SeriesMagCorrSyncOverlapThrough
Correlation
-88%
of values
In sync
31%
of periods
History
752
days · through 2026-04-30
These move opposite each other about 31% of the time
When one swings, the other almost always swings by a closely matched amount in the opposite direction (~77% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Time Series
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
30.6%
Headline metric
Movement correlation(i)
-88%
Based on values
95% CI
-89% → -86%
Likely range of correlation
Pipeline
Pipeline Summary
752 paired data points survived the daily window.
Raw input
786
2,515
Normalized
786
2,515
Prepared
786
2,515
Aligned
752
752
Invalid removed
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
R²(i)
76.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
752
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
-88%
No shift — both series at their actual dates.
752 overlapping points at this shift
Baseline
-88%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-88%
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
+73%
30 periods · Return correlation when both series rose
Both Falling
+36%
30 periods · Return correlation when both series fell
Diverging
-80%
189 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,797
A: 34 / B: 1763
Series A
BAMLC0A4CBBB
FRED · 786 raw → 786 prepared
Series B
SP500
FRED · 2,515 raw → 2,515 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
-3371.4596
Linear regression slope.
Intercept
9674.0745
Linear regression intercept.
Saved 4 hours ago · ID: fred-bamlc0a4cbbb_fred-sp500_5y