Correlation Analysis
Booking Holdings Inc. Common Stock vs Micron Technology, Inc.
BKNG vs MU
+0.523
Moderate positive
When one moves up, the other tends to follow.
Booking Holdings Inc. Common Stock
↗BKNG
Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airlines, rental cars, restaurants, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, Rentalcars.com, and Kayak. Transaction fees for online bookings account for the bulk of revenue and profits.
Market cap 139.5B · 24,300 employees
Micron Technology, Inc.
↗MU
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Market cap 426B · 53,000 employees
Time Series
Relative Performance
Who Moves First
BKNG leads MU by 6 days
BKNG tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.541 (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
+0.453
10 periods · Return correlation when both series rose
Both Falling
+0.454
9 periods · Return correlation when both series fell
Diverging
-0.949
16 periods · Return correlation when series moved apart
R-Squared
27.4%
Share of variance in one series explained by the other.
Trend Agreement
61.4%
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: [0.482, 0.562]
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
Booking Holdings Inc. Common Stock
BKNG
Market cap 139.5B · 24,300 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Micron Technology, Inc.
MU
Market cap 426B · 53,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
24
Estimated crossover points between normalized spreads.
Slope
0.8278
Linear regression slope.
Intercept
-4.8910
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
BKNG
Booking Holdings Inc. Common Stock
Highest
+0.979
Mastercard Incorporated
MA · 1,254 data points
Lowest
+0.122
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-bkng-vs-stock-mu-daily