SeriesMagCorrSyncOverlapThrough
Correlation
+1%
of % moves
In sync
44%
of periods
History
1,246
days · through 2026-05-01
These move in the same direction about 44% of the time
Their swing sizes barely line up — almost no shared pattern.
Roughly random — these don't track each other in a meaningful way.
Time Series
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
44.4%
Headline metric
Movement correlation(i)
+1%
Based on % moves
95% CI
-5% → +6%
Likely range of correlation
Pipeline
Pipeline Summary
1,246 paired data points survived the daily window.
Raw input
1,255
10,119
Normalized
1,255
10,119
Prepared
1,255
10,119
Aligned
1,246
1,246
Invalid removed
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
R²(i)
0.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
1,246
Deep
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
+1%
No shift — both series at their actual dates.
1,246 overlapping points at this shift
Baseline
+1%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+1%
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
-14%
53 periods · Return correlation when both series rose
Both Falling
-3%
47 periods · Return correlation when both series fell
Diverging
-66%
149 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
8,882
A: 9 / B: 8873
Series A
JNJ
Stock · 1,255 raw → 1,255 prepared
Series B
Baa Corporate Bond Yield
DBAA
FRED · 10,119 raw → 10,119 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
0.0003
Linear regression slope.
Intercept
5.3257
Linear regression intercept.
Saved 2 days ago · ID: fred-dbaa_stock-jnj_5y