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Cencora, Inc. (COR) vs Housing Starts
Correlation
of % moves
+21%
In sync
of periods
55%
History
monthsmonths · through 2026-05
40
These move in the same direction about 55% of the time
Their swing sizes only faintly line up (~5% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
COR moves ~7 months before Housing Starts
Watch COR for an early read on Housing Starts.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
55%
Headline metric
Movement correlation(i)
+21%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
40 paired data points survived the monthly window.
Raw input
834
809
Normalized
834
809
Prepared
42
809
Aligned
40
40
Invalid removed
5%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
38
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
+7 months
Correlation at this shift
-45%
+24% stronger than no-shift baseline
Housing Starts shifted 7 months earlier. Reads: "Does Cencora, Inc. (COR) today line up with Housing Starts 7 months from now?"
26 overlapping points at this shift
Baseline
+21%
No-shift correlation, matching the main time-series chart above.
Peak shift
+7 months
-45%
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
+15%
15 periods · Return correlation when both series rose
Both Falling
+73%
6 periods · Return correlation when both series fell
Diverging
-68%
17 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
771
A: 2 / B: 769
Series A
Cencora, Inc. (COR)
COR
Stock · 834 raw → 42 prepared
Series B
Housing Starts
HOUST
FRED · 809 raw → 809 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
0.2855
Linear regression slope.
Intercept
-0.0060
Linear regression intercept.
Saved 3 months ago · ID: fred-houst_stock-cor_monthly_5y