Correlation Analysis
Broadcom Inc. Common Stock vs Corpay, Inc.
AVGO vs CPAY
-0.039
Near-zero 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
Corpay, Inc.
↗CPAY
Corpay Inc is a corporate payments company that helps businesses and consumers manage and pay their expenses. The company offers payment and spend management solutions, including accounts payable automation, cross-border payments, commercial card programs, vehicle payment solutions, and lodging payment services. Its reportable segments are: Corporate Payments, Vehicle Payments, Lodging Payments and Other. The majority of the company's revenue is derived from the Vehicle Payments segment, which helps customers to pay for vehicle related expenses. Geographically, it derives the maximum revenue from the United States and the rest from Brazil, the United Kingdom and other countries.
Market cap 20.3B · 11,800 employees
Time Series
Rebased to 100
Who Moves First
CPAY leads AVGO by 4 days
CPAY tends to move before AVGO.
Best correlation after shifting: -0.050 (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
-0.170
9 periods · Return correlation when both series rose
Both Falling
+0.310
7 periods · Return correlation when both series fell
Diverging
-0.606
19 periods · Return correlation when series moved apart
R-Squared
0.2%
Share of variance in one series explained by the other.
Trend Agreement
51.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
510
Robust shared window — 510 usable pairs.
Significance
n.s.
95% CI: [-0.125, 0.048]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
510 paired observations survived the daily window.
Raw input
1,254
510
Normalized
1,254
510
Prepared
1,254
510
Aligned
510
510
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
744
A: 744 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Corpay, Inc.
CPAY
Market cap 20.3B · 11,800 employees
Stock · 510 raw → 510 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.0151
Linear regression slope.
Intercept
321.1392
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-avgo-vs-stock-cpay-daily-20260408-9f8v5t