Correlation Analysis
Expand Energy Corporation Common Stock vs Walmart Inc. Common Stock
EXE vs WMT
+0.418
Moderate 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
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
EXE leads WMT by 6 days
EXE tends to move before WMT.
After testing 13 timing shifts, the strongest relationship was +0.448 (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
-0.402
11 periods · Return correlation when both series rose
Both Falling
-0.492
5 periods · Return correlation when both series fell
Diverging
-0.571
19 periods · Return correlation when series moved apart
R-Squared
17.5%
Share of variance in one series explained by the other.
Trend Agreement
52.4%
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: [0.331, 0.498]
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
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
30
Estimated crossover points between normalized spreads.
Slope
0.6319
Linear regression slope.
Intercept
35.2466
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-wmt-daily