Correlation Analysis
Broadcom Inc. Common Stock vs Credo Technology Group Holding Ltd Ordinary Shares
AVGO vs CRDO
+0.957
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
Credo Technology Group Holding Ltd Ordinary Shares
↗CRDO
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.
Market cap 18.9B · 622 employees
Who Moves First
in sync
AVGO and CRDO tend to move at the same time.
Best correlation after shifting: +0.957 (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
+0.614
19 periods · Return correlation when both series rose
Both Falling
+0.670
10 periods · Return correlation when both series fell
Diverging
-0.376
6 periods · Return correlation when series moved apart
R-Squared
91.7%
Share of variance in one series explained by the other.
Trend Agreement
70.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,051
Deep shared window — 1,051 usable pairs.
Significance
p < 0.001
95% CI: [0.952, 0.962]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,051 paired observations survived the daily window.
Raw input
1,254
1,051
Normalized
1,254
1,051
Prepared
1,254
1,051
Aligned
1,051
1,051
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
203
A: 203 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Credo Technology Group Holding Ltd Ordinary Shares
CRDO
Market cap 18.9B · 622 employees
Stock · 1,051 raw → 1,051 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
0.4340
Linear regression slope.
Intercept
-21.3895
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
CRDO
Credo Technology Group Holding Ltd Ordinary Shares
Highest
+0.906
JPMorgan Chase & Co.
JPM · 1,051 observations
Lowest
+0.489
Exxon Mobil Corporation
XOM · 1,051 observations
Saved 3 hours ago · ID: stock-avgo-vs-stock-crdo-daily-20260408-30kvxt