Loading market view
Loading market view
Loading correlations
Coherent Corp. (COHR) vs Personal Savings Rate
Correlation
of % moves
-8%
In sync
of periods
33%
History
monthsmonths · through 2026-03
56
These move in the same direction about 33% of the time
Their swing sizes only faintly mirror each other (~1% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
COHR moves ~17 months before Personal Savings Rate
Watch COHR for an early read on Personal Savings Rate.
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)
33.3%
Headline metric
Movement correlation(i)
-8%
Based on % moves
95% CI
-34% → +19%
Likely range of correlation
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
R²(i)
0.7%
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
+17 months
Correlation at this shift
-36%
+28% stronger than no-shift baseline
Personal Savings Rate shifted 17 months earlier. Reads: "Does Coherent Corp. (COHR) today line up with Personal Savings Rate 17 months from now?"
25 overlapping points at this shift
Baseline
-8%
No-shift correlation, matching the main time-series chart above.
Peak shift
+17 months
-36%
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
-31%
7 periods · Return correlation when both series rose
Both Falling
-14%
9 periods · Return correlation when both series fell
Diverging
-47%
38 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
Personal Savings Rate
PSAVERT
FRED · 807 raw → 807 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
-0.0703
Linear regression slope.
Intercept
-0.0222
Linear regression intercept.
Saved 3 weeks ago · ID: fred-psavert_stock-cohr_monthly_5y