Correlation Analysis
Micron Technology, Inc. vs United Airlines Holdings, Inc. Common Stock
MU vs UAL
+0.681
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
United Airlines Holdings, Inc. Common Stock
↗UAL
Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel, especially across the Pacific, than its large US peers.
Market cap 29.4B · 113,200 employees
Time Series
Relative Performance
Who Moves First
UAL leads MU by 6 days
UAL tends to move before MU.
After testing 13 timing shifts, the strongest relationship was +0.694 (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
+0.407
12 periods · Return correlation when both series rose
Both Falling
+0.718
11 periods · Return correlation when both series fell
Diverging
-0.591
12 periods · Return correlation when series moved apart
R-Squared
46.3%
Share of variance in one series explained by the other.
Trend Agreement
61.1%
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: [0.650, 0.709]
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
United Airlines Holdings, Inc. Common Stock
UAL
Market cap 29.4B · 113,200 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
0.2065
Linear regression slope.
Intercept
37.5883
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
UAL
United Airlines Holdings, Inc. Common Stock
Highest
+0.914
Walmart Inc. Common Stock
WMT · 1,254 data points
Lowest
+0.440
Johnson & Johnson
JNJ · 1,254 data points
Saved 9 hours ago · ID: stock-mu-vs-stock-ual-daily