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Above Food Ingredients Inc. Common Stock (ABVE) vs Aaa Corporate Bond Yield
Correlation
of % moves
+14%
In sync
of periods
48%
History
monthsmonths · through 2026-04
22
These move in the same direction about 48% of the time
Their swing sizes only faintly line up (~2% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Aaa Corporate Bond Yield moves ~6 months before ABVE
Watch Aaa Corporate Bond Yield for an early read on ABVE.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
47.6%
Headline metric
Movement correlation(i)
+14%
Based on % moves
95% CI
-31% → +54%
Pipeline
Pipeline Summary
22 paired data points survived the monthly window.
Raw input
476
1,288
Normalized
476
1,288
Prepared
23
1,288
Aligned
22
22
Invalid removed
Likely range of correlation
R²(i)
2.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
22
Limited
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: -11 to 11 months.
Selected shift
-6 months
Correlation at this shift
+61%
+47% stronger than no-shift baseline
Aaa Corporate Bond Yield shifted 6 months later. Reads: "Does Above Food Ingredients Inc. Common Stock (ABVE) today line up with Aaa Corporate Bond Yield 6 months ago?"
15 overlapping points at this shift
Baseline
+14%
No-shift correlation, matching the main time-series chart above.
Peak shift
-6 months
+61%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
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
N/A
3 periods · Return correlation when both series rose
Both Falling
+76%
7 periods · Return correlation when both series fell
Diverging
-44%
11 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,267
A: 1 / B: 1266
Series A
Above Food Ingredients Inc. Common Stock (ABVE)
ABVE
Stock · 476 raw → 23 prepared
Series B
Aaa Corporate Bond Yield
AAA
FRED · 1,288 raw → 1,288 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0105
Linear regression slope.
Intercept
0.0033
Linear regression intercept.
Saved 2 weeks ago · ID: fred-aaa_stock-abve_monthly_5y