Correlation Analysis
Broadcom Inc. Common Stock vs Constellation Energy Corporation Common Stock
AVGO vs CEG
+0.956
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
Constellation Energy Corporation Common Stock
↗CEG
Constellation Energy Corp producer of carbon-free energy and a supplier of energy products and services. The company offers generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets. It sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its operating segments and reporting units are Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.
Market cap 99.7B · 15,339 employees
Time Series
Relative Performance
Who Moves First
in sync
AVGO and CEG tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.956 (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
+0.649
15 periods · Return correlation when both series rose
Both Falling
+0.377
8 periods · Return correlation when both series fell
Diverging
-0.624
12 periods · Return correlation when series moved apart
R-Squared
91.4%
Share of variance in one series explained by the other.
Trend Agreement
64.7%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,047
Deep shared window — 1,047 usable pairs.
Significance
p < 0.001
95% CI: [0.951, 0.961]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,047 paired data points survived the daily window.
Raw input
1,254
1,047
Normalized
1,254
1,047
Prepared
1,254
1,047
Aligned
1,047
1,047
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
207
A: 207 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Constellation Energy Corporation Common Stock
CEG
Market cap 99.7B · 15,339 employees
Stock · 1,047 raw → 1,047 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
52
Estimated crossover points between normalized spreads.
Slope
0.9608
Linear regression slope.
Intercept
30.7894
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
CEG
Constellation Energy Corporation Common Stock
Highest
+0.968
JPMorgan Chase & Co.
JPM · 1,047 data points
Lowest
+0.306
Johnson & Johnson
JNJ · 1,047 data points
Saved 5 hours ago · ID: stock-avgo-vs-stock-ceg-daily-20260408-yt7eb3