Correlation Analysis
Micron Technology, Inc. vs VICI Properties Inc. Common Stock
MU vs VICI
-0.330
Light inverse
When one moves up, the other tends to move down.
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
VICI Properties Inc. Common Stock
↗VICI
VICI Properties Inc is a real estate investment trust based in the United States. It engaged in the business of owning and acquiring gaming, hospitality, wellness, entertainment and leisure destinations, subject to long-term triple net leases. It own nearly 93 experiential assets across a geographically portfolio consisting of nearly 54 gaming properties and nearly 39 other experiential properties across the United States and Canada, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas.
Market cap 29.6B · 28 employees
Time Series
Relative Performance
Who Moves First
MU leads VICI by 6 days
MU tends to move before VICI.
After testing 13 timing shifts, the strongest relationship was -0.337 (they moved in opposite directions).
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
-0.225
8 periods · Return correlation when both series rose
Both Falling
+0.125
9 periods · Return correlation when both series fell
Diverging
-0.778
18 periods · Return correlation when series moved apart
R-Squared
10.9%
Share of variance in one series explained by the other.
Trend Agreement
56.6%
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: [-0.378, -0.280]
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
VICI Properties Inc. Common Stock
VICI
Market cap 29.6B · 28 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
-0.0081
Linear regression slope.
Intercept
31.6001
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
VICI
VICI Properties Inc. Common Stock
Highest
+0.090
Exxon Mobil Corporation
XOM · 1,254 data points
Lowest
-0.310
Alphabet Inc. Class C Capital Stock
GOOG · 1,254 data points
Saved 4 hours ago · ID: stock-mu-vs-stock-vici-daily