Co-movers

daily closes · 501dMethod

Moved together

VwithHQY

×0.52co-movement · HQY on V · 501d

r 0.31scale to r 0.75

Shared co-movers1with Vwith HQY

METMetLife Incr 0.57r 0.40

V, solidHQY, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

VVisa Inc.

422.89+0.07%· post 422.28

Mkt cap$759.4BRevenue$12.1BQ4 FY26Revenue$45.9BFY26

HQYHealthequity, Inc.

103.57+0.11%· post 103.57

ClosedNov 6 '26

Mkt cap$8.6BRevenue$351MQ2 FY27Revenue$1.3BFY26

vs

Compare

ClosedNov 6 '26

VVisa Inc.

vs

HQYHealthequity, Inc.

422.89+0.07%post 422.28

Price

103.57+0.11%post 103.57

$759.4B

Mkt cap

$8.6B

Q4 FY26$12.1B

Revenue

$351MQ2 FY27

FY26$45.9B

Revenue

$1.3BFY26

V compared with HQY: revenue, margins and what each company keeps, and the suppliers and customers both name