Correlation Analysis
Broadcom Inc. Common Stock vs Applovin Corporation Class A Common Stock
AVGO vs APP
+0.938
Very strong 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
Applovin Corporation Class A Common Stock
↗APP
AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max. AppLovin's primary tool for future growth is AXON 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.
Market cap 139.2B · 898 employees
Time Series
Rebased to 100
Who Moves First
AVGO leads APP by 6 days
AVGO tends to move before APP.
Best correlation after shifting: +0.938 (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
+0.775
17 periods · Return correlation when both series rose
Both Falling
+0.572
7 periods · Return correlation when both series fell
Diverging
-0.804
11 periods · Return correlation when series moved apart
R-Squared
88.0%
Share of variance in one series explained by the other.
Trend Agreement
64.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,250
Deep shared window — 1,250 usable pairs.
Significance
p < 0.001
95% CI: [0.931, 0.944]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,250 paired observations survived the daily window.
Raw input
1,254
1,250
Normalized
1,254
1,250
Prepared
1,254
1,250
Aligned
1,250
1,250
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
4
A: 4 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Applovin Corporation Class A Common Stock
APP
Market cap 139.2B · 898 employees
Stock · 1,250 raw → 1,250 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
1.7615
Linear regression slope.
Intercept
-79.2327
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AVGO
Broadcom Inc. Common Stock
Highest
+0.981
GE Aerospace
GE · 1,254 observations
Lowest
-0.903
The Kraft Heinz Company Common Stock
KHC · 1,254 observations
APP
Applovin Corporation Class A Common Stock
Highest
+0.934
JPMorgan Chase & Co.
JPM · 1,250 observations
Lowest
+0.426
Exxon Mobil Corporation
XOM · 1,250 observations
Saved 3 hours ago · ID: stock-avgo-vs-stock-app-daily-20260408-nqi98k