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Hedera (HBAR) vs IG Bond Spread
Correlation
of % moves
-18%
In sync
of periods
37%
History
daysdays · through 2026-05-20
512
These move in the same direction about 37% of the time
Their swing sizes only faintly mirror each other (~3% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
37.0%
Headline metric
Movement correlation(i)
-18%
Based on % moves
95% CI
-27% → -10%
Likely range of correlation
Pipeline
Pipeline Summary
512 paired data points survived the daily window.
Raw input
721
785
Normalized
721
785
Prepared
721
785
Aligned
512
512
Invalid removed
R²(i)
3.4%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
512
Robust
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
-18%
No shift — both series at their actual dates.
511 overlapping points at this shift
Baseline
-18%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-18%
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
-11%
38 periods · Return correlation when both series rose
Both Falling
-20%
49 periods · Return correlation when both series fell
Diverging
-29%
162 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
482
A: 209 / B: 273
Series A
Hedera (HBAR)
HBAR
Crypto · 721 raw → 721 prepared
Series B
IG Bond Spread
BAMLC0A0CM
FRED · 785 raw → 785 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
21
Estimated crossover points between normalized spreads.
Slope
-0.0448
Linear regression slope.
Intercept
-0.0003
Linear regression intercept.
Saved 3 weeks ago · ID: crypto-hbar_fred-bamlc0a0cm_daily_5y