Correlation Analysis
Occidental Petroleum Corporation vs Walmart Inc. Common Stock
OXY vs WMT
-0.170
Weak inverse
When one moves up, the other tends to move down.
Occidental Petroleum Corporation
↗OXY
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2024, the company reported net proved reserves of 4.6 billion barrels of oil equivalent. Net production averaged 1.326 million barrels of oil equivalent per day in 2024 at a ratio of roughly 52% oil and natural gas liquids and 48% natural gas.
Market cap 62.4B · 10,412 employees
Walmart Inc. Common Stock
↗WMT
Since its founding in 1962, Walmart has become the world's largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam's Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $680 billion in fiscal 2025 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2025 sales), Walmart International (18%), and Sam's Club (14%). Within the US, nearly 60% of its $465 billion in fiscal 2025 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart's operations are concentrated in Mexico, though it also has budding exposure to India.
Market cap 1T
Time Series
Relative Performance
Who Moves First
OXY leads WMT by 6 days
OXY tends to move before WMT.
After testing 13 timing shifts, the strongest relationship was -0.182 (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
-0.058
14 periods · Return correlation when both series rose
Both Falling
+0.667
6 periods · Return correlation when both series fell
Diverging
-0.748
15 periods · Return correlation when series moved apart
R-Squared
2.9%
Share of variance in one series explained by the other.
Trend Agreement
51.1%
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: [-0.223, -0.116]
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
Occidental Petroleum Corporation
OXY
Market cap 62.4B · 10,412 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Walmart Inc. Common Stock
WMT
Market cap 1T
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
20
Estimated crossover points between normalized spreads.
Slope
-0.3222
Linear regression slope.
Intercept
83.2887
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
OXY
Occidental Petroleum Corporation
Highest
+0.593
Exxon Mobil Corporation
XOM · 1,254 data points
Lowest
-0.478
Amazon.Com Inc
AMZN · 1,254 data points
Saved 7 hours ago · ID: stock-oxy-vs-stock-wmt-daily