Correlation Analysis
Live Nation Entertainment Inc. vs Micron Technology, Inc.
LYV vs MU
+0.632
Moderate positive
When one moves up, the other tends to follow.
Live Nation Entertainment Inc.
↗LYV
Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 51 countries, Live Nation promotes concerts globally and it owned, operated, or had exclusive booking rights to more than 400 venues worldwide at the end of 2025, which the firm says makes it the second-largest operator of music venues globally. In 2025, Live Nation promoted nearly 55,000 events, drawing roughly 160 million fans. Ticketmaster is a dominant global ticketing service, selling nearly 650 million tickets in 2025.
Market cap 37.6B · 17,700 employees
Micron Technology, Inc.
↗MU
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Market cap 426B · 53,000 employees
Time Series
Relative Performance
Who Moves First
LYV leads MU by 6 days
LYV tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.632 (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
+0.003
11 periods · Return correlation when both series rose
Both Falling
+0.550
11 periods · Return correlation when both series fell
Diverging
-0.688
13 periods · Return correlation when series moved apart
R-Squared
39.9%
Share of variance in one series explained by the other.
Trend Agreement
60.9%
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: [0.597, 0.664]
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
Live Nation Entertainment Inc.
LYV
Market cap 37.6B · 17,700 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Micron Technology, Inc.
MU
Market cap 426B · 53,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
14
Estimated crossover points between normalized spreads.
Slope
1.7914
Linear regression slope.
Intercept
-82.7049
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
LYV
Live Nation Entertainment Inc.
Highest
+0.887
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.368
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-lyv-vs-stock-mu-daily