Correlation Analysis
Tesla, Inc. Common Stock vs GE HealthCare Technologies Inc. Common Stock
TSLA vs GEHC
+0.039
Near-zero positive
When one moves up, the other tends to follow.
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
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
Rebased to 100
Who Moves First
in sync
TSLA and GEHC tend to move at the same time.
Best correlation after shifting: +0.039 (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
+0.274
8 periods · Return correlation when both series rose
Both Falling
+0.543
9 periods · Return correlation when both series fell
Diverging
-0.583
18 periods · Return correlation when series moved apart
R-Squared
0.2%
Share of variance in one series explained by the other.
Trend Agreement
62.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
816
Deep shared window — 816 usable pairs.
Significance
n.s.
95% CI: [-0.029, 0.108]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
816 paired observations 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
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
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
0.0031
Linear regression slope.
Intercept
77.1633
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
TSLA
Tesla, Inc. Common Stock
Highest
+0.870
Reddit, Inc.
RDDT · 512 observations
Lowest
-0.817
Elevance Health, Inc.
ELV · 947 observations
GEHC
GE HealthCare Technologies Inc. Common Stock
Highest
+0.376
Eli Lilly & Co.
LLY · 816 observations
Lowest
-0.023
Johnson & Johnson
JNJ · 816 observations
Saved 3 hours ago · ID: stock-tsla-vs-stock-gehc-daily-20260408-9b9r2s