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Correlation
of % moves
+2%
In sync
of periods
54%
History
daysdays · through 2026-05-22
588
These move in the same direction about 54% of the time
Their swing sizes barely line up — almost no shared pattern.
Roughly random — these don't track each other in a meaningful way.
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 tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
BMY moves ~2 days before VELO
Watch BMY for an early read on VELO.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
53.8%
Headline metric
Movement correlation(i)
+2%
Based on % moves
95% CI
-6% → +10%
Likely range of correlation
Pipeline
Pipeline Summary
588 paired data points survived the daily window.
Raw input
1,253
588
Normalized
1,253
588
Prepared
1,253
588
Aligned
588
588
Invalid removed
R²(i)
0.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
588
Robust
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
+2 days
Correlation at this shift
-9%
+7% stronger than no-shift baseline
Velo3D, Inc. Common stock (VELO) shifted 2 days earlier. Reads: "Does Bristol-Myers Squibb Co. (BMY) today line up with Velo3D, Inc. Common stock (VELO) 2 days from now?"
582 overlapping points at this shift
Baseline
+2%
No-shift correlation, matching the main time-series chart above.
Peak shift
+2 days
-9%
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%
71 periods · Return correlation when both series rose
Both Falling
+1%
64 periods · Return correlation when both series fell
Diverging
-25%
113 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
665
A: 665 / B: 0
Series A
Bristol-Myers Squibb Co. (BMY)
BMY
Stock · 1,253 raw → 1,253 prepared
Series B
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 588 raw → 588 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.0963
Linear regression slope.
Intercept
0.0033
Linear regression intercept.
Saved 2 weeks ago · ID: stock-bmy_stock-velo_daily_5y