Correlation Analysis
Tesla, Inc. Common Stock vs Constellation Energy Corporation Common Stock
TSLA vs CEG
+0.669
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
Constellation Energy Corporation Common Stock
↗CEG
Constellation Energy Corp producer of carbon-free energy and a supplier of energy products and services. The company offers generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets. It sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its operating segments and reporting units are Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.
Market cap 99.7B · 15,339 employees
Time Series
Rebased to 100
Who Moves First
CEG leads TSLA by 6 days
CEG tends to move before TSLA.
Best correlation after shifting: +0.673 (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
+0.255
10 periods · Return correlation when both series rose
Both Falling
+0.735
7 periods · Return correlation when both series fell
Diverging
-0.487
18 periods · Return correlation when series moved apart
R-Squared
44.8%
Share of variance in one series explained by the other.
Trend Agreement
61.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,047
Deep shared window — 1,047 usable pairs.
Significance
p < 0.001
95% CI: [0.634, 0.701]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,047 paired observations survived the daily window.
Raw input
1,254
1,047
Normalized
1,254
1,047
Prepared
1,254
1,047
Aligned
1,047
1,047
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
207
A: 207 / B: 0
Series A
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Constellation Energy Corporation Common Stock
CEG
Market cap 99.7B · 15,339 employees
Stock · 1,047 raw → 1,047 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
49
Estimated crossover points between normalized spreads.
Slope
0.7846
Linear regression slope.
Intercept
-37.2732
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
CEG
Constellation Energy Corporation Common Stock
Highest
+0.968
JPMorgan Chase & Co.
JPM · 1,047 observations
Lowest
+0.306
Johnson & Johnson
JNJ · 1,047 observations
Saved 3 hours ago · ID: stock-tsla-vs-stock-ceg-daily-20260408-0x5ivf