SeriesMagCorrOverlapThrough
These move together about 51% of the time
Strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China retail e-commerce platform is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China wholesale e-commerce, international retail and wholesale e-commerce, local consumer services, travel services, cloud computing, digital media and entertainment, Cainiao logistics services, and other businesses.
Market cap 317.9B · 128,197 employees
10Y-2Y Yield Spread
T10Y2Y
What to Watch
Holds across regimes
Correlation is similar when markets rise (-5%) and fall (+4%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
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
+81%
No shift — both series at their actual dates.
1,246 overlapping points at this shift
Time series with 10Y-2Y Yield Spread at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+81%
Pearson correlation
95% CI
+79% → +83%
Likely range
R²
66.3%
Variance explained
Trend agreement
51.0%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,246
Deep
Pipeline
Pipeline Summary
1,246 paired data points survived the daily window.
Raw input
1,255
12,476
Normalized
1,255
12,476
Prepared
1,255
12,476
Aligned
1,246
1,246
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
BABA
Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares
Strongest positive
Strongest inverse
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
-5%
52 periods · Return correlation when both series rose
Both Falling
+4%
62 periods · Return correlation when both series fell
Diverging
-51%
135 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11,239
A: 9 / B: 11230
Series A
Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares
BABA
Market cap 317.9B · 128,197 employees
Stock · 1,255 raw → 1,255 prepared
Series B
T10Y2Y
FRED · 12,476 raw → 12,476 prepared
Sign agreement
56.5%
How often both values share the same sign.
Zero crossings
38
Estimated crossover points between normalized spreads.
Slope
0.0132
Linear regression slope.
Intercept
-1.3686
Linear regression intercept.
Saved 1 hour ago · ID: fred-t10y2y_stock-baba_5y
T10Y2Y
10Y-2Y Yield Spread
Strongest positive