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Correlation Analysis

eBay Inc vs Eli Lilly & Co.

EBAY vs LLY

+0.437

Moderate positive

When one moves up, the other tends to follow.

EBAY logo

eBay Inc

EBAY

EBay operates one of the largest e-commerce marketplaces in the world, with $79.6 billion in 2025 gross merchandise volume, rendering the firm a top 10 global e-commerce company. It generates sales from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting about 135 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2025. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.

Market cap 43.8B · 12,300 employees

LLY logo

Eli Lilly & Co.

LLY

Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for cardiometabolic; and Taltz and Olumiant for immunology.

Market cap 828.2B · 50,000 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockHealthcare

Time Series

Relative Performance

Green: EBAYGray: LLY36 of 1,254 points (sampled)

Who Moves First

LLY leads EBAY by 6 days

LLY tends to move before EBAY.

After testing 13 timing shifts, the strongest relationship was +0.446 (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

-0.099

14 periods · Return correlation when both series rose

Both Falling

+0.718

5 periods · Return correlation when both series fell

Diverging

-0.525

16 periods · Return correlation when series moved apart

R-Squared

19.1%

Share of variance in one series explained by the other.

Trend Agreement

54.3%

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: [0.391, 0.481]

Scatter

XY Regression

34.1405060708090100100.61142004006008001,0001,142eBay IncEli Lilly & Co.Data pointsFit (r = 0.437)

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

EBAY logo

eBay Inc

EBAY

Market cap 43.8B · 12,300 employees

Stock · 1,254 raw → 1,254 prepared

Series B

LLY logo

Eli Lilly & Co.

LLY

Market cap 828.2B · 50,000 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

7

Estimated crossover points between normalized spreads.

Slope

7.3323

Linear regression slope.

Intercept

129.8712

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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