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First Solar, Inc. (FSLR) vs Velocity of M2 Money Stock
Correlation
of % moves
+36%
In sync
of periods
71%
History
monthsmonths · through 2026-01
19
These move in the same direction about 71% of the time
Their swing sizes only faintly line up (~13% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
Advanced
Statistics
In sync(i)
70.6%
Headline metric
Movement correlation(i)
+36%
Based on % moves
95% CI
-12% → +71%
Pipeline
Pipeline Summary
19 paired data points survived the monthly window.
Raw input
1,254
269
Normalized
1,254
269
Prepared
61
269
Aligned
19
19
Invalid removed
Likely range of correlation
R²(i)
13.3%
Variance explained
Significance
n.s.
Statistical confidence
Data points
19
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: -8 to 8 months.
Selected shift
No shift
Correlation at this shift
+36%
No shift — both series at their actual dates.
18 overlapping points at this shift
Baseline
+36%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+36%
A non-zero peak suggests one series lines up better when shifted against the other.
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
292
A: 42 / B: 250
Series A
First Solar, Inc. (FSLR)
FSLR
Stock · 1,254 raw → 61 prepared
Series B
Velocity of M2 Money Stock
M2V
FRED · 269 raw → 269 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.0169
Linear regression slope.
Intercept
0.0103
Linear regression intercept.
Saved 2 weeks ago · ID: fred-m2v_stock-fslr_monthly_5y