Correlation Analysis
Samsara Inc. vs Micron Technology, Inc.
IOT vs MU
+0.288
Light positive
When one moves up, the other tends to follow.
Samsara Inc.
↗IOT
Samsara Inc provides an end-to-end solution for operations. The company's Connected Operations Platform consolidates data from its IoT devices and a growing ecosystem of connected assets and third-party systems, and makes it easy for organizations to access, analyze, and act on data insights using its cloud dashboard, custom alerts and reports, mobile apps, and workflows. The company derives almost all of its revenue from subscription services. Geographically, it derives a majority of its revenue from the United States. The company's customers range from small and medium-sized businesses to state and local governments.
Market cap 18.3B · 4,100 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
IOT leads MU by 6 days
IOT tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.299 (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
+0.203
12 periods · Return correlation when both series rose
Both Falling
+0.468
11 periods · Return correlation when both series fell
Diverging
-0.437
12 periods · Return correlation when series moved apart
R-Squared
8.3%
Share of variance in one series explained by the other.
Trend Agreement
61.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,080
Deep shared window — 1,080 usable pairs.
Significance
p < 0.001
95% CI: [0.232, 0.341]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,080 paired data points survived the daily window.
Raw input
1,080
1,254
Normalized
1,080
1,254
Prepared
1,080
1,254
Aligned
1,080
1,080
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
174
A: 0 / B: 174
Series A
Samsara Inc.
IOT
Market cap 18.3B · 4,100 employees
Stock · 1,080 raw → 1,080 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
17
Estimated crossover points between normalized spreads.
Slope
1.9466
Linear regression slope.
Intercept
54.4075
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-iot-vs-stock-mu-daily