Correlation Analysis
Charter Comm Inc Del CL A New vs Micron Technology, Inc.
CHTR vs MU
-0.462
Moderate inverse
When one moves up, the other tends to move down.
Charter Comm Inc Del CL A New
↗CHTR
Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 58 million US homes and businesses, around 35% of the country. Across this footprint, Charter serves 30 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest US cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (Los Angeles Lakers), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1. Charter plans to acquire cable peer Cox.
Market cap 27.4B · 91,900 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
CHTR leads MU by 6 days
CHTR tends to move before MU.
After testing 13 timing shifts, the strongest relationship was -0.467 (they moved in opposite directions).
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
+0.030
7 periods · Return correlation when both series rose
Both Falling
-0.491
12 periods · Return correlation when both series fell
Diverging
-0.517
16 periods · Return correlation when series moved apart
R-Squared
21.4%
Share of variance in one series explained by the other.
Trend Agreement
56.1%
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: [-0.505, -0.417]
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
Charter Comm Inc Del CL A New
CHTR
Market cap 27.4B · 91,900 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
21
Estimated crossover points between normalized spreads.
Slope
-0.2375
Linear regression slope.
Intercept
205.2774
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CHTR
Charter Comm Inc Del CL A New
Highest
-0.214
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.902
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-chtr-vs-stock-mu-daily