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Correlation
of % moves
+36%
In sync
of periods
62%
History
daysdays Β· through 2026-07-09
1,254
These move in the same direction about 62% of the time
Their swing sizes only faintly line up (~13% of the pattern is shared).
A real but noisy link β useful as context, risky as a standalone signal.
Both lines start at the same point β easy to compare when growth rates are similar.
What to Watch
Holds in both up and down markets
The relationship is similar whether prices are rising or falling β reliable in both directions.
Advanced
Statistics
In sync(i)
62%
Headline metric
Movement correlation(i)
+36%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
1,254 paired data points survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
13%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
1,253
Deep
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 β 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
+36%
No shift β both series at their actual dates.
1,253 overlapping points at this shift
Baseline
+36%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+36%
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
-11%
59 periods Β· Return correlation when both series rose
Both Falling
+31%
53 periods Β· Return correlation when both series fell
Diverging
-35%
27 periods Β· Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
ResMed Inc. (RMD)
RMD
Stock Β· 1,254 raw β 1,254 prepared
Series B
Extra Space Storage, Inc. (EXR)
EXR
Stock Β· 1,254 raw β 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
47
Estimated crossover points between normalized spreads.
Slope
0.3205
Linear regression slope.
Intercept
-0.0001
Linear regression intercept.
Saved 3 months ago Β· ID: stock-exr_stock-rmd_daily_5y