Correlation Analysis
Constellation Energy Corporation Common Stock vs Micron Technology, Inc.
CEG vs MU
+0.648
Moderate positive
When one moves up, the other tends to follow.
Constellation Energy Corporation Common Stock
↗CEG
Constellation Energy Corp producer of carbon-free energy and a supplier of energy products and services. The company offers generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets. It sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its operating segments and reporting units are Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.
Market cap 99.7B · 15,339 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
CEG leads MU by 6 days
CEG tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.663 (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
+0.761
12 periods · Return correlation when both series rose
Both Falling
+0.127
6 periods · Return correlation when both series fell
Diverging
-0.699
17 periods · Return correlation when series moved apart
R-Squared
41.9%
Share of variance in one series explained by the other.
Trend Agreement
62.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,047
Deep shared window — 1,047 usable pairs.
Significance
p < 0.001
95% CI: [0.611, 0.682]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,047 paired data points survived the daily window.
Raw input
1,047
1,254
Normalized
1,047
1,254
Prepared
1,047
1,254
Aligned
1,047
1,047
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
207
A: 0 / B: 207
Series A
Constellation Energy Corporation Common Stock
CEG
Market cap 99.7B · 15,339 employees
Stock · 1,047 raw → 1,047 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
20
Estimated crossover points between normalized spreads.
Slope
0.5320
Linear regression slope.
Intercept
17.7850
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CEG
Constellation Energy Corporation Common Stock
Highest
+0.968
JPMorgan Chase & Co.
JPM · 1,047 data points
Lowest
+0.306
Johnson & Johnson
JNJ · 1,047 data points
Saved 6 hours ago · ID: stock-ceg-vs-stock-mu-daily