SeriesMagCorrOverlapThrough
These move together about 61% of the time
Strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Abbott manufactures and markets cardiovascular and diabetes devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, continuous glucose monitors, and immunoassays and point-of-care diagnostic equipment. Abbott derives roughly 60% of sales outside the United States.
Market cap 161.3B · 115,000 employees
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
What to Watch
Unusual right now
Recent correlation (+1%) is 2.5σ from the long-run average of +69% — pair is behaving differently than usual.
Tighter in drawdowns
Pair moves more tightly when both fall (+38%) than when both rise (+3%) — typical risk-off behaviour.
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
+69%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with 3M Company 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
+69%
Pearson correlation
95% CI
+66% → +71%
Likely range
R²
47.0%
Variance explained
Trend agreement
60.9%
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 76B · 60,500 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
+3%
93 periods · Return correlation when both series rose
Both Falling
+38%
92 periods · Return correlation when both series fell
Diverging
-36%
64 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
Abbott Laboratories
ABT
Market cap 161.3B · 115,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
3M Company
MMM
Market cap 76B · 60,500 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
30
Estimated crossover points between normalized spreads.
Slope
1.8194
Linear regression slope.
Intercept
-84.9862
Linear regression intercept.
Saved 1 hour ago · ID: stock-abt_stock-mmm_5y
MMM
3M Company
Strongest positive