Correlation Analysis
Nvidia Corp vs GE HealthCare Technologies Inc. Common Stock
NVDA vs GEHC
+0.226
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
GE HealthCare Technologies Inc. Common Stock
↗GEHC
GE HealthCare Technologies is a leading medical technology firm with leading market share in imaging and ultrasound equipment. The company reports four major segments: imaging (45% of revenue), advanced visualization solutions (26%), patient care solutions (15%), and pharmaceutical diagnostics (14%). The company's sales are geographically diverse, with the United States, EMEA, China, and the rest of the world accounting for 46%, 26%, 11%, and 17% respectively. We estimate approximately half of its revenue is recurring, which consists of servicing (about one third of revenue), pharmaceutical diagnostics (about 10%-15%), and digital solutions (just over 5%).
Market cap 32.1B · 54,000 employees
Time Series
Relative Performance
Who Moves First
GEHC leads NVDA by 6 days
GEHC tends to move before NVDA.
After testing 13 timing shifts, the strongest relationship was +0.228 (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
-0.323
13 periods · Return correlation when both series rose
Both Falling
+0.448
6 periods · Return correlation when both series fell
Diverging
-0.600
16 periods · Return correlation when series moved apart
R-Squared
5.1%
Share of variance in one series explained by the other.
Trend Agreement
56.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
816
Deep shared window — 816 usable pairs.
Significance
p < 0.001
95% CI: [0.159, 0.290]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
816 paired data points survived the daily window.
Raw input
1,254
816
Normalized
1,254
816
Prepared
1,254
816
Aligned
816
816
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
438
A: 438 / B: 0
Series A
Nvidia Corp
NVDA
Market cap 4.3T
Stock · 1,254 raw → 1,254 prepared
Series B
GE HealthCare Technologies Inc. Common Stock
GEHC
Market cap 32.1B · 54,000 employees
Stock · 816 raw → 816 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
0.0292
Linear regression slope.
Intercept
74.9250
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
GEHC
GE HealthCare Technologies Inc. Common Stock
Highest
+0.376
Eli Lilly & Co.
LLY · 816 data points
Lowest
-0.023
Johnson & Johnson
JNJ · 816 data points
Saved 7 hours ago · ID: stock-nvda-vs-stock-gehc-daily-20260408-vx6aux