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Above Food Ingredients Inc. Common Stock (ABVE) vs Consumer Sentiment
Correlation
of % moves
-24%
In sync
of periods
41%
History
monthsmonths · through 2026-06
24
These move in the same direction about 41% of the time
Their swing sizes only faintly mirror each other (~6% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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
ABVE moves ~10 months before Consumer Sentiment
Watch ABVE for an early read on Consumer Sentiment.
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)
41%
Headline metric
Movement correlation(i)
-24%
Based on % moves
95% CI
-60% → +19%
Pipeline
Pipeline Summary
24 paired data points survived the monthly window.
Raw input
481
674
Normalized
481
674
Prepared
24
674
Aligned
24
24
Invalid removed
Likely range of correlation
R²(i)
6%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
23
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: -13 to 13 months.
Selected shift
+10 months
Correlation at this shift
-51%
+27% stronger than no-shift baseline
Consumer Sentiment shifted 10 months earlier. Reads: "Does Above Food Ingredients Inc. Common Stock (ABVE) today line up with Consumer Sentiment 10 months from now?"
13 overlapping points at this shift
Baseline
-24%
No-shift correlation, matching the main time-series chart above.
Peak shift
+10 months
-51%
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
2 periods · Return correlation when both series rose
Both Falling
-39%
7 periods · Return correlation when both series fell
Diverging
-29%
14 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
650
A: 0 / B: 650
Series A
Above Food Ingredients Inc. Common Stock (ABVE)
ABVE
Stock · 481 raw → 24 prepared
Series B
Consumer Sentiment
UMCSENT
FRED · 674 raw → 674 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0337
Linear regression slope.
Intercept
-0.0171
Linear regression intercept.
Saved 3 months ago · ID: fred-umcsent_stock-abve_monthly_5y