Correlation Analysis
Citizens Financial Group, Inc. vs Micron Technology, Inc.
CFG vs MU
+0.654
Strong positive
When one moves up, the other tends to follow.
Citizens Financial Group, Inc.
↗CFG
Citizens Financial Group Inc is a bank holding company headquartered in Providence, Rhode Island. Through its subsidiaries, it offers various retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions. The group's reportable business segments are: Consumer Banking and Commercial Banking. The majority of its revenue is generated from the Consumer Banking segment, which serves consumer customers and small businesses, offering traditional banking products and services, including deposits, mortgage and home equity lending, credit cards, small business loans, education loans, point-of-sale finance loans, and wealth management solutions, among others, through a network of branches and ATMs.
Market cap 26.1B · 17,398 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
in sync
CFG and MU tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.654 (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
+0.119
11 periods · Return correlation when both series rose
Both Falling
+0.242
10 periods · Return correlation when both series fell
Diverging
-0.390
14 periods · Return correlation when series moved apart
R-Squared
42.7%
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
1,254
Deep shared window — 1,254 usable pairs.
Significance
p < 0.001
95% CI: [0.621, 0.684]
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
Citizens Financial Group, Inc.
CFG
Market cap 26.1B · 17,398 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
27
Estimated crossover points between normalized spreads.
Slope
5.5431
Linear regression slope.
Intercept
-123.3123
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CFG
Citizens Financial Group, Inc.
Highest
+0.674
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Lowest
+0.019
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-cfg-vs-stock-mu-daily