Correlation
of % moves
-21%
In sync
of periods
31%
History
daysdays · through 2026-05-06
1,029
These move opposite each other about 31% of the time
Their swing sizes only faintly mirror each other (~5% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Explore
Advanced
Statistics
In sync(i)
31.5%
Headline metric
Movement correlation(i)
-21%
Based on % moves
95% CI
-27% → -16%
Likely range of correlation
Pipeline
Pipeline Summary
1,029 paired data points survived the daily window.
Raw input
1,255
1,029
Normalized
1,255
1,029
Prepared
1,255
1,029
Aligned
1,029
1,029
Invalid removed
R²(i)
4.6%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,029
Deep
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
-21%
No shift — both series at their actual dates.
1,029 overlapping points at this shift
Baseline
-21%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-21%
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
-28%
25 periods · Return correlation when both series rose
Both Falling
-12%
48 periods · Return correlation when both series fell
Diverging
-41%
176 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
226
A: 226 / B: 0
Series A
MCHP
Stock · 1,255 raw → 1,255 prepared
Series B
UVIX
Stock · 1,029 raw → 1,029 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-48.0256
Linear regression slope.
Intercept
4971.0754
Linear regression intercept.
Saved 2 days ago · ID: stock-mchp_stock-uvix_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.