Correlation Analysis
The Sherwin-Williams Company vs Exxon Mobil Corporation
SHW vs XOM
+0.265
Light 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
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
SHW leads XOM by 6 days
SHW tends to move before XOM.
After testing 13 timing shifts, the strongest relationship was +0.269 (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
+0.682
10 periods · Return correlation when both series rose
Both Falling
+0.458
7 periods · Return correlation when both series fell
Diverging
-0.790
18 periods · Return correlation when series moved apart
R-Squared
7.0%
Share of variance in one series explained by the other.
Trend Agreement
53.8%
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: [0.212, 0.315]
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
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
15
Estimated crossover points between normalized spreads.
Slope
0.1210
Linear regression slope.
Intercept
65.2984
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-xom-daily