Correlation Analysis
Moderna, Inc. Common Stock vs Tesla, Inc. Common Stock
MRNA vs TSLA
-0.333
Light inverse
When one moves up, the other tends to move down.
Moderna, Inc. Common Stock
↗MRNA
Moderna is a commercial-stage biotech that was founded in 2010 and had its initial public offering in December 2018. The firm's mRNA technology was rapidly validated with its covid vaccine, which was authorized in the United States in December 2020. Moderna had 35 mRNA development candidates in clinical studies as of August 2025. Programs span a wide range of therapeutic areas, including infectious disease, oncology, cardiovascular disease, and rare genetic diseases.
Market cap 19.3B · 4,700 employees
Tesla, Inc. Common Stock
↗TSLA
Tesla is a vertically integrated battery electric vehicle automaker and developer of real world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling a sports car and offer a robotaxi service. Global deliveries in 2025 were nearly 1.64 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network and an auto insurance business.
Market cap 1.3T
Time Series
Relative Performance
Who Moves First
TSLA leads MRNA by 6 days
TSLA tends to move before MRNA.
After testing 13 timing shifts, the strongest relationship was -0.350 (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
-0.614
9 periods · Return correlation when both series rose
Both Falling
-0.318
9 periods · Return correlation when both series fell
Diverging
-0.734
17 periods · Return correlation when series moved apart
R-Squared
11.1%
Share of variance in one series explained by the other.
Trend Agreement
60.4%
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: [-0.382, -0.283]
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
Moderna, Inc. Common Stock
MRNA
Market cap 19.3B · 4,700 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
45
Estimated crossover points between normalized spreads.
Slope
-0.3084
Linear regression slope.
Intercept
312.3190
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
MRNA
Moderna, Inc. Common Stock
Highest
-0.108
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.847
Meta Platforms, Inc. Class A Common Stock
META · 1,107 data points
TSLA
Tesla, Inc. Common Stock
Highest
+0.870
Reddit, Inc.
RDDT · 512 data points
Lowest
-0.817
Elevance Health, Inc.
ELV · 947 data points
Saved 6 hours ago · ID: stock-mrna-vs-stock-tsla-daily