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Centene Corporation (CNC) vs Real Personal Consumption
Correlation
of % moves
-21%
In sync
of periods
50%
History
monthsmonths · through 2026-03
59
These move in the same direction about 50% of the time
Their swing sizes only faintly mirror each other (~4% 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 looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Real Personal Consumption moves ~6 months before CNC
Watch Real Personal Consumption for an early read on CNC.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
50.0%
Headline metric
Movement correlation(i)
-21%
Based on % moves
95% CI
-44% → +5%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,253
231
Normalized
1,253
231
Prepared
61
231
Aligned
59
59
Invalid removed
R²(i)
4.3%
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
-6 months
Correlation at this shift
+33%
+13% stronger than no-shift baseline
Real Personal Consumption shifted 6 months later. Reads: "Does Centene Corporation (CNC) today line up with Real Personal Consumption 6 months ago?"
52 overlapping points at this shift
Baseline
-21%
No-shift correlation, matching the main time-series chart above.
Peak shift
-6 months
+33%
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
-47%
24 periods · Return correlation when both series rose
Both Falling
-0%
5 periods · Return correlation when both series fell
Diverging
-49%
29 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
174
A: 2 / B: 172
Series A
Centene Corporation (CNC)
CNC
Stock · 1,253 raw → 61 prepared
Series B
Real Personal Consumption
PCEC96
FRED · 231 raw → 231 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0065
Linear regression slope.
Intercept
0.0021
Linear regression intercept.
Saved 2 weeks ago · ID: fred-pcec96_stock-cnc_monthly_5y