Correlation Analysis
International Business Machines Corporation vs Mastercard Incorporated
IBM vs MA
+0.943
Very strong positive
When one moves up, the other tends to follow.
International Business Machines Corporation
↗IBM
Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBMs products, including Red Hat, watsonx, and mainframes, handle some of the worlds most important data workloads in areas like finance and retail.
Market cap 231.5B
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
MA leads IBM by 5 days
MA tends to move before IBM.
After testing 13 timing shifts, the strongest relationship was +0.943 (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
+0.758
14 periods · Return correlation when both series rose
Both Falling
+0.638
10 periods · Return correlation when both series fell
Diverging
-0.825
11 periods · Return correlation when series moved apart
R-Squared
88.9%
Share of variance in one series explained by the other.
Trend Agreement
63.7%
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: [0.936, 0.949]
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
International Business Machines Corporation
IBM
Market cap 231.5B
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
61
Estimated crossover points between normalized spreads.
Slope
1.3996
Linear regression slope.
Intercept
180.2126
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
IBM
International Business Machines Corporation
Highest
+0.956
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.356
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-ibm-vs-stock-ma-daily