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Correlation Analysis

Robinhood Markets, Inc. Class A Common Stock vs Walmart Inc. Common Stock

HOOD vs WMT

+0.825

Strong positive

When one moves up, the other tends to follow.

HOOD logo

Robinhood Markets, Inc. Class A Common Stock

HOOD

Robinhood is a diversified financial services provider best known for its retail brokerage platform, which historically caters to a young, risk-seeking clientele that trades heavily on margin and in higher-risk asset classes like options, futures, cryptocurrencies, and more recently, in prediction markets. As those customers' financial needs have begun to mature, Robinhood has rolled out a suite of more conventional products, from retirement accounts to high-yield cash sweep accounts to nascent advisory services (Robinhood Strategies). With $322 billion in customer assets and 27 million active accounts at year-end 2025, the firm has emerged as a significant player in the large and quickly growing US brokerage market.

Market cap 62.8B · 2,900 employees

WMT logo

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

Jul 29, 2021 — Apr 7, 2026Daily1,177 data pointsStockStockConsumer

Time Series

Relative Performance

Green: HOODGray: WMT36 of 1,177 points (sampled)

Who Moves First

WMT leads HOOD by 6 days

WMT tends to move before HOOD.

After testing 13 timing shifts, the strongest relationship was +0.828 (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

+0.257

15 periods · Return correlation when both series rose

Both Falling

+0.286

6 periods · Return correlation when both series fell

Diverging

-0.765

14 periods · Return correlation when series moved apart

R-Squared

68.0%

Share of variance in one series explained by the other.

Trend Agreement

52.7%

How often both series moved in the same direction period-to-period.

Overlap Quality

1,177

Deep shared window — 1,177 usable pairs.

Significance

p < 0.001

95% CI: [0.805, 0.842]

Scatter

XY Regression

-1.1020406080100120140140.134.7406080100120135.8Robinhood Markets, Inc. Class A Common StockWalmart Inc. Common StockData pointsFit (r = 0.825)

Pipeline

Data quality details

Pipeline Summary

1,177 paired data points survived the daily window.

Raw input

1,177

1,254

Normalized

1,177

1,254

Prepared

1,177

1,254

Aligned

1,177

1,177

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

77

A: 0 / B: 77

Series A

HOOD logo

Robinhood Markets, Inc. Class A Common Stock

HOOD

Market cap 62.8B · 2,900 employees

Stock · 1,177 raw → 1,177 prepared

Series B

WMT logo

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

23

Estimated crossover points between normalized spreads.

Slope

0.5609

Linear regression slope.

Intercept

47.9281

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 7 hours ago · ID: stock-hood-vs-stock-wmt-daily