Correlation Analysis
Energy Transfer LP Common Units representing limited partner interests vs Mastercard Incorporated
ET vs MA
+0.891
Very strong positive
When one moves up, the other tends to follow.
Energy Transfer LP Common Units representing limited partner interests
↗ET
Energy Transfer is a diversified midstream firm, operating from wellhead to consuming demand. It handles natural gas, natural gas liquids, or NGLs, crude oil, and refined products. Commodities are moved through its network of field level gathering and processing to refineries and demand centers. Operations are concentrated in Texas and the Midcontinent United States. It also controls Sunoco and USA Compression through its general partner relationship.
Market cap 65.2B · 22,311 employees
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
Time Series
Relative Performance
Who Moves First
in sync
ET and MA tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.891 (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
+0.075
13 periods · Return correlation when both series rose
Both Falling
+0.771
8 periods · Return correlation when both series fell
Diverging
-0.844
14 periods · Return correlation when series moved apart
R-Squared
79.3%
Share of variance in one series explained by the other.
Trend Agreement
57.8%
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: [0.879, 0.902]
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
Energy Transfer LP Common Units representing limited partner interests
ET
Market cap 65.2B · 22,311 employees
Stock · 1,254 raw → 1,254 prepared
Series B
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
5
Estimated crossover points between normalized spreads.
Slope
23.4935
Linear regression slope.
Intercept
104.9116
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
ET
Energy Transfer LP Common Units representing limited partner interests
Highest
+0.906
Eli Lilly & Co.
LLY · 1,254 data points
Lowest
+0.126
Johnson & Johnson
JNJ · 1,254 data points
Saved 5 hours ago · ID: stock-et-vs-stock-ma-daily