Correlation Analysis
Raymond James Financial, Inc. vs Exxon Mobil Corporation
RJF vs XOM
+0.625
Moderate positive
When one moves up, the other tends to follow.
Raymond James Financial, Inc.
↗RJF
Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities. The firm maintains an extensive catalogue of products and services across its business lines. However, the wealth management franchise generates the bulk of its revenues and earnings through a vast network of more than 8,900 independent and employee-affiliated advisors, who collectively managed over $1.7 trillion in client assets as of fiscal year-end 2025. While Raymond James maintains a global footprint, the company derives over 90% of its revenue, and an even larger percentage of its operating income, from the United States.
Market cap 27.9B · 3,878 employees
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
Time Series
Relative Performance
Who Moves First
RJF leads XOM by 6 days
RJF tends to move before XOM.
After testing 13 timing shifts, the strongest relationship was +0.627 (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
+0.052
13 periods · Return correlation when both series rose
Both Falling
-0.447
8 periods · Return correlation when both series fell
Diverging
-0.528
14 periods · Return correlation when series moved apart
R-Squared
39.1%
Share of variance in one series explained by the other.
Trend Agreement
61.2%
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: [0.590, 0.658]
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
Raymond James Financial, Inc.
RJF
Market cap 27.9B · 3,878 employees
Stock · 1,254 raw → 1,254 prepared
Series B
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
11
Estimated crossover points between normalized spreads.
Slope
0.5282
Linear regression slope.
Intercept
38.1922
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
RJF
Raymond James Financial, Inc.
Highest
+0.914
Nvidia Corp
NVDA · 1,254 data points
Lowest
+0.298
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-rjf-vs-stock-xom-daily