Correlation Analysis
Oracle Corp vs Thermo Fisher Scientific, Inc.
ORCL vs TMO
-0.207
Light inverse
When one moves up, the other tends to move down.
Oracle Corp
↗ORCL
Oracle provides enterprise applications and infrastructure offerings through a variety of flexible IT deployment models, including on-premises, cloud-based, and hybrid. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system, which is commonly used by the world's largest companies for high-volume online transaction processing workloads. Besides databases, Oracle also sells enterprise resource planning platforms and cloud infrastructure that play an increasingly important role in large language model training and inferencing.
Market cap 418.6B
Thermo Fisher Scientific, Inc.
↗TMO
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments as of year-end 2024 (revenue figures include some cross-segment revenue): analytical technologies (17% of sales); specialty diagnostic products (11%); life science solutions (23%); and lab products and services, which includes CRO services (the remainder).
Market cap 181.4B
Time Series
Relative Performance
Who Moves First
TMO leads ORCL by 6 days
TMO tends to move before ORCL.
After testing 13 timing shifts, the strongest relationship was -0.239 (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
-0.041
15 periods · Return correlation when both series rose
Both Falling
+0.678
8 periods · Return correlation when both series fell
Diverging
-0.737
12 periods · Return correlation when series moved apart
R-Squared
4.3%
Share of variance in one series explained by the other.
Trend Agreement
61.1%
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: [-0.260, -0.154]
Scatter
XY Regression
Pipeline
Data quality details
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
Oracle Corp
ORCL
Market cap 418.6B
Stock · 1,254 raw → 1,254 prepared
Series B
Thermo Fisher Scientific, Inc.
TMO
Market cap 181.4B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
34
Estimated crossover points between normalized spreads.
Slope
-0.2049
Linear regression slope.
Intercept
565.5756
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-orcl-vs-stock-tmo-daily