Loading market view
Loading market view
Loading correlations
Internet Computer (ICP) vs Industrial Production
Correlation
of % moves
-26%
In sync
of periods
36%
History
monthsmonths · through 2026-05
23
These move in the same direction about 36% of the time
Their swing sizes only faintly mirror each other (~7% 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
Industrial Production moves ~11 months before ICP
Watch Industrial Production for an early read on ICP.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
36%
Headline metric
Movement correlation(i)
-26%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
23 paired data points survived the monthly window.
Raw input
729
1,289
Normalized
729
1,289
Prepared
25
1,289
Aligned
23
23
Invalid removed
Likely range
R²(i)
7%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
22
Limited
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: -12 to 12 months.
Selected shift
-11 months
Correlation at this shift
+67%
+40% stronger than no-shift baseline
Industrial Production shifted 11 months later. Reads: "Does Internet Computer (ICP) today line up with Industrial Production 11 months ago?"
11 overlapping points at this shift
Baseline
-26%
No-shift correlation, matching the main time-series chart above.
Peak shift
-11 months
+67%
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
N/A
3 periods · Return correlation when both series rose
Both Falling
-18%
5 periods · Return correlation when both series fell
Diverging
-70%
14 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,268
A: 2 / B: 1266
Series A
Internet Computer (ICP)
ICP
Crypto · 729 raw → 25 prepared
Series B
Industrial Production
INDPRO
FRED · 1,289 raw → 1,289 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0063
Linear regression slope.
Intercept
0.0009
Linear regression intercept.
Saved 3 months ago · ID: crypto-icp_fred-indpro_monthly_5y