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Correlation Analysis

Interactive Brokers Group, Inc. Class A Common Stock vs Walmart Inc. Common Stock

IBKR vs WMT

+0.976

Very strong positive

When one moves up, the other tends to follow.

IBKR logo

Interactive Brokers Group, Inc. Class A Common Stock

IBKR

Interactive Brokers is a large, automated, retail and institutional brokerage that boasted nearly $780 billion in customer equity at the end of 2025. The company cut its teeth as a market maker, introducing US financial markets to automated and algorithmic training before expanding into brokerage services in 1993. The firm has a wide-ranging client base, with its best-in-class order execution and extremely low margin lending rates catering to a sophisticated audience of hedge funds, proprietary traders, and introducing brokers that account for about 45% of the firm's commissions. With operations spanning more than 160 electronic exchanges, 36 countries, and 28 currencies, Interactive Brokers caters to a global clientele, with more than 80% of active accounts sitting outside the US.

Market cap 30.6B · 3,182 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

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockConsumer

Time Series

Relative Performance

Green: IBKRGray: WMT36 of 1,254 points (sampled)

Who Moves First

in sync

IBKR and WMT tend to move at the same time.

After testing 13 timing shifts, the strongest relationship was +0.976 (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

+0.687

18 periods · Return correlation when both series rose

Both Falling

+0.859

7 periods · Return correlation when both series fell

Diverging

-0.592

10 periods · Return correlation when series moved apart

R-Squared

95.3%

Share of variance in one series explained by the other.

Trend Agreement

54.0%

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: [0.973, 0.979]

Scatter

XY Regression

9.41020304050607077.834.7406080100120140141Interactive Brokers Group, Inc. Class A Common StockWalmart Inc. Common StockData pointsFit (r = 0.976)

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

IBKR logo

Interactive Brokers Group, Inc. Class A Common Stock

IBKR

Market cap 30.6B · 3,182 employees

Stock · 1,254 raw → 1,254 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

19

Estimated crossover points between normalized spreads.

Slope

1.3097

Linear regression slope.

Intercept

25.4999

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 4 hours ago · ID: stock-ibkr-vs-stock-wmt-daily