Correlation Analysis
Micron Technology, Inc. vs Revolution Medicines, Inc. Common Stock
MU vs RVMD
+0.930
Very 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
Revolution Medicines, Inc. Common Stock
↗RVMD
Revolution Medicines Inc is a clinical-stage precision oncology company developing novel targeted therapies for RAS-addicted cancers. The Company possesses structure-based drug discovery capabilities built upon chemical biology and cancer pharmacology know-how and proprietary technologies that enable the creation of small molecules tailored to unconventional binding sites. Its research and development pipeline comprises inhibitors that bind directly to RAS variants (RAS(ON) Inhibitors), designed to be used as monotherapy, in combination with other RAS(ON) Inhibitors and/or other therapeutic agents.
Market cap 18.9B · 883 employees
Time Series
Relative Performance
Who Moves First
in sync
MU and RVMD tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.930 (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
+0.717
14 periods · Return correlation when both series rose
Both Falling
-0.149
12 periods · Return correlation when both series fell
Diverging
-0.857
9 periods · Return correlation when series moved apart
R-Squared
86.5%
Share of variance in one series explained by the other.
Trend Agreement
59.5%
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: [0.922, 0.937]
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
Revolution Medicines, Inc. Common Stock
RVMD
Market cap 18.9B · 883 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
0.2311
Linear regression slope.
Intercept
11.6260
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
RVMD
Revolution Medicines, Inc. Common Stock
Highest
+0.911
Alphabet Inc. Class C Capital Stock
GOOG · 1,254 data points
Lowest
+0.571
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 4 hours ago · ID: stock-mu-vs-stock-rvmd-daily