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Diamondback Energy, Inc. (FANG) vs Sticky Price CPI
Correlation
of % moves
+41%
In sync
of periods
59%
History
monthsmonths · through 2026-04
59
These move in the same direction about 59% of the time
Their swing sizes loosely line up (~17% 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 looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
58.6%
Headline metric
Movement correlation(i)
+41%
Based on % moves
95% CI
+17% → +60%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,255
700
Normalized
1,255
700
Prepared
61
700
Aligned
59
59
Invalid removed
R²(i)
16.6%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
59
Thin
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+41%
No shift — both series at their actual dates.
58 overlapping points at this shift
Baseline
+41%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+41%
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%
16 periods · Return correlation when both series rose
Both Falling
-15%
18 periods · Return correlation when both series fell
Diverging
-59%
24 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
643
A: 2 / B: 641
Series A
Diamondback Energy, Inc. (FANG)
FANG
Stock · 1,255 raw → 61 prepared
Series B
Sticky Price CPI
CORESTICKM159SFRBATL
FRED · 700 raw → 700 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.2654
Linear regression slope.
Intercept
-0.0005
Linear regression intercept.
Saved last month · ID: fred-corestickm159sfrbatl_stock-fang_monthly_5y