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Correlation Analysis

Nvidia Corp vs Texas Pacific Land Corporation

NVDA vs TPL

+0.759

Strong positive

When one moves up, the other tends to follow.

NVDA logo

Nvidia Corp

NVDA

Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence to run large language models. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.

Market cap 4.3T

TPL logo

Texas Pacific Land Corporation

TPL

Texas Pacific Land Corp is mainly engaged in the sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. The group operates its business in two reportable segments: Land and Resource Management and Water Service and Operations. The Land and Resource Management segment, which generates maximum revenue, focuses on managing its several surface acres of land and its oil and gas royalty interests, principally concentrated in the Permian Basin. The revenue streams of this segment consist of royalties from oil and gas, revenues from easements and commercial leases, and land and material sales. The Water Services and Operations segment encompasses the business of providing a full-service water offering to operators in the Permian Basin.

Market cap 30.9B · 114 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 observationsStockStockTechnology

Time Series

Rebased to 100

Green: NVDAGray: TPL36 of 1,254 points (sampled)

Who Moves First

NVDA leads TPL by 6 days

NVDA tends to move before TPL.

Best correlation after shifting: +0.763 (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

+0.191

12 periods · Return correlation when both series rose

Both Falling

+0.859

5 periods · Return correlation when both series fell

Diverging

-0.627

18 periods · Return correlation when series moved apart

R-Squared

57.6%

Share of variance in one series explained by the other.

Trend Agreement

55.6%

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: [0.734, 0.781]

Scatter

XY Regression

-1.705010015020021891100200300400478Nvidia CorpTexas Pacific Land CorporationData pointsFit (r = 0.759)

Pipeline

Data quality details

Pipeline Summary

1,254 paired observations 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

NVDA logo

Nvidia Corp

NVDA

Market cap 4.3T

Stock · 1,254 raw → 1,254 prepared

Series B

TPL logo

Texas Pacific Land Corporation

TPL

Market cap 30.9B · 114 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

31

Estimated crossover points between normalized spreads.

Slope

1.3077

Linear regression slope.

Intercept

147.9027

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 3 hours ago · ID: stock-nvda-vs-stock-tpl-daily-20260408-qox1oo