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Chevron Corporation (CVX) vs St. Louis Financial Stress Index
Correlation
of % moves
-26%
In sync
of periods
45%
History
weeksweeks · through 2026-26
259
These move in the same direction about 45% of the time
Their swing sizes only faintly mirror each other (~7% 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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
45%
Headline metric
Movement correlation(i)
-26%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
259 paired data points survived the weekly window.
Raw input
1,254
1,696
Normalized
1,254
1,696
Prepared
261
1,696
Aligned
259
259
Invalid removed
7%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
258
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
-26%
No shift — both series at their actual dates.
258 overlapping points at this shift
Baseline
-26%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-26%
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
+11%
66 periods · Return correlation when both series rose
Both Falling
+14%
42 periods · Return correlation when both series fell
Diverging
-64%
132 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,439
A: 2 / B: 1437
Series A
Chevron Corporation (CVX)
CVX
Stock · 1,254 raw → 261 prepared
Series B
St. Louis Financial Stress Index
STLFSI4
FRED · 1,696 raw → 1,696 prepared
Sign agreement
8.9%
How often both values share the same sign.
Zero crossings
31
Estimated crossover points between normalized spreads.
Slope
-2.7306
Linear regression slope.
Intercept
0.0057
Linear regression intercept.
Saved 3 months ago · ID: fred-stlfsi4_stock-cvx_weekly_5y