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Expand Energy Corporation Common Stock (EXE) vs Industrial Production
Correlation
of % moves
-26%
In sync
of periods
43%
History
monthsmonths · through 2026-07
22
These move in the same direction about 43% of the time
Their swing sizes only faintly mirror each other (~7% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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.
EXE moves ~1 month before Industrial Production
Watch EXE for an early read on Industrial Production.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
43%
Headline metric
Movement correlation(i)
-26%
Based on % moves
95% CI
-62% → +19%
Pipeline
Pipeline Summary
22 paired data points survived the monthly window.
Raw input
486
1,291
Normalized
486
1,291
Prepared
24
1,291
Aligned
22
22
Invalid removed
Likely range of correlation
R²(i)
7%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
21
Limited
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: -11 to 11 months.
Selected shift
+1 month
Correlation at this shift
+39%
+12% stronger than no-shift baseline
Industrial Production shifted 1 month earlier. Reads: "Does Expand Energy Corporation Common Stock (EXE) today line up with Industrial Production 1 month from now?"
20 overlapping points at this shift
Baseline
-26%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 month
+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
+10%
6 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-74%
12 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,271
A: 2 / B: 1269
Series A
Expand Energy Corporation Common Stock (EXE)
EXE
Stock · 486 raw → 24 prepared
Series B
Industrial Production
INDPRO
FRED · 1,291 raw → 1,291 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
-0.0196
Linear regression slope.
Intercept
0.0017
Linear regression intercept.
Saved 4 months ago · ID: fred-indpro_stock-exe_monthly_5y