Correlation Analysis
Tesla, Inc. Common Stock vs DGS2
TSLA vs DGS2
-0.137
Weak inverse
When one moves up, the other tends to move down.
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
DGS2
DGS2
Who Moves First
DGS2 leads TSLA by 6 days
DGS2 tends to move before TSLA.
Best correlation after shifting: -0.147 (13 shifts scanned)
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
-0.148
14 periods · Return correlation when both series rose
Both Falling
-0.606
6 periods · Return correlation when both series fell
Diverging
-0.602
15 periods · Return correlation when series moved apart
R-Squared
1.9%
Share of variance in one series explained by the other.
Trend Agreement
50.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,244
Deep shared window — 1,244 usable pairs.
Significance
p < 0.001
95% CI: [-0.191, -0.082]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,244 paired observations survived the daily window.
Raw input
1,254
12,457
Normalized
1,254
12,457
Prepared
1,254
12,457
Aligned
1,244
1,244
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11,223
A: 10 / B: 11213
Series A
Tesla, Inc. Common Stock
TSLA
Market cap 1.3T
Stock · 1,254 raw → 1,254 prepared
Series B
DGS2
FRED · 12,457 raw → 12,457 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
-0.0025
Linear regression slope.
Intercept
4.0638
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
TSLA
Tesla, Inc. Common Stock
Highest
+0.870
Reddit, Inc.
RDDT · 512 observations
Lowest
-0.817
Elevance Health, Inc.
ELV · 947 observations
Saved 4 hours ago · ID: stock-tsla-vs-fred-dgs2-daily-20260408-im2mhw