Correlation Analysis
Honeywell International, Inc. vs Micron Technology, Inc.
HON vs MU
+0.533
Moderate positive
When one moves up, the other tends to follow.
Honeywell International, Inc.
↗HON
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies, industrial automation, energy and sustainability solutions, and building automation. Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around one third of its revenue from recurring aftermarket services.
Market cap 145.1B · 101,000 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
MU leads HON by 6 days
MU tends to move before HON.
After testing 13 timing shifts, the strongest relationship was +0.545 (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
+0.519
9 periods · Return correlation when both series rose
Both Falling
+0.521
11 periods · Return correlation when both series fell
Diverging
-0.683
15 periods · Return correlation when series moved apart
R-Squared
28.4%
Share of variance in one series explained by the other.
Trend Agreement
60.7%
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: [0.492, 0.572]
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
Honeywell International, Inc.
HON
Market cap 145.1B · 101,000 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
21
Estimated crossover points between normalized spreads.
Slope
2.5903
Linear regression slope.
Intercept
-399.7240
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
HON
Honeywell International, Inc.
Highest
+0.576
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.083
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-hon-vs-stock-mu-daily