Correlation Analysis
Apple Inc. vs Corpay, Inc.
AAPL vs CPAY
+0.087
Weak positive
When one moves up, the other tends to follow.
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
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
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
Scatter
XY Regression
Pipeline
Data quality details
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
Apple Inc.
AAPL
Market cap 3.8T
Stock · 1,254 raw → 1,254 prepared
Series B
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