Correlation Analysis
Nvidia Corp vs HP Inc.
NVDA vs HPQ
-0.364
Light 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
HP Inc.
↗HPQ
HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.
Market cap 17.3B · 55,000 employees
Time Series
Rebased to 100
Who Moves First
NVDA leads HPQ by 6 days
NVDA tends to move before HPQ.
Best correlation after shifting: -0.364 (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
+0.209
14 periods · Return correlation when both series rose
Both Falling
+0.767
11 periods · Return correlation when both series fell
Diverging
-0.236
10 periods · Return correlation when series moved apart
R-Squared
13.2%
Share of variance in one series explained by the other.
Trend Agreement
61.4%
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: [-0.411, -0.315]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired observations 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
Nvidia Corp
NVDA
Market cap 4.3T
Stock · 1,254 raw → 1,254 prepared
Series B
HP Inc.
HPQ
Market cap 17.3B · 55,000 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
-0.0275
Linear regression slope.
Intercept
32.2564
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-nvda-vs-stock-hpq-daily-20260408-ojycp2