Correlation Analysis
Applovin Corporation Class A Common Stock vs Mastercard Incorporated
APP vs MA
+0.838
Strong positive
When one moves up, the other tends to follow.
Applovin Corporation Class A Common Stock
↗APP
AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max. AppLovin's primary tool for future growth is AXON 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.
Market cap 139.2B · 898 employees
Mastercard Incorporated
↗MA
Mastercard is the second-largest payment processor in the world, having processed close to $11 trillion in volume during 2025. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
Market cap 447.2B
Time Series
Relative Performance
Who Moves First
MA leads APP by 6 days
MA tends to move before APP.
After testing 13 timing shifts, the strongest relationship was +0.845 (they moved in the same direction).
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
+0.186
15 periods · Return correlation when both series rose
Both Falling
+0.785
8 periods · Return correlation when both series fell
Diverging
-0.660
12 periods · Return correlation when series moved apart
R-Squared
70.3%
Share of variance in one series explained by the other.
Trend Agreement
60.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,250
Deep shared window — 1,250 usable pairs.
Significance
p < 0.001
95% CI: [0.821, 0.854]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,250 paired data points survived the daily window.
Raw input
1,250
1,254
Normalized
1,250
1,254
Prepared
1,250
1,254
Aligned
1,250
1,250
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
4
A: 0 / B: 4
Series A
Applovin Corporation Class A Common Stock
APP
Market cap 139.2B · 898 employees
Stock · 1,250 raw → 1,250 prepared
Series B
Mastercard Incorporated
MA
Market cap 447.2B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
29
Estimated crossover points between normalized spreads.
Slope
0.3831
Linear regression slope.
Intercept
370.5198
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
APP
Applovin Corporation Class A Common Stock
Highest
+0.934
JPMorgan Chase & Co.
JPM · 1,250 data points
Lowest
+0.426
Exxon Mobil Corporation
XOM · 1,250 data points
Saved 5 hours ago · ID: stock-app-vs-stock-ma-daily