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Correlation Analysis

Dell Technologies Inc. vs Mastercard Incorporated

DELL vs MA

+0.871

Very strong positive

When one moves up, the other tends to follow.

DELL logo

Dell Technologies Inc.

DELL

Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It focuses on premium and commercial personal computers, as well as enterprise on-premises data center hardware. It holds top-three shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners and also relies heavily on channel partners to fulfill its sales.

Market cap 111.8B · 97,000 employees

MA logo

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

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockFinancials

Time Series

Relative Performance

Green: DELLGray: MA36 of 1,254 points (sampled)

Who Moves First

MA leads DELL by 6 days

MA tends to move before DELL.

After testing 13 timing shifts, the strongest relationship was +0.872 (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

+0.406

11 periods · Return correlation when both series rose

Both Falling

+0.807

9 periods · Return correlation when both series fell

Diverging

-0.677

15 periods · Return correlation when series moved apart

R-Squared

75.8%

Share of variance in one series explained by the other.

Trend Agreement

61.7%

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: [0.857, 0.884]

Scatter

XY Regression

27.3406080100120140160180188.8308.1350400450500550599.5Dell Technologies Inc.Mastercard IncorporatedData pointsFit (r = 0.871)

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

DELL logo

Dell Technologies Inc.

DELL

Market cap 111.8B · 97,000 employees

Stock · 1,254 raw → 1,254 prepared

Series B

MA logo

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

26

Estimated crossover points between normalized spreads.

Slope

1.9578

Linear regression slope.

Intercept

271.0124

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 5 hours ago · ID: stock-dell-vs-stock-ma-daily