Correlation Analysis
FTAI Aviation Ltd. Common Stock vs Walmart Inc. Common Stock
FTAI vs WMT
+0.953
Very strong positive
When one moves up, the other tends to follow.
FTAI Aviation Ltd. Common Stock
↗FTAI
FTAI Aviation Ltd is an independent engine maintenance platform focused on the CFM56-5B, CFM56-7B, and V2500 aircraft engines, which power the 737NG and A320ceo aircraft. The company repairs and rebuilds engines in its maintenance facilities and with joint venture partners, and sells or leases engines through its proprietary Maintenance, Repair and Exchange (MRE) model under the Aerospace Products segment, which earns maximum revenue from North America and develops, repairs/refurbishes, and sells aircraft engines and aftermarket components. It also operates an Aviation Leasing segment, owning and managing a portfolio of on- and off-lease aircraft and engines, including engine transfers for rebuilding and sales.
Market cap 25.3B · 985 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
FTAI leads WMT by 5 days
FTAI tends to move before WMT.
After testing 13 timing shifts, the strongest relationship was +0.953 (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
+0.820
18 periods · Return correlation when both series rose
Both Falling
+0.599
5 periods · Return correlation when both series fell
Diverging
-0.901
12 periods · Return correlation when series moved apart
R-Squared
90.9%
Share of variance in one series explained by the other.
Trend Agreement
52.9%
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: [0.948, 0.958]
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
FTAI Aviation Ltd. Common Stock
FTAI
Market cap 25.3B · 985 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
11
Estimated crossover points between normalized spreads.
Slope
0.3512
Linear regression slope.
Intercept
40.2702
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
FTAI
FTAI Aviation Ltd. Common Stock
Highest
+0.913
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.552
Johnson & Johnson
JNJ · 1,254 data points
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