Correlation Analysis
Broadcom Inc. Common Stock vs Expand Energy Corporation Common Stock
AVGO vs EXE
+0.404
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
Expand Energy Corporation Common Stock
↗EXE
Expand Energy is a North American natural gas producer in the Haynesville and Appalachian basins, formed by the combination of Chesapeake and Southwestern. Its largest operation by volume is the Haynesville basin in Louisiana, which is heavily exposed to nearby LNG production. Appalachia benefits from its proximity to population centers in the Northeast and mid-Atlantic regions.
Market cap 24.9B · 1,600 employees
Who Moves First
EXE leads AVGO by 6 days
EXE tends to move before AVGO.
Best correlation after shifting: +0.405 (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
+0.117
10 periods · Return correlation when both series rose
Both Falling
+0.866
5 periods · Return correlation when both series fell
Diverging
-0.634
20 periods · Return correlation when series moved apart
R-Squared
16.4%
Share of variance in one series explained by the other.
Trend Agreement
51.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
378
Robust shared window — 378 usable pairs.
Significance
p < 0.001
95% CI: [0.316, 0.485]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
378 paired observations survived the daily window.
Raw input
1,254
378
Normalized
1,254
378
Prepared
1,254
378
Aligned
378
378
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
876
A: 876 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Expand Energy Corporation Common Stock
EXE
Market cap 24.9B · 1,600 employees
Stock · 378 raw → 378 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0482
Linear regression slope.
Intercept
91.3439
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
EXE
Expand Energy Corporation Common Stock
Highest
+0.532
VISA Inc.
V · 378 observations
Lowest
+0.058
Exxon Mobil Corporation
XOM · 378 observations
Saved 3 hours ago · ID: stock-avgo-vs-stock-exe-daily-20260408-32a8e0