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Energy Transfer LP Common Units representing limited partner interests (ET) vs Consumer Sentiment
Correlation
of % moves
+40%
In sync
of periods
66%
History
monthsmonths · through 2026-03
58
These move in the same direction about 66% of the time
Their swing sizes loosely line up (~16% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
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)
66.1%
Headline metric
Movement correlation(i)
+40%
Based on % moves
95% CI
+16% → +60%
Likely range of correlation
Pipeline
Pipeline Summary
58 paired data points survived the monthly window.
Raw input
1,254
671
Normalized
1,254
671
Prepared
60
671
Aligned
58
58
Invalid removed
R²(i)
16.2%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
58
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
+40%
No shift — both series at their actual dates.
57 overlapping points at this shift
Baseline
+40%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+40%
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
-13%
19 periods · Return correlation when both series rose
Both Falling
+37%
18 periods · Return correlation when both series fell
Diverging
-66%
20 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
615
A: 2 / B: 613
Series A
Energy Transfer LP Common Units representing limited partner interests (ET)
ET
Stock · 1,254 raw → 60 prepared
Series B
Consumer Sentiment
UMCSENT
FRED · 671 raw → 671 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
0.5725
Linear regression slope.
Intercept
-0.0139
Linear regression intercept.
Saved 3 weeks ago · ID: fred-umcsent_stock-et_monthly_5y