Correlation Analysis
Micron Technology, Inc. vs Palantir Technologies Inc. Class A Common Stock
MU vs PLTR
+0.712
Strong positive
When one moves up, the other tends to follow.
Micron Technology, Inc.
↗MU
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Market cap 426B · 53,000 employees
Palantir Technologies Inc. Class A Common Stock
↗PLTR
Palantir is an artificial intelligence, analytics, and automated decision-making company that leverages data to drive efficiency across its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. Palantir works only with entities in Western-allied nations and reserves the right not to work with anyone that is antithetical to Western values. The company was founded in 2003 and went public in 2020.
Market cap 353.8B · 4,429 employees
Time Series
Relative Performance
Who Moves First
PLTR leads MU by 6 days
PLTR tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.727 (they moved in the same direction).
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
+0.313
10 periods · Return correlation when both series rose
Both Falling
+0.804
9 periods · Return correlation when both series fell
Diverging
-0.918
16 periods · Return correlation when series moved apart
R-Squared
50.7%
Share of variance in one series explained by the other.
Trend Agreement
64.0%
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: [0.684, 0.738]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points 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
Micron Technology, Inc.
MU
Market cap 426B · 53,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Palantir Technologies Inc. Class A Common Stock
PLTR
Market cap 353.8B · 4,429 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
36
Estimated crossover points between normalized spreads.
Slope
0.5220
Linear regression slope.
Intercept
-5.7088
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
MU
Micron Technology, Inc.
Highest
+0.982
Western Digital Corp.
WDC · 1,254 data points
Lowest
-0.640
Constellation Brands, Inc.
STZ · 1,254 data points
PLTR
Palantir Technologies Inc. Class A Common Stock
Highest
+0.948
Broadcom Inc. Common Stock
AVGO · 1,254 data points
Lowest
+0.451
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-mu-vs-stock-pltr-daily