Correlation Analysis
Alphabet Inc. Class C Capital Stock vs Block, Inc.
GOOG vs XYZ
-0.041
Near-zero inverse
When one moves up, the other tends to move down.
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
Block, Inc.
↗XYZ
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2024, Square's payment volume was almost USD 250 million.
Market cap 36.4B · 10,205 employees
Time Series
Rebased to 100
Who Moves First
GOOG leads XYZ by 6 days
GOOG tends to move before XYZ.
Best correlation after shifting: -0.065 (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
-0.075
16 periods · Return correlation when both series rose
Both Falling
+0.402
11 periods · Return correlation when both series fell
Diverging
-0.287
8 periods · Return correlation when series moved apart
R-Squared
0.2%
Share of variance in one series explained by the other.
Trend Agreement
60.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
304
Robust shared window — 304 usable pairs.
Significance
n.s.
95% CI: [-0.153, 0.072]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
304 paired observations survived the daily window.
Raw input
1,254
304
Normalized
1,254
304
Prepared
1,254
304
Aligned
304
304
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
950
A: 950 / 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
Block, Inc.
XYZ
Market cap 36.4B · 10,205 employees
Stock · 304 raw → 304 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0065
Linear regression slope.
Intercept
68.2683
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-xyz-daily-20260408-358wfm