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Medline Inc. Class A common stock (MDLN) vs US Gas Price
Correlation
of % moves
-25%
In sync
of periods
51%
History
weeksweeks · through 2026-36
38
These move in the same direction about 51% of the time
Their swing sizes only faintly mirror each other (~6% 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 ~1 week 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)
51%
Headline metric
Movement correlation(i)
-25%
Based on % moves
95% CI
-53% → +8%
Likely range of correlation
Pipeline
Pipeline Summary
38 paired data points survived the weekly window.
Raw input
183
1,875
Normalized
183
1,875
Prepared
39
1,875
Aligned
38
38
Invalid removed
R²(i)
6%
Variance explained
Significance
n.s.
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: -12 to 12 weeks.
Selected shift
+1 week
Correlation at this shift
-35%
+10% stronger than no-shift baseline
US Gas Price shifted 1 week earlier. Reads: "Does Medline Inc. Class A common stock (MDLN) today line up with US Gas Price 1 week from now?"
36 overlapping points at this shift
Baseline
-25%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 week
-35%
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
-65%
10 periods · Return correlation when both series rose
Both Falling
-7%
9 periods · Return correlation when both series fell
Diverging
-52%
18 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,838
A: 1 / B: 1837
Series A
Medline Inc. Class A common stock (MDLN)
MDLN
Stock · 183 raw → 39 prepared
Series B
US Gas Price
GASREGW
FRED · 1,875 raw → 1,875 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.1755
Linear regression slope.
Intercept
0.0086
Linear regression intercept.
Saved 3 months ago · ID: fred-gasregw_stock-mdln_weekly_5y