SeriesMagCorrOverlapThrough
These move together about 47% of the time
Moderate positive
A real but noisy link — useful as context, risky as a standalone signal.
AbbVie is a pharmaceutical firm with a strong exposure to immunology (with Humira, Skyrizi, and Rinvoq) and oncology (with Imbruvica and Venclexta). The company was spun off from Abbott in early 2013. The 2020 acquisition of Allergan added several new products and drugs in aesthetics, including Botox. The 2024 acquisitions of Cerevel (neuroscience) and ImmunoGen (oncology) help supplement AbbVie's portfolio.
Market cap 349.1B · 57,000 employees
30Y Mortgage Rate
MORTGAGE30US
What to Watch
Unusual right now
Recent correlation (-82%) is 2.4σ from the long-run average of +55% — pair is behaving differently than usual.
Holds across regimes
Correlation is similar when markets rise (-16%) and fall (-10%) — 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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
+55%
No shift — both series at their actual dates.
261 overlapping points at this shift
Time series with 30Y Mortgage Rate 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
+55%
Pearson correlation
95% CI
+46% → +63%
Likely range
R²
30.4%
Variance explained
Trend agreement
46.9%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
261
Robust
Pipeline
Pipeline Summary
261 paired data points survived the weekly window.
Raw input
1,255
2,875
Normalized
1,255
2,875
Prepared
261
2,875
Aligned
261
261
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.
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
-16%
63 periods · Return correlation when both series rose
Both Falling
-10%
52 periods · Return correlation when both series fell
Diverging
-56%
134 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,614
A: 0 / B: 2614
Series A
ABBVIE INC.
ABBV
Market cap 349.1B · 57,000 employees
Stock · 1,255 raw → 261 prepared
Series B
MORTGAGE30US
FRED · 2,875 raw → 2,875 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.0233
Linear regression slope.
Intercept
2.0516
Linear regression intercept.
Saved yesterday · ID: fred:mortgage30us|stock:abbv|5Y
MORTGAGE30US
30Y Mortgage Rate
Strongest positive