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Insmed, Inc. (INSM) vs Core PCE Price Index
Correlation
of % moves
-28%
In sync
of periods
50%
History
monthsmonths · through 2026-04
59
These move in the same direction about 50% of the time
Their swing sizes only faintly mirror each other (~8% 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 looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Core PCE Price Index moves ~1 month before INSM
Watch Core PCE Price Index 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)
50.0%
Headline metric
Movement correlation(i)
-28%
Based on % moves
95% CI
-50% → -2%
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,255
808
Normalized
1,255
808
Prepared
61
808
Aligned
59
59
Invalid removed
Likely range of correlation
R²(i)
7.6%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points
59
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
-1 month
Correlation at this shift
-41%
+14% stronger than no-shift baseline
Core PCE Price Index shifted 1 month later. Reads: "Does Insmed, Inc. (INSM) today line up with Core PCE Price Index 1 month ago?"
57 overlapping points at this shift
Baseline
-28%
No-shift correlation, matching the main time-series chart above.
Peak shift
-1 month
-41%
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
-21%
29 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-21%
29 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
751
A: 2 / B: 749
Series A
Insmed, Inc. (INSM)
INSM
Stock · 1,255 raw → 61 prepared
Series B
Core PCE Price Index
PCEPILFE
FRED · 808 raw → 808 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0026
Linear regression slope.
Intercept
0.0031
Linear regression intercept.
Saved last month · ID: fred-pcepilfe_stock-insm_monthly_5y