Correlation Analysis
Tenet Healthcare Corporation New vs VISA Inc.
THC vs V
+0.861
Very strong positive
When one moves up, the other tends to follow.
Tenet Healthcare Corporation New
↗THC
Tenet Healthcare is a Dallas-based healthcare services organization. It operates acute and specialty hospitals (50 as of December 2025) and hundreds of ambulatory surgery centers and other outpatient facilities across the US, primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.
Market cap 16.5B · 99,000 employees
VISA Inc.
↗V
Visa is the largest payment processor in the world. In fiscal 2025, it processed almost $17 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.
Market cap 583.4B
Time Series
Relative Performance
Who Moves First
V leads THC by 6 days
V tends to move before THC.
After testing 13 timing shifts, the strongest relationship was +0.866 (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
+0.517
13 periods · Return correlation when both series rose
Both Falling
+0.295
6 periods · Return correlation when both series fell
Diverging
-0.844
16 periods · Return correlation when series moved apart
R-Squared
74.1%
Share of variance in one series explained by the other.
Trend Agreement
63.5%
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: [0.846, 0.874]
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
Tenet Healthcare Corporation New
THC
Market cap 16.5B · 99,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
VISA Inc.
V
Market cap 583.4B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
35
Estimated crossover points between normalized spreads.
Slope
0.8649
Linear regression slope.
Intercept
171.4702
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-thc-vs-stock-v-daily