Correlation Analysis
Eli Lilly & Co. vs RBC Bearings Incorporated
LLY vs RBC
+0.833
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
RBC Bearings Incorporated
↗RBC
RBC Bearings Inc is an international manufacturer and marketer of engineered precision bearings, components, and essential systems for the industrial, defense, and aerospace industries. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The company has two reportable segments: Industrial, which derives maximum revenue, and Aerospace/Defense. The Aerospace/Defense segment represents the end markets for the company's engineered bearings and precision components used in commercial aerospace, defense aerospace, and sea and ground defense applications; and the Industrial segment represents the end markets for its products used in various industrial applications. Geographically, the company generates a majority of its revenue from the United States.
Market cap 17.5B · 5,334 employees
Time Series
Relative Performance
Who Moves First
LLY leads RBC by 6 days
LLY tends to move before RBC.
After testing 13 timing shifts, the strongest relationship was +0.834 (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
+0.342
13 periods · Return correlation when both series rose
Both Falling
-0.095
8 periods · Return correlation when both series fell
Diverging
-0.549
14 periods · Return correlation when series moved apart
R-Squared
69.4%
Share of variance in one series explained by the other.
Trend Agreement
55.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,009
Deep shared window — 1,009 usable pairs.
Significance
p < 0.001
95% CI: [0.813, 0.851]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,009 paired data points survived the daily window.
Raw input
1,254
1,009
Normalized
1,254
1,009
Prepared
1,254
1,009
Aligned
1,009
1,009
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
245
A: 245 / B: 0
Series A
Eli Lilly & Co.
LLY
Market cap 828.2B · 50,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
RBC Bearings Incorporated
RBC
Market cap 17.5B · 5,334 employees
Stock · 1,009 raw → 1,009 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
0.3253
Linear regression slope.
Intercept
80.2540
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-lly-vs-stock-rbc-daily