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Correlation Analysis

Eli Lilly & Co. vs Union Pacific Corp.

LLY vs UNP

+0.367

Light positive

When one moves up, the other tends to follow.

LLY logo

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

UNP logo

Union Pacific Corp.

UNP

Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two-thirds of the US, Union Pacific generated $24.5 billion of revenue in 2025 by hauling coal, industrial products, intermodal containers, agricultural goods, chemicals, fertilizers, and automotive goods. Union Pacific owns about one-fourth of Mexican railroad Ferromex and historically derives roughly 10% of its revenue hauling freight to and from Mexico.

Market cap 145.8B · 29,287 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockHealthcareIndustrials

Time Series

Relative Performance

Green: LLYGray: UNP36 of 1,254 points (sampled)

Who Moves First

LLY leads UNP by 6 days

LLY tends to move before UNP.

After testing 13 timing shifts, the strongest relationship was +0.368 (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

-0.090

14 periods · Return correlation when both series rose

Both Falling

+0.485

8 periods · Return correlation when both series fell

Diverging

-0.371

13 periods · Return correlation when series moved apart

R-Squared

13.4%

Share of variance in one series explained by the other.

Trend Agreement

54.2%

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: [0.318, 0.414]

Scatter

XY Regression

1142004006008001,0001,142187.6200220240260267.3Eli Lilly & Co.Union Pacific Corp.Data pointsFit (r = 0.367)

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

LLY logo

Eli Lilly & Co.

LLY

Market cap 828.2B · 50,000 employees

Stock · 1,254 raw → 1,254 prepared

Series B

UNP logo

Union Pacific Corp.

UNP

Market cap 145.8B · 29,287 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

7

Estimated crossover points between normalized spreads.

Slope

0.0231

Linear regression slope.

Intercept

213.9503

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 6 hours ago · ID: stock-lly-vs-stock-unp-daily