Correlation Analysis
Broadcom Inc. Common Stock vs GE HealthCare Technologies Inc. Common Stock
AVGO vs GEHC
+0.107
Weak 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
GE HealthCare Technologies Inc. Common Stock
↗GEHC
GE HealthCare Technologies is a leading medical technology firm with leading market share in imaging and ultrasound equipment. The company reports four major segments: imaging (45% of revenue), advanced visualization solutions (26%), patient care solutions (15%), and pharmaceutical diagnostics (14%). The company's sales are geographically diverse, with the United States, EMEA, China, and the rest of the world accounting for 46%, 26%, 11%, and 17% respectively. We estimate approximately half of its revenue is recurring, which consists of servicing (about one third of revenue), pharmaceutical diagnostics (about 10%-15%), and digital solutions (just over 5%).
Market cap 32.1B · 54,000 employees
Time Series
Relative Performance
Who Moves First
in sync
AVGO and GEHC tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.107 (they moved in the same direction).
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
-0.396
13 periods · Return correlation when both series rose
Both Falling
+0.408
8 periods · Return correlation when both series fell
Diverging
-0.631
14 periods · Return correlation when series moved apart
R-Squared
1.1%
Share of variance in one series explained by the other.
Trend Agreement
59.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
816
Deep shared window — 816 usable pairs.
Significance
p < 0.01
95% CI: [0.038, 0.174]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
816 paired data points survived the daily window.
Raw input
1,254
816
Normalized
1,254
816
Prepared
1,254
816
Aligned
816
816
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
438
A: 438 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
GE HealthCare Technologies Inc. Common Stock
GEHC
Market cap 32.1B · 54,000 employees
Stock · 816 raw → 816 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
0.0079
Linear regression slope.
Intercept
76.5844
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AVGO
Broadcom Inc. Common Stock
Highest
+0.981
GE Aerospace
GE · 1,254 data points
Lowest
-0.903
The Kraft Heinz Company Common Stock
KHC · 1,254 data points
GEHC
GE HealthCare Technologies Inc. Common Stock
Highest
+0.376
Eli Lilly & Co.
LLY · 816 data points
Lowest
-0.023
Johnson & Johnson
JNJ · 816 data points
Saved 5 hours ago · ID: stock-avgo-vs-stock-gehc-daily-20260408-fr0ttc