Correlation Analysis
Broadcom Inc. Common Stock vs Cencora, Inc.
AVGO vs COR
+0.944
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
Cencora, Inc.
↗COR
Cencora is one of three leading domestic pharmaceutical wholesalers. It sources and distributes branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. It and McKesson and Cardinal Health hold over 90% share of the US pharmaceutical wholesale industry. Cencora also provides commercialization services for manufacturers of pharmaceuticals and medical devices, global specialty drug logistics (World Courier), and animal health product distribution (MWI Animal Health). Cencora expanded its international presence in 2021 by purchasing Alliance Healthcare, one of the leading drug wholesalers in Europe.
Market cap 62.4B · 51,000 employees
Time Series
Rebased to 100
Who Moves First
COR leads AVGO by 6 days
COR tends to move before AVGO.
Best correlation after shifting: +0.945 (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
-0.128
17 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.627
14 periods · Return correlation when series moved apart
R-Squared
89.1%
Share of variance in one series explained by the other.
Trend Agreement
50.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
834
Deep shared window — 834 usable pairs.
Significance
p < 0.001
95% CI: [0.936, 0.951]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
834 paired observations survived the daily window.
Raw input
1,254
834
Normalized
1,254
834
Prepared
1,254
834
Aligned
834
834
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
420
A: 420 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Cencora, Inc.
COR
Market cap 62.4B · 51,000 employees
Stock · 834 raw → 834 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
29
Estimated crossover points between normalized spreads.
Slope
0.6174
Linear regression slope.
Intercept
128.3185
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-avgo-vs-stock-cor-daily-20260408-pz5qk4