Correlation Analysis
Broadcom Inc. Common Stock vs Affirm Holdings, Inc. Class A Common Stock
AVGO vs AFRM
+0.268
Light positive
When one moves up, the other tends to follow.
Broadcom Inc. Common Stock
↗AVGO
Broadcom is one of the largest semiconductor companies in the world and has also expanded into infrastructure software. Its semiconductors primarily serve computing and networking, with custom AI accelerators now accounting for the bulk of the business. It is primarily a fabless designer, but holds some manufacturing in-house, such as for its best-of-breed film bulk acoustic resonator filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments. Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as VMware, Brocade, CA Technologies, and Symantec in software.
Market cap 1.5T
Affirm Holdings, Inc. Class A Common Stock
↗AFRM
Founded in 2012, Affirm is a market leader in the buy-now, pay-later space with around $36 billion in transaction volume in fiscal 2025. Affirm offers both zero-interest financing, which is merchant subsidized, and interest-bearing loans, which function as personal loans that are approved on a per-transaction basis. Over 70% of Affirm's transaction volume comes from its interest-bearing loans, which also comprise the majority of its revenue. Affirm operates in the United States, which accounted for more than 95% of its revenue in 2025, but the firm has also expanded to Canada and the United Kingdom.
Market cap 16.1B · 2,206 employees
Time Series
Relative Performance
Who Moves First
AFRM leads AVGO by 6 days
AFRM tends to move before AVGO.
After testing 13 timing shifts, the strongest relationship was +0.270 (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
-0.141
13 periods · Return correlation when both series rose
Both Falling
+0.495
7 periods · Return correlation when both series fell
Diverging
-0.563
15 periods · Return correlation when series moved apart
R-Squared
7.2%
Share of variance in one series explained by the other.
Trend Agreement
62.4%
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: [0.216, 0.319]
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
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Affirm Holdings, Inc. Class A Common Stock
AFRM
Market cap 16.1B · 2,206 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0817
Linear regression slope.
Intercept
36.2660
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AVGO
Broadcom Inc. Common Stock
Highest
+0.981
GE Aerospace
GE · 1,254 data points
Lowest
-0.903
The Kraft Heinz Company Common Stock
KHC · 1,254 data points
AFRM
Affirm Holdings, Inc. Class A Common Stock
Highest
+0.560
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Lowest
-0.411
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 5 hours ago · ID: stock-avgo-vs-stock-afrm-daily-20260408-ihzgo2