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Correlation
of % moves
+39%
In sync
of periods
61%
History
daysdays · through 2026-07-09
442
These move in the same direction about 61% of the time
Their swing sizes only faintly line up (~15% 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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
61%
Headline metric
Movement correlation(i)
+39%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
442 paired data points survived the daily window.
Raw input
442
964
Normalized
442
964
Prepared
442
964
Aligned
442
442
Invalid removed
15%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
441
Robust
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+39%
No shift — both series at their actual dates.
441 overlapping points at this shift
Baseline
+39%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+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
+20%
96 periods · Return correlation when both series rose
Both Falling
+47%
73 periods · Return correlation when both series fell
Diverging
-52%
80 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
522
A: 0 / B: 522
Series A
Expand Energy Corporation Common Stock (EXE)
EXE
Stock · 442 raw → 442 prepared
Series B
Permian Resources Corporation (PR)
PR
Stock · 964 raw → 964 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
36
Estimated crossover points between normalized spreads.
Slope
0.5031
Linear regression slope.
Intercept
0.0006
Linear regression intercept.
Saved 3 months ago · ID: stock-exe_stock-pr_daily_5y