Correlation Analysis
Fidelity National Information Services, Inc. vs Micron Technology, Inc.
FIS vs MU
-0.293
Light inverse
When one moves up, the other tends to move down.
Fidelity National Information Services, Inc.
↗FIS
Fidelity National Information Services provides core processing and ancillary services to banks, but its business has expanded over time. By acquiring SunGard in 2015, the company now provides record-keeping and other services to investment firms. In a recent deal with Global Payments, FIS sold off its remaining interest in Worldpay and acquired Global Payment's issuer processing business.
Market cap 24B · 44,000 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
in sync
FIS and MU tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was -0.293 (they moved in opposite directions).
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
+0.450
9 periods · Return correlation when both series rose
Both Falling
-0.583
14 periods · Return correlation when both series fell
Diverging
-0.758
12 periods · Return correlation when series moved apart
R-Squared
8.6%
Share of variance in one series explained by the other.
Trend Agreement
57.7%
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: [-0.343, -0.242]
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
Fidelity National Information Services, Inc.
FIS
Market cap 24B · 44,000 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
35
Estimated crossover points between normalized spreads.
Slope
-0.8734
Linear regression slope.
Intercept
178.7935
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
FIS
Fidelity National Information Services, Inc.
Highest
-0.050
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Lowest
-0.837
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-fis-vs-stock-mu-daily