SeriesMagCorrOverlapThrough
These move together about 54% of the time
Near-zero positive
Weak relationship — not much actionable signal here beyond directional colour.
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV and YouTube Music, among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform accounts for roughly 10% of Alphabet's revenue. The firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and interne
Market cap 4.7T · 190,820 employees
ConocoPhillips is a US-based independent exploration and production firm. Its operations are primarily in Alaska and the Lower 48, with footprints in Canada, Europe, Asia-Pacific, the Middle East, and Africa. It also has substantial integrated LNG production and marketing activities across geographies.
What to Watch
Drifting from pattern
Recent correlation (+56%) is running 1.3σ away from the long-run average of +5%.
Tighter in drawdowns
Pair moves more tightly when both fall (+29%) than when both rise (-5%) — typical risk-off behaviour.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
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
+5%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with ConocoPhillips at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+5%
Pearson correlation
95% CI
-1% → +10%
Likely range
R²
0.2%
Variance explained
Trend agreement
53.6%
Same-direction moves
Significance
n.s.
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
Market cap 148.3B · 9,900 employees
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
-5%
97 periods · Return correlation when both series rose
Both Falling
+29%
74 periods · Return correlation when both series fell
Diverging
-50%
78 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Alphabet Inc. Class A Common Stock
GOOGL
Market cap 4.7T · 190,820 employees
Stock · 1,255 raw → 1,255 prepared
Series B
ConocoPhillips
COP
Market cap 148.3B · 9,900 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
34
Estimated crossover points between normalized spreads.
Slope
0.0138
Linear regression slope.
Intercept
98.1885
Linear regression intercept.
Saved 2 hours ago · ID: stock-cop_stock-googl_5y
COP
ConocoPhillips
Strongest positive