Correlation Analysis
Cisco Systems, Inc. Common Stock (DE) vs Micron Technology, Inc.
CSCO vs MU
+0.781
Strong positive
When one moves up, the other tends to follow.
Cisco Systems, Inc. Common Stock (DE)
↗CSCO
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.
Market cap 317.7B
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
CSCO and MU tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.781 (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
+0.167
9 periods · Return correlation when both series rose
Both Falling
+0.362
7 periods · Return correlation when both series fell
Diverging
-0.676
19 periods · Return correlation when series moved apart
R-Squared
60.9%
Share of variance in one series explained by the other.
Trend Agreement
64.3%
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: [0.758, 0.801]
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
Cisco Systems, Inc. Common Stock (DE)
CSCO
Market cap 317.7B
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
29
Estimated crossover points between normalized spreads.
Slope
6.3769
Linear regression slope.
Intercept
-247.2976
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CSCO
Cisco Systems, Inc. Common Stock (DE)
Highest
+0.844
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.326
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 5 hours ago · ID: stock-csco-vs-stock-mu-daily