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Correlation Analysis

Axon Enterprise, Inc. Common Stock vs Costco Wholesale Corp

AXON vs COST

+0.901

Very strong positive

When one moves up, the other tends to follow.

AXON logo

Axon Enterprise, Inc. Common Stock

AXON

Axon Enterprise Inc is building a public safety operating system by integrating a suite of hardware devices and cloud software solutions. The company's suite includes cloud-hosted digital evidence management solutions, TASER energy devices, drones and robotic security, and training solutions. Its operation comprises of two operating segments, Software and Services, and Connected Devices. The company generates the majority of its revenue from the Connected Devices segment, which is engaged in developing, manufacturing, and selling fully integrated hardware solutions such as conducted energy devices sold under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, and a broad ecosystem of accessories, extended warranties and related hardware products.

Market cap 33.2B · 6,300 employees

COST logo

Costco Wholesale Corp

COST

Founded in 1983, Costco Wholesale now operates a global chain of membership-based warehouse clubs, delivering high-quality goods and services at consistently low prices. As of its most recent fiscal year, Costco operated approximately 910 warehouses, serving more than 80 million members across its three geographic segments: Costco US (approximately 73% of total revenue), Costco Canada (13%), and Costco International (14%).Costco's core value proposition—quality products at unbeatable prices—has yielded consistently strong member renewal rates (93% in the US and Canada and nearly 90% internationally). About 55% of Costco's fiscal 2025 revenue came from its grocery offerings, and another 25% from general merchandise.

Market cap 451.9B

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockConsumer

Time Series

Relative Performance

Green: AXONGray: COST36 of 1,254 points (sampled)

Who Moves First

AXON leads COST by 1 day

AXON tends to move before COST.

After testing 13 timing shifts, the strongest relationship was +0.901 (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

+0.472

13 periods · Return correlation when both series rose

Both Falling

+0.663

6 periods · Return correlation when both series fell

Diverging

-0.686

16 periods · Return correlation when series moved apart

R-Squared

81.2%

Share of variance in one series explained by the other.

Trend Agreement

60.8%

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: [0.890, 0.911]

Scatter

XY Regression

462004006008008043064006008001,0001,134Axon Enterprise, Inc. Common StockCostco Wholesale CorpData pointsFit (r = 0.901)

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

AXON logo

Axon Enterprise, Inc. Common Stock

AXON

Market cap 33.2B · 6,300 employees

Stock · 1,254 raw → 1,254 prepared

Series B

COST logo

Costco Wholesale Corp

COST

Market cap 451.9B

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

43

Estimated crossover points between normalized spreads.

Slope

0.9129

Linear regression slope.

Intercept

386.2880

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 9 hours ago · ID: stock-axon-vs-stock-cost-daily