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Cboe Global Markets, Inc. (CBOE) vs Case-Shiller Home Price Index
Correlation
of % moves
-24%
In sync
of periods
46%
History
monthsmonths · through 2026-02
57
These move in the same direction about 46% of the time
Their swing sizes only faintly mirror each other (~6% 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 tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
CBOE moves ~7 months before Case-Shiller Home Price Index
Watch CBOE for an early read on Case-Shiller Home Price Index.
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)
46.4%
Headline metric
Movement correlation(i)
-24%
Based on % moves
95% CI
-47% → +2%
Likely range of correlation
Pipeline
Pipeline Summary
57 paired data points survived the monthly window.
Raw input
1,254
470
Normalized
1,254
470
Prepared
60
470
Aligned
57
57
Invalid removed
R²(i)
5.8%
Variance explained
Significance
n.s.
Statistical confidence
Data points
57
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
+7 months
Correlation at this shift
+36%
+12% stronger than no-shift baseline
Case-Shiller Home Price Index shifted 7 months earlier. Reads: "Does Cboe Global Markets, Inc. (CBOE) today line up with Case-Shiller Home Price Index 7 months from now?"
49 overlapping points at this shift
Baseline
-24%
No-shift correlation, matching the main time-series chart above.
Peak shift
+7 months
+36%
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
-43%
19 periods · Return correlation when both series rose
Both Falling
-69%
7 periods · Return correlation when both series fell
Diverging
-56%
30 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
416
A: 3 / B: 413
Series A
Cboe Global Markets, Inc. (CBOE)
CBOE
Stock · 1,254 raw → 60 prepared
Series B
Case-Shiller Home Price Index
CSUSHPINSA
FRED · 470 raw → 470 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0508
Linear regression slope.
Intercept
0.0048
Linear regression intercept.
Saved 3 weeks ago · ID: fred-csushpinsa_stock-cboe_monthly_5y