Correlation Analysis
Broadridge Financial Solutions Inc vs Micron Technology, Inc.
BR vs MU
+0.310
Light positive
When one moves up, the other tends to follow.
Broadridge Financial Solutions Inc
↗BR
Broadridge Financial Solutions, which was spun off from Automatic Data Processing in 2007, is a leading provider of investor communication and technology-driven solutions to banks, broker/dealers, traditional and alternative-asset managers, wealth managers, and corporate issuers. Broadridge is composed of two operating segments: investor communication solutions and global technology and operations.
Market cap 19B · 15,000 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
BR leads MU by 6 days
BR tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.349 (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
-0.416
12 periods · Return correlation when both series rose
Both Falling
-0.131
9 periods · Return correlation when both series fell
Diverging
-0.943
14 periods · Return correlation when series moved apart
R-Squared
9.6%
Share of variance in one series explained by the other.
Trend Agreement
56.0%
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: [0.259, 0.359]
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
Broadridge Financial Solutions Inc
BR
Market cap 19B · 15,000 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
44
Estimated crossover points between normalized spreads.
Slope
0.6971
Linear regression slope.
Intercept
-23.2378
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
BR
Broadridge Financial Solutions Inc
Highest
+0.912
Mastercard Incorporated
MA · 1,254 data points
Lowest
-0.072
Johnson & Johnson
JNJ · 1,254 data points
Saved 5 hours ago · ID: stock-br-vs-stock-mu-daily