Correlation Analysis
Mondelez International, Inc. Class A vs Exxon Mobil Corporation
MDLZ vs XOM
+0.120
Weak positive
When one moves up, the other tends to follow.
Mondelez International, Inc. Class A
↗MDLZ
Mondelez has operated independently since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (48% of sales as of the end of fiscal 2025), chocolate (33%), gum/candy (10%), beverage (3%), and cheese and grocery (6%) aisles. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury. The firm derives around one-third of its revenue from developing markets, around 40% from Europe, and more than one-fourth from North America.
Market cap 74.9B · 91,000 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
XOM leads MDLZ by 6 days
XOM tends to move before MDLZ.
After testing 13 timing shifts, the strongest relationship was +0.127 (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
+0.454
8 periods · Return correlation when both series rose
Both Falling
+0.689
6 periods · Return correlation when both series fell
Diverging
-0.618
21 periods · Return correlation when series moved apart
R-Squared
1.4%
Share of variance in one series explained by the other.
Trend Agreement
54.2%
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: [0.065, 0.174]
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
Mondelez International, Inc. Class A
MDLZ
Market cap 74.9B · 91,000 employees
Stock · 1,254 raw → 1,254 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
35
Estimated crossover points between normalized spreads.
Slope
0.5081
Linear regression slope.
Intercept
68.2795
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
MDLZ
Mondelez International, Inc. Class A
Highest
+0.004
Eli Lilly & Co.
LLY · 1,254 data points
Lowest
-0.584
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Saved 6 hours ago · ID: stock-mdlz-vs-stock-xom-daily