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Corpay, Inc. (CPAY) vs NASDAQ Composite
Correlation
of % moves
+49%
In sync
of periods
63%
History
daysdays · through 2026-06-08
553
These move in the same direction about 63% of the time
Their swing sizes loosely line up (~24% 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
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
63.4%
Headline metric
Movement correlation(i)
+49%
Based on % moves
95% CI
+42% → +55%
Likely range of correlation
Pipeline
Pipeline Summary
553 paired data points survived the daily window.
Raw input
556
13,952
Normalized
556
13,952
Prepared
556
13,952
Aligned
553
553
Invalid removed
R²(i)
24.0%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
553
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
+49%
No shift — both series at their actual dates.
552 overlapping points at this shift
Baseline
+49%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+49%
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
+47%
100 periods · Return correlation when both series rose
Both Falling
+54%
69 periods · Return correlation when both series fell
Diverging
-58%
80 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,402
A: 3 / B: 13399
Series A
Corpay, Inc. (CPAY)
CPAY
Stock · 556 raw → 556 prepared
Series B
NASDAQ Composite
NASDAQCOM
FRED · 13,952 raw → 13,952 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.2995
Linear regression slope.
Intercept
0.0008
Linear regression intercept.
Saved last month · ID: fred-nasdaqcom_stock-cpay_daily_5y