RETAIL: Building Materials

The Home Depot Inc. vs The Sherwin-Williams Company

WatchlistHD / SHWPrices through Nov 10, 2026

Why these are rivals: #1 and #3 by market value ($333B vs $82B) in Nasdaq's "RETAIL: Building Materials" industry; SEC SIC 5211 / 5200 (same major group).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: -1.99 (needs <= -2.873 (5% critical value))
Business leadership

HD is the larger business

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

YearHDSHWLarger
2025$164.7B$23.6BHD
2024$159.5B$23.1BHD
2023$152.7B$23.1BHD
2022$157.4B$22.1BHD
2021$151.2B$19.9BHD
2020$132.1B$18.4BHD

HD led in every year with figures for both. Market value: HD $332.9B, SHW $82.4B.

Stock leadership

SHW is ahead now

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

SHW leads HD by 0.48 standard deviations: +2.5% over its usual price ratio. 2 lead switches in the last year.

Price change3 mo6 mo12 mo
HD+2.2%+13.1%-5.4%
SHW-1.3%+14.0%+4.5%
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: 0.78 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.99 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 22.75 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

HD The Home Depot Inc. SHW The Sherwin-Williams CompanyPrice index, 100 = 2024-11-06. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
80100Nov 2024Nov 2025Nov 2026
Spread z-score: HD relative to SHW, against the 252 sessions before each day. Above 0: HD ahead; below 0: SHW ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopNov 2024Nov 2025Nov 2026
Data table (504 sessions)
DateHD indexSHW indexzAhead
2026-11-1090.3893.33-0.48near the usual relationship
2026-11-0991.0094.01-0.49near the usual relationship
2026-11-0688.4490.38-0.29near the usual relationship
2026-11-0590.1091.67-0.21near the usual relationship
2026-11-0491.5295.47-0.69SHW ahead
2026-11-0385.9189.53-0.67SHW ahead
2026-11-0287.8492.55-0.88SHW ahead
2026-10-3084.7687.36-0.48near the usual relationship
2026-10-2984.7186.70-0.36near the usual relationship
2026-10-2881.7784.26-0.49near the usual relationship
2026-10-2782.0185.63-0.74SHW ahead
2026-10-2682.2488.03-1.19SHW ahead
2026-10-2382.3588.53-1.27SHW ahead
2026-10-2284.3990.78-1.29SHW ahead
2026-10-2180.8988.59-1.61SHW ahead
2026-10-2081.1488.25-1.49SHW ahead
2026-10-1979.7987.10-1.56SHW ahead
2026-10-1679.7388.04-1.77SHW ahead
2026-10-1579.3788.49-1.95SHW ahead
2026-10-1476.0985.24-2.05SHW ahead
2026-10-1375.6885.13-2.14SHW ahead
2026-10-1274.8384.10-2.15SHW ahead
2026-10-0974.8683.88-2.11SHW ahead
2026-10-0876.0884.32-1.94SHW ahead
2026-10-0773.5882.74-2.21SHW ahead
2026-10-0673.8284.35-2.52SHW ahead
2026-10-0572.3983.64-2.76SHW ahead
2026-10-0272.8383.92-2.75SHW ahead
2026-10-0172.7384.25-2.88SHW ahead
2026-09-3073.2584.91-2.92SHW ahead
2026-09-2974.1786.79-3.14SHW ahead
2026-09-2874.6487.41-3.19SHW ahead
