Correlation Analysis
Broadcom Inc. Common Stock vs Medline Inc. Class A common stock
AVGO vs MDLN
-0.141
Weak 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
Medline Inc. Class A common stock
↗MDLN
Medline is the largest medical-surgical products and supply chain solutions provider in the US. The company generates over 90% of its revenue domestically and serves some of the largest US health systems. Medline offers approximately 190,000 Medline-branded products across more than 250 product families—including front line care, surgical solutions, and laboratory and diagnostics—as well as roughly 150,000 third-party products sourced from over 1,250 vendors. The company maintains prime vendor relationships with many customers, acting as the primary consolidated logistics partner for their medical-surgical needs. Medline has significant scale, supported by more than 30 manufacturing facilities and a fleet of over 2,000 owned delivery trucks. Medline went public in December 2025.
Market cap 35.6B · 45,000 employees
Who Moves First
AVGO leads MDLN by 2 days
AVGO tends to move before MDLN.
Best correlation after shifting: -0.254 (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
+0.347
11 periods · Return correlation when both series rose
Both Falling
-0.654
11 periods · Return correlation when both series fell
Diverging
-0.783
13 periods · Return correlation when series moved apart
R-Squared
2.0%
Share of variance in one series explained by the other.
Trend Agreement
56.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
75
Thin shared window — 75 usable pairs.
Significance
n.s.
95% CI: [-0.356, 0.089]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
75 paired observations survived the daily window.
Raw input
1,254
75
Normalized
1,254
75
Prepared
1,254
75
Aligned
75
75
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,179
A: 1179 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Medline Inc. Class A common stock
MDLN
Market cap 35.6B · 45,000 employees
Stock · 75 raw → 75 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.0253
Linear regression slope.
Intercept
52.2223
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
MDLN
Medline Inc. Class A common stock
Highest
+0.529
Johnson & Johnson
JNJ · 75 observations
Lowest
-0.600
NetFlix Inc
NFLX · 75 observations
Saved 3 hours ago · ID: stock-avgo-vs-stock-mdln-daily-20260408-v41a02