Correlation Analysis
Teledyne Technologies Incorporated vs Walmart Inc. Common Stock
TDY vs WMT
+0.855
Very strong positive
When one moves up, the other tends to follow.
Teledyne Technologies Incorporated
↗TDY
Teledyne Technologies Inc provides enabling technologies to sense, analyze and distribute information for industrial growth markets that require advanced technology and high reliability. The firm operates in four segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems. The Digital Imaging segment, that derives maximum revenue, includes high-performance sensors, cameras and systems, within the visible, infrared and X-ray spectra for use in industrial, government and medical applications, as well as MEMS and high-performance, high-reliability semiconductors including analog-to-digital and digital-to-analog converters. Geographically, the company operates in United States, Europe, Asia, and All other.
Market cap 29.3B · 15,800 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
WMT leads TDY by 6 days
WMT tends to move before TDY.
After testing 13 timing shifts, the strongest relationship was +0.856 (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
+0.704
16 periods · Return correlation when both series rose
Both Falling
+0.453
7 periods · Return correlation when both series fell
Diverging
-0.584
12 periods · Return correlation when series moved apart
R-Squared
73.2%
Share of variance in one series explained by the other.
Trend Agreement
59.0%
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: [0.840, 0.870]
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
Teledyne Technologies Incorporated
TDY
Market cap 29.3B · 15,800 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
69
Estimated crossover points between normalized spreads.
Slope
0.3315
Linear regression slope.
Intercept
-81.6940
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
TDY
Teledyne Technologies Incorporated
Highest
+0.833
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.431
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 4 hours ago · ID: stock-tdy-vs-stock-wmt-daily