Correlation Analysis
Medline Inc. Class A common stock vs Exxon Mobil Corporation
MDLN vs XOM
+0.287
Light positive
When one moves up, the other tends to follow.
Medline Inc. Class A common stock
↗MDLN
Medline is the largest medical-surgical products and supply chain solutions provider in the US. The company generates over 90% of its revenue domestically and serves some of the largest US health systems. Medline offers approximately 190,000 Medline-branded products across more than 250 product families—including front line care, surgical solutions, and laboratory and diagnostics—as well as roughly 150,000 third-party products sourced from over 1,250 vendors. The company maintains prime vendor relationships with many customers, acting as the primary consolidated logistics partner for their medical-surgical needs. Medline has significant scale, supported by more than 30 manufacturing facilities and a fleet of over 2,000 owned delivery trucks. Medline went public in December 2025.
Market cap 35.6B · 45,000 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
MDLN leads XOM by 2 days
MDLN tends to move before XOM.
After testing 13 timing shifts, the strongest relationship was +0.304 (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
-0.188
12 periods · Return correlation when both series rose
Both Falling
-0.154
5 periods · Return correlation when both series fell
Diverging
-0.634
18 periods · Return correlation when series moved apart
R-Squared
8.2%
Share of variance in one series explained by the other.
Trend Agreement
45.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
75
Thin shared window — 75 usable pairs.
Significance
p < 0.05
95% CI: [0.064, 0.482]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
75 paired data points survived the daily window.
Raw input
75
1,254
Normalized
75
1,254
Prepared
75
1,254
Aligned
75
75
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,179
A: 0 / B: 1179
Series A
Medline Inc. Class A common stock
MDLN
Market cap 35.6B · 45,000 employees
Stock · 75 raw → 75 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
5
Estimated crossover points between normalized spreads.
Slope
1.8719
Linear regression slope.
Intercept
61.0529
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
MDLN
Medline Inc. Class A common stock
Highest
+0.529
Johnson & Johnson
JNJ · 75 data points
Lowest
-0.600
NetFlix Inc
NFLX · 75 data points
Saved 7 hours ago · ID: stock-mdln-vs-stock-xom-daily