Correlation Analysis
Ball Corporation vs Walmart Inc. Common Stock
BALL vs WMT
-0.149
Weak inverse
When one moves up, the other tends to move down.
Ball Corporation
↗BALL
Ball is the world's largest metal can manufacturer with market share over 30% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments-beverage packaging, North and Central America (48% of 2025 revenue), beverage packaging, EMEA (30%), beverage packaging, South America (16%)-and it generated $13 billion in revenue in 2025.
Market cap 15.9B · 16,000 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
BALL leads WMT by 6 days
BALL tends to move before WMT.
After testing 13 timing shifts, the strongest relationship was -0.158 (they moved in opposite directions).
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
+0.220
16 periods · Return correlation when both series rose
Both Falling
-0.845
6 periods · Return correlation when both series fell
Diverging
-0.358
13 periods · Return correlation when series moved apart
R-Squared
2.2%
Share of variance in one series explained by the other.
Trend Agreement
56.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
980
Deep shared window — 980 usable pairs.
Significance
p < 0.001
95% CI: [-0.210, -0.088]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
980 paired data points survived the daily window.
Raw input
980
1,254
Normalized
980
1,254
Prepared
980
1,254
Aligned
980
980
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
274
A: 0 / B: 274
Series A
Ball Corporation
BALL
Market cap 15.9B · 16,000 employees
Stock · 980 raw → 980 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
5
Estimated crossover points between normalized spreads.
Slope
-0.5723
Linear regression slope.
Intercept
104.7308
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-ball-vs-stock-wmt-daily