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Fox Corporation Class B Common Stock (FOX) vs Smoothed U.S. Recession Probabilities
Correlation
of % moves
-32%
In sync
of periods
43%
History
monthsmonths · through 2026-05
59
These move in the same direction about 43% of the time
Their swing sizes only faintly mirror each other (~10% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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
Smoothed U.S. Recession Probabilities moves ~8 months before FOX
Watch Smoothed U.S. Recession Probabilities for an early read on FOX.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
43%
Headline metric
Movement correlation(i)
-32%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,254
708
Normalized
1,254
708
Prepared
61
708
Aligned
59
59
Invalid removed
10%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
58
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
-8 months
Correlation at this shift
+37%
+5% stronger than no-shift baseline
Smoothed U.S. Recession Probabilities shifted 8 months later. Reads: "Does Fox Corporation Class B Common Stock (FOX) today line up with Smoothed U.S. Recession Probabilities 8 months ago?"
50 overlapping points at this shift
Baseline
-32%
No-shift correlation, matching the main time-series chart above.
Peak shift
-8 months
+37%
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%
18 periods · Return correlation when both series rose
Both Falling
-16%
7 periods · Return correlation when both series fell
Diverging
-64%
33 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
651
A: 2 / B: 649
Series A
Fox Corporation Class B Common Stock (FOX)
FOX
Stock · 1,254 raw → 61 prepared
Series B
Smoothed U.S. Recession Probabilities
RECPROUSM156N
FRED · 708 raw → 708 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-5.0461
Linear regression slope.
Intercept
0.0700
Linear regression intercept.
Saved 3 months ago · ID: fred-recprousm156n_stock-fox_monthly_5y