Correlation Analysis
Broadcom Inc. Common Stock vs Charter Comm Inc Del CL A New
AVGO vs CHTR
-0.645
Moderate inverse
When one moves up, the other tends to move down.
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
Charter Comm Inc Del CL A New
↗CHTR
Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 58 million US homes and businesses, around 35% of the country. Across this footprint, Charter serves 30 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest US cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (Los Angeles Lakers), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1. Charter plans to acquire cable peer Cox.
Market cap 27.4B · 91,900 employees
Time Series
Rebased to 100
Who Moves First
in sync
AVGO and CHTR tend to move at the same time.
Best correlation after shifting: -0.645 (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
+0.058
10 periods · Return correlation when both series rose
Both Falling
-0.490
7 periods · Return correlation when both series fell
Diverging
-0.471
18 periods · Return correlation when series moved apart
R-Squared
41.6%
Share of variance in one series explained by the other.
Trend Agreement
54.7%
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: [-0.676, -0.612]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired observations 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
Charter Comm Inc Del CL A New
CHTR
Market cap 27.4B · 91,900 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
-0.9718
Linear regression slope.
Intercept
545.9069
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
CHTR
Charter Comm Inc Del CL A New
Highest
-0.214
Johnson & Johnson
JNJ · 1,254 observations
Lowest
-0.902
Exxon Mobil Corporation
XOM · 1,254 observations
Saved 3 hours ago · ID: stock-avgo-vs-stock-chtr-daily-20260408-dbv5qy