Correlation Analysis
Microsoft Corp vs Ball Corporation
MSFT vs BALL
-0.048
Near-zero inverse
When one moves up, the other tends to move down.
Microsoft Corp
↗MSFT
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).
Market cap 2.8T
Ball Corporation
↗BALL
Ball is the world's largest metal can manufacturer with market share over 30% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments-beverage packaging, North and Central America (48% of 2025 revenue), beverage packaging, EMEA (30%), beverage packaging, South America (16%)-and it generated $13 billion in revenue in 2025.
Market cap 15.9B · 16,000 employees
Who Moves First
BALL leads MSFT by 6 days
BALL tends to move before MSFT.
Best correlation after shifting: -0.053 (13 shifts scanned)
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
+0.228
11 periods · Return correlation when both series rose
Both Falling
-0.430
10 periods · Return correlation when both series fell
Diverging
-0.816
14 periods · Return correlation when series moved apart
R-Squared
0.2%
Share of variance in one series explained by the other.
Trend Agreement
56.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
980
Deep shared window — 980 usable pairs.
Significance
n.s.
95% CI: [-0.110, 0.015]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
980 paired observations survived the daily window.
Raw input
1,254
980
Normalized
1,254
980
Prepared
1,254
980
Aligned
980
980
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
274
A: 274 / B: 0
Series A
Microsoft Corp
MSFT
Market cap 2.8T
Stock · 1,254 raw → 1,254 prepared
Series B
Ball Corporation
BALL
Market cap 15.9B · 16,000 employees
Stock · 980 raw → 980 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
16
Estimated crossover points between normalized spreads.
Slope
-0.0037
Linear regression slope.
Intercept
58.5981
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
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