Correlation Analysis
Permian Resources Corporation vs Tesla, Inc. Common Stock
PR vs TSLA
+0.311
Light positive
When one moves up, the other tends to follow.
Permian Resources Corporation
↗PR
Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization, and development of oil and liquids-rich natural gas assets. The Company's assets and operations are concentrated in the core of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico.
Market cap 17.2B · 515 employees
Tesla, Inc. Common Stock
↗TSLA
Tesla is a vertically integrated battery electric vehicle automaker and developer of real world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling a sports car and offer a robotaxi service. Global deliveries in 2025 were nearly 1.64 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network and an auto insurance business.
Market cap 1.3T
Time Series
Relative Performance
Who Moves First
TSLA leads PR by 6 days
TSLA tends to move before PR.
After testing 13 timing shifts, the strongest relationship was +0.313 (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
+0.378
8 periods · Return correlation when both series rose
Both Falling
+0.173
6 periods · Return correlation when both series fell
Diverging
-0.622
21 periods · Return correlation when series moved apart
R-Squared
9.6%
Share of variance in one series explained by the other.
Trend Agreement
57.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
900
Deep shared window — 900 usable pairs.
Significance
p < 0.001
95% CI: [0.250, 0.368]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
900 paired data points survived the daily window.
Raw input
900
1,254
Normalized
900
1,254
Prepared
900
1,254
Aligned
900
900
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
354
A: 0 / B: 354
Series A
Permian Resources Corporation
PR
Market cap 17.2B · 515 employees
Stock · 900 raw → 900 prepared
Series B
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
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
10.9704
Linear regression slope.
Intercept
126.9507
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
PR
Permian Resources Corporation
Highest
+0.757
Eli Lilly & Co.
LLY · 900 data points
Lowest
+0.262
Johnson & Johnson
JNJ · 900 data points
TSLA
Tesla, Inc. Common Stock
Highest
+0.870
Reddit, Inc.
RDDT · 512 data points
Lowest
-0.817
Elevance Health, Inc.
ELV · 947 data points
Saved 5 hours ago · ID: stock-pr-vs-stock-tsla-daily