Loading market view
Loading market view
Loading correlations
Correlation
of % moves
+99%
In sync
of periods
99%
History
daysdays · through 2026-05-11
584
These move in the same direction about 99% of the time
When one swings, the other almost always swings by a closely matched amount (~98% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
99.5%
Headline metric
Movement correlation(i)
+99%
Based on % moves
95% CI
+99% → +99%
Likely range of correlation
Pipeline
Pipeline Summary
584 paired data points survived the daily window.
Raw input
1,090
584
Normalized
1,090
584
Prepared
1,090
584
Aligned
584
584
Invalid removed
R²(i)
98.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
584
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
+99%
No shift — both series at their actual dates.
583 overlapping points at this shift
Baseline
+99%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+99%
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
+100%
122 periods · Return correlation when both series rose
Both Falling
+98%
126 periods · Return correlation when both series fell
Diverging
N/A
1 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
506
A: 506 / B: 0
Series A
GBTC
Stock · 1,090 raw → 1,090 prepared
Series B
FBTC
Stock · 584 raw → 584 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.9799
Linear regression slope.
Intercept
0.0002
Linear regression intercept.
Saved 2 days ago · ID: stock-fbtc_stock-gbtc_daily_5y