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Correlation Analysis

Microsoft Corp vs Lowe's Companies Inc.

MSFT vs LOW

+0.708

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

LOW logo

Lowe's Companies Inc.

LOW

Lowe's is the second-largest home improvement retailer globally, with more than 1,750 stores in the US, after the 2023 divestiture of its Canadian locations. The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two-thirds of products sold. Lowe's primarily targets retail do-it-yourself (around 70% of sales) and do-it-for-me customers, but has expanded its professional business clients to 30% from less than 20% in the past seven years (set to expand further with the acquisition of FBM). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.

Market cap 131.7B · 276,000 employees

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

Who Moves First

MSFT leads LOW by 6 days

MSFT tends to move before LOW.

Best correlation after shifting: +0.720 (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

-0.383

15 periods · Return correlation when both series rose

Both Falling

+0.090

8 periods · Return correlation when both series fell

Diverging

-0.640

12 periods · Return correlation when series moved apart

R-Squared

50.1%

Share of variance in one series explained by the other.

Trend Agreement

61.1%

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: [0.679, 0.735]

Time Series

Rebased to 100

Green: MSFTGray: LOW36 of 1,254 points (sampled)

Scatter

XY Regression

208.6250300350400450500549.3179.9180200220240260280293.4Microsoft CorpLowe's Companies Inc.Data pointsFit (r = 0.708)

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

LOW logo

Lowe's Companies Inc.

LOW

Market cap 131.7B · 276,000 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

11

Estimated crossover points between normalized spreads.

Slope

0.2097

Linear regression slope.

Intercept

148.6182

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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