Correlation Analysis
Mastercard Incorporated vs Palo Alto Networks, Inc. Common Stock
MA vs PANW
+0.924
Very 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
Palo Alto Networks, Inc. Common Stock
↗PANW
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.
Market cap 131.3B · 17,027 employees
Time Series
Relative Performance
Who Moves First
PANW leads MA by 6 days
PANW tends to move before MA.
After testing 13 timing shifts, the strongest relationship was +0.924 (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
+0.787
14 periods · Return correlation when both series rose
Both Falling
+0.742
5 periods · Return correlation when both series fell
Diverging
-0.741
16 periods · Return correlation when series moved apart
R-Squared
85.4%
Share of variance in one series explained by the other.
Trend Agreement
62.1%
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: [0.916, 0.932]
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
Palo Alto Networks, Inc. Common Stock
PANW
Market cap 131.3B · 17,027 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
26
Estimated crossover points between normalized spreads.
Slope
0.5125
Linear regression slope.
Intercept
-91.3088
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
PANW
Palo Alto Networks, Inc. Common Stock
Highest
+0.953
Meta Platforms, Inc. Class A Common Stock
META · 1,107 data points
Lowest
+0.069
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-ma-vs-stock-panw-daily