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Above Food Ingredients Inc. Common Stock (ABVE) vs Fed Balance Sheet
Correlation
of % moves
-16%
In sync
of periods
51%
History
weeksweeks · through 2026-23
101
These move in the same direction about 51% of the time
Their swing sizes only faintly mirror each other (~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
ABVE moves ~12 weeks before Fed Balance Sheet
Watch ABVE for an early read on Fed Balance Sheet.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
51%
Headline metric
Movement correlation(i)
-16%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
101 paired data points survived the weekly window.
Raw input
481
1,229
Normalized
481
1,229
Prepared
101
1,229
Aligned
101
101
Invalid removed
2%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
100
Usable
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
+12 weeks
Correlation at this shift
+21%
+6% stronger than no-shift baseline
Fed Balance Sheet shifted 12 weeks earlier. Reads: "Does Above Food Ingredients Inc. Common Stock (ABVE) today line up with Fed Balance Sheet 12 weeks from now?"
88 overlapping points at this shift
Baseline
-16%
No-shift correlation, matching the main time-series chart above.
Peak shift
+12 weeks
+21%
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
-26%
14 periods · Return correlation when both series rose
Both Falling
-6%
36 periods · Return correlation when both series fell
Diverging
-39%
50 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,128
A: 0 / B: 1128
Series A
Above Food Ingredients Inc. Common Stock (ABVE)
ABVE
Stock · 481 raw → 101 prepared
Series B
Fed Balance Sheet
WALCL
FRED · 1,229 raw → 1,229 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0014
Linear regression slope.
Intercept
-0.0008
Linear regression intercept.
Saved 3 months ago · ID: fred-walcl_stock-abve_weekly_5y