SeriesMagCorrOverlapThrough
These move opposite each other about 71% of the time
Weak inverse
Weak relationship — not much actionable signal here beyond directional colour.
Intel is a leading digital chipmaker focused on designing and manufacturing microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and led the semiconductor industry down the path of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. The company is seeking to reinvigorate its chip manufacturing business, Intel Foundry, while developing leading-edge products in its Intel Products business segment.
Market cap 427.2B · 851,001 employees
Invesco S&P 500 Quality ETF
SPHQ
What to Watch
Drifting from pattern
Recent correlation (+81%) is running 1.6σ away from the long-run average of -19%.
INTC moves ~6 days before SPHQ
Watch INTC for an early read on SPHQ.
Tighter in drawdowns
Pair moves more tightly when both fall (+48%) than when both rise (+22%) — typical risk-off behaviour.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
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
+6 days
Correlation at this shift
-25%
+6% stronger than no-shift baseline
Invesco S&P 500 Quality ETF shifted 6 days earlier. Reads: "Does Intel Corp today line up with Invesco S&P 500 Quality ETF 6 days from now?"
1,249 overlapping points at this shift
Time series with Invesco S&P 500 Quality ETF shifted 6 days earlier
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
-19%
Pearson correlation
95% CI
-24% → -13%
Likely range
R²
3.5%
Variance explained
Trend agreement
70.6%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
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
+22%
106 periods · Return correlation when both series rose
Both Falling
+48%
93 periods · Return correlation when both series fell
Diverging
-26%
50 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Intel Corp
INTC
Market cap 427.2B · 851,001 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Invesco S&P 500 Quality ETF
SPHQ
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
-0.1753
Linear regression slope.
Intercept
63.9702
Linear regression intercept.
Saved 1 hour ago · ID: stock-intc_stock-sphq_5y
SPHQ
Invesco S&P 500 Quality ETF
Strongest positive