Correlation Analysis
Nvidia Corp vs Affirm Holdings, Inc. Class A Common Stock
NVDA vs AFRM
+0.252
Light positive
When one moves up, the other tends to follow.
Nvidia Corp
↗NVDA
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence to run large language models. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
Market cap 4.3T
Affirm Holdings, Inc. Class A Common Stock
↗AFRM
Founded in 2012, Affirm is a market leader in the buy-now, pay-later space with around $36 billion in transaction volume in fiscal 2025. Affirm offers both zero-interest financing, which is merchant subsidized, and interest-bearing loans, which function as personal loans that are approved on a per-transaction basis. Over 70% of Affirm's transaction volume comes from its interest-bearing loans, which also comprise the majority of its revenue. Affirm operates in the United States, which accounted for more than 95% of its revenue in 2025, but the firm has also expanded to Canada and the United Kingdom.
Market cap 16.1B · 2,206 employees
Time Series
Relative Performance
Who Moves First
NVDA leads AFRM by 6 days
NVDA tends to move before AFRM.
After testing 13 timing shifts, the strongest relationship was +0.256 (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
-0.253
12 periods · Return correlation when both series rose
Both Falling
+0.491
7 periods · Return correlation when both series fell
Diverging
-0.376
16 periods · Return correlation when series moved apart
R-Squared
6.4%
Share of variance in one series explained by the other.
Trend Agreement
64.1%
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: [0.200, 0.303]
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
Nvidia Corp
NVDA
Market cap 4.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Affirm Holdings, Inc. Class A Common Stock
AFRM
Market cap 16.1B · 2,206 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
0.1252
Linear regression slope.
Intercept
37.8923
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
NVDA
Nvidia Corp
Highest
+0.983
Arista Networks
ANET · 1,254 data points
Lowest
-0.910
United Parcel Service, Inc. Class B
UPS · 1,254 data points
AFRM
Affirm Holdings, Inc. Class A Common Stock
Highest
+0.560
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Lowest
-0.411
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 5 hours ago · ID: stock-nvda-vs-stock-afrm-daily-20260408-qdb0bc