Correlation Analysis
Nvidia Corp vs Grayscale Bitcoin Trust ETF
NVDA vs GBTC
+0.907
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
Grayscale Bitcoin Trust ETF
GBTC
Who Moves First
GBTC leads NVDA by 6 days
GBTC tends to move before NVDA.
Best correlation after shifting: +0.911 (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
+0.353
17 periods · Return correlation when both series rose
Both Falling
+0.520
10 periods · Return correlation when both series fell
Diverging
-0.404
8 periods · Return correlation when series moved apart
R-Squared
82.3%
Share of variance in one series explained by the other.
Trend Agreement
61.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,066
Deep shared window — 1,066 usable pairs.
Significance
p < 0.001
95% CI: [0.896, 0.917]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,066 paired observations survived the daily window.
Raw input
1,254
1,066
Normalized
1,254
1,066
Prepared
1,254
1,066
Aligned
1,066
1,066
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
188
A: 188 / B: 0
Series A
Nvidia Corp
NVDA
Market cap 4.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Grayscale Bitcoin Trust ETF
GBTC
Stock · 1,066 raw → 1,066 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
0.3966
Linear regression slope.
Intercept
10.3269
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-nvda-vs-stock-gbtc-daily-20260408-lltu0d