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Correlation
of % moves
+25%
In sync
of periods
53%
History
daysdays · through 2026-07-07
440
These move in the same direction about 53% of the time
Their swing sizes only faintly line up (~6% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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.
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)
53%
Headline metric
Movement correlation(i)
+25%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
440 paired data points survived the daily window.
Raw input
442
2,512
Normalized
442
2,512
Prepared
442
2,512
Aligned
440
440
Invalid removed
6%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
439
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
+25%
No shift — both series at their actual dates.
439 overlapping points at this shift
Baseline
+25%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+25%
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
+15%
79 periods · Return correlation when both series rose
Both Falling
+54%
66 periods · Return correlation when both series fell
Diverging
-59%
104 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,074
A: 2 / B: 2072
Series A
Expand Energy Corporation Common Stock (EXE)
EXE
Stock · 442 raw → 442 prepared
Series B
S&P 500
SP500
FRED · 2,512 raw → 2,512 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.1328
Linear regression slope.
Intercept
0.0006
Linear regression intercept.
Saved 3 months ago · ID: fred-sp500_stock-exe_daily_5y