Co-movers

daily closesMethod

Moved together

VwithMAX

Uncorrelated: r 0.23 · 499D.

Shared co-movers2with Vwith MAX

MCOMoodys Corpr 0.54r 0.35

MQMarqeta, Inc.r 0.28r 0.42

V, solidMAX, hatchedr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

VVisa Inc.

422.89+0.07%· post 422.28· delayed

Mkt cap$759.3BRevenue$12.1BQ4 FY26Revenue$45.9BFY26

MAXMediaAlpha, Inc.

14.14−2.13%· post 14.14· delayed

After hoursNov 6 '26delayed

Mkt cap$840.5MRevenue$376MQ3 FY26Revenue$1.1BFY25

vs

Compare

After hoursNov 6 '26delayed

VVisa Inc.

vs

MAXMediaAlpha, Inc.

422.89+0.07%post 422.28delayed

Price

14.14−2.13%post 14.14delayed

$759.3B

Mkt cap

$840.5M

Q4 FY26$12.1B

Revenue

$376MQ3 FY26

FY26$45.9B

Revenue

$1.1BFY25

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