Correlation Analysis
Broadcom Inc. Common Stock vs Block, Inc.
AVGO vs XYZ
+0.227
Light 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
Block, Inc.
↗XYZ
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2024, Square's payment volume was almost USD 250 million.
Market cap 36.4B · 10,205 employees
Time Series
Rebased to 100
Who Moves First
AVGO leads XYZ by 6 days
AVGO tends to move before XYZ.
Best correlation after shifting: +0.257 (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
+0.141
11 periods · Return correlation when both series rose
Both Falling
+0.374
9 periods · Return correlation when both series fell
Diverging
-0.368
15 periods · Return correlation when series moved apart
R-Squared
5.1%
Share of variance in one series explained by the other.
Trend Agreement
60.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
304
Robust shared window — 304 usable pairs.
Significance
p < 0.001
95% CI: [0.117, 0.331]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
304 paired observations survived the daily window.
Raw input
1,254
304
Normalized
1,254
304
Prepared
1,254
304
Aligned
304
304
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
950
A: 950 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Block, Inc.
XYZ
Market cap 36.4B · 10,205 employees
Stock · 304 raw → 304 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.0348
Linear regression slope.
Intercept
56.7175
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-avgo-vs-stock-xyz-daily-20260408-pflkxu