SeriesMagCorrOverlapThrough
These move opposite each other about 55% of the time
Strong inverse
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 58% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US, but uses bottlers overseas for beverages. International markets made up 41% of total sales
Market cap 210.6B · 306,000 employees
Capital One is a diversified financial services holding company headquartered in McLean, Virginia. Originally a spinoff of Signet Financial's credit card division in 1994, the company is now primarily involved in credit card lending, auto loans, and commercial lending. Following the acquisition of Discover in 2025, the firm also has a modest personal loan business, though credit card lending provides the majority of the bank's revenue.
What to Watch
Unusual right now
Recent correlation (-10%) is 2.4σ from the long-run average of -78% — pair is behaving differently than usual.
Holds across regimes
Correlation is similar when markets rise (-4%) and fall (+6%) — 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
-78%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Capital One Financial 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
-78%
Pearson correlation
95% CI
-80% → -76%
Likely range
R²
61.4%
Variance explained
Trend agreement
54.6%
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.
Market cap 123.1B · 76,300 employees
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
-4%
88 periods · Return correlation when both series rose
Both Falling
+6%
77 periods · Return correlation when both series fell
Diverging
-45%
84 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
PepsiCo, Inc.
PEP
Market cap 210.6B · 306,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Capital One Financial
COF
Market cap 123.1B · 76,300 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
-2.2536
Linear regression slope.
Intercept
518.3601
Linear regression intercept.
Saved 2 hours ago · ID: stock-cof_stock-pep_5y
COF
Capital One Financial
Strongest positive