88.7B
- Price history
- 2,534 daily closes, Oct 12, 2016 to Nov 10, 2026
SCCO Southern Copper Corporation
- Listing
- NYSE · SEC CIK 1001838
- Industry
- Metal Mining · SIC 1000 Metal Mining
- Market value
- $146.5B
- 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 →Other rivals of FCX and SCCO
| Pair | Status | Ahead now | Industry |
|---|---|---|---|
| BHP / SCCO | Watchlist | BHP by 1.26 sd | SIC 1000 Metal Mining |
| RIO / FCX | Watchlist | FCX by 0.83 sd | Metal Mining |
| SCCO / RIO | Watchlist | SCCO by 0.45 sd | Metal Mining |
Follow the research behind the paper book
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.
