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Correlation Analysis

Mastercard Incorporated vs Realty Income Corporation

MA vs O

-0.556

Moderate inverse

When one moves up, the other tends to move down.

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

O logo

Realty Income Corporation

O

Realty Income owns roughly 15,500 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 20% of revenue.

Market cap 57.7B · 544 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockFinancialsReal Estate

Time Series

Relative Performance

Green: MAGray: O36 of 1,254 points (sampled)

Who Moves First

O leads MA by 6 days

O tends to move before MA.

After testing 13 timing shifts, the strongest relationship was -0.574 (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

-0.048

11 periods · Return correlation when both series rose

Both Falling

+0.129

9 periods · Return correlation when both series fell

Diverging

-0.677

15 periods · Return correlation when series moved apart

R-Squared

30.9%

Share of variance in one series explained by the other.

Trend Agreement

58.7%

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: [-0.593, -0.516]

Scatter

XY Regression

308.1350400450500550599.544.1845505560657073.82Mastercard IncorporatedRealty Income CorporationData pointsFit (r = -0.556)

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

MA logo

Mastercard Incorporated

MA

Market cap 447.2B

Stock · 1,254 raw → 1,254 prepared

Series B

O logo

Realty Income Corporation

O

Market cap 57.7B · 544 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

1

Estimated crossover points between normalized spreads.

Slope

-0.0404

Linear regression slope.

Intercept

78.8128

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 5 hours ago · ID: stock-ma-vs-stock-o-daily