Correlation Analysis
Honeywell International, Inc. vs Oracle Corp
HON vs ORCL
+0.374
Light positive
When one moves up, the other tends to follow.
Honeywell International, Inc.
↗HON
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies, industrial automation, energy and sustainability solutions, and building automation. Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around one third of its revenue from recurring aftermarket services.
Market cap 145.1B · 101,000 employees
Oracle Corp
↗ORCL
Oracle provides enterprise applications and infrastructure offerings through a variety of flexible IT deployment models, including on-premises, cloud-based, and hybrid. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system, which is commonly used by the world's largest companies for high-volume online transaction processing workloads. Besides databases, Oracle also sells enterprise resource planning platforms and cloud infrastructure that play an increasingly important role in large language model training and inferencing.
Market cap 418.6B
Time Series
Relative Performance
Who Moves First
ORCL leads HON by 6 days
ORCL tends to move before HON.
After testing 13 timing shifts, the strongest relationship was +0.378 (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
+0.110
13 periods · Return correlation when both series rose
Both Falling
-0.413
8 periods · Return correlation when both series fell
Diverging
-0.534
14 periods · Return correlation when series moved apart
R-Squared
14.0%
Share of variance in one series explained by the other.
Trend Agreement
61.9%
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: [0.326, 0.421]
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
Honeywell International, Inc.
HON
Market cap 145.1B · 101,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Oracle Corp
ORCL
Market cap 418.6B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
26
Estimated crossover points between normalized spreads.
Slope
1.2657
Linear regression slope.
Intercept
-121.2240
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
HON
Honeywell International, Inc.
Highest
+0.576
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.083
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 5 hours ago · ID: stock-hon-vs-stock-orcl-daily