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Correlation Analysis

Pfizer Inc. vs Exxon Mobil Corporation

PFE vs XOM

-0.617

Moderate inverse

When one moves up, the other tends to move down.

PFE logo

Pfizer Inc.

PFE

Pfizer is one of the world's largest pharmaceutical firms, with annual sales of roughly $60 billion. While it historically sold many types of healthcare products and chemicals, now prescription drugs and vaccines account for the majority of sales. Top sellers include pneumococcal vaccine Prevnar 13 and cardiology drugs Vyndaqel and Eliquis. Pfizer sells these products globally, with international sales representing 40% of total sales. Within international sales, emerging markets are a major contributor.

Market cap 158.3B

XOM logo

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

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockHealthcareEnergy

Time Series

Relative Performance

Green: PFEGray: XOM36 of 1,254 points (sampled)

Who Moves First

XOM leads PFE by 6 days

XOM tends to move before PFE.

After testing 13 timing shifts, the strongest relationship was -0.633 (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

+0.320

8 periods · Return correlation when both series rose

Both Falling

+0.628

9 periods · Return correlation when both series fell

Diverging

-0.637

18 periods · Return correlation when series moved apart

R-Squared

38.0%

Share of variance in one series explained by the other.

Trend Agreement

55.5%

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: [-0.650, -0.581]

Scatter

XY Regression

203040506062.545.26080100120140160172.7Pfizer Inc.Exxon Mobil CorporationData pointsFit (r = -0.617)

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

PFE logo

Pfizer Inc.

PFE

Market cap 158.3B

Stock · 1,254 raw → 1,254 prepared

Series B

XOM logo

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

17

Estimated crossover points between normalized spreads.

Slope

-1.3437

Linear regression slope.

Intercept

149.6603

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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