Correlation Analysis
Alphabet Inc. Class C Capital Stock vs Permian Resources Corporation
GOOG vs PR
+0.612
Moderate positive
When one moves up, the other tends to follow.
Alphabet Inc. Class C Capital Stock
↗GOOG
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV and YouTube Music, among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform accounts for roughly 10% of Alphabet's revenue. The firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) make up the rest.
Market cap 3.6T · 190,820 employees
Permian Resources Corporation
↗PR
Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization, and development of oil and liquids-rich natural gas assets. The Company's assets and operations are concentrated in the core of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico.
Market cap 17.2B · 515 employees
Time Series
Rebased to 100
Who Moves First
GOOG leads PR by 6 days
GOOG tends to move before PR.
Best correlation after shifting: +0.618 (13 shifts scanned)
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
-0.049
13 periods · Return correlation when both series rose
Both Falling
-0.436
5 periods · Return correlation when both series fell
Diverging
-0.643
17 periods · Return correlation when series moved apart
R-Squared
37.4%
Share of variance in one series explained by the other.
Trend Agreement
55.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
900
Deep shared window — 900 usable pairs.
Significance
p < 0.001
95% CI: [0.569, 0.651]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
900 paired observations survived the daily window.
Raw input
1,254
900
Normalized
1,254
900
Prepared
1,254
900
Aligned
900
900
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
354
A: 354 / B: 0
Series A
Alphabet Inc. Class C Capital Stock
GOOG
Market cap 3.6T · 190,820 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Permian Resources Corporation
PR
Market cap 17.2B · 515 employees
Stock · 900 raw → 900 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
19
Estimated crossover points between normalized spreads.
Slope
0.0251
Linear regression slope.
Intercept
9.0729
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
GOOG
Alphabet Inc. Class C Capital Stock
Highest
+0.948
Amphenol Corporation
APH · 1,254 observations
Lowest
-0.861
Fiserv, Inc. Common Stock
FISV · 644 observations
PR
Permian Resources Corporation
Highest
+0.757
Eli Lilly & Co.
LLY · 900 observations
Lowest
+0.262
Johnson & Johnson
JNJ · 900 observations
Saved 3 hours ago · ID: stock-goog-vs-stock-pr-daily-20260408-1hm3lx