Correlation Analysis
Permian Resources Corporation vs Walmart Inc. Common Stock
PR vs WMT
+0.556
Moderate 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
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
in sync
PR and WMT tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.556 (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
+0.551
13 periods · Return correlation when both series rose
Both Falling
-0.255
8 periods · Return correlation when both series fell
Diverging
-0.877
14 periods · Return correlation when series moved apart
R-Squared
30.9%
Share of variance in one series explained by the other.
Trend Agreement
51.5%
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: [0.509, 0.600]
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
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
3
Estimated crossover points between normalized spreads.
Slope
5.3193
Linear regression slope.
Intercept
3.5917
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
Saved 7 hours ago · ID: stock-pr-vs-stock-wmt-daily