Correlation Analysis
Expeditors International of Washington, Inc. vs Mastercard Incorporated
EXPD vs MA
+0.480
Moderate positive
When one moves up, the other tends to follow.
Expeditors International of Washington, Inc.
↗EXPD
Based in the US, Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. Expeditors derives around 35% of consolidated gross revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.
Market cap 19.3B · 19,800 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
EXPD and MA tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.480 (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
-0.131
12 periods · Return correlation when both series rose
Both Falling
-0.093
9 periods · Return correlation when both series fell
Diverging
-0.457
14 periods · Return correlation when series moved apart
R-Squared
23.0%
Share of variance in one series explained by the other.
Trend Agreement
62.2%
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: [0.436, 0.521]
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
Expeditors International of Washington, Inc.
EXPD
Market cap 19.3B · 19,800 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
3.1601
Linear regression slope.
Intercept
58.6662
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
EXPD
Expeditors International of Washington, Inc.
Highest
+0.755
Micron Technology, Inc.
MU · 1,254 data points
Lowest
+0.272
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-expd-vs-stock-ma-daily