Correlation Analysis
Nvidia Corp vs GlobalFoundries Inc. Ordinary Shares
NVDA vs GFS
-0.794
Strong inverse
When one moves up, the other tends to move down.
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
GlobalFoundries Inc. Ordinary Shares
↗GFS
GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates, which remains its controlling shareholder today. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and has about 13,000 staff.
Market cap 23.9B · 14,000 employees
Time Series
Relative Performance
Who Moves First
GFS leads NVDA by 6 days
GFS tends to move before NVDA.
After testing 13 timing shifts, the strongest relationship was -0.801 (they moved in opposite directions).
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
-0.480
14 periods · Return correlation when both series rose
Both Falling
+0.014
9 periods · Return correlation when both series fell
Diverging
-0.416
12 periods · Return correlation when series moved apart
R-Squared
63.1%
Share of variance in one series explained by the other.
Trend Agreement
67.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,113
Deep shared window — 1,113 usable pairs.
Significance
p < 0.001
95% CI: [-0.815, -0.771]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,113 paired data points survived the daily window.
Raw input
1,254
1,113
Normalized
1,254
1,113
Prepared
1,254
1,113
Aligned
1,113
1,113
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
141
A: 141 / B: 0
Series A
Nvidia Corp
NVDA
Market cap 4.3T
Stock · 1,254 raw → 1,254 prepared
Series B
GlobalFoundries Inc. Ordinary Shares
GFS
Market cap 23.9B · 14,000 employees
Stock · 1,113 raw → 1,113 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.1319
Linear regression slope.
Intercept
61.3028
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
GFS
GlobalFoundries Inc. Ordinary Shares
Highest
-0.197
Johnson & Johnson
JNJ · 1,113 data points
Lowest
-0.807
Mastercard Incorporated
MA · 1,113 data points
Saved 5 hours ago · ID: stock-nvda-vs-stock-gfs-daily-20260408-9705eg