Correlation Analysis
Micron Technology, Inc. vs Qnity Electronics, Inc.
MU vs Q
+0.811
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
Qnity Electronics, Inc.
↗Q
Qnity Electronics Inc is a specialty chemicals company created in 2025 after being spun off from DuPont. It sells chemicals and materials to the semiconductor industry, which generates the majority of sales, and also the electronics industry. The two segments are Semiconductor Technologies segment which provides a portfolio of materials and solutions utilized across multiple stages of the semiconductor manufacturing process. Interconnect Solutions segment offers a comprehensive range of material solutions that address the evolving complexities of signal integrity, thermal and power management and packaging. These solutions are integral for electronics hardware, including complex printed circuit boards and semiconductor packaging.
Market cap 24.9B
Time Series
Relative Performance
Who Moves First
MU leads Q by 6 days
MU tends to move before Q.
After testing 13 timing shifts, the strongest relationship was +0.888 (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
-0.025
19 periods · Return correlation when both series rose
Both Falling
+0.239
8 periods · Return correlation when both series fell
Diverging
-0.525
8 periods · Return correlation when series moved apart
R-Squared
65.8%
Share of variance in one series explained by the other.
Trend Agreement
61.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
106
Usable shared window — 106 usable pairs.
Significance
p < 0.001
95% CI: [0.734, 0.868]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
106 paired data points survived the daily window.
Raw input
1,254
106
Normalized
1,254
106
Prepared
1,254
106
Aligned
106
106
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,148
A: 1148 / B: 0
Series A
Micron Technology, Inc.
MU
Market cap 426B · 53,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Qnity Electronics, Inc.
Q
Market cap 24.9B
Stock · 106 raw → 106 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.1544
Linear regression slope.
Intercept
46.3312
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 5 hours ago · ID: stock-mu-vs-stock-q-daily