Correlation Analysis
CF Industries Holding, Inc. vs Eli Lilly & Co.
CF vs LLY
+0.317
Light positive
When one moves up, the other tends to follow.
CF Industries Holding, Inc.
↗CF
CF Industries is a leading producer and distributor of nitrogen, which is primarily used in fertilizers. The company operates nitrogen manufacturing plants primarily in North America. CF also produces nitrogen in the United Kingdom and holds a joint venture interest in a nitrogen production facility in Trinidad and Tobago. CF makes nitrogen primarily using low-cost US natural gas as its feedstock, making the company one of the lowest-cost nitrogen producers globally. It is also investing in carbon-free blue and green ammonia, which can be used as an alternative fuel to hydrogen or as a means to transport hydrogen.
Market cap 20.1B · 2,900 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
in sync
CF and LLY tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.317 (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
-0.134
9 periods · Return correlation when both series rose
Both Falling
+0.562
5 periods · Return correlation when both series fell
Diverging
-0.440
21 periods · Return correlation when series moved apart
R-Squared
10.1%
Share of variance in one series explained by the other.
Trend Agreement
48.4%
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: [0.267, 0.366]
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
CF Industries Holding, Inc.
CF
Market cap 20.1B · 2,900 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
7
Estimated crossover points between normalized spreads.
Slope
5.4247
Linear regression slope.
Intercept
130.8035
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CF
CF Industries Holding, Inc.
Highest
+0.653
Exxon Mobil Corporation
XOM · 1,254 data points
Lowest
+0.062
NetFlix Inc
NFLX · 1,254 data points
Saved 7 hours ago · ID: stock-cf-vs-stock-lly-daily