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Hedera (HBAR) vs HY Bond Spread
Correlation
of % moves
-22%
In sync
of periods
42%
History
daysdays · through 2026-05-20
513
These move in the same direction about 42% of the time
Their swing sizes only faintly mirror each other (~5% 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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
41.9%
Headline metric
Movement correlation(i)
-22%
Based on % moves
95% CI
-30% → -13%
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)
4.7%
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
-22%
No shift — both series at their actual dates.
512 overlapping points at this shift
Baseline
-22%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-22%
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
-3%
40 periods · Return correlation when both series rose
Both Falling
-25%
58 periods · Return correlation when both series fell
Diverging
-40%
151 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
HY Bond Spread
BAMLH0A0HYM2
FRED · 786 raw → 786 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
31
Estimated crossover points between normalized spreads.
Slope
-0.0749
Linear regression slope.
Intercept
-0.0003
Linear regression intercept.
Saved 3 weeks ago · ID: crypto-hbar_fred-bamlh0a0hym2_daily_5y