Correlation Analysis
C.H. Robinson Worldwide, Inc. vs Exxon Mobil Corporation
CHRW vs XOM
+0.433
Moderate positive
When one moves up, the other tends to follow.
C.H. Robinson Worldwide, Inc.
↗CHRW
C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (about 60% of net revenue), which reflects mostly truck brokerage but also rail intermodal. Additionally, the firm operates a large air and ocean forwarding division (30%), which has grown organically and via tuck-in acquisitions over the years. The remainder of revenue consists of transportation management services and a legacy produce-sourcing operation.
Market cap 19.9B · 11,855 employees
Exxon Mobil Corporation
↗XOM
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.3 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
Market cap 680.7B
Time Series
Relative Performance
Who Moves First
CHRW leads XOM by 6 days
CHRW tends to move before XOM.
After testing 13 timing shifts, the strongest relationship was +0.436 (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
-0.397
12 periods · Return correlation when both series rose
Both Falling
-0.511
8 periods · Return correlation when both series fell
Diverging
-0.694
15 periods · Return correlation when series moved apart
R-Squared
18.7%
Share of variance in one series explained by the other.
Trend Agreement
59.9%
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: [0.387, 0.477]
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
C.H. Robinson Worldwide, Inc.
CHRW
Market cap 19.9B · 11,855 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Exxon Mobil Corporation
XOM
Market cap 680.7B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
0.4097
Linear regression slope.
Intercept
59.0219
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CHRW
C.H. Robinson Worldwide, Inc.
Highest
+0.864
Johnson & Johnson
JNJ · 1,254 data points
Lowest
+0.392
NetFlix Inc
NFLX · 1,254 data points
Saved 6 hours ago · ID: stock-chrw-vs-stock-xom-daily