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Expand Energy Corporation Common Stock (EXE) vs Industrial Production
Correlation
of % moves
-30%
In sync
of periods
37%
History
monthsmonths · through 2026-05
20
These move in the same direction about 37% of the time
Their swing sizes only faintly mirror each other (~9% 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
EXE moves ~9 months 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)
37%
Headline metric
Movement correlation(i)
-30%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
20 paired data points survived the monthly window.
Raw input
442
1,289
Normalized
442
1,289
Prepared
22
1,289
Aligned
20
20
Invalid removed
Likely range
R²(i)
9%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
19
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: -9 to 9 months.
Selected shift
+9 months
Correlation at this shift
-45%
+15% stronger than no-shift baseline
Industrial Production shifted 9 months earlier. Reads: "Does Expand Energy Corporation Common Stock (EXE) today line up with Industrial Production 9 months from now?"
10 overlapping points at this shift
Baseline
-30%
No-shift correlation, matching the main time-series chart above.
Peak shift
+9 months
-45%
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
-1%
5 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
-75%
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 · 442 raw → 22 prepared
Series B
Industrial Production
INDPRO
FRED · 1,289 raw → 1,289 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
-0.0238
Linear regression slope.
Intercept
0.0018
Linear regression intercept.
Saved 3 months ago · ID: fred-indpro_stock-exe_monthly_5y