Correlation Analysis
Constellation Energy Corporation Common Stock vs Walmart Inc. Common Stock
CEG vs WMT
+0.934
Very strong positive
When one moves up, the other tends to follow.
Constellation Energy Corporation Common Stock
↗CEG
Constellation Energy Corp producer of carbon-free energy and a supplier of energy products and services. The company offers generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets. It sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its operating segments and reporting units are Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.
Market cap 99.7B · 15,339 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
CEG leads WMT by 6 days
CEG tends to move before WMT.
After testing 13 timing shifts, the strongest relationship was +0.937 (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
-0.129
17 periods · Return correlation when both series rose
Both Falling
+0.134
7 periods · Return correlation when both series fell
Diverging
-0.838
11 periods · Return correlation when series moved apart
R-Squared
87.2%
Share of variance in one series explained by the other.
Trend Agreement
58.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,047
Deep shared window — 1,047 usable pairs.
Significance
p < 0.001
95% CI: [0.926, 0.941]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,047 paired data points survived the daily window.
Raw input
1,047
1,254
Normalized
1,047
1,254
Prepared
1,047
1,254
Aligned
1,047
1,047
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
207
A: 0 / B: 207
Series A
Constellation Energy Corporation Common Stock
CEG
Market cap 99.7B · 15,339 employees
Stock · 1,047 raw → 1,047 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
13
Estimated crossover points between normalized spreads.
Slope
0.2320
Linear regression slope.
Intercept
29.1897
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CEG
Constellation Energy Corporation Common Stock
Highest
+0.968
JPMorgan Chase & Co.
JPM · 1,047 data points
Lowest
+0.306
Johnson & Johnson
JNJ · 1,047 data points
Saved 6 hours ago · ID: stock-ceg-vs-stock-wmt-daily