Correlation Analysis
AST SpaceMobile, Inc. Class A Common Stock vs Walmart Inc. Common Stock
ASTS vs WMT
+0.878
Very strong positive
When one moves up, the other tends to follow.
AST SpaceMobile, Inc. Class A Common Stock
↗ASTS
AST SpaceMobile Inc is currently designing, developing and manufacturing the constellation of BlueBird (BB) satellites and has begun launching its planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.
Market cap 27.7B · 1,126 employees
Walmart Inc. Common Stock
↗WMT
Since its founding in 1962, Walmart has become the world's largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam's Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $680 billion in fiscal 2025 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2025 sales), Walmart International (18%), and Sam's Club (14%). Within the US, nearly 60% of its $465 billion in fiscal 2025 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart's operations are concentrated in Mexico, though it also has budding exposure to India.
Market cap 1T
Time Series
Relative Performance
Who Moves First
WMT leads ASTS by 1 day
WMT tends to move before ASTS.
After testing 13 timing shifts, the strongest relationship was +0.878 (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
-0.122
12 periods · Return correlation when both series rose
Both Falling
+0.943
5 periods · Return correlation when both series fell
Diverging
-0.443
18 periods · Return correlation when series moved apart
R-Squared
77.2%
Share of variance in one series explained by the other.
Trend Agreement
51.7%
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: [0.865, 0.890]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points 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
AST SpaceMobile, Inc. Class A Common Stock
ASTS
Market cap 27.7B · 1,126 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Walmart Inc. Common Stock
WMT
Market cap 1T
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
38
Estimated crossover points between normalized spreads.
Slope
0.8796
Linear regression slope.
Intercept
48.7319
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
ASTS
AST SpaceMobile, Inc. Class A Common Stock
Highest
+0.890
Micron Technology, Inc.
MU · 1,254 data points
Lowest
+0.515
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-asts-vs-stock-wmt-daily