Correlation Analysis
DoorDash, Inc. Class A Common Stock vs Micron Technology, Inc.
DASH vs MU
+0.460
Moderate positive
When one moves up, the other tends to follow.
DoorDash, Inc. Class A Common Stock
↗DASH
Founded in 2013 within the confines of the San Francisco application renaissance, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food on demand for delivery or in-store pickup from participating merchants. Following the 2022 acquisition of Wolt, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. The firm provides similar services to non-restaurant businesses, such as grocery, retail, and pet supplies. DoorDash is also rolling out emerging technologies, such as drone delivery, to continually innovate and deliver the best possible service to both supply-side and demand-side participants in its marketplace.
Market cap 67.4B · 31,400 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
DASH leads MU by 6 days
DASH tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.485 (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
+0.244
10 periods · Return correlation when both series rose
Both Falling
-0.164
9 periods · Return correlation when both series fell
Diverging
-0.766
16 periods · Return correlation when series moved apart
R-Squared
21.1%
Share of variance in one series explained by the other.
Trend Agreement
62.3%
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: [0.415, 0.502]
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
DoorDash, Inc. Class A Common Stock
DASH
Market cap 67.4B · 31,400 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
13
Estimated crossover points between normalized spreads.
Slope
0.5748
Linear regression slope.
Intercept
29.0792
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
DASH
DoorDash, Inc. Class A Common Stock
Highest
+0.886
NetFlix Inc
NFLX · 1,254 data points
Lowest
-0.011
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-dash-vs-stock-mu-daily