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Correlation Analysis

Microsoft Corp vs Woodward, Inc.

MSFT vs WWD

+0.750

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

WWD logo

Woodward, Inc.

WWD

Woodward Inc is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It designs, produces, and services reliable, efficient, low-emission, and high-performance energy control products for diverse applications in challenging environments. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servo controls, motors, and sensors for aircraft. The Industrial segment offers actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, and sensors.

Market cap 22.6B · 10,200 employees

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

Who Moves First

MSFT leads WWD by 6 days

MSFT tends to move before WWD.

Best correlation after shifting: +0.765 (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

+0.761

15 periods · Return correlation when both series rose

Both Falling

+0.604

8 periods · Return correlation when both series fell

Diverging

-0.901

12 periods · Return correlation when series moved apart

R-Squared

56.2%

Share of variance in one series explained by the other.

Trend Agreement

61.5%

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: [0.725, 0.773]

Time Series

Rebased to 100

Green: MSFTGray: WWD36 of 1,254 points (sampled)

Scatter

XY Regression

208.6250300350400450500549.368.6100150200250300350400403.5Microsoft CorpWoodward, Inc.Data pointsFit (r = 0.75)

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

WWD logo

Woodward, Inc.

WWD

Market cap 22.6B · 10,200 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

32

Estimated crossover points between normalized spreads.

Slope

0.6198

Linear regression slope.

Intercept

-64.0305

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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