Loading market view
Loading market view
Loading correlations
Cboe Global Markets, Inc. (CBOE) vs PPI: All Commodities
Correlation
of % moves
-22%
In sync
of periods
48%
History
monthsmonths · through 2026-04
59
These move in the same direction about 48% of the time
Their swing sizes only faintly mirror each other (~5% 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 ~1 month before PPI: All Commodities
Watch CBOE for an early read on PPI: All Commodities.
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)
48.3%
Headline metric
Movement correlation(i)
-22%
Based on % moves
95% CI
-46% → +4%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,254
1,360
Normalized
1,254
1,360
Prepared
60
1,360
Aligned
59
59
Invalid removed
R²(i)
5.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
59
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
+1 month
Correlation at this shift
-37%
+15% stronger than no-shift baseline
PPI: All Commodities shifted 1 month earlier. Reads: "Does Cboe Global Markets, Inc. (CBOE) today line up with PPI: All Commodities 1 month from now?"
57 overlapping points at this shift
Baseline
-22%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 month
-37%
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
-6%
20 periods · Return correlation when both series rose
Both Falling
-60%
8 periods · Return correlation when both series fell
Diverging
-54%
30 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,302
A: 1 / B: 1301
Series A
Cboe Global Markets, Inc. (CBOE)
CBOE
Stock · 1,254 raw → 60 prepared
Series B
PPI: All Commodities
PPIACO
FRED · 1,360 raw → 1,360 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0758
Linear regression slope.
Intercept
0.0049
Linear regression intercept.
Saved 3 weeks ago · ID: fred-ppiaco_stock-cboe_monthly_5y