2026-09-2575.5086.44-2.81SHW ahead
2026-09-2475.2384.15-2.41SHW ahead
2026-09-2376.4085.75-2.49SHW ahead
2026-09-2278.6286.24-2.08SHW ahead
2026-09-2176.5284.39-2.19SHW ahead
2026-09-1877.2484.24-2.00SHW ahead
2026-09-1777.8984.30-1.87SHW ahead
2026-09-1677.8884.43-1.91SHW ahead
2026-09-1578.6684.89-1.85SHW ahead
2026-09-1480.0485.23-1.62SHW ahead
2026-09-1179.5084.92-1.69SHW ahead
2026-09-1078.7183.38-1.55SHW ahead
2026-09-0979.9484.22-1.46SHW ahead
2026-09-0880.7785.65-1.59SHW ahead
2026-09-0482.6787.65-1.61SHW ahead
2026-09-0381.9087.27-1.71SHW ahead
2026-09-0282.0187.00-1.65SHW ahead
2026-09-0182.3486.66-1.52SHW ahead
2026-08-3184.4188.99-1.56SHW ahead
2026-08-2885.0290.58-1.77SHW ahead
2026-08-2784.6190.67-1.90SHW ahead
2026-08-2686.2291.58-1.76SHW ahead
2026-08-2587.0092.05-1.70SHW ahead
2026-08-2486.8891.07-1.54SHW ahead
2026-08-2186.4291.03-1.65SHW ahead
2026-08-2086.1391.12-1.75SHW ahead
2026-08-1988.6592.87-1.58SHW ahead
2026-08-1886.9090.69-1.52SHW ahead
2026-08-1787.0091.92-1.78SHW ahead
2026-08-1487.2594.32-2.24SHW ahead
2026-08-1387.9894.96-2.24SHW ahead
2026-08-1288.4394.61-2.10SHW ahead
2026-08-1191.2795.72-1.73SHW ahead
2026-08-1090.3295.27-1.86SHW ahead
2026-08-0791.5797.11-2.00SHW ahead
2026-08-0690.0095.45-2.02SHW ahead
2026-08-0590.9397.10-2.19SHW ahead
2026-08-0489.6794.97-2.05SHW ahead
2026-08-0387.5593.04-2.14SHW ahead
2026-07-3185.4889.53-1.87SHW ahead
2026-07-3085.8390.57-2.05SHW ahead
2026-07-2987.1090.32-1.70SHW ahead
2026-07-2888.7093.05-1.97SHW ahead
2026-07-2786.5485.96-0.83SHW ahead
2026-07-2485.7483.40-0.40near the usual relationship
2026-07-2383.6181.56-0.46near the usual relationship
2026-07-2285.3484.03-0.66SHW ahead
2026-07-2185.3883.64-0.55SHW ahead
2026-07-2085.7584.99-0.80SHW ahead
2026-07-1787.2587.02-0.93SHW ahead
2026-07-1689.6188.81-0.81SHW ahead
2026-07-1587.9287.28-0.85SHW ahead
2026-07-1486.9686.28-0.84SHW ahead
2026-07-1386.8086.41-0.91SHW ahead
2026-07-1088.4087.72-0.85SHW ahead
2026-07-0987.2287.21-1.01SHW ahead
2026-07-0886.5786.83-1.09SHW ahead
2026-07-0788.8989.90-1.27SHW ahead
2026-07-0690.2991.70-1.37SHW ahead
2026-07-0292.1592.58-1.14SHW ahead
2026-07-0190.3490.89-1.18SHW ahead
2026-06-3090.8190.44-0.97SHW ahead
2026-06-2990.3390.43-1.09SHW ahead
2026-06-2689.8390.37-1.20SHW ahead
2026-06-2588.8389.06-1.13SHW ahead
2026-06-2488.2887.50-0.88SHW ahead
2026-06-2383.5484.81-1.41SHW ahead
2026-06-2284.1083.23-0.86SHW ahead
2026-06-1886.0784.26-0.62SHW ahead
2026-06-1784.3282.42-0.59SHW ahead
2026-06-1686.8084.69-0.55SHW ahead
2026-06-1584.9284.11-0.88SHW ahead
2026-06-1284.5683.34-0.77SHW ahead
2026-06-1183.9483.23-0.89SHW ahead
2026-06-1082.1279.82-0.46near the usual relationship
2026-06-0982.7481.57-0.76SHW ahead
2026-06-0879.7578.68-0.78SHW ahead
2026-06-0580.0280.19-1.12SHW ahead
2026-06-0479.8178.82-0.81SHW ahead
2026-06-0380.5977.87-0.33near the usual relationship
