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Correlation Analysis

Microsoft Corp vs HCA Healthcare, Inc.

MSFT vs HCA

+0.814

Strong positive

When one moves up, the other tends to follow.

MSFT logo

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

HCA logo

HCA Healthcare, Inc.

HCA

HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of December 2025, the firm owned and operated 190 hospitals and over 2,500 outpatient facillities across 19 states and a small foothold in the United Kingdom.

Market cap 108.2B · 320,000 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 observationsStockStockTechnologyHealthcare

Who Moves First

MSFT leads HCA by 6 days

MSFT tends to move before HCA.

Best correlation after shifting: +0.825 (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

+0.492

15 periods · Return correlation when both series rose

Both Falling

-0.329

7 periods · Return correlation when both series fell

Diverging

-0.651

13 periods · Return correlation when series moved apart

R-Squared

66.2%

Share of variance in one series explained by the other.

Trend Agreement

58.5%

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: [0.794, 0.832]

Time Series

Rebased to 100

Green: MSFTGray: HCA36 of 1,254 points (sampled)

Scatter

XY Regression

208.6250300350400450500549.3150200300400500564Microsoft CorpHCA Healthcare, Inc.Data pointsFit (r = 0.814)

Pipeline

Data quality details

Pipeline Summary

1,254 paired observations 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

MSFT logo

Microsoft Corp

MSFT

Market cap 2.8T

Stock · 1,254 raw → 1,254 prepared

Series B

HCA logo

HCA Healthcare, Inc.

HCA

Market cap 108.2B · 320,000 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

53

Estimated crossover points between normalized spreads.

Slope

0.8173

Linear regression slope.

Intercept

9.0504

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 3 hours ago · ID: stock-msft-vs-stock-hca-daily-20260408-8mcoze