Correlation Analysis
Live Nation Entertainment Inc. vs Exxon Mobil Corporation
LYV vs XOM
+0.368
Light positive
When one moves up, the other tends to follow.
Live Nation Entertainment Inc.
↗LYV
Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 51 countries, Live Nation promotes concerts globally and it owned, operated, or had exclusive booking rights to more than 400 venues worldwide at the end of 2025, which the firm says makes it the second-largest operator of music venues globally. In 2025, Live Nation promoted nearly 55,000 events, drawing roughly 160 million fans. Ticketmaster is a dominant global ticketing service, selling nearly 650 million tickets in 2025.
Market cap 37.6B · 17,700 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
LYV and XOM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.368 (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
-0.107
11 periods · Return correlation when both series rose
Both Falling
-0.393
7 periods · Return correlation when both series fell
Diverging
-0.698
17 periods · Return correlation when series moved apart
R-Squared
13.6%
Share of variance in one series explained by the other.
Trend Agreement
56.3%
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: [0.320, 0.415]
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
Live Nation Entertainment Inc.
LYV
Market cap 37.6B · 17,700 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
15
Estimated crossover points between normalized spreads.
Slope
0.3007
Linear regression slope.
Intercept
69.5984
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
LYV
Live Nation Entertainment Inc.
Highest
+0.887
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.404
Johnson & Johnson
JNJ · 1,254 data points
Saved 4 hours ago · ID: stock-lyv-vs-stock-xom-daily