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Kenvue Inc. (KVUE) vs Spot Crude Oil Price: West Texas Intermediate
Correlation
of % moves
-32%
In sync
of periods
33%
History
monthsmonths · through 2026-08
40
These move in the same direction about 33% of the time
Their swing sizes only faintly mirror each other (~11% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Spot Crude Oil Price: West Texas Intermediate moves ~13 months before KVUE
Watch Spot Crude Oil Price: West Texas Intermediate for an early read on KVUE.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
33%
Headline metric
Movement correlation(i)
-32%
Based on % moves
95% CI
-58% → -1%
Likely range of correlation
Pipeline
Pipeline Summary
40 paired data points survived the monthly window.
Raw input
840
968
Normalized
840
968
Prepared
41
968
Aligned
40
40
Invalid removed
R²(i)
11%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points(i)
39
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
-13 months
Correlation at this shift
+67%
+34% stronger than no-shift baseline
Spot Crude Oil Price: West Texas Intermediate shifted 13 months later. Reads: "Does Kenvue Inc. (KVUE) today line up with Spot Crude Oil Price: West Texas Intermediate 13 months ago?"
26 overlapping points at this shift
Baseline
-32%
No-shift correlation, matching the main time-series chart above.
Peak shift
-13 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
+86%
6 periods · Return correlation when both series rose
Both Falling
-32%
7 periods · Return correlation when both series fell
Diverging
-58%
26 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
929
A: 1 / B: 928
Series A
Kenvue Inc. (KVUE)
KVUE
Stock · 840 raw → 41 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 968 raw → 968 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.4155
Linear regression slope.
Intercept
0.0006
Linear regression intercept.
Saved 4 months ago · ID: fred-wtisplc_stock-kvue_monthly_5y