Correlation Analysis
Applied Materials Inc vs VISA Inc.
AMAT vs V
+0.653
Strong positive
When one moves up, the other tends to follow.
Applied Materials Inc
↗AMAT
Applied Materials is the largest semiconductor wafer fabrication equipment manufacturer in the world. It has a broad portfolio spanning nearly every corner of the WFE ecosystem. Applied Materials holds leading market share in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.
Market cap 279.8B · 36,500 employees
VISA Inc.
↗V
Visa is the largest payment processor in the world. In fiscal 2025, it processed almost $17 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.
Market cap 583.4B
Time Series
Relative Performance
Who Moves First
V leads AMAT by 6 days
V tends to move before AMAT.
After testing 13 timing shifts, the strongest relationship was +0.662 (they moved in the same direction).
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
-0.025
10 periods · Return correlation when both series rose
Both Falling
+0.816
8 periods · Return correlation when both series fell
Diverging
-0.814
17 periods · Return correlation when series moved apart
R-Squared
42.6%
Share of variance in one series explained by the other.
Trend Agreement
62.0%
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: [0.620, 0.683]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points 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
Applied Materials Inc
AMAT
Market cap 279.8B · 36,500 employees
Stock · 1,254 raw → 1,254 prepared
Series B
VISA Inc.
V
Market cap 583.4B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
88
Estimated crossover points between normalized spreads.
Slope
0.5898
Linear regression slope.
Intercept
166.8976
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-amat-vs-stock-v-daily