2026-06-0280.2176.96-0.17near the usual relationship
2026-06-0180.0077.45-0.37near the usual relationship
2026-05-2981.6679.80-0.57SHW ahead
2026-05-2882.7180.15-0.38near the usual relationship
2026-05-2781.8481.41-0.95SHW ahead
2026-05-2679.9681.75-1.55SHW ahead
2026-05-2280.6181.18-1.23SHW ahead
2026-05-2180.7981.25-1.20SHW ahead
2026-05-2079.9780.82-1.32SHW ahead
2026-05-1977.8778.55-1.28SHW ahead
2026-05-1877.2079.53-1.76SHW ahead
2026-05-1576.6078.82-1.75SHW ahead
2026-05-1478.3781.21-1.92SHW ahead
2026-05-1377.9080.46-1.87SHW ahead
2026-05-1279.9481.84-1.68SHW ahead
2026-05-1180.1882.13-1.70SHW ahead
2026-05-0881.7483.21-1.57SHW ahead
2026-05-0783.0884.10-1.45SHW ahead
2026-05-0683.1885.00-1.66SHW ahead
2026-05-0581.2282.07-1.41SHW ahead
2026-05-0480.4481.55-1.48SHW ahead
2026-05-0183.3983.52-1.21SHW ahead
2026-04-3084.6684.47-1.12SHW ahead
2026-04-2983.1283.48-1.28SHW ahead
2026-04-2884.7385.17-1.31SHW ahead
2026-04-2785.5688.28-1.93SHW ahead
2026-04-2486.4988.70-1.81SHW ahead
2026-04-2387.5988.69-1.53SHW ahead
2026-04-2287.4288.03-1.41SHW ahead
2026-04-2188.5587.89-1.07SHW ahead
2026-04-2090.3890.33-1.25SHW ahead
2026-04-1789.9790.76-1.47SHW ahead
2026-04-1686.8187.55-1.48SHW ahead
2026-04-1587.2686.37-1.03SHW ahead
2026-04-1488.2487.62-1.12SHW ahead
2026-04-1387.8487.83-1.29SHW ahead
2026-04-1086.8688.28-1.69SHW ahead
2026-04-0987.4488.18-1.52SHW ahead
2026-04-0886.5688.16-1.78SHW ahead
2026-04-0782.0882.46-1.45SHW ahead
2026-04-0684.1183.10-1.04SHW ahead
2026-04-0282.8283.52-1.56SHW ahead
2026-04-0184.8685.55-1.55SHW ahead
2026-03-3184.6884.19-1.22SHW ahead
2026-03-3083.3082.97-1.27SHW ahead
2026-03-2782.8282.83-1.38SHW ahead
2026-03-2684.5783.93-1.19SHW ahead
2026-03-2585.6284.56-1.08SHW ahead
2026-03-2485.2082.39-0.55SHW ahead
2026-03-2385.2082.46-0.57SHW ahead
2026-03-2082.5979.72-0.51SHW ahead
2026-03-1984.5181.52-0.49near the usual relationship
2026-03-1885.2181.98-0.42near the usual relationship
2026-03-1787.9184.23-0.31near the usual relationship
2026-03-1688.2184.76-0.38near the usual relationship
2026-03-1387.3083.99-0.41near the usual relationship
2026-03-1287.2783.44-0.25near the usual relationship
2026-03-1190.3484.77+0.21near the usual relationship
2026-03-1091.9686.76+0.09near the usual relationship
2026-03-0991.0487.57-0.39near the usual relationship
2026-03-0692.1686.64+0.17near the usual relationship
2026-03-0593.1388.11+0.02near the usual relationship
2026-03-0495.0491.32-0.36near the usual relationship
2026-03-0394.4891.62-0.59SHW ahead
2026-03-0295.4893.53-0.85SHW ahead
2026-02-2798.0395.24-0.65SHW ahead
2026-02-2696.5894.69-0.88SHW ahead
2026-02-2596.7093.83-0.63SHW ahead
2026-02-2499.0095.80-0.57SHW ahead
2026-02-2397.0795.68-1.03SHW ahead
2026-02-2098.4294.72-0.45near the usual relationship
2026-02-1997.4893.93-0.48near the usual relationship
2026-02-1898.7596.07-0.72SHW ahead
