Loading market view
Loading market view
Loading correlations
Coherent Corp. (COHR) vs Fed Funds Rate
Correlation
of % moves
-13%
In sync
of periods
32%
History
monthsmonths · through 2026-04
57
These move in the same direction about 32% of the time
Their swing sizes only faintly mirror each other (~2% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
Fed Funds Rate moves ~11 months before COHR
Watch Fed Funds Rate 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)
32.1%
Headline metric
Movement correlation(i)
-13%
Based on % moves
95% CI
-38% → +14%
Pipeline
Pipeline Summary
57 paired data points survived the monthly window.
Raw input
1,207
862
Normalized
1,207
862
Prepared
58
862
Aligned
57
57
Invalid removed
Likely range of correlation
R²(i)
1.7%
Variance explained
Significance
n.s.
Statistical confidence
Data points
57
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
-11 months
Correlation at this shift
-34%
+21% stronger than no-shift baseline
Fed Funds Rate shifted 11 months later. Reads: "Does Coherent Corp. (COHR) today line up with Fed Funds Rate 11 months ago?"
33 overlapping points at this shift
Baseline
-13%
No-shift correlation, matching the main time-series chart above.
Peak shift
-11 months
-34%
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
-55%
7 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
-36%
46 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
806
A: 1 / B: 805
Series A
Coherent Corp. (COHR)
COHR
Stock · 1,207 raw → 58 prepared
Series B
Fed Funds Rate
FEDFUNDS
FRED · 862 raw → 862 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
-0.1996
Linear regression slope.
Intercept
0.0632
Linear regression intercept.
Saved 3 weeks ago · ID: fred-fedfunds_stock-cohr_monthly_5y