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CF Industries Holding, Inc. (CF) vs M1 Money Supply
Correlation
of % moves
+34%
In sync
of periods
66%
History
monthsmonths · through 2026-04
59
These move in the same direction about 66% of the time
Their swing sizes only faintly line up (~12% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
CF moves ~12 months before M1 Money Supply
Watch CF for an early read on M1 Money Supply.
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)
65.5%
Headline metric
Movement correlation(i)
+34%
Based on % moves
95% CI
+9% → +55%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,255
808
Normalized
1,255
808
Prepared
61
808
Aligned
59
59
Invalid removed
R²(i)
11.8%
Variance explained
Significance
p < 0.01
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
+12 months
Correlation at this shift
-49%
+15% stronger than no-shift baseline
M1 Money Supply shifted 12 months earlier. Reads: "Does CF Industries Holding, Inc. (CF) today line up with M1 Money Supply 12 months from now?"
46 overlapping points at this shift
Baseline
+34%
No-shift correlation, matching the main time-series chart above.
Peak shift
+12 months
-49%
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
-4%
24 periods · Return correlation when both series rose
Both Falling
+37%
14 periods · Return correlation when both series fell
Diverging
-52%
20 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
CF Industries Holding, Inc. (CF)
CF
Stock · 1,255 raw → 61 prepared
Series B
M1 Money Supply
M1SL
FRED · 808 raw → 808 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
0.0275
Linear regression slope.
Intercept
-0.0002
Linear regression intercept.
Saved last month · ID: fred-m1sl_stock-cf_monthly_5y