2026-02-1798.6396.64-0.90SHW ahead
2026-02-13100.6996.89-0.47near the usual relationship
2026-02-12100.4897.86-0.77SHW ahead
2026-02-11100.5996.39-0.38near the usual relationship
2026-02-10100.3495.78-0.29near the usual relationship
2026-02-0998.1094.71-0.57SHW ahead
2026-02-0699.1795.08-0.41near the usual relationship
2026-02-0598.4694.83-0.53SHW ahead
2026-02-0499.7096.90-0.75SHW ahead
2026-02-0398.1394.46-0.53SHW ahead
2026-02-0297.3693.60-0.50SHW ahead
2026-01-3096.4593.15-0.61SHW ahead
2026-01-2995.7493.13-0.79SHW ahead
2026-01-2896.6391.82-0.25near the usual relationship
2026-01-2797.9490.90+0.30near the usual relationship
2026-01-2699.5391.49+0.52HD ahead
2026-01-2398.8291.54+0.33near the usual relationship
2026-01-2298.1192.09+0.02near the usual relationship
2026-01-2199.0493.59-0.14near the usual relationship
2026-01-2096.5991.13-0.11near the usual relationship
2026-01-1697.8993.99-0.51SHW ahead
2026-01-1597.6393.54-0.47near the usual relationship
2026-01-1496.8093.07-0.56SHW ahead
2026-01-1397.7893.50-0.44near the usual relationship
2026-01-1296.5493.93-0.84SHW ahead
2026-01-0996.4692.79-0.58SHW ahead
2026-01-0892.5889.57-0.72SHW ahead
2026-01-0789.8887.05-0.75SHW ahead
2026-01-0689.9489.33-1.32SHW ahead
2026-01-0588.6087.25-1.14SHW ahead
2026-01-0289.0486.11-0.74SHW ahead
2025-12-3188.6085.11-0.60SHW ahead
2025-12-3089.1885.67-0.61SHW ahead
2025-12-2989.4685.42-0.48near the usual relationship
2025-12-2690.0685.48-0.35near the usual relationship
2025-12-2489.4485.45-0.50SHW ahead
2025-12-2388.8385.11-0.57SHW ahead
2025-12-2289.1985.06-0.47near the usual relationship
2025-12-1988.8384.27-0.36near the usual relationship
2025-12-1891.4185.46-0.04near the usual relationship
2025-12-1791.8686.14-0.11near the usual relationship
2025-12-1690.8186.12-0.36near the usual relationship
2025-12-1591.9286.27-0.13near the usual relationship
2025-12-1292.6086.33+0.01near the usual relationship
2025-12-1192.0486.49-0.17near the usual relationship
2025-12-1090.4185.70-0.36near the usual relationship
2025-12-0988.9084.35-0.38near the usual relationship
2025-12-0890.1085.92-0.50SHW ahead
2025-12-0591.3187.49-0.61SHW ahead
2025-12-0490.4288.09-0.97SHW ahead
2025-12-0392.1689.10-0.81SHW ahead
2025-12-0291.1688.64-0.94SHW ahead
2025-12-0192.0189.69-1.00SHW ahead
2025-11-2891.9090.27-1.17SHW ahead
2025-11-2691.5390.19-1.25SHW ahead
2025-11-2590.4090.00-1.49SHW ahead
2025-11-2486.6688.78-2.14SHW ahead
2025-11-2188.4088.53-1.65SHW ahead
2025-11-2085.5886.15-1.79SHW ahead
2025-11-1986.1386.62-1.78SHW ahead
2025-11-1886.6485.06-1.23SHW ahead
2025-11-1792.1985.84-0.02near the usual relationship
2025-11-1493.3087.25-0.12near the usual relationship
2025-11-1394.7789.00-0.21near the usual relationship
2025-11-1295.5690.54-0.41near the usual relationship
2025-11-1196.3690.64-0.24near the usual relationship
2025-11-1095.3889.97-0.30near the usual relationship
