Correlation Analysis
Micron Technology, Inc. vs Viper Energy, Inc. Class A Common Stock
MU vs VNOM
+0.408
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
Viper Energy, Inc. Class A Common Stock
↗VNOM
Viper Energy Inc is focused on owning and acquiring mineral and royalty interests in oil and natural gas properties in the Permian Basin. The Permian Basin is known to have a number of zones of oil and natural gas-bearing rock throughout.
Market cap 9B
Time Series
Relative Performance
Who Moves First
MU leads VNOM by 6 days
MU tends to move before VNOM.
After testing 13 timing shifts, the strongest relationship was +0.414 (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
+0.567
10 periods · Return correlation when both series rose
Both Falling
+0.832
7 periods · Return correlation when both series fell
Diverging
-0.657
18 periods · Return correlation when series moved apart
R-Squared
16.6%
Share of variance in one series explained by the other.
Trend Agreement
57.6%
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: [0.361, 0.453]
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
Viper Energy, Inc. Class A Common Stock
VNOM
Market cap 9B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
20
Estimated crossover points between normalized spreads.
Slope
0.0476
Linear regression slope.
Intercept
28.3134
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
VNOM
Viper Energy, Inc. Class A Common Stock
Highest
+0.868
Costco Wholesale Corp
COST · 1,254 data points
Lowest
+0.085
Johnson & Johnson
JNJ · 1,254 data points
Saved 5 hours ago · ID: stock-mu-vs-stock-vnom-daily