Loading market view
Loading market view
Loading correlations
Correlation
of % moves
+48%
In sync
of periods
63%
History
daysdays · through 2026-09-08
616
These move in the same direction about 63% of the time
Their swing sizes loosely line up (~23% 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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
63%
Headline metric
Movement correlation(i)
+48%
Based on % moves
95% CI
+42% → +54%
Likely range of correlation
Pipeline
Pipeline Summary
616 paired data points survived the daily window.
Raw input
1,253
616
Normalized
1,253
616
Prepared
1,253
616
Aligned
616
616
Invalid removed
R²(i)
23%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
615
Robust
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+48%
No shift — both series at their actual dates.
615 overlapping points at this shift
Baseline
+48%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+48%
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
+29%
104 periods · Return correlation when both series rose
Both Falling
+63%
78 periods · Return correlation when both series fell
Diverging
-37%
65 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
637
A: 637 / B: 0
Series A
Morgan Stanley (MS)
MS
Stock · 1,253 raw → 1,253 prepared
Series B
Corpay, Inc. (CPAY)
CPAY
Stock · 616 raw → 616 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
18
Estimated crossover points between normalized spreads.
Slope
0.5613
Linear regression slope.
Intercept
-0.0003
Linear regression intercept.
Saved 4 months ago · ID: stock-cpay_stock-ms_daily_5y