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Elevance Health, Inc. (ELV) vs Housing Starts
Correlation
of % moves
-24%
In sync
of periods
47%
History
monthsmonths · through 2026-07
50
These move in the same direction about 47% of the time
Their swing sizes only faintly mirror each other (~6% 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
Housing Starts moves ~16 months before ELV
Watch Housing Starts for an early read on ELV.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
47%
Headline metric
Movement correlation(i)
-24%
Based on % moves
95% CI
-48% → +5%
Likely range of correlation
Pipeline
Pipeline Summary
50 paired data points survived the monthly window.
Raw input
1,052
811
Normalized
1,052
811
Prepared
52
811
Aligned
50
50
Invalid removed
R²(i)
6%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
49
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
-16 months
Correlation at this shift
+35%
+11% stronger than no-shift baseline
Housing Starts shifted 16 months later. Reads: "Does Elevance Health, Inc. (ELV) today line up with Housing Starts 16 months ago?"
33 overlapping points at this shift
Baseline
-24%
No-shift correlation, matching the main time-series chart above.
Peak shift
-16 months
+35%
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
+7%
13 periods · Return correlation when both series rose
Both Falling
-56%
10 periods · Return correlation when both series fell
Diverging
-64%
26 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
763
A: 2 / B: 761
Series A
Elevance Health, Inc. (ELV)
ELV
Stock · 1,052 raw → 52 prepared
Series B
Housing Starts
HOUST
FRED · 811 raw → 811 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
19
Estimated crossover points between normalized spreads.
Slope
-0.3115
Linear regression slope.
Intercept
-0.0059
Linear regression intercept.
Saved 4 months ago · ID: fred-houst_stock-elv_monthly_5y