Correlation Analysis
The Sherwin-Williams Company vs Walmart Inc. Common Stock
SHW vs WMT
+0.738
Strong positive
When one moves up, the other tends to follow.
The Sherwin-Williams Company
↗SHW
Sherwin-Williams is the largest provider of architectural paint in the United States. The company has over 4,800 stores and sells premium paint at higher price points than most competitors. Sherwin-Williams also sells paint-related products in big-box stores and provides coatings for original equipment manufacturers.
Market cap 78.3B · 64,249 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
SHW leads WMT by 6 days
SHW tends to move before WMT.
After testing 13 timing shifts, the strongest relationship was +0.741 (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
+0.526
14 periods · Return correlation when both series rose
Both Falling
+0.151
6 periods · Return correlation when both series fell
Diverging
-0.607
15 periods · Return correlation when series moved apart
R-Squared
54.4%
Share of variance in one series explained by the other.
Trend Agreement
61.7%
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: [0.712, 0.762]
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
The Sherwin-Williams Company
SHW
Market cap 78.3B · 64,249 employees
Stock · 1,254 raw → 1,254 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
40
Estimated crossover points between normalized spreads.
Slope
0.3730
Linear regression slope.
Intercept
-44.7365
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
SHW
The Sherwin-Williams Company
Highest
+0.862
Amazon.Com Inc
AMZN · 1,254 data points
Lowest
+0.117
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-shw-vs-stock-wmt-daily