Loading market view
Loading market view
Loading correlations
Fidelity Wise Origin Bitcoin Fund (FBTC) vs US Core CPI
Correlation
of % moves
+37%
In sync
of periods
62%
History
monthsmonths · through 2026-05
28
These move in the same direction about 62% of the time
Their swing sizes only faintly line up (~14% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
US Core CPI moves ~9 months before FBTC
Watch US Core CPI for an early read on FBTC.
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)
62%
Headline metric
Movement correlation(i)
+37%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
28 paired data points survived the monthly window.
Raw input
624
832
Normalized
624
832
Prepared
31
832
Aligned
28
28
Invalid removed
Likely range
R²(i)
14%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
26
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: -10 to 10 months.
Selected shift
-9 months
Correlation at this shift
+79%
+42% stronger than no-shift baseline
US Core CPI shifted 9 months later. Reads: "Does Fidelity Wise Origin Bitcoin Fund (FBTC) today line up with US Core CPI 9 months ago?"
11 overlapping points at this shift
Baseline
+37%
No-shift correlation, matching the main time-series chart above.
Peak shift
-9 months
+79%
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
+4%
16 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
+16%
10 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
807
A: 3 / B: 804
Series A
Fidelity Wise Origin Bitcoin Fund (FBTC)
FBTC
Stock · 624 raw → 31 prepared
Series B
US Core CPI
CPILFESL
FRED · 832 raw → 832 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
0.0028
Linear regression slope.
Intercept
0.0024
Linear regression intercept.
Saved 3 months ago · ID: fred-cpilfesl_stock-fbtc_monthly_5y