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Cencora, Inc. (COR) vs Spot Crude Oil Price: West Texas Intermediate
Correlation
of % moves
-30%
In sync
of periods
38%
History
monthsmonths · through 2026-06
41
These move in the same direction about 38% of the time
Their swing sizes only faintly mirror each other (~9% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Spot Crude Oil Price: West Texas Intermediate moves ~2 months before COR
Watch Spot Crude Oil Price: West Texas Intermediate for an early read on COR.
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)
38%
Headline metric
Movement correlation(i)
-30%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
41 paired data points survived the monthly window.
Raw input
834
966
Normalized
834
966
Prepared
42
966
Aligned
41
41
Invalid removed
Likely range
R²(i)
9%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
39
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
-2 months
Correlation at this shift
-42%
+12% stronger than no-shift baseline
Spot Crude Oil Price: West Texas Intermediate shifted 2 months later. Reads: "Does Cencora, Inc. (COR) today line up with Spot Crude Oil Price: West Texas Intermediate 2 months ago?"
35 overlapping points at this shift
Baseline
-30%
No-shift correlation, matching the main time-series chart above.
Peak shift
-2 months
-42%
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
-18%
11 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-49%
24 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
926
A: 1 / B: 925
Series A
Cencora, Inc. (COR)
COR
Stock · 834 raw → 42 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 966 raw → 966 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
-0.4485
Linear regression slope.
Intercept
0.0086
Linear regression intercept.
Saved 3 months ago · ID: fred-wtisplc_stock-cor_monthly_5y