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Cencora, Inc. (COR) vs Spot Crude Oil Price: West Texas Intermediate
Correlation
of % moves
-34%
In sync
of periods
42%
History
monthsmonths · through 2026-04
40
These move in the same direction about 42% of the time
Their swing sizes only faintly mirror each other (~11% 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
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)
42.1%
Headline metric
Movement correlation(i)
-34%
Based on % moves
95% CI
-59% → -2%
Pipeline
Pipeline Summary
40 paired data points survived the monthly window.
Raw input
834
964
Normalized
834
964
Prepared
41
964
Aligned
40
40
Invalid removed
Likely range of correlation
R²(i)
11.4%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points
40
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
No shift
Correlation at this shift
-34%
No shift — both series at their actual dates.
38 overlapping points at this shift
Baseline
-34%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-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
-13%
12 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-61%
22 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
925
A: 1 / B: 924
Series A
Cencora, Inc. (COR)
COR
Stock · 834 raw → 41 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 964 raw → 964 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.5636
Linear regression slope.
Intercept
0.0180
Linear regression intercept.
Saved 3 weeks ago · ID: fred-wtisplc_stock-cor_monthly_5y