Correlation Analysis
EXAS vs Exxon Mobil Corporation
EXAS vs XOM
-0.369
Light inverse
When one moves up, the other tends to move down.
EXAS
EXAS
Exxon Mobil Corporation
↗XOM
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.3 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
Market cap 680.7B
Time Series
Relative Performance
Who Moves First
EXAS leads XOM by 6 days
EXAS tends to move before XOM.
After testing 13 timing shifts, the strongest relationship was -0.382 (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
-0.644
8 periods · Return correlation when both series rose
Both Falling
-0.682
9 periods · Return correlation when both series fell
Diverging
-0.689
18 periods · Return correlation when series moved apart
R-Squared
13.6%
Share of variance in one series explained by the other.
Trend Agreement
55.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,243
Deep shared window — 1,243 usable pairs.
Significance
p < 0.001
95% CI: [-0.416, -0.320]
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
Exxon Mobil Corporation
XOM
Market cap 680.7B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
-0.3511
Linear regression slope.
Intercept
125.0866
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 4 hours ago · ID: stock-exas-vs-stock-xom-daily