Correlation Analysis
Cisco Systems, Inc. Common Stock (DE) vs Walmart Inc. Common Stock
CSCO vs WMT
+0.837
Strong positive
When one moves up, the other tends to follow.
Cisco Systems, Inc. Common Stock (DE)
↗CSCO
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.
Market cap 317.7B
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
WMT leads CSCO by 2 days
WMT tends to move before CSCO.
After testing 13 timing shifts, the strongest relationship was +0.838 (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
+0.494
17 periods · Return correlation when both series rose
Both Falling
+0.623
6 periods · Return correlation when both series fell
Diverging
-0.802
12 periods · Return correlation when series moved apart
R-Squared
70.1%
Share of variance in one series explained by the other.
Trend Agreement
59.4%
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: [0.820, 0.853]
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
Cisco Systems, Inc. Common Stock (DE)
CSCO
Market cap 317.7B
Stock · 1,254 raw → 1,254 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
15
Estimated crossover points between normalized spreads.
Slope
2.1764
Linear regression slope.
Intercept
-54.2536
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CSCO
Cisco Systems, Inc. Common Stock (DE)
Highest
+0.844
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.326
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-csco-vs-stock-wmt-daily