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Correlation Analysis

Microsoft Corp vs Expand Energy Corporation Common Stock

MSFT vs EXE

+0.151

Weak positive

When one moves up, the other tends to follow.

MSFT logo

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

EXE logo

Expand Energy Corporation Common Stock

EXE

Expand Energy is a North American natural gas producer in the Haynesville and Appalachian basins, formed by the combination of Chesapeake and Southwestern. Its largest operation by volume is the Haynesville basin in Louisiana, which is heavily exposed to nearby LNG production. Appalachia benefits from its proximity to population centers in the Northeast and mid-Atlantic regions.

Market cap 24.9B · 1,600 employees

Oct 2, 2024 — Apr 7, 2026Daily378 observationsStockStockTechnology

Who Moves First

in sync

MSFT and EXE tend to move at the same time.

Best correlation after shifting: +0.151 (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

-0.060

11 periods · Return correlation when both series rose

Both Falling

-0.033

9 periods · Return correlation when both series fell

Diverging

-0.752

15 periods · Return correlation when series moved apart

R-Squared

2.3%

Share of variance in one series explained by the other.

Trend Agreement

50.3%

How often both series moved in the same direction period-to-period.

Overlap Quality

378

Robust shared window — 378 usable pairs.

Significance

p < 0.01

95% CI: [0.051, 0.248]

Time Series

Rebased to 100

Green: MSFTGray: EXE36 of 378 points (sampled)

Scatter

XY Regression

358.7400450500550555.180.290100110120124.6Microsoft CorpExpand Energy Corporation Common StockData pointsFit (r = 0.151)

Pipeline

Data quality details

Pipeline Summary

378 paired observations survived the daily window.

Raw input

1,254

378

Normalized

1,254

378

Prepared

1,254

378

Aligned

378

378

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

876

A: 876 / B: 0

Series A

MSFT logo

Microsoft Corp

MSFT

Market cap 2.8T

Stock · 1,254 raw → 1,254 prepared

Series B

EXE logo

Expand Energy Corporation Common Stock

EXE

Market cap 24.9B · 1,600 employees

Stock · 378 raw → 378 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

10

Estimated crossover points between normalized spreads.

Slope

0.0260

Linear regression slope.

Intercept

92.6451

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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