Correlation Analysis
AvalonBay Communities, Inc. vs Tesla, Inc. Common Stock
AVB vs TSLA
+0.254
Light positive
When one moves up, the other tends to follow.
AvalonBay Communities, Inc.
↗AVB
AvalonBay Communities owns a portfolio of 296 apartment communities with more than 90,000 units and is developing 24 additional properties with approximately 8,600 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington, D.C., California, and the Pacific Northwest.
Market cap 23.3B · 3,041 employees
Tesla, Inc. Common Stock
↗TSLA
Tesla is a vertically integrated battery electric vehicle automaker and developer of real world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling a sports car and offer a robotaxi service. Global deliveries in 2025 were nearly 1.64 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network and an auto insurance business.
Market cap 1.3T
Time Series
Relative Performance
Who Moves First
AVB leads TSLA by 6 days
AVB tends to move before TSLA.
After testing 13 timing shifts, the strongest relationship was +0.273 (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
+0.134
13 periods · Return correlation when both series rose
Both Falling
+0.608
11 periods · Return correlation when both series fell
Diverging
-0.599
11 periods · Return correlation when series moved apart
R-Squared
6.4%
Share of variance in one series explained by the other.
Trend Agreement
59.2%
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: [0.201, 0.305]
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
AvalonBay Communities, Inc.
AVB
Market cap 23.3B · 3,041 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
51
Estimated crossover points between normalized spreads.
Slope
0.8775
Linear regression slope.
Intercept
98.6906
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AVB
AvalonBay Communities, Inc.
Highest
+0.090
NetFlix Inc
NFLX · 1,254 data points
Lowest
-0.540
Exxon Mobil Corporation
XOM · 1,254 data points
TSLA
Tesla, Inc. Common Stock
Highest
+0.870
Reddit, Inc.
RDDT · 512 data points
Lowest
-0.817
Elevance Health, Inc.
ELV · 947 data points
Saved 4 hours ago · ID: stock-avb-vs-stock-tsla-daily