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Correlation Analysis

Intuitive Surgical Inc. vs Mastercard Incorporated

ISRG vs MA

+0.922

Very strong positive

When one moves up, the other tends to follow.

ISRG logo

Intuitive Surgical Inc.

ISRG

Intuitive develops, produces, and markets a robotic system for assisting minimally invasive surgery. It also provides the instrumentation, disposable accessories, and warranty services for the system. The company has placed more than 10,000 da Vinci systems in hospitals worldwide, with more than 6,000 installations in the US and a growing number in emerging markets.

Market cap 160.7B · 17,021 employees

MA logo

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

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

Time Series

Relative Performance

Green: ISRGGray: MA36 of 1,254 points (sampled)

Who Moves First

in sync

ISRG and MA tend to move at the same time.

After testing 13 timing shifts, the strongest relationship was +0.922 (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

+0.835

15 periods · Return correlation when both series rose

Both Falling

+0.768

7 periods · Return correlation when both series fell

Diverging

-0.791

13 periods · Return correlation when series moved apart

R-Squared

85.0%

Share of variance in one series explained by the other.

Trend Agreement

65.7%

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: [0.913, 0.930]

Scatter

XY Regression

189200300400500600621308.1350400450500550599.5Intuitive Surgical Inc.Mastercard IncorporatedData pointsFit (r = 0.922)

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

ISRG logo

Intuitive Surgical Inc.

ISRG

Market cap 160.7B · 17,021 employees

Stock · 1,254 raw → 1,254 prepared

Series B

MA logo

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

41

Estimated crossover points between normalized spreads.

Slope

0.6922

Linear regression slope.

Intercept

173.6219

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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