Correlation Analysis
Broadcom Inc. Common Stock vs EXAS
AVGO vs EXAS
-0.046
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
EXAS
EXAS
Time Series
Rebased to 100
Who Moves First
EXAS leads AVGO by 6 days
EXAS tends to move before AVGO.
Best correlation after shifting: -0.070 (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
+0.213
11 periods · Return correlation when both series rose
Both Falling
+0.128
7 periods · Return correlation when both series fell
Diverging
-0.359
17 periods · Return correlation when series moved apart
R-Squared
0.2%
Share of variance in one series explained by the other.
Trend Agreement
58.1%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,243
Deep shared window — 1,243 usable pairs.
Significance
n.s.
95% CI: [-0.101, 0.009]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,243 paired observations survived the daily window.
Raw input
1,254
1,243
Normalized
1,254
1,243
Prepared
1,254
1,243
Aligned
1,243
1,243
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11
A: 11 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
EXAS
Stock · 1,243 raw → 1,243 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
-0.0106
Linear regression slope.
Intercept
70.3091
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-avgo-vs-stock-exas-daily-20260408-s9m0yr