SeriesMagCorrOverlapThrough
These move opposite each other about 57% of the time
Strong inverse
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
ConocoPhillips is a US-based independent exploration and production firm. Its operations are primarily in Alaska and the Lower 48, with footprints in Canada, Europe, Asia-Pacific, the Middle East, and Africa. It also has substantial integrated LNG production and marketing activities across geographies.
Market cap 148.3B · 9,900 employees
Canopy Growth Corp, cultivates and sells medicinal and recreational cannabis and hemp through a portfolio of brands that include Doja, LivRelief, Ace Valley, Deep Space, and others. The Company is engaged in reportable segments namely: Canada cannabis, International markets cannabis, Storz & Bickel, and This Works. The company generates maximum revenue from Canadian cannabis.
Market cap 507.4M · 960 employees
What to Watch
Holds across regimes
Correlation is similar when markets rise (-2%) and fall (-13%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
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
No shift
Correlation at this shift
-76%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Canopy Growth Corporation Common Shares at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
-76%
Pearson correlation
95% CI
-78% → -73%
Likely range
R²
57.1%
Variance explained
Trend agreement
56.9%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
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
-2%
70 periods · Return correlation when both series rose
Both Falling
-13%
81 periods · Return correlation when both series fell
Diverging
-21%
98 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
ConocoPhillips
COP
Market cap 148.3B · 9,900 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Canopy Growth Corporation Common Shares
CGC
Market cap 507.4M · 960 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
-2.4276
Linear regression slope.
Intercept
280.1496
Linear regression intercept.
Saved 1 hour ago · ID: stock-cgc_stock-cop_5y
CGC
Canopy Growth Corporation Common Shares
Strongest positive