Loading market view
Loading market view
Loading correlations
Cboe Global Markets, Inc. (CBOE) vs Monetary Base
Correlation
of % moves
+35%
In sync
of periods
49%
History
monthsmonths · through 2026-03
58
These move in the same direction about 49% of the time
Their swing sizes only faintly line up (~13% of the pattern is shared).
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 looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
49.1%
Headline metric
Movement correlation(i)
+35%
Based on % moves
95% CI
+10% → +56%
Likely range of correlation
Pipeline
Pipeline Summary
58 paired data points survived the monthly window.
Raw input
1,254
807
Normalized
1,254
807
Prepared
60
807
Aligned
58
58
Invalid removed
R²(i)
12.5%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
58
Thin
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+35%
No shift — both series at their actual dates.
57 overlapping points at this shift
Baseline
+35%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+35%
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
-23%
17 periods · Return correlation when both series rose
Both Falling
+60%
11 periods · Return correlation when both series fell
Diverging
-32%
29 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
751
A: 2 / B: 749
Series A
Cboe Global Markets, Inc. (CBOE)
CBOE
Stock · 1,254 raw → 60 prepared
Series B
Monetary Base
BOGMBASE
FRED · 807 raw → 807 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.1698
Linear regression slope.
Intercept
-0.0045
Linear regression intercept.
Saved 3 weeks ago · ID: fred-bogmbase_stock-cboe_monthly_5y