Correlation Analysis
Blackstone Inc. vs Mastercard Incorporated
BX vs MA
+0.786
Strong positive
When one moves up, the other tends to follow.
Blackstone Inc.
↗BX
Blackstone is the world's largest alternative-asset manager with $1.275 trillion in total assets under management, including $921.7 billion in fee-earning assets under management, at the end of 2025. The company operates with scale in each of its major product lines: private equity (26% of fee-earning AUM and 33% of base management fees), real estate/real assets (31% and 35%), credit and insurance (34% and 25%), and other alternatives (9% and 7%). While the firm primarily serves institutional investors (84% of AUM), it also caters to clients in the high-net-worth channel (16%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
Market cap 87.2B · 5,285 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
in sync
BX and MA tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.786 (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
+0.181
13 periods · Return correlation when both series rose
Both Falling
+0.696
11 periods · Return correlation when both series fell
Diverging
-0.811
11 periods · Return correlation when series moved apart
R-Squared
61.8%
Share of variance in one series explained by the other.
Trend Agreement
66.4%
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: [0.764, 0.806]
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
Blackstone Inc.
BX
Market cap 87.2B · 5,285 employees
Stock · 1,254 raw → 1,254 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
9
Estimated crossover points between normalized spreads.
Slope
2.3685
Linear regression slope.
Intercept
141.3300
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 5 hours ago · ID: stock-bx-vs-stock-ma-daily