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Centene Corporation (CNC) vs Total Vehicle Sales
Correlation
of % moves
-20%
In sync
of periods
47%
History
monthsmonths · through 2026-06
60
These move in the same direction about 47% 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
Total Vehicle Sales moves ~4 months before CNC
Watch Total Vehicle Sales 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)
47%
Headline metric
Movement correlation(i)
-20%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,254
606
Normalized
1,254
606
Prepared
61
606
Aligned
60
60
Invalid removed
4%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
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
-4 months
Correlation at this shift
-31%
+11% stronger than no-shift baseline
Total Vehicle Sales shifted 4 months later. Reads: "Does Centene Corporation (CNC) today line up with Total Vehicle Sales 4 months ago?"
55 overlapping points at this shift
Baseline
-20%
No-shift correlation, matching the main time-series chart above.
Peak shift
-4 months
-31%
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
-41%
17 periods · Return correlation when both series rose
Both Falling
-14%
11 periods · Return correlation when both series fell
Diverging
-55%
31 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
547
A: 1 / B: 546
Series A
Centene Corporation (CNC)
CNC
Stock · 1,254 raw → 61 prepared
Series B
Total Vehicle Sales
TOTALSA
FRED · 606 raw → 606 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.0869
Linear regression slope.
Intercept
0.0017
Linear regression intercept.
Saved 3 months ago · ID: fred-totalsa_stock-cnc_monthly_5y