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Elevance Health, Inc. (ELV) vs Total Consumer Credit
Correlation
of % moves
+23%
In sync
of periods
59%
History
monthsmonths · through 2026-04
47
These move in the same direction about 59% of the time
Their swing sizes only faintly line up (~6% 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
Total Consumer Credit moves ~7 months before ELV
Watch Total Consumer Credit 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)
59%
Headline metric
Movement correlation(i)
+23%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
47 paired data points survived the monthly window.
Raw input
1,011
1,000
Normalized
1,011
1,000
Prepared
50
1,000
Aligned
47
47
Invalid removed
Likely range
R²(i)
6%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
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
-7 months
Correlation at this shift
+46%
+23% stronger than no-shift baseline
Total Consumer Credit shifted 7 months later. Reads: "Does Elevance Health, Inc. (ELV) today line up with Total Consumer Credit 7 months ago?"
39 overlapping points at this shift
Baseline
+23%
No-shift correlation, matching the main time-series chart above.
Peak shift
-7 months
+46%
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
+43%
24 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-33%
19 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
956
A: 3 / B: 953
Series A
Elevance Health, Inc. (ELV)
ELV
Stock · 1,011 raw → 50 prepared
Series B
Total Consumer Credit
TOTALSL
FRED · 1,000 raw → 1,000 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0173
Linear regression slope.
Intercept
0.0022
Linear regression intercept.
Saved 3 months ago · ID: fred-totalsl_stock-elv_monthly_5y