Correlation Analysis
Apple Inc. vs Expeditors International of Washington, Inc.
AAPL vs EXPD
+0.592
Moderate 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
Expeditors International of Washington, Inc.
↗EXPD
Based in the US, Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. Expeditors derives around 35% of consolidated gross revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.
Market cap 19.3B · 19,800 employees
Time Series
Rebased to 100
Who Moves First
in sync
AAPL and EXPD tend to move at the same time.
Best correlation after shifting: +0.592 (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
-0.389
13 periods · Return correlation when both series rose
Both Falling
-0.308
8 periods · Return correlation when both series fell
Diverging
-0.624
14 periods · Return correlation when series moved apart
R-Squared
35.1%
Share of variance in one series explained by the other.
Trend Agreement
61.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,254
Deep shared window — 1,254 usable pairs.
Significance
p < 0.001
95% CI: [0.555, 0.627]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired observations survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Apple Inc.
AAPL
Market cap 3.8T
Stock · 1,254 raw → 1,254 prepared
Series B
Expeditors International of Washington, Inc.
EXPD
Market cap 19.3B · 19,800 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
35
Estimated crossover points between normalized spreads.
Slope
0.1892
Linear regression slope.
Intercept
82.5638
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AAPL
Apple Inc.
Highest
+0.935
Arista Networks
ANET · 1,254 observations
Lowest
-0.847
Fiserv, Inc. Common Stock
FISV · 644 observations
EXPD
Expeditors International of Washington, Inc.
Highest
+0.755
Micron Technology, Inc.
MU · 1,254 observations
Lowest
+0.272
Exxon Mobil Corporation
XOM · 1,254 observations
Saved 3 hours ago · ID: stock-aapl-vs-stock-expd-daily-20260408-hks0mz