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Correlation Analysis

Apple Inc. vs Citigroup Inc.

AAPL vs C

+0.685

Strong positive

When one moves up, the other tends to follow.

AAPL logo

Apple Inc.

AAPL

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

Market cap 3.8T

C logo

Citigroup Inc.

C

Citigroup is a global financial-services company doing business in more than 160 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.

Market cap 201.3B · 226,000 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 observationsStockStockTechnologyFinancials

Who Moves First

in sync

AAPL and C tend to move at the same time.

Best correlation after shifting: +0.685 (13 shifts scanned)

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

-0.380

13 periods · Return correlation when both series rose

Both Falling

+0.890

7 periods · Return correlation when both series fell

Diverging

-0.724

15 periods · Return correlation when series moved apart

R-Squared

47.0%

Share of variance in one series explained by the other.

Trend Agreement

60.6%

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: [0.655, 0.714]

Time Series

Rebased to 100

Green: AAPLGray: C36 of 1,254 points (sampled)

Scatter

XY Regression

112.3120140160180200220240260280285.632.7406080100120123.4Apple Inc.Citigroup Inc.Data pointsFit (r = 0.685)

Pipeline

Data quality details

Pipeline Summary

1,254 paired observations 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

AAPL logo

Apple Inc.

AAPL

Market cap 3.8T

Stock · 1,254 raw → 1,254 prepared

Series B

C logo

Citigroup Inc.

C

Market cap 201.3B · 226,000 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

15

Estimated crossover points between normalized spreads.

Slope

0.3352

Linear regression slope.

Intercept

2.4212

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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