Loading market view
Loading market view
Loading correlations
Warner Bros. Discovery, Inc. Series A Common Stock (WBD) vs Fox Corporation Class B Common Stock (FOX)
Correlation
of % moves
+45%
In sync
of periods
67%
History
daysdays · through 2026-07-09
1,064
These move in the same direction about 67% of the time
Their swing sizes loosely line up (~20% 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
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
67%
Headline metric
Movement correlation(i)
+45%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
1,064 paired data points survived the daily window.
Raw input
1,064
1,254
Normalized
1,064
1,254
Prepared
1,064
1,254
Aligned
1,064
1,064
Invalid removed
20%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
1,063
Deep
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
+45%
No shift — both series at their actual dates.
1,063 overlapping points at this shift
Baseline
+45%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+45%
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
+13%
77 periods · Return correlation when both series rose
Both Falling
+24%
70 periods · Return correlation when both series fell
Diverging
-50%
31 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
190
A: 0 / B: 190
Series A
Warner Bros. Discovery, Inc. Series A Common Stock (WBD)
WBD
Stock · 1,064 raw → 1,064 prepared
Series B
Fox Corporation Class B Common Stock (FOX)
FOX
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
0.2354
Linear regression slope.
Intercept
0.0003
Linear regression intercept.
Saved 3 months ago · ID: stock-fox_stock-wbd_daily_5y