SeriesMagCorrOverlapThrough
These move opposite each other about 53% of the time
Moderate inverse
A real but noisy link — useful as context, risky as a standalone signal.
Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for cardiometabolic; and Taltz and Olumiant for immunology.
Market cap 775.7B · 50,000 employees
SNDL Inc is a private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. The principal activities of the company are the retailing of wines, beers, and spirits. It comprised four reportable segments: liquor retail, cannabis retail, cannabis operations, and investments. Liquor retail includes the sale of wines, beers, and spirits through owned liquor stores. The company generates maximum revenue from liquor retail.
Market cap 367M · 2,604 employees
What to Watch
Tighter in drawdowns
Pair moves more tightly when both fall (-44%) than when both rise (-16%) — 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
No shift
Correlation at this shift
-65%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Sundial Growers Inc. Common Shares at original dates
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
-65%
Pearson correlation
95% CI
-68% → -61%
Likely range
R²
41.9%
Variance explained
Trend agreement
53.5%
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
-16%
60 periods · Return correlation when both series rose
Both Falling
-44%
69 periods · Return correlation when both series fell
Diverging
-25%
120 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
Eli Lilly & Co.
LLY
Market cap 775.7B · 50,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Sundial Growers Inc. Common Shares
SNDL
Market cap 367M · 2,604 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
-0.0052
Linear regression slope.
Intercept
5.9783
Linear regression intercept.
Saved 2 hours ago · ID: stock-lly_stock-sndl_5y
SNDL
Sundial Growers Inc. Common Shares
Strongest positive