Correlation Analysis
Broadcom Inc. Common Stock vs Samsara Inc.
AVGO vs IOT
+0.666
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
Samsara Inc.
↗IOT
Samsara Inc provides an end-to-end solution for operations. The company's Connected Operations Platform consolidates data from its IoT devices and a growing ecosystem of connected assets and third-party systems, and makes it easy for organizations to access, analyze, and act on data insights using its cloud dashboard, custom alerts and reports, mobile apps, and workflows. The company derives almost all of its revenue from subscription services. Geographically, it derives a majority of its revenue from the United States. The company's customers range from small and medium-sized businesses to state and local governments.
Market cap 18.3B · 4,100 employees
Time Series
Rebased to 100
Who Moves First
IOT leads AVGO by 6 days
IOT tends to move before AVGO.
Best correlation after shifting: +0.670 (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
+0.402
14 periods · Return correlation when both series rose
Both Falling
+0.810
9 periods · Return correlation when both series fell
Diverging
-0.813
12 periods · Return correlation when series moved apart
R-Squared
44.3%
Share of variance in one series explained by the other.
Trend Agreement
65.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,080
Deep shared window — 1,080 usable pairs.
Significance
p < 0.001
95% CI: [0.631, 0.698]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,080 paired observations survived the daily window.
Raw input
1,254
1,080
Normalized
1,254
1,080
Prepared
1,254
1,080
Aligned
1,080
1,080
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
174
A: 174 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Samsara Inc.
IOT
Market cap 18.3B · 4,100 employees
Stock · 1,080 raw → 1,080 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
0.0803
Linear regression slope.
Intercept
17.4019
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-avgo-vs-stock-iot-daily-20260408-3u607o