Correlation Analysis
Expedia Group, Inc. Common Stock vs Walmart Inc. Common Stock
EXPE vs WMT
+0.721
Strong 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
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
WMT leads EXPE by 6 days
WMT tends to move before EXPE.
After testing 13 timing shifts, the strongest relationship was +0.724 (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
+0.546
13 periods · Return correlation when both series rose
Both Falling
+0.669
5 periods · Return correlation when both series fell
Diverging
-0.795
17 periods · Return correlation when series moved apart
R-Squared
52.0%
Share of variance in one series explained by the other.
Trend Agreement
54.9%
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: [0.694, 0.747]
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
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
28
Estimated crossover points between normalized spreads.
Slope
0.3813
Linear regression slope.
Intercept
8.2209
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 5 hours ago · ID: stock-expe-vs-stock-wmt-daily