Correlation Analysis
Broadcom Inc. Common Stock vs GlobalFoundries Inc. Ordinary Shares
AVGO vs GFS
-0.774
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
GlobalFoundries Inc. Ordinary Shares
↗GFS
GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates, which remains its controlling shareholder today. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and has about 13,000 staff.
Market cap 23.9B · 14,000 employees
Time Series
Rebased to 100
Who Moves First
GFS leads AVGO by 6 days
GFS tends to move before AVGO.
Best correlation after shifting: -0.787 (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
-0.340
15 periods · Return correlation when both series rose
Both Falling
-0.008
10 periods · Return correlation when both series fell
Diverging
-0.655
10 periods · Return correlation when series moved apart
R-Squared
60.0%
Share of variance in one series explained by the other.
Trend Agreement
67.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,113
Deep shared window — 1,113 usable pairs.
Significance
p < 0.001
95% CI: [-0.797, -0.750]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,113 paired observations survived the daily window.
Raw input
1,254
1,113
Normalized
1,254
1,113
Prepared
1,254
1,113
Aligned
1,113
1,113
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
141
A: 141 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
GlobalFoundries Inc. Ordinary Shares
GFS
Market cap 23.9B · 14,000 employees
Stock · 1,113 raw → 1,113 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.0784
Linear regression slope.
Intercept
61.8955
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
GFS
GlobalFoundries Inc. Ordinary Shares
Highest
-0.197
Johnson & Johnson
JNJ · 1,113 observations
Lowest
-0.807
Mastercard Incorporated
MA · 1,113 observations
Saved 3 hours ago · ID: stock-avgo-vs-stock-gfs-daily-20260408-f64qr9