Correlation Analysis
Workday, Inc. Class A Common Stock vs Exxon Mobil Corporation
WDAY vs XOM
-0.324
Light inverse
When one moves up, the other tends to move down.
Workday, Inc. Class A Common Stock
↗WDAY
Workday is a software company that offers human capital management, financial management, and business planning solutions for enterprises. Known for being a cloud-only software provider, Workday was founded in 2005 and is headquartered in Pleasanton, California.
Market cap 33.3B · 21,000 employees
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
WDAY and XOM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was -0.324 (they moved in opposite directions).
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
+0.331
7 periods · Return correlation when both series rose
Both Falling
+0.212
5 periods · Return correlation when both series fell
Diverging
-0.847
23 periods · Return correlation when series moved apart
R-Squared
10.5%
Share of variance in one series explained by the other.
Trend Agreement
51.5%
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: [-0.373, -0.273]
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
Workday, Inc. Class A Common Stock
WDAY
Market cap 33.3B · 21,000 employees
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
51
Estimated crossover points between normalized spreads.
Slope
-0.1750
Linear regression slope.
Intercept
140.6256
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
WDAY
Workday, Inc. Class A Common Stock
Highest
+0.447
Amazon.Com Inc
AMZN · 1,254 data points
Lowest
-0.474
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-wday-vs-stock-xom-daily