Loading market view
Loading market view
Loading correlations
Above Food Ingredients Inc. Common Stock (ABVE) vs Spot Crude Oil Price: West Texas Intermediate
Correlation
of % moves
-26%
In sync
of periods
43%
History
monthsmonths · through 2026-04
22
These move opposite each other about 43% of the time
Their swing sizes only faintly mirror each other (~7% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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
Spot Crude Oil Price: West Texas Intermediate moves ~4 months before ABVE
Watch Spot Crude Oil Price: West Texas Intermediate 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)
42.9%
Headline metric
Movement correlation(i)
-26%
Based on % moves
95% CI
-62% → +20%
Pipeline
Pipeline Summary
22 paired data points survived the monthly window.
Raw input
476
964
Normalized
476
964
Prepared
23
964
Aligned
22
22
Invalid removed
Likely range of correlation
R²(i)
6.5%
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
-4 months
Correlation at this shift
+60%
+35% stronger than no-shift baseline
Spot Crude Oil Price: West Texas Intermediate shifted 4 months later. Reads: "Does Above Food Ingredients Inc. Common Stock (ABVE) today line up with Spot Crude Oil Price: West Texas Intermediate 4 months ago?"
17 overlapping points at this shift
Baseline
-26%
No-shift correlation, matching the main time-series chart above.
Peak shift
-4 months
+60%
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
+2%
7 periods · Return correlation when both series fell
Diverging
-50%
12 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
943
A: 1 / B: 942
Series A
Above Food Ingredients Inc. Common Stock (ABVE)
ABVE
Stock · 476 raw → 23 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 964 raw → 964 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
-0.0626
Linear regression slope.
Intercept
0.0065
Linear regression intercept.
Saved 2 weeks ago · ID: fred-wtisplc_stock-abve_monthly_5y