Correlation Analysis
Tesla, Inc. Common Stock vs Monolithic Power Systems, Inc.
TSLA vs MPWR
+0.526
Moderate 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
Monolithic Power Systems, Inc.
↗MPWR
Monolithic Power Systems is an analog and mixed-signal chipmaker specializing in power management solutions. Its mission is to reduce total energy consumption in end systems. It serves the computing, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.
Market cap 58B · 4,501 employees
Time Series
Relative Performance
Who Moves First
in sync
TSLA and MPWR tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.526 (they moved in the same direction).
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
+0.211
15 periods · Return correlation when both series rose
Both Falling
+0.530
10 periods · Return correlation when both series fell
Diverging
-0.878
10 periods · Return correlation when series moved apart
R-Squared
27.7%
Share of variance in one series explained by the other.
Trend Agreement
68.5%
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: [0.485, 0.565]
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
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Monolithic Power Systems, Inc.
MPWR
Market cap 58B · 4,501 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
19
Estimated crossover points between normalized spreads.
Slope
1.3348
Linear regression slope.
Intercept
240.2710
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
TSLA
Tesla, Inc. Common Stock
Highest
+0.870
Reddit, Inc.
RDDT · 512 data points
Lowest
-0.817
Elevance Health, Inc.
ELV · 947 data points
MPWR
Monolithic Power Systems, Inc.
Highest
+0.901
Nvidia Corp
NVDA · 1,254 data points
Lowest
+0.475
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-tsla-vs-stock-mpwr-daily-20260408-69aeg1