Correlation Analysis
Equinix, Inc. Common Stock REIT vs Eli Lilly & Co.
EQIX vs LLY
+0.563
Moderate positive
When one moves up, the other tends to follow.
Equinix, Inc. Common Stock REIT
↗EQIX
Equinix is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and businesses. Equinix operates 270 properties in 77 metropolitan areas across 36 countries, serving over 10,000 customers. About 70% of Equinix's revenue comes from renting physical space, which allows hyperscalers and other clients to store servers, data storage, and networking equipment. The other 30% of revenue is generated primarily through interconnection services (20%) and other managed services (10%).
Market cap 100.2B · 13,716 employees
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
Time Series
Relative Performance
Who Moves First
LLY leads EQIX by 6 days
LLY tends to move before EQIX.
After testing 13 timing shifts, the strongest relationship was +0.565 (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
-0.369
13 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.489
18 periods · Return correlation when series moved apart
R-Squared
31.7%
Share of variance in one series explained by the other.
Trend Agreement
60.6%
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: [0.524, 0.600]
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
Equinix, Inc. Common Stock REIT
EQIX
Market cap 100.2B · 13,716 employees
Stock · 1,254 raw → 1,254 prepared
Series B
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
13
Estimated crossover points between normalized spreads.
Slope
1.7316
Linear regression slope.
Intercept
-780.7419
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
EQIX
Equinix, Inc. Common Stock REIT
Highest
+0.649
NetFlix Inc
NFLX · 1,254 data points
Lowest
+0.111
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-eqix-vs-stock-lly-daily