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Correlation Analysis

Apple Inc. vs Corpay, Inc.

AAPL vs CPAY

+0.087

Weak positive

When one moves up, the other tends to follow.

AAPL logo

Apple Inc.

AAPL

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

Market cap 3.8T

CPAY logo

Corpay, Inc.

CPAY

Corpay Inc is a corporate payments company that helps businesses and consumers manage and pay their expenses. The company offers payment and spend management solutions, including accounts payable automation, cross-border payments, commercial card programs, vehicle payment solutions, and lodging payment services. Its reportable segments are: Corporate Payments, Vehicle Payments, Lodging Payments and Other. The majority of the company's revenue is derived from the Vehicle Payments segment, which helps customers to pay for vehicle related expenses. Geographically, it derives the maximum revenue from the United States and the rest from Brazil, the United Kingdom and other countries.

Market cap 20.3B · 11,800 employees

Mar 25, 2024 — Apr 7, 2026Daily510 observationsStockStockTechnology

Who Moves First

AAPL leads CPAY by 6 days

AAPL tends to move before CPAY.

Best correlation after shifting: +0.105 (13 shifts scanned)

Do They Crash Together?

Correlation by Market Regime

How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.

Both Rising

-0.096

10 periods · Return correlation when both series rose

Both Falling

+0.569

5 periods · Return correlation when both series fell

Diverging

-0.777

20 periods · Return correlation when series moved apart

R-Squared

0.7%

Share of variance in one series explained by the other.

Trend Agreement

58.5%

How often both series moved in the same direction period-to-period.

Overlap Quality

510

Robust shared window — 510 usable pairs.

Significance

n.s.

95% CI: [-0.000, 0.172]

Time Series

Rebased to 100

Green: AAPLGray: CPAY36 of 510 points (sampled)

Scatter

XY Regression

160.6180200220240260280287.6241.1260280300320340360380400400.5Apple Inc.Corpay, Inc.Data pointsFit (r = 0.087)

Pipeline

Data quality details

Pipeline Summary

510 paired observations survived the daily window.

Raw input

1,254

510

Normalized

1,254

510

Prepared

1,254

510

Aligned

510

510

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

744

A: 744 / B: 0

Series A

AAPL logo

Apple Inc.

AAPL

Market cap 3.8T

Stock · 1,254 raw → 1,254 prepared

Series B

CPAY logo

Corpay, Inc.

CPAY

Market cap 20.3B · 11,800 employees

Stock · 510 raw → 510 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

13

Estimated crossover points between normalized spreads.

Slope

0.0960

Linear regression slope.

Intercept

295.5429

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 3 hours ago · ID: stock-aapl-vs-stock-cpay-daily-20260408-2jxb6b