Correlation Analysis
Broadcom Inc. Common Stock vs Interactive Brokers Group, Inc. Class A Common Stock
AVGO vs IBKR
+0.978
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
Interactive Brokers Group, Inc. Class A Common Stock
↗IBKR
Interactive Brokers is a large, automated, retail and institutional brokerage that boasted nearly $780 billion in customer equity at the end of 2025. The company cut its teeth as a market maker, introducing US financial markets to automated and algorithmic training before expanding into brokerage services in 1993. The firm has a wide-ranging client base, with its best-in-class order execution and extremely low margin lending rates catering to a sophisticated audience of hedge funds, proprietary traders, and introducing brokers that account for about 45% of the firm's commissions. With operations spanning more than 160 electronic exchanges, 36 countries, and 28 currencies, Interactive Brokers caters to a global clientele, with more than 80% of active accounts sitting outside the US.
Market cap 30.6B · 3,182 employees
Time Series
Rebased to 100
Who Moves First
AVGO leads IBKR by 6 days
AVGO tends to move before IBKR.
Best correlation after shifting: +0.978 (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
+0.441
17 periods · Return correlation when both series rose
Both Falling
+0.956
7 periods · Return correlation when both series fell
Diverging
-0.526
11 periods · Return correlation when series moved apart
R-Squared
95.6%
Share of variance in one series explained by the other.
Trend Agreement
62.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,254
Deep shared window — 1,254 usable pairs.
Significance
p < 0.001
95% CI: [0.975, 0.980]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired observations survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Interactive Brokers Group, Inc. Class A Common Stock
IBKR
Market cap 30.6B · 3,182 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
0.1795
Linear regression slope.
Intercept
6.9694
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
IBKR
Interactive Brokers Group, Inc. Class A Common Stock
Highest
+0.976
Walmart Inc. Common Stock
WMT · 1,254 observations
Lowest
+0.482
Johnson & Johnson
JNJ · 1,254 observations
Saved 3 hours ago · ID: stock-avgo-vs-stock-ibkr-daily-20260408-4fqvvv