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Correlation Analysis

Alphabet Inc. Class C Capital Stock vs Constellation Brands, Inc.

GOOG vs STZ

-0.750

Strong inverse

When one moves up, the other tends to move down.

GOOG logo

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

STZ logo

Constellation Brands, Inc.

STZ

Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating 84% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company has pruned assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has limited revenue exposure to international markets. Constellation owns a 10% stake in Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Market cap 26.9B · 10,600 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 observationsStockStockTechnology

Time Series

Rebased to 100

Green: GOOGGray: STZ36 of 1,254 points (sampled)

Who Moves First

STZ leads GOOG by 6 days

STZ tends to move before GOOG.

Best correlation after shifting: -0.753 (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

-0.425

11 periods · Return correlation when both series rose

Both Falling

-0.515

5 periods · Return correlation when both series fell

Diverging

-0.728

19 periods · Return correlation when series moved apart

R-Squared

56.3%

Share of variance in one series explained by the other.

Trend Agreement

56.7%

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: [-0.774, -0.725]

Scatter

XY Regression

72.7100150200250300326.9117.7120140160180200220240260280280.4Alphabet Inc. Class C Capital StockConstellation Brands, Inc.Data pointsFit (r = -0.75)

Pipeline

Data quality details

Pipeline Summary

1,254 paired observations 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

GOOG logo

Alphabet Inc. Class C Capital Stock

GOOG

Market cap 3.6T · 190,820 employees

Stock · 1,254 raw → 1,254 prepared

Series B

STZ logo

Constellation Brands, Inc.

STZ

Market cap 26.9B · 10,600 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

-0.4850

Linear regression slope.

Intercept

296.7927

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 3 hours ago · ID: stock-goog-vs-stock-stz-daily-20260408-87pwc7