Correlation Analysis
Expedia Group, Inc. Common Stock vs Mastercard Incorporated
EXPE vs MA
+0.629
Moderate positive
When one moves up, the other tends to follow.
Expedia Group, Inc. Common Stock
↗EXPE
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2025 sales), air tickets (3%), rental cars, cruises, in-destination, and other (9%), and advertising revenue (8%). Expedia operates a number of branded travel booking sites, but its three core online travel agency brands are Expedia, Hotels.com, and alternative accommodations brand Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
Market cap 28.1B · 16,000 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
MA leads EXPE by 6 days
MA tends to move before EXPE.
After testing 13 timing shifts, the strongest relationship was +0.634 (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
+0.179
13 periods · Return correlation when both series rose
Both Falling
+0.392
11 periods · Return correlation when both series fell
Diverging
-0.744
11 periods · Return correlation when series moved apart
R-Squared
39.6%
Share of variance in one series explained by the other.
Trend Agreement
63.1%
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: [0.594, 0.661]
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
Expedia Group, Inc. Common Stock
EXPE
Market cap 28.1B · 16,000 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
30
Estimated crossover points between normalized spreads.
Slope
1.1579
Linear regression slope.
Intercept
254.6716
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
EXPE
Expedia Group, Inc. Common Stock
Highest
+0.778
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.112
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-expe-vs-stock-ma-daily