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Correlation
of % moves
+51%
In sync
of periods
67%
History
monthsmonths · through 2026-04
55
These move in the same direction about 67% of the time
Their swing sizes loosely line up (~26% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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.
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)
66.7%
Headline metric
Movement correlation(i)
+51%
Based on % moves
95% CI
+28% → +69%
Likely range of correlation
Pipeline
Pipeline Summary
55 paired data points survived the monthly window.
Raw input
1,152
1,288
Normalized
1,152
1,288
Prepared
56
1,288
Aligned
55
55
Invalid removed
R²(i)
26.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
55
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
+51%
No shift — both series at their actual dates.
54 overlapping points at this shift
Baseline
+51%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+51%
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
-0%
18 periods · Return correlation when both series rose
Both Falling
+61%
18 periods · Return correlation when both series fell
Diverging
-52%
18 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,234
A: 1 / B: 1233
Series A
CTRA
Stock · 1,152 raw → 56 prepared
Series B
Aaa Corporate Bond Yield
AAA
FRED · 1,288 raw → 1,288 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.4172
Linear regression slope.
Intercept
0.0097
Linear regression intercept.
Saved 2 weeks ago · ID: fred-aaa_stock-ctra_monthly_5y