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Chipotle Mexican Grill, Inc. (CMG) vs NASDAQ Composite
Correlation
of % moves
+49%
In sync
of periods
65%
History
daysdays · through 2026-09-08
1,252
These move in the same direction about 65% of the time
Their swing sizes loosely line up (~24% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Advanced
Statistics
In sync(i)
65%
Headline metric
Movement correlation(i)
+49%
Based on % moves
95% CI
+45% → +53%
Likely range of correlation
Pipeline
Pipeline Summary
1,252 paired data points survived the daily window.
Raw input
1,254
14,015
Normalized
1,254
14,015
Prepared
1,254
14,015
Aligned
1,252
1,252
Invalid removed
R²(i)
24%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
1,251
Deep
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
+49%
No shift — both series at their actual dates.
1,251 overlapping points at this shift
Baseline
+49%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+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
+39%
65 periods · Return correlation when both series rose
Both Falling
+64%
46 periods · Return correlation when both series fell
Diverging
-58%
28 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
12,765
A: 2 / B: 12763
Series A
Chipotle Mexican Grill, Inc. (CMG)
CMG
Stock · 1,254 raw → 1,254 prepared
Series B
NASDAQ Composite
NASDAQCOM
FRED · 14,015 raw → 14,015 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
0.3200
Linear regression slope.
Intercept
0.0004
Linear regression intercept.
Saved 4 months ago · ID: fred-nasdaqcom_stock-cmg_daily_5y