Pair Parade vs PairTradeScreener: Detailed Comparison
Quick Answer
PairParade is a web-based, streamlined screener for cointegrated US stock pairs designed to get you to a tradeable shortlist quickly. PairTradeScreener (pairtradescreener.com) is a statistical pair analysis platform that emphasizes pair analysis + backtesting with multiple spread/ratio models and offers an API on paid plans. If you want a focused “screen → shortlist → execute” workflow, PairParade will usually feel simpler. If you want a model-driven analysis tool with an API and a low-priced subscription tier, PairTradeScreener may be attractive.
Note: This comparison is educational only (not investment advice). Always verify current pricing/features on the vendor sites.
At a Glance
PairParade
- Best for: fast screening + simple decision-making
- Platform: web app (browser)
- Core workflow: filter cointegrated pairs, inspect metrics, review charts, set alerts
- Data horizon: 10-year historical data (paid plans, as shown in-app)
PairTradeScreener
- Best for: model-based pair analysis + backtesting + API use
- Platform: web app (browser), per website
- Notable: multiple analysis models (ratio/OLS spread/Kalman/relative value), per Pair Analyzer UI
- Plans include: API access, advanced backtesting, 1-year historical data (per pricing)
Feature Comparison (Practical)
| Category | PairParade | PairTradeScreener |
|---|---|---|
| Primary focus | Cointegrated stock-pair screening + trading-ready metrics. | Pair analysis + backtesting with multiple models (per UI). |
| Models / methods | Cointegration-first screening and stability metrics geared to mean reversion. | Includes Ratio model, OLS spread model, Kalman spread model, and Relative Value Directional model (per Pair Analyzer UI). |
| Fundamental alignment (company similarity) | Built-in Similarity Score from company profile language analysis so you can favor pairs where business fundamentals align (and avoid “coincidental” statistical fits). | Not commonly positioned as a core feature; you’ll typically assess company similarity/fundamentals separately. |
| Backtesting | Primarily screening + analysis workflow. | “Advanced backtesting” included in plans (per pricing page). |
| API access | Not positioned as an API-first product. | API access included (per pricing page). |
| Usability / speed to start | Optimized for getting to a shortlist fast. | More “analysis tool” feel; you select stocks and parameters, then run analysis/backtests. |
| Data horizon | 10-year historical data (paid plans, as shown in-app). | 1-year historical data included (per pricing page). |
Tip: If you’re new, prioritize a workflow you can repeat consistently. More models and knobs can help, but they can also slow you down or increase overfitting risk.
Pricing Comparison
| Product | Free tier | Paid pricing | Notes |
|---|---|---|---|
| PairParade | Yes (limited access) | $15/mo Basic, $25/mo Premium | Plans include 10-year historical data and alerts; Premium expands the stock universe (as shown in-app). |
| PairTradeScreener | 14-day trial (per pricing page) | ₹399/mo, ₹899/quarter, ₹2499/year (per pricing page) | Pricing page also shows a currency selector (INR/USD). Verify current currency/amount during checkout. |
PairTradeScreener pricing reference: pairtradescreener.com/pricing
Which Should You Choose?
Choose PairParade if…
- You want a simple screener-first workflow for cointegrated stock pairs.
- You want 10-year historical context and a curated stock universe (plans).
- You prefer fewer knobs and faster shortlisting.
Choose PairTradeScreener if…
- You want a pair analyzer where you pick two stocks and test multiple models.
- You want an API and “advanced backtesting” as a core part of the tool.
- You prefer a low-cost subscription with a 14-day trial (per pricing page).
Try PairParade (Free) and Compare Your Workflow
The best comparison is practical: build a shortlist, check charts/metrics, paper trade one setup, and measure how long it took you to get to a confident decision.