Correlation Analysis
Apple Inc. vs GE HealthCare Technologies Inc. Common Stock
AAPL vs GEHC
+0.286
Light 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
GE HealthCare Technologies Inc. Common Stock
↗GEHC
GE HealthCare Technologies is a leading medical technology firm with leading market share in imaging and ultrasound equipment. The company reports four major segments: imaging (45% of revenue), advanced visualization solutions (26%), patient care solutions (15%), and pharmaceutical diagnostics (14%). The company's sales are geographically diverse, with the United States, EMEA, China, and the rest of the world accounting for 46%, 26%, 11%, and 17% respectively. We estimate approximately half of its revenue is recurring, which consists of servicing (about one third of revenue), pharmaceutical diagnostics (about 10%-15%), and digital solutions (just over 5%).
Market cap 32.1B · 54,000 employees
Time Series
Rebased to 100
Who Moves First
in sync
AAPL and GEHC tend to move at the same time.
Best correlation after shifting: +0.286 (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
+0.217
11 periods · Return correlation when both series rose
Both Falling
+0.167
8 periods · Return correlation when both series fell
Diverging
-0.858
16 periods · Return correlation when series moved apart
R-Squared
8.2%
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
816
Deep shared window — 816 usable pairs.
Significance
p < 0.001
95% CI: [0.222, 0.348]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
816 paired observations survived the daily window.
Raw input
1,254
816
Normalized
1,254
816
Prepared
1,254
816
Aligned
816
816
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
438
A: 438 / B: 0
Series A
Apple Inc.
AAPL
Market cap 3.8T
Stock · 1,254 raw → 1,254 prepared
Series B
GE HealthCare Technologies Inc. Common Stock
GEHC
Market cap 32.1B · 54,000 employees
Stock · 816 raw → 816 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
0.0581
Linear regression slope.
Intercept
65.9027
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
GEHC
GE HealthCare Technologies Inc. Common Stock
Highest
+0.376
Eli Lilly & Co.
LLY · 816 observations
Lowest
-0.023
Johnson & Johnson
JNJ · 816 observations
Saved 3 hours ago · ID: stock-aapl-vs-stock-gehc-daily-20260408-d441mr