Correlation
of % moves
-48%
In sync
of periods
36%
History
monthsmonths · through 2026-04
60
These move opposite each other about 36% of the time
Their swing sizes loosely mirror each other (~23% 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
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.
Explore
Advanced
Statistics
Approximate (legacy record)In sync(i)
35.6%
Headline metric
Movement correlation(i)
-48%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,255
1,288
Normalized
1,255
1,288
Prepared
61
1,288
Aligned
60
60
Invalid removed
R²(i)
23.1%
Variance explained
Significance
N/A
Statistical confidence
Data points
60
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
-48%
No shift — both series at their actual dates.
59 overlapping points at this shift
Baseline
-48%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-48%
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
-38%
15 periods · Return correlation when both series rose
Both Falling
-46%
6 periods · Return correlation when both series fell
Diverging
-59%
38 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,229
A: 1 / B: 1228
Series A
EBAY
Stock · 1,255 raw → 61 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
2
Estimated crossover points between normalized spreads.
Slope
-0.3447
Linear regression slope.
Intercept
0.0132
Linear regression intercept.
Saved 4 days ago · ID: fred-aaa_stock-ebay_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.