Correlation Analysis
GE Vernova Inc. vs Walmart Inc. Common Stock
GEV vs WMT
+0.936
Very strong positive
When one moves up, the other tends to follow.
GE Vernova Inc.
↗GEV
GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.
Market cap 241.3B · 75,000 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
in sync
GEV and WMT tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.936 (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
+0.037
17 periods · Return correlation when both series rose
Both Falling
+0.588
5 periods · Return correlation when both series fell
Diverging
-0.597
13 periods · Return correlation when series moved apart
R-Squared
87.7%
Share of variance in one series explained by the other.
Trend Agreement
56.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
505
Robust shared window — 505 usable pairs.
Significance
p < 0.001
95% CI: [0.925, 0.946]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
505 paired data points survived the daily window.
Raw input
505
1,254
Normalized
505
1,254
Prepared
505
1,254
Aligned
505
505
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
749
A: 0 / B: 749
Series A
GE Vernova Inc.
GEV
Market cap 241.3B · 75,000 employees
Stock · 505 raw → 505 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
3
Estimated crossover points between normalized spreads.
Slope
0.0799
Linear regression slope.
Intercept
58.4535
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 4 hours ago · ID: stock-gev-vs-stock-wmt-daily