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eBay Inc (EBAY) vs Chicago Financial Conditions
Correlation
of % moves
-39%
In sync
of periods
36%
History
weeksweeks · through 2026-35
260
These move in the same direction about 36% of the time
Their swing sizes only faintly mirror each other (~15% 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
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)
36%
Headline metric
Movement correlation(i)
-39%
Based on % moves
95% CI
-49% → -28%
Likely range of correlation
Pipeline
Pipeline Summary
260 paired data points survived the weekly window.
Raw input
1,253
2,904
Normalized
1,253
2,904
Prepared
262
2,904
Aligned
260
260
Invalid removed
R²(i)
15%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
259
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
-39%
No shift — both series at their actual dates.
259 overlapping points at this shift
Baseline
-39%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-39%
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
-23%
37 periods · Return correlation when both series rose
Both Falling
-14%
49 periods · Return correlation when both series fell
Diverging
-58%
153 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,646
A: 2 / B: 2644
Series A
eBay Inc (EBAY)
EBAY
Stock · 1,253 raw → 262 prepared
Series B
Chicago Financial Conditions
NFCI
FRED · 2,904 raw → 2,904 prepared
Sign agreement
0.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
-0.1384
Linear regression slope.
Intercept
0.0006
Linear regression intercept.
Saved 4 months ago · ID: fred-nfci_stock-ebay_weekly_5y