BWINVSFRMEP• 28 Days (Normalized)
BWIN vs FRMEP (The Baldwin Insurance Group Inc. vs First Merchants Corporation Depository Shares)
Showing Closing Date Range from Aug, 18 to Sep, 15, 2026.
Normalized cumulative comparison anchored at 0.00% baseline to illustrate pure alpha, return divergence, and market momentum.
BWIN Performance $32.49
+7.58%
The Baldwin Insurance Group Inc.
Normalized Baseline0.00%
FRMEP Performance $25.22
-0.12%
First Merchants Corporation Depository Shares
Normalized Baseline0.00%
Alpha Spread Margin BWIN LEADS
+7.7%
BWIN outperforming by 7.70%
BWINFRMEP
Spread Trajectory28 Days (Normalized)
Cumulative Performance Trajectory
Interactive divergence comparison normalized at 0.00% on start date.
BWIN FRMEP
Comparative Historical Ledger
Daily closing prices, normalized percentages, and relative spread divergence.
Historical Quotes & Breakdown(20 dates)
| Date | BWIN Price | BWIN Gain (%) | FRMEP Price | FRMEP Gain (%) | Spread |
|---|---|---|---|---|---|
| Sep 15, 2026 | $32.49 | +7.58% | $25.22 | -0.12% | +7.70% |
| Sep 14, 2026 | $32.00 | +5.96% | $25.04 | -0.83% | +6.79% |
| Sep 11, 2026 | $29.65 | -1.82% | $25.15 | -0.40% | -1.42% |
| Sep 10, 2026 | $29.39 | -2.68% | $25.15 | -0.40% | -2.28% |
| Sep 09, 2026 | $28.23 | -6.52% | $25.04 | -0.83% | -5.69% |
| Sep 08, 2026 | $29.71 | -1.62% | $25.04 | -0.83% | -0.79% |
| Sep 04, 2026 | $30.88 | +2.25% | $25.00 | -0.99% | +3.24% |
| Sep 03, 2026 | $31.22 | +3.38% | $25.00 | -0.99% | +4.37% |
| Sep 02, 2026 | $31.01 | +2.68% | $25.00 | -0.99% | +3.67% |
| Sep 01, 2026 | $30.26 | +0.20% | $24.89 | -1.43% | +1.63% |
| Aug 31, 2026 | $30.85 | +2.15% | $25.25 | +0.00% | +2.15% |
| Aug 28, 2026 | $30.68 | +1.59% | $25.25 | +0.00% | +1.59% |
| Aug 27, 2026 | $30.16 | -0.13% | $25.25 | +0.00% | -0.13% |
| Aug 26, 2026 | $30.41 | +0.70% | $25.11 | -0.55% | +1.25% |
| Aug 25, 2026 | $30.91 | +2.35% | $25.11 | -0.55% | +2.90% |
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