Correlation Analysis
Expand Energy Corporation Common Stock vs Mastercard Incorporated
EXE vs MA
+0.262
Light positive
When one moves up, the other tends to follow.
Expand Energy Corporation Common Stock
↗EXE
Expand Energy is a North American natural gas producer in the Haynesville and Appalachian basins, formed by the combination of Chesapeake and Southwestern. Its largest operation by volume is the Haynesville basin in Louisiana, which is heavily exposed to nearby LNG production. Appalachia benefits from its proximity to population centers in the Northeast and mid-Atlantic regions.
Market cap 24.9B · 1,600 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
EXE and MA tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.262 (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
-0.147
12 periods · Return correlation when both series rose
Both Falling
+0.631
9 periods · Return correlation when both series fell
Diverging
-0.629
14 periods · Return correlation when series moved apart
R-Squared
6.9%
Share of variance in one series explained by the other.
Trend Agreement
50.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
378
Robust shared window — 378 usable pairs.
Significance
p < 0.001
95% CI: [0.165, 0.353]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
378 paired data points survived the daily window.
Raw input
378
1,254
Normalized
378
1,254
Prepared
378
1,254
Aligned
378
378
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
876
A: 0 / B: 876
Series A
Expand Energy Corporation Common Stock
EXE
Market cap 24.9B · 1,600 employees
Stock · 378 raw → 378 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
16
Estimated crossover points between normalized spreads.
Slope
0.8705
Linear regression slope.
Intercept
454.7622
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
EXE
Expand Energy Corporation Common Stock
Highest
+0.532
VISA Inc.
V · 378 data points
Lowest
+0.058
Exxon Mobil Corporation
XOM · 378 data points
Saved 7 hours ago · ID: stock-exe-vs-stock-ma-daily