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Correlation
of % moves
-58%
In sync
of periods
30%
History
daysdays · through 2026-05-22
1,254
These move opposite each other about 30% of the time
Their swing sizes loosely mirror each other (~34% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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 looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
30.5%
Headline metric
Movement correlation(i)
-58%
Based on % moves
95% CI
-61% → -54%
Likely range of correlation
Pipeline
Pipeline Summary
1,254 paired data points survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
R²(i)
33.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,254
Deep
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
-58%
No shift — both series at their actual dates.
1,253 overlapping points at this shift
Baseline
-58%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-58%
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
-14%
33 periods · Return correlation when both series rose
Both Falling
-35%
47 periods · Return correlation when both series fell
Diverging
-44%
169 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
American Express Company (AXP)
AXP
Stock · 1,254 raw → 1,254 prepared
Series B
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX)
VXX
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
-1.3094
Linear regression slope.
Intercept
-0.0018
Linear regression intercept.
Saved 2 weeks ago · ID: stock-axp_stock-vxx_daily_5y