Correlation Analysis
Eli Lilly & Co. vs Palo Alto Networks, Inc. Common Stock
LLY vs PANW
+0.914
Very strong 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
Palo Alto Networks, Inc. Common Stock
↗PANW
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.
Market cap 131.3B · 17,027 employees
Time Series
Relative Performance
Who Moves First
PANW leads LLY by 6 days
PANW tends to move before LLY.
After testing 13 timing shifts, the strongest relationship was +0.917 (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
+0.350
19 periods · Return correlation when both series rose
Both Falling
+0.932
5 periods · Return correlation when both series fell
Diverging
-0.562
11 periods · Return correlation when series moved apart
R-Squared
83.6%
Share of variance in one series explained by the other.
Trend Agreement
55.9%
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: [0.905, 0.923]
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
Palo Alto Networks, Inc. Common Stock
PANW
Market cap 131.3B · 17,027 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
0.1602
Linear regression slope.
Intercept
39.0260
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
PANW
Palo Alto Networks, Inc. Common Stock
Highest
+0.953
Meta Platforms, Inc. Class A Common Stock
META · 1,107 data points
Lowest
+0.069
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-lly-vs-stock-panw-daily