SeriesMagCorrOverlapThrough
These move together about 46% of the time
Moderate positive
A real but noisy link — useful as context, risky as a standalone signal.
Bristol Myers Squibb discovers, develops, and markets drugs for various therapeutic areas, such as cardiovascular, cancer, and immune disorders. A key focus for Bristol is immuno-oncology, where the firm is a leader in drug development. Bristol derives close to 70% of total sales from the US, showing a higher dependence on the US market than most of its peer group.
Market cap 118B · 32,500 employees
St. Louis Financial Stress Index
STLFSI4
What to Watch
Tighter in drawdowns
Pair moves more tightly when both fall (+31%) than when both rise (+7%) — 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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
+49%
No shift — both series at their actual dates.
260 overlapping points at this shift
Time series with St. Louis Financial Stress Index 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
+49%
Pearson correlation
95% CI
+40% → +58%
Likely range
R²
24.4%
Variance explained
Trend agreement
46.3%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
260
Robust
Pipeline
Pipeline Summary
260 paired data points survived the weekly window.
Raw input
1,255
1,687
Normalized
1,255
1,687
Prepared
261
1,687
Aligned
260
260
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.
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
+7%
61 periods · Return correlation when both series rose
Both Falling
+31%
56 periods · Return correlation when both series fell
Diverging
-58%
132 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,428
A: 1 / B: 1427
Series A
Bristol-Myers Squibb Co.
BMY
Market cap 118B · 32,500 employees
Stock · 1,255 raw → 261 prepared
Series B
STLFSI4
FRED · 1,687 raw → 1,687 prepared
Sign agreement
8.8%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
0.0160
Linear regression slope.
Intercept
-1.4392
Linear regression intercept.
Saved 1 hour ago · ID: fred-stlfsi4_stock-bmy_5y
STLFSI4
St. Louis Financial Stress Index
Strongest positive