2025-11-0795.5689.34-0.09near the usual relationship
2025-11-0695.0387.64+0.22near the usual relationship
2025-11-0596.2688.19+0.37near the usual relationship
2025-11-0498.6490.08+0.44near the usual relationship
2025-11-0397.4290.78-0.01near the usual relationship
2025-10-3197.7490.60+0.11near the usual relationship
2025-10-3097.7391.38-0.09near the usual relationship
2025-10-2997.3490.81-0.04near the usual relationship
2025-10-2899.3393.10-0.15near the usual relationship
2025-10-2799.2088.27+1.03HD ahead
2025-10-2499.5687.73+1.25HD ahead
2025-10-2399.1487.14+1.32HD ahead
2025-10-22100.1587.68+1.42HD ahead
2025-10-21100.6588.89+1.23HD ahead
2025-10-20100.1387.00+1.62HD ahead
2025-10-17100.9186.87+1.85HD ahead
2025-10-1699.7587.06+1.55HD ahead
2025-10-1599.9887.39+1.53HD ahead
2025-10-1499.8388.06+1.33HD ahead
2025-10-1397.6887.24+1.05HD ahead
2025-10-1096.7587.41+0.78HD ahead
2025-10-0997.2587.52+0.87HD ahead
2025-10-0898.8288.66+0.95HD ahead
2025-10-0799.6088.51+1.18HD ahead
2025-10-06100.2588.49+1.35HD ahead
2025-10-03101.7291.04+1.03HD ahead
2025-10-02101.7190.33+1.22HD ahead
2025-10-01102.2389.62+1.54HD ahead
2025-09-30104.3390.95+1.69HD ahead
2025-09-29104.7590.07+2.04HD ahead
2025-09-26105.5989.80+2.34HD ahead
2025-09-25104.9189.33+2.34HD ahead
2025-09-24105.5190.08+2.31HD ahead
2025-09-23105.8090.47+2.30HD ahead
2025-09-22106.0890.99+2.25HD ahead
2025-09-19107.0391.09+2.48HD ahead
2025-09-18107.5091.81+2.42HD ahead
2025-09-17107.3791.98+2.37HD ahead
2025-09-16108.5292.77+2.45HD ahead
2025-09-15108.8493.79+2.27HD ahead
2025-09-12108.8494.58+2.07HD ahead
2025-09-11109.0296.84+1.53HD ahead
2025-09-10106.4093.89+1.70HD ahead
2025-09-09106.9494.92+1.57HD ahead
2025-09-08108.1398.56+0.91HD ahead
2025-09-05107.8797.82+1.04HD ahead
2025-09-04106.0096.07+1.06HD ahead
2025-09-03104.9895.35+1.01HD ahead
2025-09-02104.6294.80+1.08HD ahead
2025-08-29104.7496.09+0.78HD ahead
2025-08-28104.9196.18+0.81HD ahead
2025-08-27105.1296.50+0.78HD ahead
2025-08-26104.9496.25+0.81HD ahead
2025-08-25105.2996.39+0.86HD ahead
2025-08-22106.2997.95+0.70HD ahead
2025-08-21102.4095.57+0.40near the usual relationship
2025-08-20103.4496.43+0.43near the usual relationship
2025-08-19104.8596.64+0.71HD ahead
2025-08-18101.6394.25+0.57HD ahead
2025-08-15102.8395.71+0.49near the usual relationship
2025-08-14103.0896.02+0.47near the usual relationship
2025-08-13104.8496.87+0.68HD ahead
2025-08-12101.9694.05+0.72HD ahead
2025-08-1199.7893.13+0.45near the usual relationship
2025-08-0899.8792.50+0.64HD ahead
2025-08-0799.4391.91+0.69HD ahead
2025-08-0699.6092.12+0.68HD ahead
2025-08-0599.2492.48+0.51HD ahead
2025-08-0498.0691.36+0.52HD ahead
2025-08-0196.2190.20+0.37near the usual relationship
2025-07-3194.6386.91+0.87HD ahead
2025-07-3095.8187.20+1.09HD ahead
2025-07-2997.1688.51+1.08HD ahead
2025-07-2897.1388.29+1.14HD ahead
