Correlation Analysis
Apple Inc. vs Truist Financial Corporation
AAPL vs TFC
-0.195
Weak 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
Truist Financial Corporation
↗TFC
Truist Financial is one of the three super-regional banks in the US, with around $565 billion in assets as of the fourth quarter of 2025. Truist emerged from the combination of BB&T and SunTrust in 2019. Based in Charlotte, North Carolina, the bank's footprint is largely in the Mid-Atlantic and Southeast. Apart from retail and commercial banking operations, the bank also offers online and point-of-sale consumer lending, cards, wealth management, investment banking, and other banking services.
Market cap 59.1B · 38,711 employees
Who Moves First
TFC leads AAPL by 6 days
TFC tends to move before AAPL.
Best correlation after shifting: -0.207 (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
+0.410
11 periods · Return correlation when both series rose
Both Falling
+0.910
8 periods · Return correlation when both series fell
Diverging
-0.420
16 periods · Return correlation when series moved apart
R-Squared
3.8%
Share of variance in one series explained by the other.
Trend Agreement
60.5%
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: [-0.248, -0.141]
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
Truist Financial Corporation
TFC
Market cap 59.1B · 38,711 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
-0.0450
Linear regression slope.
Intercept
53.5140
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
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