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Coherent Corp. (COHR) vs Real Disposable Income
Correlation
of % moves
-5%
In sync
of periods
48%
History
monthsmonths · through 2026-03
56
These move in the same direction about 48% of the time
Their swing sizes only faintly mirror each other (~0% 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
Real Disposable Income moves ~15 months before COHR
Watch Real Disposable Income for an early read on COHR.
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)
48.1%
Headline metric
Movement correlation(i)
-5%
Based on % moves
95% CI
-32% → +22%
Pipeline
Pipeline Summary
56 paired data points survived the monthly window.
Raw input
1,207
807
Normalized
1,207
807
Prepared
58
807
Aligned
56
56
Invalid removed
Likely range of correlation
R²(i)
0.3%
Variance explained
Significance
n.s.
Statistical confidence
Data points
56
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
-15 months
Correlation at this shift
-47%
+41% stronger than no-shift baseline
Real Disposable Income shifted 15 months later. Reads: "Does Coherent Corp. (COHR) today line up with Real Disposable Income 15 months ago?"
27 overlapping points at this shift
Baseline
-5%
No-shift correlation, matching the main time-series chart above.
Peak shift
-15 months
-47%
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
-8%
22 periods · Return correlation when both series rose
Both Falling
N/A
4 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
753
A: 2 / B: 751
Series A
Coherent Corp. (COHR)
COHR
Stock · 1,207 raw → 58 prepared
Series B
Real Disposable Income
DSPIC96
FRED · 807 raw → 807 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0024
Linear regression slope.
Intercept
0.0010
Linear regression intercept.
Saved 3 weeks ago · ID: fred-dspic96_stock-cohr_monthly_5y