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GE HealthCare Technologies Inc. Common Stock (GEHC) vs ICE BofA US High Yield Index Effective Yield
Correlation
of % moves
-44%
In sync
of periods
36%
History
daysdays · through 2026-05-20
752
These move in the same direction about 36% of the time
Their swing sizes loosely mirror each other (~20% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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)
36.3%
Headline metric
Movement correlation(i)
-44%
Based on % moves
95% CI
-50% → -38%
Likely range of correlation
Pipeline
Pipeline Summary
752 paired data points survived the daily window.
Raw input
849
786
Normalized
849
786
Prepared
849
786
Aligned
752
752
Invalid removed
R²(i)
19.6%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
752
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
-44%
No shift — both series at their actual dates.
751 overlapping points at this shift
Baseline
-44%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-44%
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
-7%
33 periods · Return correlation when both series rose
Both Falling
-6%
45 periods · Return correlation when both series fell
Diverging
-80%
160 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
131
A: 97 / B: 34
Series A
GE HealthCare Technologies Inc. Common Stock (GEHC)
GEHC
Stock · 849 raw → 849 prepared
Series B
ICE BofA US High Yield Index Effective Yield
BAMLH0A0HYM2EY
FRED · 786 raw → 786 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
39
Estimated crossover points between normalized spreads.
Slope
-0.2219
Linear regression slope.
Intercept
-0.0003
Linear regression intercept.
Saved 2 weeks ago · ID: fred-bamlh0a0hym2ey_stock-gehc_daily_5y