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Correlation Analysis

Broadcom Inc. Common Stock vs Robinhood Markets, Inc. Class A Common Stock

AVGO vs HOOD

+0.893

Very strong positive

When one moves up, the other tends to follow.

AVGO logo

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

HOOD logo

Robinhood Markets, Inc. Class A Common Stock

HOOD

Robinhood is a diversified financial services provider best known for its retail brokerage platform, which historically caters to a young, risk-seeking clientele that trades heavily on margin and in higher-risk asset classes like options, futures, cryptocurrencies, and more recently, in prediction markets. As those customers' financial needs have begun to mature, Robinhood has rolled out a suite of more conventional products, from retirement accounts to high-yield cash sweep accounts to nascent advisory services (Robinhood Strategies). With $322 billion in customer assets and 27 million active accounts at year-end 2025, the firm has emerged as a significant player in the large and quickly growing US brokerage market.

Market cap 62.8B · 2,900 employees

Jul 29, 2021 — Apr 7, 2026Daily1,177 data pointsStockStockTechnology

Time Series

Relative Performance

Green: AVGOGray: HOOD36 of 1,177 points (sampled)

Who Moves First

AVGO leads HOOD by 6 days

AVGO tends to move before HOOD.

After testing 13 timing shifts, the strongest relationship was +0.894 (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

+0.643

18 periods · Return correlation when both series rose

Both Falling

+0.285

9 periods · Return correlation when both series fell

Diverging

-0.714

8 periods · Return correlation when series moved apart

R-Squared

79.7%

Share of variance in one series explained by the other.

Trend Agreement

62.7%

How often both series moved in the same direction period-to-period.

Overlap Quality

1,177

Deep shared window — 1,177 usable pairs.

Significance

p < 0.001

95% CI: [0.881, 0.904]

Scatter

XY Regression

19.350100150200250300350373.9-1.1020406080100120140140.1Broadcom Inc. Common StockRobinhood Markets, Inc. Class A Common StockData pointsFit (r = 0.893)

Pipeline

Data quality details

Pipeline Summary

1,177 paired data points survived the daily window.

Raw input

1,254

1,177

Normalized

1,254

1,177

Prepared

1,254

1,177

Aligned

1,177

1,177

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

77

A: 77 / B: 0

Series A

AVGO logo

Broadcom Inc. Common Stock

AVGO

Market cap 1.5T

Stock · 1,254 raw → 1,254 prepared

Series B

HOOD logo

Robinhood Markets, Inc. Class A Common Stock

HOOD

Market cap 62.8B · 2,900 employees

Stock · 1,177 raw → 1,177 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

7

Estimated crossover points between normalized spreads.

Slope

0.3250

Linear regression slope.

Intercept

-10.4508

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 5 hours ago · ID: stock-avgo-vs-stock-hood-daily-20260408-ry7gv7