Correlation Analysis
Mastercard Incorporated vs Cloudflare, Inc. Class A common stock, par value $0.001 per share
MA vs NET
+0.657
Strong positive
When one moves up, the other tends to follow.
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
Cloudflare, Inc. Class A common stock, par value $0.001 per share
↗NET
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, builds on this infrastructure by enabling clients to deploy and run code without the need to manage or maintain servers.
Market cap 74.5B · 5,156 employees
Time Series
Relative Performance
Who Moves First
MA leads NET by 6 days
MA tends to move before NET.
After testing 13 timing shifts, the strongest relationship was +0.667 (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
+0.785
12 periods · Return correlation when both series rose
Both Falling
+0.500
9 periods · Return correlation when both series fell
Diverging
-0.662
14 periods · Return correlation when series moved apart
R-Squared
43.2%
Share of variance in one series explained by the other.
Trend Agreement
59.7%
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: [0.624, 0.687]
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
Mastercard Incorporated
MA
Market cap 447.2B
Stock · 1,254 raw → 1,254 prepared
Series B
Cloudflare, Inc. Class A common stock, par value $0.001 per share
NET
Market cap 74.5B · 5,156 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
22
Estimated crossover points between normalized spreads.
Slope
0.4049
Linear regression slope.
Intercept
-67.6444
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
MA
Mastercard Incorporated
Highest
+0.987
VISA Inc.
V · 1,254 data points
Lowest
-0.898
United Parcel Service, Inc. Class B
UPS · 1,254 data points
NET
Cloudflare, Inc. Class A common stock, par value $0.001 per share
Highest
+0.826
NetFlix Inc
NFLX · 1,254 data points
Lowest
+0.136
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-ma-vs-stock-net-daily