Loading market view
Loading market view
Loading correlations
GE HealthCare Technologies Inc. Common Stock (GEHC) vs NASDAQ Composite
Correlation
of % moves
+45%
In sync
of periods
62%
History
daysdays · through 2026-07-07
878
These move in the same direction about 62% of the time
Their swing sizes loosely line up (~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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Advanced
Statistics
In sync(i)
62%
Headline metric
Movement correlation(i)
+45%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
878 paired data points survived the daily window.
Raw input
880
13,971
Normalized
880
13,971
Prepared
880
13,971
Aligned
878
878
Invalid removed
20%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
877
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.
877 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
+24%
89 periods · Return correlation when both series rose
Both Falling
+49%
68 periods · Return correlation when both series fell
Diverging
-59%
61 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,095
A: 2 / B: 13093
Series A
GE HealthCare Technologies Inc. Common Stock (GEHC)
GEHC
Stock · 880 raw → 880 prepared
Series B
NASDAQ Composite
NASDAQCOM
FRED · 13,971 raw → 13,971 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
0.2775
Linear regression slope.
Intercept
0.0010
Linear regression intercept.
Saved 3 months ago · ID: fred-nasdaqcom_stock-gehc_daily_5y