Correlation Analysis
Apple Inc. vs Fox Corporation Class B Common Stock
AAPL vs FOX
+0.764
Strong positive
When one moves up, the other tends to follow.
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
Fox Corporation Class B Common Stock
↗FOX
Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay TV sports stations. Television primarily includes the Fox broadcast network, 29 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay TV bundle. The Murdoch family controls Fox.
Market cap 22.8B · 10,400 employees
Who Moves First
AAPL leads FOX by 6 days
AAPL tends to move before FOX.
Best correlation after shifting: +0.766 (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
+0.256
12 periods · Return correlation when both series rose
Both Falling
+0.258
8 periods · Return correlation when both series fell
Diverging
-0.692
15 periods · Return correlation when series moved apart
R-Squared
58.4%
Share of variance in one series explained by the other.
Trend Agreement
59.0%
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: [0.740, 0.786]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
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
Apple Inc.
AAPL
Market cap 3.8T
Stock · 1,254 raw → 1,254 prepared
Series B
Fox Corporation Class B Common Stock
FOX
Market cap 22.8B · 10,400 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
31
Estimated crossover points between normalized spreads.
Slope
0.1881
Linear regression slope.
Intercept
2.6405
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AAPL
Apple Inc.
Highest
+0.935
Arista Networks
ANET · 1,254 observations
Lowest
-0.847
Fiserv, Inc. Common Stock
FISV · 644 observations
FOX
Fox Corporation Class B Common Stock
Highest
+0.898
JPMorgan Chase & Co.
JPM · 1,254 observations
Lowest
+0.338
Exxon Mobil Corporation
XOM · 1,254 observations
Saved 3 hours ago · ID: stock-aapl-vs-stock-fox-daily-20260408-y8ychd