Correlation Analysis
Eli Lilly & Co. vs Roper Technologies, Inc. Common Stock
LLY vs ROP
+0.429
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
Roper Technologies, Inc. Common Stock
↗ROP
Roper Technologies is a holding company focused on acquiring, managing, and developing niche market-leading technology businesses. The company operates a decentralized business model whereby each portfolio company operates independently from the others. Roper positions itself as a free cash flow compounder, whereby excess free cash flow generated by its portfolio businesses is repatriated to the parent company, which is then utilized to acquire additional businesses. Presently, the company operates 30 distinct businesses with over three-fourths of the revenue coming from software products and over two-thirds of the revenue coming from recurring and recurring sources.
Market cap 37.1B · 19,400 employees
Time Series
Relative Performance
Who Moves First
ROP leads LLY by 6 days
ROP tends to move before LLY.
After testing 13 timing shifts, the strongest relationship was +0.445 (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
-0.278
16 periods · Return correlation when both series rose
Both Falling
+0.018
8 periods · Return correlation when both series fell
Diverging
-0.803
11 periods · Return correlation when series moved apart
R-Squared
18.4%
Share of variance in one series explained by the other.
Trend Agreement
60.3%
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: [0.383, 0.473]
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
Roper Technologies, Inc. Common Stock
ROP
Market cap 37.1B · 19,400 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
0.0953
Linear regression slope.
Intercept
428.9592
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
ROP
Roper Technologies, Inc. Common Stock
Highest
+0.583
Microsoft Corp
MSFT · 1,254 data points
Lowest
-0.606
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-lly-vs-stock-rop-daily