Loading market view
Loading market view
Loading correlations
Insmed, Inc. (INSM) vs US Core CPI
Correlation
of % moves
-31%
In sync
of periods
48%
History
monthsmonths · through 2026-04
58
These move in the same direction about 48% of the time
Their swing sizes only faintly mirror each other (~10% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
US Core CPI moves ~11 months before INSM
Watch US Core CPI for an early read on INSM.
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)
48.2%
Headline metric
Movement correlation(i)
-31%
Based on % moves
95% CI
-53% → -5%
Pipeline
Pipeline Summary
58 paired data points survived the monthly window.
Raw input
1,255
831
Normalized
1,255
831
Prepared
61
831
Aligned
58
58
Invalid removed
Likely range of correlation
R²(i)
9.8%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points
58
Thin
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: -18 to 18 months.
Selected shift
-11 months
Correlation at this shift
-37%
+5% stronger than no-shift baseline
US Core CPI shifted 11 months later. Reads: "Does Insmed, Inc. (INSM) today line up with US Core CPI 11 months ago?"
40 overlapping points at this shift
Baseline
-31%
No-shift correlation, matching the main time-series chart above.
Peak shift
-11 months
-37%
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
-41%
27 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
+16%
29 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
776
A: 3 / B: 773
Series A
Insmed, Inc. (INSM)
INSM
Stock · 1,255 raw → 61 prepared
Series B
US Core CPI
CPILFESL
FRED · 831 raw → 831 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
-0.0033
Linear regression slope.
Intercept
0.0034
Linear regression intercept.
Saved last month · ID: fred-cpilfesl_stock-insm_monthly_5y