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Correlation Analysis

Apple Inc. vs Samsara Inc.

AAPL vs IOT

+0.765

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

IOT logo

Samsara Inc.

IOT

Samsara Inc provides an end-to-end solution for operations. The company's Connected Operations Platform consolidates data from its IoT devices and a growing ecosystem of connected assets and third-party systems, and makes it easy for organizations to access, analyze, and act on data insights using its cloud dashboard, custom alerts and reports, mobile apps, and workflows. The company derives almost all of its revenue from subscription services. Geographically, it derives a majority of its revenue from the United States. The company's customers range from small and medium-sized businesses to state and local governments.

Market cap 18.3B · 4,100 employees

Dec 15, 2021 — Apr 7, 2026Daily1,080 observationsStockStockTechnology

Who Moves First

IOT leads AAPL by 6 days

IOT tends to move before AAPL.

Best correlation after shifting: +0.768 (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

-0.291

12 periods · Return correlation when both series rose

Both Falling

+0.461

9 periods · Return correlation when both series fell

Diverging

-0.589

14 periods · Return correlation when series moved apart

R-Squared

58.5%

Share of variance in one series explained by the other.

Trend Agreement

62.8%

How often both series moved in the same direction period-to-period.

Overlap Quality

1,080

Deep shared window — 1,080 usable pairs.

Significance

p < 0.001

95% CI: [0.739, 0.789]

Time Series

Rebased to 100

Green: AAPLGray: IOT36 of 1,080 points (sampled)

Scatter

XY Regression

121.11401601802002202402602776.4102030405059.1Apple Inc.Samsara Inc.Data pointsFit (r = 0.765)

Pipeline

Data quality details

Pipeline Summary

1,080 paired observations survived the daily window.

Raw input

1,254

1,080

Normalized

1,254

1,080

Prepared

1,254

1,080

Aligned

1,080

1,080

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

174

A: 174 / B: 0

Series A

AAPL logo

Apple Inc.

AAPL

Market cap 3.8T

Stock · 1,254 raw → 1,254 prepared

Series B

IOT logo

Samsara Inc.

IOT

Market cap 18.3B · 4,100 employees

Stock · 1,080 raw → 1,080 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

17

Estimated crossover points between normalized spreads.

Slope

0.2383

Linear regression slope.

Intercept

-17.1517

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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