Correlation Analysis
Apple Inc. vs Qnity Electronics, Inc.
AAPL vs Q
-0.580
Moderate inverse
When one moves up, the other tends to move down.
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
Qnity Electronics, Inc.
↗Q
Qnity Electronics Inc is a specialty chemicals company created in 2025 after being spun off from DuPont. It sells chemicals and materials to the semiconductor industry, which generates the majority of sales, and also the electronics industry. The two segments are Semiconductor Technologies segment which provides a portfolio of materials and solutions utilized across multiple stages of the semiconductor manufacturing process. Interconnect Solutions segment offers a comprehensive range of material solutions that address the evolving complexities of signal integrity, thermal and power management and packaging. These solutions are integral for electronics hardware, including complex printed circuit boards and semiconductor packaging.
Market cap 24.9B
Time Series
Relative Performance
Who Moves First
Q leads AAPL by 2 days
Q tends to move before AAPL.
After testing 13 timing shifts, the strongest relationship was -0.609 (they moved in opposite directions).
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
+0.205
11 periods · Return correlation when both series rose
Both Falling
-0.043
8 periods · Return correlation when both series fell
Diverging
-0.538
16 periods · Return correlation when series moved apart
R-Squared
33.6%
Share of variance in one series explained by the other.
Trend Agreement
61.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
106
Usable shared window — 106 usable pairs.
Significance
p < 0.001
95% CI: [-0.694, -0.437]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
106 paired data points survived the daily window.
Raw input
1,254
106
Normalized
1,254
106
Prepared
1,254
106
Aligned
106
106
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,148
A: 1148 / B: 0
Series A
Apple Inc.
AAPL
Market cap 3.8T
Stock · 1,254 raw → 1,254 prepared
Series B
Qnity Electronics, Inc.
Q
Market cap 24.9B
Stock · 106 raw → 106 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.8628
Linear regression slope.
Intercept
327.0002
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 5 hours ago · ID: stock-aapl-vs-stock-q-daily-20260408-ygknw2