Correlation Analysis
Microsoft Corp vs EXAS
MSFT vs EXAS
-0.132
Weak inverse
When one moves up, the other tends to move down.
Microsoft Corp
↗MSFT
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).
Market cap 2.8T
EXAS
EXAS
Who Moves First
EXAS leads MSFT by 6 days
EXAS tends to move before MSFT.
Best correlation after shifting: -0.143 (13 shifts scanned)
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
-0.249
9 periods · Return correlation when both series rose
Both Falling
+0.585
10 periods · Return correlation when both series fell
Diverging
-0.536
16 periods · Return correlation when series moved apart
R-Squared
1.7%
Share of variance in one series explained by the other.
Trend Agreement
59.1%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,243
Deep shared window — 1,243 usable pairs.
Significance
p < 0.001
95% CI: [-0.186, -0.077]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,243 paired observations survived the daily window.
Raw input
1,254
1,243
Normalized
1,254
1,243
Prepared
1,254
1,243
Aligned
1,243
1,243
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11
A: 11 / B: 0
Series A
Microsoft Corp
MSFT
Market cap 2.8T
Stock · 1,254 raw → 1,254 prepared
Series B
EXAS
Stock · 1,243 raw → 1,243 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
-0.0354
Linear regression slope.
Intercept
81.5455
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-msft-vs-stock-exas-daily-20260408-tn39y1