2025-07-2596.6489.33+0.75HD ahead
2025-07-2496.0789.36+0.59HD ahead
2025-07-2396.9190.07+0.61HD ahead
2025-07-2295.5389.32+0.46near the usual relationship
2025-07-2193.7489.64-0.08near the usual relationship
2025-07-1892.5489.32-0.30near the usual relationship
2025-07-1792.4589.28-0.32near the usual relationship
2025-07-1692.0389.27-0.43near the usual relationship
2025-07-1592.3489.05-0.29near the usual relationship
2025-07-1495.3090.48+0.06near the usual relationship
2025-07-1195.2990.86-0.04near the usual relationship
2025-07-1096.1292.41-0.24near the usual relationship
2025-07-0995.5492.33-0.36near the usual relationship
2025-07-0894.6390.88-0.22near the usual relationship
2025-07-0794.6690.95-0.24near the usual relationship
2025-07-0395.7092.98-0.50SHW ahead
2025-07-0295.7592.59-0.40near the usual relationship
2025-07-0196.0893.32-0.50SHW ahead
2025-06-3094.4090.18-0.13near the usual relationship
2025-06-2794.9590.80-0.17near the usual relationship
2025-06-2693.6089.79-0.24near the usual relationship
2025-06-2593.1790.25-0.46near the usual relationship
2025-06-2492.8090.80-0.69SHW ahead
2025-06-2391.9190.29-0.78SHW ahead
2025-06-2090.0287.59-0.58SHW ahead
2025-06-1889.3687.06-0.62SHW ahead
2025-06-1789.8186.95-0.49near the usual relationship
2025-06-1691.0488.19-0.50SHW ahead
2025-06-1391.3288.22-0.45near the usual relationship
2025-06-1293.5193.56-1.21SHW ahead
2025-06-1192.8193.80-1.44SHW ahead
2025-06-1094.7394.75-1.22SHW ahead
2025-06-0994.0394.02-1.22SHW ahead
2025-06-0694.5893.89-1.07SHW ahead
2025-06-0595.0894.00-0.99SHW ahead
2025-06-0495.8995.14-1.08SHW ahead
2025-06-0396.0693.97-0.77SHW ahead
2025-06-0294.7493.36-0.94SHW ahead
2025-05-3094.8394.24-1.13SHW ahead
2025-05-2994.8393.44-0.95SHW ahead
2025-05-2894.7793.17-0.91SHW ahead
2025-05-2795.3794.38-1.05SHW ahead
2025-05-2393.3992.59-1.10SHW ahead
2025-05-2294.2792.70-0.93SHW ahead
2025-05-2195.4992.96-0.72SHW ahead
2025-05-2097.0994.32-0.67SHW ahead
2025-05-1997.6995.08-0.72SHW ahead
2025-05-1698.0595.48-0.73SHW ahead
2025-05-1597.4994.94-0.74SHW ahead
2025-05-1495.9992.29-0.45near the usual relationship
2025-05-1396.2093.52-0.70SHW ahead
2025-05-1296.9793.81-0.60SHW ahead
2025-05-0993.3992.42-1.10SHW ahead
2025-05-0893.9592.87-1.09SHW ahead
2025-05-0793.4092.34-1.10SHW ahead
2025-05-0692.5492.59-1.38SHW ahead
2025-05-0593.1494.51-1.71SHW ahead
2025-05-0293.8694.46-1.54SHW ahead
2025-05-0192.2692.88-1.56SHW ahead
2025-04-3092.8292.70-1.39SHW ahead
2025-04-2992.4491.44-1.18SHW ahead
2025-04-2891.9087.25-0.24near the usual relationship
2025-04-2592.0787.10-0.17near the usual relationship
2025-04-2492.6087.84-0.23near the usual relationship
2025-04-2391.7787.00-0.22near the usual relationship
2025-04-2291.2687.19-0.39near the usual relationship
2025-04-2189.3284.65-0.21near the usual relationship
2025-04-1791.4287.56-0.45near the usual relationship
