Correlation Analysis
Alphabet Inc. Class C Capital Stock vs Cencora, Inc.
GOOG vs COR
+0.852
Very strong positive
When one moves up, the other tends to follow.
Alphabet Inc. Class C Capital Stock
↗GOOG
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV and YouTube Music, among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform accounts for roughly 10% of Alphabet's revenue. The firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) make up the rest.
Market cap 3.6T · 190,820 employees
Cencora, Inc.
↗COR
Cencora is one of three leading domestic pharmaceutical wholesalers. It sources and distributes branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. It and McKesson and Cardinal Health hold over 90% share of the US pharmaceutical wholesale industry. Cencora also provides commercialization services for manufacturers of pharmaceuticals and medical devices, global specialty drug logistics (World Courier), and animal health product distribution (MWI Animal Health). Cencora expanded its international presence in 2021 by purchasing Alliance Healthcare, one of the leading drug wholesalers in Europe.
Market cap 62.4B · 51,000 employees
Time Series
Rebased to 100
Who Moves First
COR leads GOOG by 6 days
COR tends to move before GOOG.
Best correlation after shifting: +0.856 (13 shifts scanned)
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
+0.460
17 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-0.670
15 periods · Return correlation when series moved apart
R-Squared
72.7%
Share of variance in one series explained by the other.
Trend Agreement
49.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
834
Deep shared window — 834 usable pairs.
Significance
p < 0.001
95% CI: [0.833, 0.870]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
834 paired observations survived the daily window.
Raw input
1,254
834
Normalized
1,254
834
Prepared
1,254
834
Aligned
834
834
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
420
A: 420 / B: 0
Series A
Alphabet Inc. Class C Capital Stock
GOOG
Market cap 3.6T · 190,820 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Cencora, Inc.
COR
Market cap 62.4B · 51,000 employees
Stock · 834 raw → 834 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
34
Estimated crossover points between normalized spreads.
Slope
1.0019
Linear regression slope.
Intercept
54.6074
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
GOOG
Alphabet Inc. Class C Capital Stock
Highest
+0.948
Amphenol Corporation
APH · 1,254 observations
Lowest
-0.861
Fiserv, Inc. Common Stock
FISV · 644 observations
Saved 3 hours ago · ID: stock-goog-vs-stock-cor-daily-20260408-tja2dt