SeriesMagCorrOverlapThrough
These move opposite each other about 46% of the time
Very strong inverse
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, transcatheter heart valves, stents, spinal fixation devices, neurovascular products, advanced energy, ablation laser therapy, and surgical tools. The company primarily markets its products to healthcare institutions and physicians in the United States, Western Europe, and Japan. Foreign sales account for roughly 50% of the company's total sales.
Market cap 102.7B · 95,000 employees
1Y Treasury Yield
DGS1
What to Watch
Drifting from pattern
Recent correlation (-62%) is running 1.4σ away from the long-run average of -92%.
Tighter in drawdowns
Pair moves more tightly when both fall (-24%) than when both rise (+3%) — typical risk-off behaviour.
Flaky
Correlation swings widely across time windows — careful using this as a point estimate.
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
-92%
No shift — both series at their actual dates.
1,245 overlapping points at this shift
Time series with 1Y Treasury Yield 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
-92%
Pearson correlation
95% CI
-93% → -92%
Likely range
R²
85.4%
Variance explained
Trend agreement
46.3%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,245
Deep
Pipeline
Pipeline Summary
1,245 paired data points survived the daily window.
Raw input
1,255
16,067
Normalized
1,255
16,067
Prepared
1,255
16,067
Aligned
1,245
1,245
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
+3%
61 periods · Return correlation when both series rose
Both Falling
-24%
46 periods · Return correlation when both series fell
Diverging
-50%
142 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
14,832
A: 10 / B: 14822
Series A
Medtronic plc
MDT
Market cap 102.7B · 95,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
DGS1
FRED · 16,067 raw → 16,067 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
-0.1080
Linear regression slope.
Intercept
13.5913
Linear regression intercept.
Saved 1 hour ago · ID: fred-dgs1_stock-mdt_5y