Correlation Analysis
Micron Technology, Inc. vs SoFi Technologies, Inc. Common Stock
MU vs SOFI
+0.579
Moderate 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
SoFi Technologies, Inc. Common Stock
↗SOFI
SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.
Market cap 20.7B · 6,100 employees
Time Series
Relative Performance
Who Moves First
SOFI leads MU by 6 days
SOFI tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.606 (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
+0.148
11 periods · Return correlation when both series rose
Both Falling
+0.030
12 periods · Return correlation when both series fell
Diverging
-0.788
12 periods · Return correlation when series moved apart
R-Squared
33.5%
Share of variance in one series explained by the other.
Trend Agreement
64.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,218
Deep shared window — 1,218 usable pairs.
Significance
p < 0.001
95% CI: [0.540, 0.615]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,218 paired data points survived the daily window.
Raw input
1,254
1,218
Normalized
1,254
1,218
Prepared
1,254
1,218
Aligned
1,218
1,218
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
36
A: 36 / B: 0
Series A
Micron Technology, Inc.
MU
Market cap 426B · 53,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
SoFi Technologies, Inc. Common Stock
SOFI
Market cap 20.7B · 6,100 employees
Stock · 1,218 raw → 1,218 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
0.0501
Linear regression slope.
Intercept
6.8259
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
SOFI
SoFi Technologies, Inc. Common Stock
Highest
+0.778
Tesla, Inc. Common Stock
TSLA · 1,218 data points
Lowest
-0.006
Exxon Mobil Corporation
XOM · 1,218 data points
Saved 7 hours ago · ID: stock-mu-vs-stock-sofi-daily