Correlation Analysis
Illumina Inc vs Mastercard Incorporated
ILMN vs MA
-0.654
Strong inverse
When one moves up, the other tends to move down.
Illumina Inc
↗ILMN
Illumina provides tools and services to analyze genetic material with life science and clinical lab applications. The company generates over 90% of its revenue from sequencing instruments, consumables, and services. Illumina's high-throughput technology enables whole genome sequencing in humans and other large organisms. Its lower throughput tools enable applications that require smaller data outputs, such as viral and cancer tumor screening. Illumina also sells microarrays (9% of 2024 sales) that enable lower-cost, focused genetic screening with primarily consumer and agricultural applications.
Market cap 19.5B · 8,650 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
ILMN leads MA by 6 days
ILMN tends to move before MA.
After testing 13 timing shifts, the strongest relationship was -0.662 (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
-0.196
9 periods · Return correlation when both series rose
Both Falling
-0.580
8 periods · Return correlation when both series fell
Diverging
-0.700
18 periods · Return correlation when series moved apart
R-Squared
42.8%
Share of variance in one series explained by the other.
Trend Agreement
62.3%
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: [-0.685, -0.622]
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
Illumina Inc
ILMN
Market cap 19.5B · 8,650 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
1
Estimated crossover points between normalized spreads.
Slope
-0.4910
Linear regression slope.
Intercept
531.7480
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 9 hours ago · ID: stock-ilmn-vs-stock-ma-daily