Correlation Analysis
Cognizant Technology Solutions vs Micron Technology, Inc.
CTSH vs MU
+0.083
Weak positive
When one moves up, the other tends to follow.
Cognizant Technology Solutions
↗CTSH
Cognizant Technology Solutions is a multinational IT services provider that offers a range of consulting and business process outsourcing services. Originally founded in India, the company is headquartered in the US and serves enterprise customers spanning the financial services, healthcare, and resources industries. With most of its workforce located in India, Cognizant leverages a global delivery model that helps clients outsource their IT needs to offshore labor.
Market cap 29.8B · 351,600 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
CTSH leads MU by 6 days
CTSH tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.116 (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
-0.058
10 periods · Return correlation when both series rose
Both Falling
+0.341
11 periods · Return correlation when both series fell
Diverging
-0.867
14 periods · Return correlation when series moved apart
R-Squared
0.7%
Share of variance in one series explained by the other.
Trend Agreement
61.1%
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 < 0.01
95% CI: [0.028, 0.138]
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
Cognizant Technology Solutions
CTSH
Market cap 29.8B · 351,600 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
9
Estimated crossover points between normalized spreads.
Slope
0.7876
Linear regression slope.
Intercept
49.9261
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CTSH
Cognizant Technology Solutions
Highest
+0.338
NetFlix Inc
NFLX · 1,254 data points
Lowest
-0.295
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-ctsh-vs-stock-mu-daily