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Cosmos (ATOM) vs ICE BofA BBB US Corporate Index Option-Adjusted Spread
Correlation
of % moves
-20%
In sync
of periods
41%
History
daysdays · through 2026-05-20
521
These move in the same direction about 41% of the time
Their swing sizes only faintly mirror each other (~4% 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
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
41.3%
Headline metric
Movement correlation(i)
-20%
Based on % moves
95% CI
-28% → -11%
Likely range of correlation
Pipeline
Pipeline Summary
521 paired data points survived the daily window.
Raw input
730
786
Normalized
730
786
Prepared
730
786
Aligned
521
521
Invalid removed
R²(i)
4.0%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
521
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
-20%
No shift — both series at their actual dates.
520 overlapping points at this shift
Baseline
-20%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-20%
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
+32%
28 periods · Return correlation when both series rose
Both Falling
-5%
48 periods · Return correlation when both series fell
Diverging
-55%
173 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
474
A: 209 / B: 265
Series A
Cosmos (ATOM)
ATOM
Crypto · 730 raw → 730 prepared
Series B
ICE BofA BBB US Corporate Index Option-Adjusted Spread
BAMLC0A4CBBB
FRED · 786 raw → 786 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
-0.0596
Linear regression slope.
Intercept
-0.0005
Linear regression intercept.
Saved 2 weeks ago · ID: crypto-atom_fred-bamlc0a4cbbb_daily_5y