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Medline Inc. Class A common stock (MDLN) vs US Gas Price
Correlation
of % moves
-30%
In sync
of periods
52%
History
weeksweeks · through 2026-28
30
These move in the same direction about 52% of the time
Their swing sizes only faintly mirror each other (~9% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
MDLN moves ~5 weeks before US Gas Price
Watch MDLN for an early read on US Gas Price.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
52%
Headline metric
Movement correlation(i)
-30%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
30 paired data points survived the weekly window.
Raw input
139
1,867
Normalized
139
1,867
Prepared
30
1,867
Aligned
30
30
Invalid removed
9%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
29
Limited
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: -12 to 12 weeks.
Selected shift
+5 weeks
Correlation at this shift
+37%
+7% stronger than no-shift baseline
US Gas Price shifted 5 weeks earlier. Reads: "Does Medline Inc. Class A common stock (MDLN) today line up with US Gas Price 5 weeks from now?"
24 overlapping points at this shift
Baseline
-30%
No-shift correlation, matching the main time-series chart above.
Peak shift
+5 weeks
+37%
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
-70%
8 periods · Return correlation when both series rose
Both Falling
-4%
7 periods · Return correlation when both series fell
Diverging
-52%
14 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,837
A: 0 / B: 1837
Series A
Medline Inc. Class A common stock (MDLN)
MDLN
Stock · 139 raw → 30 prepared
Series B
US Gas Price
GASREGW
FRED · 1,867 raw → 1,867 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
6
Estimated crossover points between normalized spreads.
Slope
-0.2279
Linear regression slope.
Intercept
0.0094
Linear regression intercept.
Saved 2 months ago · ID: fred-gasregw_stock-mdln_weekly_5y