Correlation Analysis
EXAS vs Walmart Inc. Common Stock
EXAS vs WMT
-0.027
Near-zero inverse
When one moves up, the other tends to move down.
EXAS
EXAS
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
EXAS leads WMT by 6 days
EXAS tends to move before WMT.
After testing 13 timing shifts, the strongest relationship was -0.045 (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
+0.350
11 periods · Return correlation when both series rose
Both Falling
+0.093
5 periods · Return correlation when both series fell
Diverging
-0.387
19 periods · Return correlation when series moved apart
R-Squared
0.1%
Share of variance in one series explained by the other.
Trend Agreement
53.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,243
Deep shared window — 1,243 usable pairs.
Significance
n.s.
95% CI: [-0.082, 0.029]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,243 paired data points survived the daily window.
Raw input
1,243
1,254
Normalized
1,243
1,254
Prepared
1,243
1,254
Aligned
1,243
1,243
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11
A: 0 / B: 11
Series A
EXAS
Stock · 1,243 raw → 1,243 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
29
Estimated crossover points between normalized spreads.
Slope
-0.0286
Linear regression slope.
Intercept
68.1656
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-exas-vs-stock-wmt-daily