Correlation Analysis
Tesla, Inc. Common Stock vs Applovin Corporation Class A Common Stock
TSLA vs APP
+0.797
Strong positive
When one moves up, the other tends to follow.
Tesla, Inc. Common Stock
↗TSLA
Tesla is a vertically integrated battery electric vehicle automaker and developer of real world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling a sports car and offer a robotaxi service. Global deliveries in 2025 were nearly 1.64 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network and an auto insurance business.
Market cap 1.3T
Applovin Corporation Class A Common Stock
↗APP
AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max. AppLovin's primary tool for future growth is AXON 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.
Market cap 139.2B · 898 employees
Who Moves First
APP leads TSLA by 1 day
APP tends to move before TSLA.
Best correlation after shifting: +0.798 (13 shifts scanned)
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
+0.278
14 periods · Return correlation when both series rose
Both Falling
+0.378
9 periods · Return correlation when both series fell
Diverging
-0.595
12 periods · Return correlation when series moved apart
R-Squared
63.6%
Share of variance in one series explained by the other.
Trend Agreement
63.7%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,250
Deep shared window — 1,250 usable pairs.
Significance
p < 0.001
95% CI: [0.776, 0.817]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,250 paired observations survived the daily window.
Raw input
1,254
1,250
Normalized
1,254
1,250
Prepared
1,254
1,250
Aligned
1,250
1,250
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
4
A: 4 / B: 0
Series A
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Applovin Corporation Class A Common Stock
APP
Market cap 139.2B · 898 employees
Stock · 1,250 raw → 1,250 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
1.8000
Linear regression slope.
Intercept
-331.5645
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
TSLA
Tesla, Inc. Common Stock
Highest
+0.870
Reddit, Inc.
RDDT · 512 observations
Lowest
-0.817
Elevance Health, Inc.
ELV · 947 observations
APP
Applovin Corporation Class A Common Stock
Highest
+0.934
JPMorgan Chase & Co.
JPM · 1,250 observations
Lowest
+0.426
Exxon Mobil Corporation
XOM · 1,250 observations
Saved 3 hours ago · ID: stock-tsla-vs-stock-app-daily-20260408-mpa6ya