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Correlation
of % moves
+14%
In sync
of periods
53%
History
daysdays · through 2026-05-22
476
These move in the same direction about 53% 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
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
53.1%
Headline metric
Movement correlation(i)
+14%
Based on % moves
95% CI
+5% → +23%
Likely range of correlation
Pipeline
Pipeline Summary
476 paired data points survived the daily window.
Raw input
1,254
476
Normalized
1,254
476
Prepared
1,254
476
Aligned
476
476
Invalid removed
R²(i)
2.1%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
476
Robust
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
+14%
No shift — both series at their actual dates.
475 overlapping points at this shift
Baseline
+14%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+14%
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
-11%
54 periods · Return correlation when both series rose
Both Falling
+24%
75 periods · Return correlation when both series fell
Diverging
-31%
120 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
778
A: 778 / B: 0
Series A
Waters Corp (WAT)
WAT
Stock · 1,254 raw → 1,254 prepared
Series B
Above Food Ingredients Inc. Common Stock (ABVE)
ABVE
Stock · 476 raw → 476 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
34
Estimated crossover points between normalized spreads.
Slope
0.8355
Linear regression slope.
Intercept
-0.0048
Linear regression intercept.
Saved 2 weeks ago · ID: stock-abve_stock-wat_daily_5y