Correlation Analysis
Tesla, Inc. Common Stock vs Roper Technologies, Inc. Common Stock
TSLA vs ROP
-0.072
Weak inverse
When one moves up, the other tends to move down.
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
Roper Technologies, Inc. Common Stock
↗ROP
Roper Technologies is a holding company focused on acquiring, managing, and developing niche market-leading technology businesses. The company operates a decentralized business model whereby each portfolio company operates independently from the others. Roper positions itself as a free cash flow compounder, whereby excess free cash flow generated by its portfolio businesses is repatriated to the parent company, which is then utilized to acquire additional businesses. Presently, the company operates 30 distinct businesses with over three-fourths of the revenue coming from software products and over two-thirds of the revenue coming from recurring and recurring sources.
Market cap 37.1B · 19,400 employees
Time Series
Rebased to 100
Who Moves First
TSLA leads ROP by 6 days
TSLA tends to move before ROP.
Best correlation after shifting: -0.109 (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
-0.137
11 periods · Return correlation when both series rose
Both Falling
+0.144
8 periods · Return correlation when both series fell
Diverging
-0.708
16 periods · Return correlation when series moved apart
R-Squared
0.5%
Share of variance in one series explained by the other.
Trend Agreement
57.0%
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 < 0.05
95% CI: [-0.126, -0.016]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired observations 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
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Roper Technologies, Inc. Common Stock
ROP
Market cap 37.1B · 19,400 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
22
Estimated crossover points between normalized spreads.
Slope
-0.0519
Linear regression slope.
Intercept
497.4292
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
ROP
Roper Technologies, Inc. Common Stock
Highest
+0.583
Microsoft Corp
MSFT · 1,254 observations
Lowest
-0.606
Johnson & Johnson
JNJ · 1,254 observations
Saved 3 hours ago · ID: stock-tsla-vs-stock-rop-daily-20260408-jt8mat