Correlation Analysis
Coterra Energy Inc. vs Walmart Inc. Common Stock
CTRA vs WMT
+0.109
Weak positive
When one moves up, the other tends to follow.
Coterra Energy Inc.
↗CTRA
Coterra Energy Inc is an independent oil and gas company engaged in the development, exploration, and production of oil, natural gas, and natural gas liquids (NGLs). Its operations are mainly concentrated in areas with hydrocarbon resources, which are conducive to multi-well, repeatable development programs, and include the Permian Basin located in Texas and New Mexico, the Marcellus Shale in northeast Pennsylvania, and the Anadarko Basin located in the mid-continent region in Oklahoma. The company operates in one segment, oil and natural gas development, exploration, and production, in the continental U.S.
Market cap 26.3B · 1,075 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
in sync
CTRA and WMT tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.109 (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
+0.407
12 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.671
19 periods · Return correlation when series moved apart
R-Squared
1.2%
Share of variance in one series explained by the other.
Trend Agreement
55.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,131
Deep shared window — 1,131 usable pairs.
Significance
p < 0.001
95% CI: [0.051, 0.166]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,131 paired data points survived the daily window.
Raw input
1,131
1,254
Normalized
1,131
1,254
Prepared
1,131
1,254
Aligned
1,131
1,131
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
123
A: 0 / B: 123
Series A
Coterra Energy Inc.
CTRA
Market cap 26.3B · 1,075 employees
Stock · 1,131 raw → 1,131 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
3
Estimated crossover points between normalized spreads.
Slope
0.9559
Linear regression slope.
Intercept
43.8335
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-ctra-vs-stock-wmt-daily