Correlation Analysis
Fiserv, Inc. Common Stock vs Micron Technology, Inc.
FISV vs MU
-0.856
Very strong inverse
When one moves up, the other tends to move down.
Fiserv, Inc. Common Stock
↗FISV
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for US banks and credit unions, with a focus on small and midsize banks. Following its 2019 merger with First Data, Fiserv also provides payment processing services to merchants. About 10% of the company's revenue is generated internationally.
Market cap 30B · 38,000 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
FISV and MU tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was -0.856 (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
+0.148
6 periods · Return correlation when both series rose
Both Falling
-0.165
10 periods · Return correlation when both series fell
Diverging
-0.778
19 periods · Return correlation when series moved apart
R-Squared
73.3%
Share of variance in one series explained by the other.
Trend Agreement
61.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
644
Robust shared window — 644 usable pairs.
Significance
p < 0.001
95% CI: [-0.876, -0.834]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
644 paired data points survived the daily window.
Raw input
644
1,254
Normalized
644
1,254
Prepared
644
1,254
Aligned
644
644
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
610
A: 0 / B: 610
Series A
Fiserv, Inc. Common Stock
FISV
Market cap 30B · 38,000 employees
Stock · 644 raw → 644 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
1
Estimated crossover points between normalized spreads.
Slope
-5.0712
Linear regression slope.
Intercept
614.8433
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-fisv-vs-stock-mu-daily