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Elevance Health, Inc. (ELV) vs Personal Consumption
Correlation
of % moves
-21%
In sync
of periods
53%
History
monthsmonths · through 2026-03
46
These move in the same direction about 53% of the time
Their swing sizes only faintly mirror each other (~5% 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
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Personal Consumption moves ~8 months before ELV
Watch Personal Consumption for an early read on ELV.
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)
53.3%
Headline metric
Movement correlation(i)
-21%
Based on % moves
95% CI
-48% → +8%
Pipeline
Pipeline Summary
46 paired data points survived the monthly window.
Raw input
980
807
Normalized
980
807
Prepared
48
807
Aligned
46
46
Invalid removed
Likely range of correlation
R²(i)
4.6%
Variance explained
Significance
n.s.
Statistical confidence
Data points
46
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
-8 months
Correlation at this shift
-36%
+14% stronger than no-shift baseline
Personal Consumption shifted 8 months later. Reads: "Does Elevance Health, Inc. (ELV) today line up with Personal Consumption 8 months ago?"
37 overlapping points at this shift
Baseline
-21%
No-shift correlation, matching the main time-series chart above.
Peak shift
-8 months
-36%
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
+37%
24 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-41%
21 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 · 980 raw → 48 prepared
Series B
Personal Consumption
PCE
FRED · 807 raw → 807 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0116
Linear regression slope.
Intercept
0.0045
Linear regression intercept.
Saved 2 weeks ago · ID: fred-pce_stock-elv_monthly_5y