Correlation Analysis
Lumentum Holdings Inc. Common Stock vs Exxon Mobil Corporation
LITE vs XOM
+0.448
Moderate positive
When one moves up, the other tends to follow.
Lumentum Holdings Inc. Common Stock
↗LITE
Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are Optical Communications and Commercial Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules, and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.
Market cap 55.1B · 10,562 employees
Exxon Mobil Corporation
↗XOM
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.3 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
Market cap 680.7B
Time Series
Relative Performance
Who Moves First
in sync
LITE and XOM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.448 (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
+0.625
9 periods · Return correlation when both series rose
Both Falling
-0.244
8 periods · Return correlation when both series fell
Diverging
-0.636
18 periods · Return correlation when series moved apart
R-Squared
20.0%
Share of variance in one series explained by the other.
Trend Agreement
54.6%
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: [0.402, 0.491]
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
Lumentum Holdings Inc. Common Stock
LITE
Market cap 55.1B · 10,562 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Exxon Mobil Corporation
XOM
Market cap 680.7B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
6
Estimated crossover points between normalized spreads.
Slope
0.0810
Linear regression slope.
Intercept
92.8332
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
LITE
Lumentum Holdings Inc. Common Stock
Highest
+0.915
Micron Technology, Inc.
MU · 1,254 data points
Lowest
+0.260
Microsoft Corp
MSFT · 1,254 data points
Saved 6 hours ago · ID: stock-lite-vs-stock-xom-daily