Correlation Analysis
Broadcom Inc. Common Stock vs GE Vernova Inc.
AVGO vs GEV
+0.910
Very strong 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 Vernova Inc.
↗GEV
GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.
Market cap 241.3B · 75,000 employees
Time Series
Relative Performance
Who Moves First
in sync
AVGO and GEV tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.910 (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
-0.176
17 periods · Return correlation when both series rose
Both Falling
+0.397
8 periods · Return correlation when both series fell
Diverging
-0.695
10 periods · Return correlation when series moved apart
R-Squared
82.8%
Share of variance in one series explained by the other.
Trend Agreement
64.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
505
Robust shared window — 505 usable pairs.
Significance
p < 0.001
95% CI: [0.893, 0.924]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
505 paired data points survived the daily window.
Raw input
1,254
505
Normalized
1,254
505
Prepared
1,254
505
Aligned
505
505
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
749
A: 749 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
GE Vernova Inc.
GEV
Market cap 241.3B · 75,000 employees
Stock · 505 raw → 505 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
2.4320
Linear regression slope.
Intercept
-150.5408
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
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