Correlation Analysis
Qnity Electronics, Inc. vs Tesla, Inc. Common Stock
Q vs TSLA
-0.646
Moderate inverse
When one moves up, the other tends to move down.
Qnity Electronics, Inc.
↗Q
Qnity Electronics Inc is a specialty chemicals company created in 2025 after being spun off from DuPont. It sells chemicals and materials to the semiconductor industry, which generates the majority of sales, and also the electronics industry. The two segments are Semiconductor Technologies segment which provides a portfolio of materials and solutions utilized across multiple stages of the semiconductor manufacturing process. Interconnect Solutions segment offers a comprehensive range of material solutions that address the evolving complexities of signal integrity, thermal and power management and packaging. These solutions are integral for electronics hardware, including complex printed circuit boards and semiconductor packaging.
Market cap 24.9B
Tesla, Inc. Common Stock
↗TSLA
Tesla is a vertically integrated battery electric vehicle automaker and developer of real world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling a sports car and offer a robotaxi service. Global deliveries in 2025 were nearly 1.64 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network and an auto insurance business.
Market cap 1.3T
Time Series
Relative Performance
Who Moves First
Q leads TSLA by 6 days
Q tends to move before TSLA.
After testing 13 timing shifts, the strongest relationship was -0.774 (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
+0.093
10 periods · Return correlation when both series rose
Both Falling
+0.483
10 periods · Return correlation when both series fell
Diverging
-0.541
15 periods · Return correlation when series moved apart
R-Squared
41.7%
Share of variance in one series explained by the other.
Trend Agreement
63.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
106
Usable shared window — 106 usable pairs.
Significance
p < 0.001
95% CI: [-0.745, -0.519]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
106 paired data points survived the daily window.
Raw input
106
1,254
Normalized
106
1,254
Prepared
106
1,254
Aligned
106
106
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,148
A: 0 / B: 1148
Series A
Qnity Electronics, Inc.
Q
Market cap 24.9B
Stock · 106 raw → 106 prepared
Series B
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-1.3849
Linear regression slope.
Intercept
558.2163
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-q-vs-stock-tsla-daily