Correlation Analysis
Broadcom Inc. Common Stock vs Fiserv, Inc. Common Stock
AVGO vs FISV
-0.886
Very strong 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
Fiserv, Inc. Common Stock
↗FISV
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for US banks and credit unions, with a focus on small and midsize banks. Following its 2019 merger with First Data, Fiserv also provides payment processing services to merchants. About 10% of the company's revenue is generated internationally.
Market cap 30B · 38,000 employees
Time Series
Rebased to 100
Who Moves First
in sync
AVGO and FISV tend to move at the same time.
Best correlation after shifting: -0.886 (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
-0.086
8 periods · Return correlation when both series rose
Both Falling
+0.054
14 periods · Return correlation when both series fell
Diverging
-0.967
13 periods · Return correlation when series moved apart
R-Squared
78.5%
Share of variance in one series explained by the other.
Trend Agreement
61.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
644
Robust shared window — 644 usable pairs.
Significance
p < 0.001
95% CI: [-0.902, -0.868]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
644 paired observations survived the daily window.
Raw input
1,254
644
Normalized
1,254
644
Prepared
1,254
644
Aligned
644
644
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
610
A: 610 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Fiserv, Inc. Common Stock
FISV
Market cap 30B · 38,000 employees
Stock · 644 raw → 644 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.1481
Linear regression slope.
Intercept
113.9079
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
FISV
Fiserv, Inc. Common Stock
Highest
-0.632
NetFlix Inc
NFLX · 644 observations
Lowest
-0.886
Johnson & Johnson
JNJ · 644 observations
Saved 3 hours ago · ID: stock-avgo-vs-stock-fisv-daily-20260408-oijiq0