SeriesMag|r|OverlapThrough
Correlation Analysis
AVGO vs WMT
These move together about 56% of the time
Very strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Broadcom is one of the largest semiconductor companies in the world and has also expanded into infrastructure software. Its semiconductors primarily serve computing and networking, with custom AI accelerators now accounting for the bulk of the business. It is primarily a fabless designer, but holds some manufacturing in-house, such as for its best-of-breed film bulk acoustic resonator filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments. Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as VMware, Brocade, CA Technologies, and Symantec in software.
Market cap 1.5T
Since its founding in 1962, Walmart has become the world's largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam's Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $680 billion in fiscal 2025 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2025 sales), Walmart International (18%), and Sam's Club (14%). Within the US, nearly 60% of its $465 billion in fiscal 2025 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart's operations are concentrated in Mexico, though it also has budding exposure to India.
What to Watch
AVGO moves ~2 days before WMT
Watch AVGO for an early read on WMT.
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
+2 days
Correlation at this shift
+0.960
+0.00 stronger than no-shift baseline
Walmart Inc. Common Stock shifted 2 days earlier. Reads: "Does Broadcom Inc. Common Stock today line up with Walmart Inc. Common Stock 2 days from now?"
1,252 overlapping points at this shift
Time series with Walmart Inc. Common Stock shifted 2 days earlier
Indexed to 100 at start
Deep Dive
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
+0.618
18 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.566
13 periods · Return correlation when series moved apart
r
+0.960
Pearson correlation
95% CI
0.96 → 0.96
Likely range
R²
92.1%
Variance explained
Trend agreement
55.8%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,254
Deep
Pipeline
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
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 1T
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Walmart Inc. Common Stock
WMT
Market cap 1T
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
0.2365
Linear regression slope.
Intercept
34.4421
Linear regression intercept.
Saved 3 weeks ago · ID: stock-avgo-vs-stock-wmt-daily-20260408-kiqfes