Correlation Analysis
Grayscale Bitcoin Trust ETF vs Micron Technology, Inc.
GBTC vs MU
+0.462
Moderate positive
When one moves up, the other tends to follow.
Grayscale Bitcoin Trust ETF
GBTC
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
GBTC leads MU by 6 days
GBTC tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.481 (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
+0.026
17 periods · Return correlation when both series rose
Both Falling
+0.305
11 periods · Return correlation when both series fell
Diverging
-0.648
7 periods · Return correlation when series moved apart
R-Squared
21.4%
Share of variance in one series explained by the other.
Trend Agreement
62.1%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,066
Deep shared window — 1,066 usable pairs.
Significance
p < 0.001
95% CI: [0.414, 0.508]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,066 paired data points survived the daily window.
Raw input
1,066
1,254
Normalized
1,066
1,254
Prepared
1,066
1,254
Aligned
1,066
1,066
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
188
A: 0 / B: 188
Series A
Grayscale Bitcoin Trust ETF
GBTC
Stock · 1,066 raw → 1,066 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
11
Estimated crossover points between normalized spreads.
Slope
1.4208
Linear regression slope.
Intercept
49.2308
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-gbtc-vs-stock-mu-daily