Correlation Analysis
Axon Enterprise, Inc. Common Stock vs Eli Lilly & Co.
AXON vs LLY
+0.766
Strong positive
When one moves up, the other tends to follow.
Axon Enterprise, Inc. Common Stock
↗AXON
Axon Enterprise Inc is building a public safety operating system by integrating a suite of hardware devices and cloud software solutions. The company's suite includes cloud-hosted digital evidence management solutions, TASER energy devices, drones and robotic security, and training solutions. Its operation comprises of two operating segments, Software and Services, and Connected Devices. The company generates the majority of its revenue from the Connected Devices segment, which is engaged in developing, manufacturing, and selling fully integrated hardware solutions such as conducted energy devices sold under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, and a broad ecosystem of accessories, extended warranties and related hardware products.
Market cap 33.2B · 6,300 employees
Eli Lilly & Co.
↗LLY
Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for cardiometabolic; and Taltz and Olumiant for immunology.
Market cap 828.2B · 50,000 employees
Time Series
Relative Performance
Who Moves First
LLY leads AXON by 6 days
LLY tends to move before AXON.
After testing 13 timing shifts, the strongest relationship was +0.767 (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
+0.059
14 periods · Return correlation when both series rose
Both Falling
+0.592
6 periods · Return correlation when both series fell
Diverging
-0.736
15 periods · Return correlation when series moved apart
R-Squared
58.7%
Share of variance in one series explained by the other.
Trend Agreement
54.6%
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: [0.742, 0.788]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points 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
Axon Enterprise, Inc. Common Stock
AXON
Market cap 33.2B · 6,300 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Eli Lilly & Co.
LLY
Market cap 828.2B · 50,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
0.9875
Linear regression slope.
Intercept
249.2482
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AXON
Axon Enterprise, Inc. Common Stock
Highest
+0.952
VISA Inc.
V · 1,254 data points
Lowest
+0.141
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-axon-vs-stock-lly-daily