Correlation Analysis
Tesla, Inc. Common Stock vs Veralto Corporation
TSLA vs VLTO
+0.359
Light 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
Veralto Corporation
↗VLTO
Veralto is a diversified industrial firm organized into two segments: water quality, product quality, and innovation. The water quality segment offers water analytics and water treatment solutions, while the product quality and innovation segment offers coding, packaging, and color solutions for consumer packaged goods and pharmaceuticals. Headquartered in Waltham, Massachusetts, the company has around 17,000 employees. Veralto generated approximately $5.5 billion in revenue in 2025.
Market cap 21.8B · 17,000 employees
Time Series
Relative Performance
Who Moves First
VLTO leads TSLA by 6 days
VLTO tends to move before TSLA.
After testing 13 timing shifts, the strongest relationship was +0.401 (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
-0.194
12 periods · Return correlation when both series rose
Both Falling
+0.007
9 periods · Return correlation when both series fell
Diverging
-0.605
14 periods · Return correlation when series moved apart
R-Squared
12.9%
Share of variance in one series explained by the other.
Trend Agreement
57.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
630
Robust shared window — 630 usable pairs.
Significance
p < 0.001
95% CI: [0.289, 0.425]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
630 paired data points survived the daily window.
Raw input
1,254
630
Normalized
1,254
630
Prepared
1,254
630
Aligned
630
630
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
624
A: 624 / B: 0
Series A
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Veralto Corporation
VLTO
Market cap 21.8B · 17,000 employees
Stock · 630 raw → 630 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
0.0408
Linear regression slope.
Intercept
84.1554
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-tsla-vs-stock-vlto-daily