Correlation Analysis
Otis Worldwide Corporation vs Exxon Mobil Corporation
OTIS vs XOM
+0.360
Light positive
When one moves up, the other tends to follow.
Otis Worldwide Corporation
↗OTIS
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.
Market cap 30.4B · 72,000 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
OTIS leads XOM by 6 days
OTIS tends to move before XOM.
After testing 13 timing shifts, the strongest relationship was +0.366 (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
+0.105
11 periods · Return correlation when both series rose
Both Falling
+0.355
7 periods · Return correlation when both series fell
Diverging
-0.689
17 periods · Return correlation when series moved apart
R-Squared
13.0%
Share of variance in one series explained by the other.
Trend Agreement
58.7%
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: [0.311, 0.408]
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
Otis Worldwide Corporation
OTIS
Market cap 30.4B · 72,000 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
57
Estimated crossover points between normalized spreads.
Slope
0.9038
Linear regression slope.
Intercept
23.2031
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
OTIS
Otis Worldwide Corporation
Highest
+0.736
Mastercard Incorporated
MA · 1,254 data points
Lowest
-0.200
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-otis-vs-stock-xom-daily