Loading market view
Loading market view
Loading correlations
Lumentum Holdings Inc. Common Stock (LITE) vs Credo Technology Group Holding Ltd Ordinary Shares (CRDO)
Correlation
of % moves
+43%
In sync
of periods
68%
History
daysdays · through 2026-05-28
1,087
These move in the same direction about 68% of the time
Their swing sizes loosely line up (~19% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Advanced
Statistics
In sync(i)
67.9%
Headline metric
Movement correlation(i)
+43%
Based on % moves
95% CI
+38% → +48%
Likely range of correlation
Pipeline
Pipeline Summary
1,087 paired data points survived the daily window.
Raw input
1,254
1,087
Normalized
1,254
1,087
Prepared
1,254
1,087
Aligned
1,087
1,087
Invalid removed
R²(i)
18.7%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,087
Deep
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
+43%
No shift — both series at their actual dates.
1,086 overlapping points at this shift
Baseline
+43%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+43%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
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
+41%
78 periods · Return correlation when both series rose
Both Falling
+71%
58 periods · Return correlation when both series fell
Diverging
-56%
41 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
167
A: 167 / B: 0
Series A
Lumentum Holdings Inc. Common Stock (LITE)
LITE
Stock · 1,254 raw → 1,254 prepared
Series B
Credo Technology Group Holding Ltd Ordinary Shares (CRDO)
CRDO
Stock · 1,087 raw → 1,087 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.5681
Linear regression slope.
Intercept
0.0016
Linear regression intercept.
Saved 3 weeks ago · ID: stock-crdo_stock-lite_daily_5y