Correlation Analysis
Tesla, Inc. Common Stock vs Robinhood Markets, Inc. Class A Common Stock
TSLA vs HOOD
+0.732
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
Robinhood Markets, Inc. Class A Common Stock
↗HOOD
Robinhood is a diversified financial services provider best known for its retail brokerage platform, which historically caters to a young, risk-seeking clientele that trades heavily on margin and in higher-risk asset classes like options, futures, cryptocurrencies, and more recently, in prediction markets. As those customers' financial needs have begun to mature, Robinhood has rolled out a suite of more conventional products, from retirement accounts to high-yield cash sweep accounts to nascent advisory services (Robinhood Strategies). With $322 billion in customer assets and 27 million active accounts at year-end 2025, the firm has emerged as a significant player in the large and quickly growing US brokerage market.
Market cap 62.8B · 2,900 employees
Time Series
Rebased to 100
Who Moves First
HOOD leads TSLA by 6 days
HOOD tends to move before TSLA.
Best correlation after shifting: +0.738 (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
+0.246
16 periods · Return correlation when both series rose
Both Falling
+0.205
12 periods · Return correlation when both series fell
Diverging
-0.397
7 periods · Return correlation when series moved apart
R-Squared
53.7%
Share of variance in one series explained by the other.
Trend Agreement
66.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,177
Deep shared window — 1,177 usable pairs.
Significance
p < 0.001
95% CI: [0.705, 0.758]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,177 paired observations survived the daily window.
Raw input
1,254
1,177
Normalized
1,254
1,177
Prepared
1,254
1,177
Aligned
1,177
1,177
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
77
A: 77 / B: 0
Series A
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Robinhood Markets, Inc. Class A Common Stock
HOOD
Market cap 62.8B · 2,900 employees
Stock · 1,177 raw → 1,177 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
53
Estimated crossover points between normalized spreads.
Slope
0.3175
Linear regression slope.
Intercept
-52.3332
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
HOOD
Robinhood Markets, Inc. Class A Common Stock
Highest
+0.884
JPMorgan Chase & Co.
JPM · 1,177 observations
Lowest
+0.288
Exxon Mobil Corporation
XOM · 1,177 observations
Saved 3 hours ago · ID: stock-tsla-vs-stock-hood-daily-20260408-hnx1f0