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Kenvue Inc. (KVUE) vs Spot Crude Oil Price: West Texas Intermediate
Correlation
of % moves
-31%
In sync
of periods
35%
History
monthsmonths · through 2026-06
38
These move in the same direction about 35% of the time
Their swing sizes only faintly mirror each other (~10% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
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)
35%
Headline metric
Movement correlation(i)
-31%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
38 paired data points survived the monthly window.
Raw input
797
966
Normalized
797
966
Prepared
39
966
Aligned
38
38
Invalid removed
10%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
37
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
+66%
+35% 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?"
24 overlapping points at this shift
Baseline
-31%
No-shift correlation, matching the main time-series chart above.
Peak shift
-13 months
+66%
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
-57%
24 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 · 797 raw → 39 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 966 raw → 966 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.4013
Linear regression slope.
Intercept
0.0007
Linear regression intercept.
Saved 3 months ago · ID: fred-wtisplc_stock-kvue_monthly_5y