Correlation Analysis
Viper Energy, Inc. Class A Common Stock vs Exxon Mobil Corporation
VNOM vs XOM
+0.773
Strong positive
When one moves up, the other tends to follow.
Viper Energy, Inc. Class A Common Stock
↗VNOM
Viper Energy Inc is focused on owning and acquiring mineral and royalty interests in oil and natural gas properties in the Permian Basin. The Permian Basin is known to have a number of zones of oil and natural gas-bearing rock throughout.
Market cap 9B
Exxon Mobil Corporation
↗XOM
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.3 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
Market cap 680.7B
Time Series
Relative Performance
Who Moves First
in sync
VNOM and XOM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.773 (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
+0.597
17 periods · Return correlation when both series rose
Both Falling
+0.098
10 periods · Return correlation when both series fell
Diverging
-0.578
8 periods · Return correlation when series moved apart
R-Squared
59.8%
Share of variance in one series explained by the other.
Trend Agreement
72.5%
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 < 0.001
95% CI: [0.750, 0.795]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points 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
Viper Energy, Inc. Class A Common Stock
VNOM
Market cap 9B
Stock · 1,254 raw → 1,254 prepared
Series B
Exxon Mobil Corporation
XOM
Market cap 680.7B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
41
Estimated crossover points between normalized spreads.
Slope
1.9063
Linear regression slope.
Intercept
37.7578
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
VNOM
Viper Energy, Inc. Class A Common Stock
Highest
+0.868
Costco Wholesale Corp
COST · 1,254 data points
Lowest
+0.085
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-vnom-vs-stock-xom-daily