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Correlation Analysis

HCA Healthcare, Inc. vs Eli Lilly & Co.

HCA vs LLY

+0.871

Very strong positive

When one moves up, the other tends to follow.

HCA logo

HCA Healthcare, Inc.

HCA

HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of December 2025, the firm owned and operated 190 hospitals and over 2,500 outpatient facillities across 19 states and a small foothold in the United Kingdom.

Market cap 108.2B · 320,000 employees

LLY logo

Eli Lilly & Co.

LLY

Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for cardiometabolic; and Taltz and Olumiant for immunology.

Market cap 828.2B · 50,000 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockHealthcareHealthcare

Time Series

Relative Performance

Green: HCAGray: LLY36 of 1,254 points (sampled)

Who Moves First

in sync

HCA and LLY tend to move at the same time.

After testing 13 timing shifts, the strongest relationship was +0.871 (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

+0.103

16 periods · Return correlation when both series rose

Both Falling

+0.773

5 periods · Return correlation when both series fell

Diverging

-0.417

14 periods · Return correlation when series moved apart

R-Squared

76.0%

Share of variance in one series explained by the other.

Trend Agreement

58.9%

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: [0.858, 0.884]

Scatter

XY Regression

1502003004005005641142004006008001,0001,142HCA Healthcare, Inc.Eli Lilly & Co.Data pointsFit (r = 0.871)

Pipeline

Data quality details

Pipeline Summary

1,254 paired data points 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

HCA logo

HCA Healthcare, Inc.

HCA

Market cap 108.2B · 320,000 employees

Stock · 1,254 raw → 1,254 prepared

Series B

LLY logo

Eli Lilly & Co.

LLY

Market cap 828.2B · 50,000 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

3

Estimated crossover points between normalized spreads.

Slope

2.7997

Linear regression slope.

Intercept

-275.6056

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 6 hours ago · ID: stock-hca-vs-stock-lly-daily