Correlation Analysis
Micron Technology, Inc. vs Zoom Communications, Inc. Class A Common Stock
MU vs ZM
-0.137
Weak 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
Zoom Communications, Inc. Class A Common Stock
↗ZM
Zoom Communications provides a video-first communications platform that connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables video experiences and connects users across various devices and locations in a single meeting. Zoom has launched a variety of communications-related solutions, including Zoom Phone and Zoom Contact Center. The firm was founded in 2011 and serves companies of all sizes from all industries around the world.
Market cap 24.4B · 7,438 employees
Time Series
Relative Performance
Who Moves First
ZM leads MU by 6 days
ZM tends to move before MU.
After testing 13 timing shifts, the strongest relationship was -0.140 (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
-0.365
10 periods · Return correlation when both series rose
Both Falling
-0.339
12 periods · Return correlation when both series fell
Diverging
-0.423
13 periods · Return correlation when series moved apart
R-Squared
1.9%
Share of variance in one series explained by the other.
Trend Agreement
62.0%
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: [-0.191, -0.082]
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
Zoom Communications, Inc. Class A Common Stock
ZM
Market cap 24.4B · 7,438 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.1483
Linear regression slope.
Intercept
128.5878
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
ZM
Zoom Communications, Inc. Class A Common Stock
Highest
+0.034
Amazon.Com Inc
AMZN · 1,254 data points
Lowest
-0.804
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-mu-vs-stock-zm-daily