Correlation Analysis
Hewlett Packard Enterprise Company vs Eli Lilly & Co.
HPE vs LLY
+0.762
Strong positive
When one moves up, the other tends to follow.
Hewlett Packard Enterprise Company
↗HPE
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company. Its portfolio enables hybrid clouds and hyperconverged infrastructure.
Market cap 32.6B · 67,000 employees
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
Time Series
Relative Performance
Who Moves First
HPE leads LLY by 6 days
HPE tends to move before LLY.
After testing 13 timing shifts, the strongest relationship was +0.762 (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
-0.331
15 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.548
16 periods · Return correlation when series moved apart
R-Squared
58.0%
Share of variance in one series explained by the other.
Trend Agreement
56.3%
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: [0.738, 0.784]
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
Hewlett Packard Enterprise Company
HPE
Market cap 32.6B · 67,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
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
5
Estimated crossover points between normalized spreads.
Slope
66.2917
Linear regression slope.
Intercept
-590.9029
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
HPE
Hewlett Packard Enterprise Company
Highest
+0.862
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.365
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-hpe-vs-stock-lly-daily