Correlation Analysis
Tenet Healthcare Corporation New vs Exxon Mobil Corporation
THC vs XOM
+0.589
Moderate 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
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
THC leads XOM by 6 days
THC tends to move before XOM.
After testing 13 timing shifts, the strongest relationship was +0.591 (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
+0.537
13 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.709
18 periods · Return correlation when series moved apart
R-Squared
34.7%
Share of variance in one series explained by the other.
Trend Agreement
57.6%
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: [0.552, 0.624]
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
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
35
Estimated crossover points between normalized spreads.
Slope
0.2553
Linear regression slope.
Intercept
74.3970
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
THC
Tenet Healthcare Corporation New
Highest
+0.964
Nvidia Corp
NVDA · 1,254 data points
Lowest
+0.454
Johnson & Johnson
JNJ · 1,254 data points
Saved 5 hours ago · ID: stock-thc-vs-stock-xom-daily