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Centene Corporation (CNC) vs Total Vehicle Sales
Correlation
of % moves
-24%
In sync
of periods
46%
History
monthsmonths · through 2026-08
60
These move in the same direction about 46% of the time
Their swing sizes only faintly mirror each other (~6% 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 ~12 months before CNC
Watch Total Vehicle Sales for an early read on CNC.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
46%
Headline metric
Movement correlation(i)
-24%
Based on % moves
95% CI
-47% → +1%
Likely range of correlation
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,253
608
Normalized
1,253
608
Prepared
61
608
Aligned
60
60
Invalid removed
R²(i)
6%
Variance explained
Significance
n.s.
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
-12 months
Correlation at this shift
-32%
+7% stronger than no-shift baseline
Total Vehicle Sales shifted 12 months later. Reads: "Does Centene Corporation (CNC) today line up with Total Vehicle Sales 12 months ago?"
47 overlapping points at this shift
Baseline
-24%
No-shift correlation, matching the main time-series chart above.
Peak shift
-12 months
-32%
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
-37%
18 periods · Return correlation when both series rose
Both Falling
-29%
9 periods · Return correlation when both series fell
Diverging
-60%
32 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
549
A: 1 / B: 548
Series A
Centene Corporation (CNC)
CNC
Stock · 1,253 raw → 61 prepared
Series B
Total Vehicle Sales
TOTALSA
FRED · 608 raw → 608 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
6
Estimated crossover points between normalized spreads.
Slope
-0.1002
Linear regression slope.
Intercept
0.0052
Linear regression intercept.
Saved 4 months ago · ID: fred-totalsa_stock-cnc_monthly_5y