Correlation Analysis
The Kraft Heinz Company Common Stock vs Walmart Inc. Common Stock
KHC vs WMT
-0.896
Very strong inverse
When one moves up, the other tends to move down.
The Kraft Heinz Company Common Stock
↗KHC
In July 2015, Kraft merged with Heinz to create one of North America's largest food and beverage manufacturers. Beyond its namesake brands, its portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm also maintains a growing foodservice presence. Outside North America, Kraft Heinz's global reach encompasses a distribution network in Europe and emerging markets, which accounts for around 25% of its consolidated sales base. The company's products are sold in more than 190 countries and territories.
Market cap 27.9B · 35,000 employees
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
Time Series
Relative Performance
Who Moves First
KHC leads WMT by 3 days
KHC tends to move before WMT.
After testing 13 timing shifts, the strongest relationship was -0.897 (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
+0.427
10 periods · Return correlation when both series rose
Both Falling
-0.124
7 periods · Return correlation when both series fell
Diverging
-0.366
18 periods · Return correlation when series moved apart
R-Squared
80.3%
Share of variance in one series explained by the other.
Trend Agreement
56.1%
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: [-0.906, -0.884]
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
The Kraft Heinz Company Common Stock
KHC
Market cap 27.9B · 35,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
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
5
Estimated crossover points between normalized spreads.
Slope
-4.1691
Linear regression slope.
Intercept
209.7450
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
KHC
The Kraft Heinz Company Common Stock
Highest
-0.412
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.903
Broadcom Inc. Common Stock
AVGO · 1,254 data points
Saved 4 hours ago · ID: stock-khc-vs-stock-wmt-daily