Correlation Analysis
L3Harris Technologies, Inc. vs Micron Technology, Inc.
LHX vs MU
+0.848
Strong positive
When one moves up, the other tends to follow.
L3Harris Technologies, Inc.
↗LHX
In addition to its legacy software-defined radio franchise, L3Harris Technologies has through a series of acquisitions established franchises producing uncrewed aerial vehicles, sensors, avionics, space-based systems, missiles, and solid rocket motors. It also adapts civilian aircraft for military use and provides military and commercial training services, and maintains the US Federal Aviation Administration's communications infrastructure.
Market cap 67B · 45,000 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
in sync
LHX and MU tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.848 (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
+0.634
11 periods · Return correlation when both series rose
Both Falling
-0.145
7 periods · Return correlation when both series fell
Diverging
-0.601
17 periods · Return correlation when series moved apart
R-Squared
72.0%
Share of variance in one series explained by the other.
Trend Agreement
51.4%
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: [0.832, 0.863]
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
L3Harris Technologies, Inc.
LHX
Market cap 67B · 45,000 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
54
Estimated crossover points between normalized spreads.
Slope
1.6966
Linear regression slope.
Intercept
-284.7904
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
LHX
L3Harris Technologies, Inc.
Highest
+0.811
Johnson & Johnson
JNJ · 1,254 data points
Lowest
+0.382
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 4 hours ago · ID: stock-lhx-vs-stock-mu-daily