SeriesMagCorrOverlapThrough
These move together about 77% 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
Vanguard FTSE Emerging Markets ETF
VWO
What to Watch
Tighter in drawdowns
Pair moves more tightly when both fall (+67%) than when both rise (+44%) — typical risk-off behaviour.
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
+82%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Vanguard FTSE Emerging Markets ETF 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
+82%
Pearson correlation
95% CI
+80% → +84%
Likely range
R²
67.1%
Variance explained
Trend agreement
76.5%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
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
+44%
111 periods · Return correlation when both series rose
Both Falling
+67%
105 periods · Return correlation when both series fell
Diverging
-36%
33 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
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
Vanguard FTSE Emerging Markets ETF
VWO
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
44
Estimated crossover points between normalized spreads.
Slope
0.1219
Linear regression slope.
Intercept
32.0288
Linear regression intercept.
Saved 1 hour ago · ID: stock-baba_stock-vwo_5y
VWO
Vanguard FTSE Emerging Markets ETF
Strongest positive