Correlation Analysis
GlobalFoundries Inc. Ordinary Shares vs Exxon Mobil Corporation
GFS vs XOM
-0.382
Light inverse
When one moves up, the other tends to move down.
GlobalFoundries Inc. Ordinary Shares
↗GFS
GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates, which remains its controlling shareholder today. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and has about 13,000 staff.
Market cap 23.9B · 14,000 employees
Exxon Mobil Corporation
↗XOM
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.3 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
Market cap 680.7B
Time Series
Relative Performance
Who Moves First
XOM leads GFS by 6 days
XOM tends to move before GFS.
After testing 13 timing shifts, the strongest relationship was -0.394 (they moved in opposite directions).
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
+0.080
10 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.566
21 periods · Return correlation when series moved apart
R-Squared
14.6%
Share of variance in one series explained by the other.
Trend Agreement
57.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,113
Deep shared window — 1,113 usable pairs.
Significance
p < 0.001
95% CI: [-0.431, -0.330]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,113 paired data points survived the daily window.
Raw input
1,113
1,254
Normalized
1,113
1,254
Prepared
1,113
1,254
Aligned
1,113
1,113
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
141
A: 0 / B: 141
Series A
GlobalFoundries Inc. Ordinary Shares
GFS
Market cap 23.9B · 14,000 employees
Stock · 1,113 raw → 1,113 prepared
Series B
Exxon Mobil Corporation
XOM
Market cap 680.7B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
-0.6490
Linear regression slope.
Intercept
139.5019
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
GFS
GlobalFoundries Inc. Ordinary Shares
Highest
-0.197
Johnson & Johnson
JNJ · 1,113 data points
Lowest
-0.807
Mastercard Incorporated
MA · 1,113 data points
Saved 7 hours ago · ID: stock-gfs-vs-stock-xom-daily