Correlation Analysis
Microsoft Corp vs Nextpower Inc. Class A Common Stock
MSFT vs NXT
+0.505
Moderate positive
When one moves up, the other tends to follow.
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
Nextpower Inc. Class A Common Stock
↗NXT
Nextpower (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextpower's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextpower has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.
Market cap 16B · 1,300 employees
Who Moves First
MSFT leads NXT by 6 days
MSFT tends to move before NXT.
Best correlation after shifting: +0.544 (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
+0.417
12 periods · Return correlation when both series rose
Both Falling
-0.330
9 periods · Return correlation when both series fell
Diverging
-0.834
14 periods · Return correlation when series moved apart
R-Squared
25.5%
Share of variance in one series explained by the other.
Trend Agreement
53.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
791
Deep shared window — 791 usable pairs.
Significance
p < 0.001
95% CI: [0.451, 0.555]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
791 paired observations survived the daily window.
Raw input
1,254
791
Normalized
1,254
791
Prepared
1,254
791
Aligned
791
791
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
463
A: 463 / B: 0
Series A
Microsoft Corp
MSFT
Market cap 2.8T
Stock · 1,254 raw → 1,254 prepared
Series B
Nextpower Inc. Class A Common Stock
NXT
Market cap 16B · 1,300 employees
Stock · 791 raw → 791 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
26
Estimated crossover points between normalized spreads.
Slope
0.1754
Linear regression slope.
Intercept
-17.2191
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
MSFT
Microsoft Corp
Highest
+0.938
Cadence Design Systems
CDNS · 1,254 observations
Lowest
-0.867
Bristol-Myers Squibb Co.
BMY · 1,254 observations
NXT
Nextpower Inc. Class A Common Stock
Highest
+0.932
Micron Technology, Inc.
MU · 791 observations
Lowest
+0.504
Costco Wholesale Corp
COST · 791 observations
Saved 3 hours ago · ID: stock-msft-vs-stock-nxt-daily-20260408-q04r9o