Loading market view
Loading market view
Loading correlations
Expand Energy Corporation Common Stock (EXE) vs Industrial Production
Correlation
of % moves
-33%
In sync
of periods
39%
History
monthsmonths · through 2026-04
19
These move opposite each other about 39% of the time
Their swing sizes only faintly mirror each other (~11% 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 ~1 month before Industrial Production
Watch EXE for an early read on Industrial Production.
Advanced
Statistics
In sync(i)
38.9%
Headline metric
Movement correlation(i)
-33%
Based on % moves
95% CI
-69% → +16%
Pipeline
Pipeline Summary
19 paired data points survived the monthly window.
Raw input
411
1,288
Normalized
411
1,288
Prepared
20
1,288
Aligned
19
19
Invalid removed
Likely range of correlation
R²(i)
11.1%
Variance explained
Significance
n.s.
Statistical confidence
Data points
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: -8 to 8 months.
Selected shift
+1 month
Correlation at this shift
+47%
+14% 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?"
17 overlapping points at this shift
Baseline
-33%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 month
+47%
A non-zero peak suggests one series lines up better when shifted against the other.
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
-78%
11 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,270
A: 1 / B: 1269
Series A
Expand Energy Corporation Common Stock (EXE)
EXE
Stock · 411 raw → 20 prepared
Series B
Industrial Production
INDPRO
FRED · 1,288 raw → 1,288 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
6
Estimated crossover points between normalized spreads.
Slope
-0.0243
Linear regression slope.
Intercept
0.0019
Linear regression intercept.
Saved 2 weeks ago · ID: fred-indpro_stock-exe_monthly_5y