Correlation Analysis
RBC Bearings Incorporated vs Walmart Inc. Common Stock
RBC vs WMT
+0.936
Very strong positive
When one moves up, the other tends to follow.
RBC Bearings Incorporated
↗RBC
RBC Bearings Inc is an international manufacturer and marketer of engineered precision bearings, components, and essential systems for the industrial, defense, and aerospace industries. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The company has two reportable segments: Industrial, which derives maximum revenue, and Aerospace/Defense. The Aerospace/Defense segment represents the end markets for the company's engineered bearings and precision components used in commercial aerospace, defense aerospace, and sea and ground defense applications; and the Industrial segment represents the end markets for its products used in various industrial applications. Geographically, the company generates a majority of its revenue from the United States.
Market cap 17.5B · 5,334 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
RBC and WMT tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.936 (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
+0.401
14 periods · Return correlation when both series rose
Both Falling
+0.807
6 periods · Return correlation when both series fell
Diverging
-0.603
15 periods · Return correlation when series moved apart
R-Squared
87.7%
Share of variance in one series explained by the other.
Trend Agreement
55.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,009
Deep shared window — 1,009 usable pairs.
Significance
p < 0.001
95% CI: [0.928, 0.944]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,009 paired data points survived the daily window.
Raw input
1,009
1,254
Normalized
1,009
1,254
Prepared
1,009
1,254
Aligned
1,009
1,009
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
245
A: 0 / B: 245
Series A
RBC Bearings Incorporated
RBC
Market cap 17.5B · 5,334 employees
Stock · 1,009 raw → 1,009 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
37
Estimated crossover points between normalized spreads.
Slope
0.2327
Linear regression slope.
Intercept
4.6129
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 4 hours ago · ID: stock-rbc-vs-stock-wmt-daily