Correlation Analysis
Eli Lilly & Co. vs Cloudflare, Inc. Class A common stock, par value $0.001 per share
LLY vs NET
+0.453
Moderate positive
When one moves up, the other tends to follow.
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
Cloudflare, Inc. Class A common stock, par value $0.001 per share
↗NET
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, builds on this infrastructure by enabling clients to deploy and run code without the need to manage or maintain servers.
Market cap 74.5B · 5,156 employees
Time Series
Relative Performance
Who Moves First
in sync
LLY and NET tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.453 (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
+0.046
12 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.419
19 periods · Return correlation when series moved apart
R-Squared
20.5%
Share of variance in one series explained by the other.
Trend Agreement
54.6%
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: [0.408, 0.496]
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
Eli Lilly & Co.
LLY
Market cap 828.2B · 50,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Cloudflare, Inc. Class A common stock, par value $0.001 per share
NET
Market cap 74.5B · 5,156 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
0.0882
Linear regression slope.
Intercept
57.1309
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
LLY
Eli Lilly & Co.
Highest
+0.939
Vertex Pharmaceuticals Inc
VRTX · 1,254 data points
Lowest
-0.889
United Parcel Service, Inc. Class B
UPS · 1,254 data points
NET
Cloudflare, Inc. Class A common stock, par value $0.001 per share
Highest
+0.826
NetFlix Inc
NFLX · 1,254 data points
Lowest
+0.136
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-lly-vs-stock-net-daily