2025-04-1689.0987.01-0.90SHW ahead
2025-04-1591.1888.48-0.76SHW ahead
2025-04-1491.9789.57-0.84SHW ahead
2025-04-1191.1188.45-0.78SHW ahead
2025-04-1091.0586.65-0.32near the usual relationship
2025-04-0991.5188.32-0.65SHW ahead
2025-04-0886.3282.34-0.38near the usual relationship
2025-04-0787.9384.79-0.63SHW ahead
2025-04-0491.1287.22-0.46near the usual relationship
2025-04-0391.6489.47-0.92SHW ahead
2025-04-0295.5092.89-0.84SHW ahead
2025-04-0194.1292.08-0.98SHW ahead
2025-03-3194.3791.72-0.83SHW ahead
2025-03-2892.2289.24-0.74SHW ahead
2025-03-2793.4090.79-0.85SHW ahead
2025-03-2693.2490.46-0.81SHW ahead
2025-03-2592.9589.61-0.67SHW ahead
2025-03-2493.6790.01-0.60SHW ahead
2025-03-2190.4287.83-0.86SHW ahead
2025-03-2091.5488.26-0.69SHW ahead
2025-03-1991.0087.97-0.76SHW ahead
2025-03-1890.0188.13-1.06SHW ahead
2025-03-1791.1889.89-1.23SHW ahead
2025-03-1490.4689.77-1.39SHW ahead
2025-03-1389.4189.85-1.70SHW ahead
2025-03-1293.9191.88-1.08SHW ahead
2025-03-1194.8092.72-1.08SHW ahead
2025-03-1096.4793.97-0.99SHW ahead
2025-03-0797.0295.51-1.25SHW ahead
2025-03-0698.2994.58-0.72SHW ahead
2025-03-0599.4895.16-0.59SHW ahead
2025-03-0498.2893.32-0.42near the usual relationship
2025-03-03100.3493.70-0.03near the usual relationship
2025-02-28102.1295.15+0.02near the usual relationship
2025-02-27100.4993.38+0.08near the usual relationship
2025-02-26100.5494.45-0.18near the usual relationship
2025-02-25101.2792.72+0.41near the usual relationship
2025-02-2498.4790.32+0.36near the usual relationship
2025-02-2199.2190.50+0.48near the usual relationship
2025-02-20101.6191.93+0.67HD ahead
2025-02-19101.8292.41+0.59HD ahead
2025-02-18103.8592.71+0.97HD ahead
2025-02-14105.4493.73+1.06HD ahead
2025-02-13106.2094.85+0.95HD ahead
2025-02-12104.8393.37+1.01HD ahead
2025-02-11107.2194.92+1.14HD ahead
2025-02-10106.6094.33+1.15HD ahead
2025-02-07104.8994.70+0.69HD ahead
2025-02-06106.6495.93+0.77HD ahead
2025-02-05106.5595.73+0.79HD ahead
2025-02-04105.9593.92+1.09HD ahead
2025-02-03105.2593.94+0.94HD ahead
2025-01-31106.0894.07+1.08HD ahead
2025-01-30106.7396.01+0.76HD ahead
2025-01-29106.4594.66+1.01HD ahead
2025-01-28107.8495.65+1.07HD ahead
2025-01-27109.4095.65+1.39HD ahead
2025-01-24106.7394.59+1.09HD ahead
2025-01-23106.7094.85+1.02HD ahead
2025-01-22105.6093.96+0.99HD ahead
2025-01-21107.7494.95+1.20HD ahead
2025-01-17105.4192.97+1.18HD ahead
2025-01-16105.4093.02+1.15HD ahead
2025-01-15104.5691.12+1.43HD ahead
2025-01-14101.1489.73+1.03HD ahead
2025-01-13100.2188.28+1.17HD ahead
2025-01-10100.3986.72+1.61HD ahead
2025-01-0899.7088.66+0.97HD ahead
2025-01-0798.9387.83+1.01HD ahead
2025-01-06100.2688.73+1.08HD ahead
2025-01-03100.2188.39+1.15HD ahead
2025-01-02100.0287.51+1.34HD ahead
2024-12-31100.1689.28+0.93HD ahead
2024-12-30100.2788.97+1.04HD ahead
2024-12-27101.1690.17+0.94HD ahead
2024-12-26101.7490.75+0.93HD ahead
2024-12-24102.0091.01+0.92HD ahead
