Correlation Analysis
The Hartford Insurance Group, Inc. vs Micron Technology, Inc.
HIG vs MU
+0.686
Strong positive
When one moves up, the other tends to follow.
The Hartford Insurance Group, Inc.
↗HIG
The Hartford Insurance Group Inc. provides property and casualty insurance, group benefits, and mutual funds. The company is widely recognized for its service excellence, sustainability practices, trust, and integrity. The Company currently conducts business principally in five reportable segments, including Business Insurance, Personal Insurance, Property & Casualty Other Operations, Employee Benefits, and Hartford Funds, as well as a Corporate category. The company generates a majority of its revenue from Business Insurance.
Market cap 37.6B · 19,200 employees
Micron Technology, Inc.
↗MU
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Market cap 426B · 53,000 employees
Time Series
Relative Performance
Who Moves First
HIG leads MU by 6 days
HIG tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.691 (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
-0.222
9 periods · Return correlation when both series rose
Both Falling
+0.093
7 periods · Return correlation when both series fell
Diverging
-0.742
19 periods · Return correlation when series moved apart
R-Squared
47.0%
Share of variance in one series explained by the other.
Trend Agreement
58.1%
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: [0.655, 0.714]
Scatter
XY Regression
Pipeline
Data quality details
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
The Hartford Insurance Group, Inc.
HIG
Market cap 37.6B · 19,200 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Micron Technology, Inc.
MU
Market cap 426B · 53,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
30
Estimated crossover points between normalized spreads.
Slope
2.0739
Linear regression slope.
Intercept
-82.5723
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
HIG
The Hartford Insurance Group, Inc.
Highest
+0.958
Walmart Inc. Common Stock
WMT · 1,254 data points
Lowest
+0.349
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-hig-vs-stock-mu-daily