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Correlation Analysis

Nvidia Corp vs eBay Inc

NVDA vs EBAY

+0.711

Strong positive

When one moves up, the other tends to follow.

NVDA logo

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

EBAY logo

eBay Inc

EBAY

EBay operates one of the largest e-commerce marketplaces in the world, with $79.6 billion in 2025 gross merchandise volume, rendering the firm a top 10 global e-commerce company. It generates sales from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting about 135 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2025. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.

Market cap 43.8B · 12,300 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockTechnology

Time Series

Relative Performance

Green: NVDAGray: EBAY36 of 1,254 points (sampled)

Who Moves First

NVDA leads EBAY by 6 days

NVDA tends to move before EBAY.

After testing 13 timing shifts, the strongest relationship was +0.716 (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

+0.122

16 periods · Return correlation when both series rose

Both Falling

+0.424

8 periods · Return correlation when both series fell

Diverging

-0.522

11 periods · Return correlation when series moved apart

R-Squared

50.5%

Share of variance in one series explained by the other.

Trend Agreement

60.3%

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: [0.682, 0.737]

Scatter

XY Regression

-1.705010015020021834.1405060708090100100.6Nvidia CorpeBay IncData pointsFit (r = 0.711)

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

NVDA logo

Nvidia Corp

NVDA

Market cap 4.3T

Stock · 1,254 raw → 1,254 prepared

Series B

EBAY logo

eBay Inc

EBAY

Market cap 43.8B · 12,300 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

1

Estimated crossover points between normalized spreads.

Slope

0.1874

Linear regression slope.

Intercept

45.6800

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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