SeriesMagCorrOverlapThrough
These move opposite each other about 62% of the time
Moderate inverse
A real but noisy link — useful as context, risky as a standalone signal.
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV and YouTube Music, among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform accounts for roughly 10% of Alphabet's revenue. The firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and interne
Market cap 4.7T · 190,820 employees
In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Then, through a series of mergers, acquisitions, and divestitures, Danaher now focuses primarily on manufacturing scientific instruments and consumables in the life sciences and diagnostic industries after the late 2023 divestiture of its environmental and applied solutions group, Veralto.
What to Watch
Drifting from pattern
Recent correlation (+34%) is running 2.0σ away from the long-run average of -48%.
Holds across regimes
Correlation is similar when markets rise (+4%) and fall (+14%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
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
-48%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Danaher Corporation 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
-48%
Pearson correlation
95% CI
-52% → -44%
Likely range
R²
23.2%
Variance explained
Trend agreement
62.0%
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 127.8B · 60,000 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
+4%
100 periods · Return correlation when both series rose
Both Falling
+14%
83 periods · Return correlation when both series fell
Diverging
-38%
66 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
Alphabet Inc. Class A Common Stock
GOOGL
Market cap 4.7T · 190,820 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Danaher Corporation
DHR
Market cap 127.8B · 60,000 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
-0.2726
Linear regression slope.
Intercept
291.0081
Linear regression intercept.
Saved 2 hours ago · ID: stock-dhr_stock-googl_5y
DHR
Danaher Corporation
Strongest positive