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CVS Health Corp. (CVS) vs Gross Domestic Product: Implicit Price Deflator
Correlation
of % moves
+26%
In sync
of periods
33%
History
monthsmonths · through 2026-01
19
These move in the same direction about 33% of the time
Their swing sizes only faintly line up (~7% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
CVS moves ~1 month before Gross Domestic Product: Implicit Price Deflator
Watch CVS for an early read on Gross Domestic Product: Implicit Price Deflator.
Advanced
Statistics
In sync(i)
33.3%
Headline metric
Movement correlation(i)
+26%
Based on % moves
95% CI
-24% → +65%
Pipeline
Pipeline Summary
19 paired data points survived the monthly window.
Raw input
1,255
317
Normalized
1,255
317
Prepared
61
317
Aligned
19
19
Invalid removed
Likely range of correlation
R²(i)
6.5%
Variance explained
Significance
n.s.
Statistical confidence
Data points
19
Limited
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: -8 to 8 months.
Selected shift
+1 month
Correlation at this shift
+46%
+21% stronger than no-shift baseline
Gross Domestic Product: Implicit Price Deflator shifted 1 month earlier. Reads: "Does CVS Health Corp. (CVS) today line up with Gross Domestic Product: Implicit Price Deflator 1 month from now?"
17 overlapping points at this shift
Baseline
+26%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 month
+46%
A non-zero peak suggests one series lines up better when shifted against the other.
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
+27%
6 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
+40%
12 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
340
A: 42 / B: 298
Series A
CVS
Stock · 1,255 raw → 61 prepared
Series B
Gross Domestic Product: Implicit Price Deflator
GDPDEF
FRED · 317 raw → 317 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0103
Linear regression slope.
Intercept
0.0096
Linear regression intercept.
Saved 2 weeks ago · ID: fred-gdpdef_stock-cvs_monthly_5y