Correlation Analysis
International Flavors & Fragrances Inc. vs Tesla, Inc. Common Stock
IFF vs TSLA
-0.216
Light inverse
When one moves up, the other tends to move down.
International Flavors & Fragrances Inc.
↗IFF
International Flavors & Fragrances is the largest specialty ingredients producer globally. It sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. Through its taste and scent segments, which each generate around 25% of profits, IFF is a leading flavor and fragrances producer. The health and biosciences business, which generates 30% of profits, is a global leader in probiotics and enzymes. The remaining profits come from the food ingredients business, which sells texturants, plant-based proteins, and other ingredients, though IFF plans to divest this business in the future.
Market cap 18.3B · 21,500 employees
Tesla, Inc. Common Stock
↗TSLA
Tesla is a vertically integrated battery electric vehicle automaker and developer of real world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling a sports car and offer a robotaxi service. Global deliveries in 2025 were nearly 1.64 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network and an auto insurance business.
Market cap 1.3T
Time Series
Relative Performance
Who Moves First
TSLA leads IFF by 6 days
TSLA tends to move before IFF.
After testing 13 timing shifts, the strongest relationship was -0.222 (they moved in opposite directions).
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
-0.312
8 periods · Return correlation when both series rose
Both Falling
+0.305
7 periods · Return correlation when both series fell
Diverging
-0.610
20 periods · Return correlation when series moved apart
R-Squared
4.7%
Share of variance in one series explained by the other.
Trend Agreement
57.2%
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: [-0.268, -0.163]
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 Flavors & Fragrances Inc.
IFF
Market cap 18.3B · 21,500 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
53
Estimated crossover points between normalized spreads.
Slope
-0.6607
Linear regression slope.
Intercept
338.7763
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
IFF
International Flavors & Fragrances Inc.
Highest
-0.097
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.814
Exxon Mobil Corporation
XOM · 1,254 data points
TSLA
Tesla, Inc. Common Stock
Highest
+0.870
Reddit, Inc.
RDDT · 512 data points
Lowest
-0.817
Elevance Health, Inc.
ELV · 947 data points
Saved 7 hours ago · ID: stock-iff-vs-stock-tsla-daily