Correlation Analysis
Hewlett Packard Enterprise Company vs Mastercard Incorporated
HPE vs MA
+0.809
Strong positive
When one moves up, the other tends to follow.
Hewlett Packard Enterprise Company
↗HPE
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company. Its portfolio enables hybrid clouds and hyperconverged infrastructure.
Market cap 32.6B · 67,000 employees
Mastercard Incorporated
↗MA
Mastercard is the second-largest payment processor in the world, having processed close to $11 trillion in volume during 2025. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
Market cap 447.2B
Time Series
Relative Performance
Who Moves First
in sync
HPE and MA tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.809 (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
+0.468
15 periods · Return correlation when both series rose
Both Falling
+0.863
9 periods · Return correlation when both series fell
Diverging
-0.812
11 periods · Return correlation when series moved apart
R-Squared
65.4%
Share of variance in one series explained by the other.
Trend Agreement
60.1%
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: [0.789, 0.827]
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
Hewlett Packard Enterprise Company
HPE
Market cap 32.6B · 67,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Mastercard Incorporated
MA
Market cap 447.2B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
22.2425
Linear regression slope.
Intercept
42.9518
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
HPE
Hewlett Packard Enterprise Company
Highest
+0.862
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.365
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-hpe-vs-stock-ma-daily