Correlation Analysis
Nvidia Corp vs Credo Technology Group Holding Ltd Ordinary Shares
NVDA vs CRDO
+0.874
Very strong 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
Credo Technology Group Holding Ltd Ordinary Shares
↗CRDO
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.
Market cap 18.9B · 622 employees
Time Series
Rebased to 100
Who Moves First
in sync
NVDA and CRDO tend to move at the same time.
Best correlation after shifting: +0.874 (13 shifts scanned)
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
+0.435
17 periods · Return correlation when both series rose
Both Falling
+0.753
8 periods · Return correlation when both series fell
Diverging
-0.557
10 periods · Return correlation when series moved apart
R-Squared
76.3%
Share of variance in one series explained by the other.
Trend Agreement
70.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,051
Deep shared window — 1,051 usable pairs.
Significance
p < 0.001
95% CI: [0.859, 0.887]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,051 paired observations survived the daily window.
Raw input
1,254
1,051
Normalized
1,254
1,051
Prepared
1,254
1,051
Aligned
1,051
1,051
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
203
A: 203 / B: 0
Series A
Nvidia Corp
NVDA
Market cap 4.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Credo Technology Group Holding Ltd Ordinary Shares
CRDO
Market cap 18.9B · 622 employees
Stock · 1,051 raw → 1,051 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
0.6496
Linear regression slope.
Intercept
-11.2346
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
NVDA
Nvidia Corp
Highest
+0.983
Arista Networks
ANET · 1,254 observations
Lowest
-0.910
United Parcel Service, Inc. Class B
UPS · 1,254 observations
CRDO
Credo Technology Group Holding Ltd Ordinary Shares
Highest
+0.906
JPMorgan Chase & Co.
JPM · 1,051 observations
Lowest
+0.489
Exxon Mobil Corporation
XOM · 1,051 observations
Saved 3 hours ago · ID: stock-nvda-vs-stock-crdo-daily-20260408-bt5u0w