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Fiserv, Inc. Common Stock (FISV) vs PPI: All Commodities
Correlation
of % moves
-49%
In sync
of periods
28%
History
monthsmonths · through 2026-05
31
These move in the same direction about 28% of the time
Their swing sizes loosely mirror each other (~24% 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
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)
28%
Headline metric
Movement correlation(i)
-49%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
31 paired data points survived the monthly window.
Raw input
644
1,361
Normalized
644
1,361
Prepared
33
1,361
Aligned
31
31
Invalid removed
Likely range
R²(i)
24%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
29
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: -13 to 13 months.
Selected shift
No shift
Correlation at this shift
-49%
No shift — both series at their actual dates.
29 overlapping points at this shift
Baseline
-49%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-49%
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
-40%
5 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-66%
21 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,332
A: 2 / B: 1330
Series A
Fiserv, Inc. Common Stock (FISV)
FISV
Stock · 644 raw → 33 prepared
Series B
PPI: All Commodities
PPIACO
FRED · 1,361 raw → 1,361 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
-0.1700
Linear regression slope.
Intercept
0.0065
Linear regression intercept.
Saved 3 months ago · ID: fred-ppiaco_stock-fisv_monthly_5y