Correlation Analysis
Alphabet Inc. Class A Common Stock vs DGS10
GOOGL vs DGS10
+0.351
Light positive
When one moves up, the other tends to follow.
Alphabet Inc. Class A Common Stock
↗GOOGL
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
DGS10
DGS10
Time Series
Rebased to 100
Who Moves First
in sync
GOOGL and DGS10 tend to move at the same time.
Best correlation after shifting: +0.351 (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
-0.034
16 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.613
15 periods · Return correlation when series moved apart
R-Squared
12.3%
Share of variance in one series explained by the other.
Trend Agreement
49.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,244
Deep shared window — 1,244 usable pairs.
Significance
p < 0.001
95% CI: [0.301, 0.399]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,244 paired observations survived the daily window.
Raw input
1,254
16,049
Normalized
1,254
16,049
Prepared
1,254
16,049
Aligned
1,244
1,244
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
14,815
A: 10 / B: 14805
Series A
Alphabet Inc. Class A Common Stock
GOOGL
Market cap 3.6T
Stock · 1,254 raw → 1,254 prepared
Series B
DGS10
FRED · 16,049 raw → 16,049 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
0.0065
Linear regression slope.
Intercept
2.4978
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
GOOGL
Alphabet Inc. Class A Common Stock
Highest
+0.876
Nvidia Corp
NVDA · 1,254 observations
Lowest
+0.099
DGS2
DGS2 · 1,244 observations
Saved 4 hours ago · ID: stock-googl-vs-fred-dgs10-daily-20260408-s0q6xj