2024-12-23101.0590.57+0.82HD ahead
2024-12-20101.0990.74+0.79HD ahead
2024-12-1999.1489.93+0.56HD ahead
2024-12-18101.4091.58+0.65HD ahead
2024-12-17105.1895.29+0.58HD ahead
2024-12-16105.7595.88+0.56HD ahead
2024-12-13107.3795.74+0.93HD ahead
2024-12-12106.7196.35+0.65HD ahead
2024-12-11108.5097.69+0.72HD ahead
2024-12-10108.8197.60+0.80HD ahead
2024-12-09110.5198.88+0.86HD ahead
2024-12-06111.07101.11+0.48near the usual relationship
2024-12-05109.83101.18+0.21near the usual relationship
2024-12-04110.18102.98-0.11near the usual relationship
2024-12-03110.55103.83-0.22near the usual relationship
2024-12-02109.94103.90-0.36near the usual relationship
2024-11-29110.50104.38-0.35near the usual relationship
2024-11-27110.00103.47-0.27near the usual relationship
2024-11-26110.60104.05-0.27near the usual relationship
2024-11-25110.38104.99-0.51SHW ahead
2024-11-22108.14101.99-0.33near the usual relationship
2024-11-21105.69100.68-0.56SHW ahead
2024-11-20102.9997.62-0.45near the usual relationship
2024-11-19104.7598.10-0.19near the usual relationship
2024-11-18105.6898.59-0.11near the usual relationship
2024-11-15105.1099.54-0.44near the usual relationship
2024-11-14104.47102.03-1.12SHW ahead
2024-11-13105.62101.72-0.82SHW ahead
2024-11-12103.79100.77-1.01SHW ahead
2024-11-11105.13102.24-1.05SHW ahead
2024-11-08104.51101.56-1.04SHW ahead
2024-11-07102.85100.86-1.25SHW ahead
2024-11-06100.00100.00-1.69SHW ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 28, 2025 (HD +0.1%, SHW +5.5%); Nov 18, 2025 (HD -6.0%, SHW -0.9%); Jul 28, 2026 (HD +2.5%, SHW +8.3%). Upcoming earnings: HD Nov 17, 2026 (pre-market).

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: -9.35% per trade on average after costs, 0 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long HD · Short SHWJul 14, 2023Mar 12, 2024divergence stop242-$960.59-$70.61-$935.44 (-9.35%)

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

The companies

HD and SHW at a glance

HD The Home Depot Inc.

Listing
NYSE · SEC CIK 354950
Industry
RETAIL: Building Materials · SIC 5211 Retail-Lumber & Other Building Materials Dealers
Market value
$332.9B
Price history
2,534 daily closes, Oct 12, 2016 to Nov 10, 2026

SHW The Sherwin-Williams Company

Listing
NYSE · SEC CIK 89800
Industry
RETAIL: Building Materials · SIC 5200 Retail-Building Materials, Hardware, Garden Supply
Market value
$82.4B
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
SHW / FASTWatchlistFAST by 1.29 sdSIC 5200 Retail-Building Materials, Hardware, Garden Supply
SHW / TSCOWatchlistSHW by 0.56 sdSIC 5200 Retail-Building Materials, Hardware, Garden Supply
LOW / SHWWatchlistSHW by 0.48 sdRETAIL: Building Materials
HD / LOWWatchlistHD by 0.37 sdRETAIL: Building Materials

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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.