SeriesMagCorrOverlapThrough
These move together about 73% of the time
Very strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers (including artificial intelligence), industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. However, AMD is emerging as a prominent player in AI GPUs and related hardware. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox.
Market cap 545.6B · 31,000 employees
Applied Materials is the largest semiconductor wafer fabrication equipment manufacturer in the world. It has a broad portfolio spanning nearly every corner of the WFE ecosystem. Applied Materials holds leading market share in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.
What to Watch
Tighter in drawdowns
Pair moves more tightly when both fall (+63%) than when both rise (+38%) — typical risk-off behaviour.
Rock solid
Correlation barely moves across time windows — treat this as a reliable relationship.
Time Series
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+89%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Applied Materials Inc at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+89%
Pearson correlation
95% CI
+87% → +90%
Likely range
R²
78.4%
Variance explained
Trend agreement
73.5%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
Market cap 321.3B · 36,500 employees
Do They Crash Together?
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
+38%
112 periods · Return correlation when both series rose
Both Falling
+63%
94 periods · Return correlation when both series fell
Diverging
-32%
43 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Advanced Micro Devices
AMD
Market cap 545.6B · 31,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Applied Materials Inc
AMAT
Market cap 321.3B · 36,500 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
57
Estimated crossover points between normalized spreads.
Slope
1.1629
Linear regression slope.
Intercept
14.9540
Linear regression intercept.
Saved 1 hour ago · ID: stock-amat_stock-amd_5y
AMAT
Applied Materials Inc
Strongest positive