Correlation Analysis
Broadcom Inc. Common Stock vs Datadog, Inc. Class A Common Stock
AVGO vs DDOG
+0.424
Moderate 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
Datadog, Inc. Class A Common Stock
↗DDOG
Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered via software as a service, enables clients to monitor and analyze their entire information technology infrastructure, from servers to applications and Python scripts. Datadog's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to utilize it for a variety of applications throughout their businesses to ensure uptime and latency objectives.
Market cap 41.2B · 8,100 employees
Time Series
Rebased to 100
Who Moves First
DDOG leads AVGO by 6 days
DDOG tends to move before AVGO.
Best correlation after shifting: +0.427 (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
+0.369
14 periods · Return correlation when both series rose
Both Falling
+0.528
9 periods · Return correlation when both series fell
Diverging
-0.069
12 periods · Return correlation when series moved apart
R-Squared
18.0%
Share of variance in one series explained by the other.
Trend Agreement
65.0%
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: [0.378, 0.469]
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
Datadog, Inc. Class A Common Stock
DDOG
Market cap 41.2B · 8,100 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.1176
Linear regression slope.
Intercept
101.0453
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
DDOG
Datadog, Inc. Class A Common Stock
Highest
+0.536
NetFlix Inc
NFLX · 1,254 observations
Lowest
-0.142
Exxon Mobil Corporation
XOM · 1,254 observations
Saved 3 hours ago · ID: stock-avgo-vs-stock-ddog-daily-20260408-5lf5x2