Correlation Analysis
Mastercard Incorporated vs The Sherwin-Williams Company
MA vs SHW
+0.815
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
The Sherwin-Williams Company
↗SHW
Sherwin-Williams is the largest provider of architectural paint in the United States. The company has over 4,800 stores and sells premium paint at higher price points than most competitors. Sherwin-Williams also sells paint-related products in big-box stores and provides coatings for original equipment manufacturers.
Market cap 78.3B · 64,249 employees
Time Series
Relative Performance
Who Moves First
in sync
MA and SHW tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.815 (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
+0.239
13 periods · Return correlation when both series rose
Both Falling
+0.465
11 periods · Return correlation when both series fell
Diverging
-0.763
11 periods · Return correlation when series moved apart
R-Squared
66.5%
Share of variance in one series explained by the other.
Trend Agreement
65.5%
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: [0.796, 0.833]
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
The Sherwin-Williams Company
SHW
Market cap 78.3B · 64,249 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
55
Estimated crossover points between normalized spreads.
Slope
0.4634
Linear regression slope.
Intercept
98.4958
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-ma-vs-stock-shw-daily