Correlation Analysis
Eli Lilly & Co. vs Nextpower Inc. Class A Common Stock
LLY vs NXT
+0.620
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
Nextpower Inc. Class A Common Stock
↗NXT
Nextpower (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextpower's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextpower has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.
Market cap 16B · 1,300 employees
Time Series
Relative Performance
Who Moves First
NXT leads LLY by 6 days
NXT tends to move before LLY.
After testing 13 timing shifts, the strongest relationship was +0.631 (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
+0.660
15 periods · Return correlation when both series rose
Both Falling
-0.516
6 periods · Return correlation when both series fell
Diverging
-0.423
14 periods · Return correlation when series moved apart
R-Squared
38.5%
Share of variance in one series explained by the other.
Trend Agreement
52.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
791
Deep shared window — 791 usable pairs.
Significance
p < 0.001
95% CI: [0.575, 0.661]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
791 paired data points survived the daily window.
Raw input
1,254
791
Normalized
1,254
791
Prepared
1,254
791
Aligned
791
791
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
463
A: 463 / B: 0
Series A
Eli Lilly & Co.
LLY
Market cap 828.2B · 50,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Nextpower Inc. Class A Common Stock
NXT
Market cap 16B · 1,300 employees
Stock · 791 raw → 791 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
0.0738
Linear regression slope.
Intercept
-0.4562
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
NXT
Nextpower Inc. Class A Common Stock
Highest
+0.932
Micron Technology, Inc.
MU · 791 data points
Lowest
+0.504
Costco Wholesale Corp
COST · 791 data points
Saved 7 hours ago · ID: stock-lly-vs-stock-nxt-daily