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Avalanche (AVAX) vs IG Bond Spread
Correlation
of % moves
-26%
In sync
of periods
39%
History
daysdays · through 2026-05-20
520
These move in the same direction about 39% of the time
Their swing sizes only faintly mirror each other (~7% 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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
39.1%
Headline metric
Movement correlation(i)
-26%
Based on % moves
95% CI
-34% → -18%
Likely range of correlation
Pipeline
Pipeline Summary
520 paired data points survived the daily window.
Raw input
730
785
Normalized
730
785
Prepared
730
785
Aligned
520
520
Invalid removed
R²(i)
6.7%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
520
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
-26%
No shift — both series at their actual dates.
519 overlapping points at this shift
Baseline
-26%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-26%
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
-20%
20 periods · Return correlation when both series rose
Both Falling
-10%
42 periods · Return correlation when both series fell
Diverging
-46%
187 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
475
A: 210 / B: 265
Series A
Avalanche (AVAX)
AVAX
Crypto · 730 raw → 730 prepared
Series B
IG Bond Spread
BAMLC0A0CM
FRED · 785 raw → 785 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
-0.0766
Linear regression slope.
Intercept
-0.0005
Linear regression intercept.
Saved 2 weeks ago · ID: crypto-avax_fred-bamlc0a0cm_daily_5y