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Correlation Analysis

DexCom, Inc. vs Mastercard Incorporated

DXCM vs MA

-0.558

Moderate inverse

When one moves up, the other tends to move down.

DXCM logo

DexCom, Inc.

DXCM

DexCom designs and commercializes continuous glucose monitoring systems for diabetic patients. CGM systems serve as an alternative to the traditional blood glucose meter process, and the company is evolving its CGM systems to provide integration with insulin pumps from Insulet and Tandem for automatic insulin delivery. DexCom's CGMs are available through medical equipment distributors as well as retail pharmacies.

Market cap 24.3B · 11,100 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: DXCMGray: MA36 of 1,254 points (sampled)

Who Moves First

MA leads DXCM by 6 days

MA tends to move before DXCM.

After testing 13 timing shifts, the strongest relationship was -0.572 (they moved in opposite directions).

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

+0.496

11 periods · Return correlation when both series rose

Both Falling

-0.096

10 periods · Return correlation when both series fell

Diverging

-0.841

14 periods · Return correlation when series moved apart

R-Squared

31.1%

Share of variance in one series explained by the other.

Trend Agreement

60.7%

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: [-0.595, -0.519]

Scatter

XY Regression

52.16080100120140160164.6308.1350400450500550599.5DexCom, Inc.Mastercard IncorporatedData pointsFit (r = -0.558)

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

DXCM logo

DexCom, Inc.

DXCM

Market cap 24.3B · 11,100 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

19

Estimated crossover points between normalized spreads.

Slope

-1.9663

Linear regression slope.

Intercept

627.7588

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 7 hours ago · ID: stock-dxcm-vs-stock-ma-daily