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Hedera (HBAR) vs ICE BofA BBB US Corporate Index Option-Adjusted Spread
Correlation
of % moves
-19%
In sync
of periods
39%
History
daysdays · through 2026-05-20
513
These move in the same direction about 39% 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)
39.4%
Headline metric
Movement correlation(i)
-19%
Based on % moves
95% CI
-27% → -10%
Likely range of correlation
Pipeline
Pipeline Summary
513 paired data points survived the daily window.
Raw input
721
786
Normalized
721
786
Prepared
721
786
Aligned
513
513
Invalid removed
R²(i)
3.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
513
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
-19%
No shift — both series at their actual dates.
512 overlapping points at this shift
Baseline
-19%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-19%
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
-12%
36 periods · Return correlation when both series rose
Both Falling
-19%
58 periods · Return correlation when both series fell
Diverging
-31%
155 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
481
A: 208 / B: 273
Series A
Hedera (HBAR)
HBAR
Crypto · 721 raw → 721 prepared
Series B
ICE BofA BBB US Corporate Index Option-Adjusted Spread
BAMLC0A4CBBB
FRED · 786 raw → 786 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
-0.0414
Linear regression slope.
Intercept
-0.0003
Linear regression intercept.
Saved 3 weeks ago · ID: crypto-hbar_fred-bamlc0a4cbbb_daily_5y