SeriesMagCorrOverlapThrough
Overview
Relationship
These move opposite each other about 44% of the time
Weak relationship — not much actionable signal here beyond directional colour.
Read
When one moves up, the other tends to move down.
The saved window keeps correlation, overlap, alignment, and freshness anchored to the same computed record.
What to Watch
Decouples in drawdowns
Correlation weakens when both fall (-3%) vs when both rise (+33%) — don't count on this pair as a hedge under stress.
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
-15%
No shift — both series at their actual dates.
260 overlapping points at this shift
Baseline
-15%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-15%
A non-zero peak suggests one series lines up better when shifted against the other.
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
-15%
Pearson correlation
95% CI
-27% → -3%
Likely range
R²
2.2%
Variance explained
Trend agreement
44.0%
Same-direction moves
Significance
p < 0.05
Statistical confidence
Data points
260
Robust
Pipeline
Pipeline Summary
260 paired data points survived the weekly window.
Raw input
1,255
1,687
Normalized
1,255
1,687
Prepared
261
1,687
Aligned
260
260
Invalid removed
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
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
+33%
58 periods · Return correlation when both series rose
Both Falling
-3%
55 periods · Return correlation when both series fell
Diverging
-62%
136 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,428
A: 1 / B: 1427
Series A
Medtronic plc
MDT
Market cap 102.7B · 95,000 employees
Stock · 1,255 raw → 261 prepared
Series B
STLFSI4
FRED · 1,687 raw → 1,687 prepared
Sign agreement
8.8%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.0034
Linear regression slope.
Intercept
-0.1742
Linear regression intercept.
Saved 2 hours ago · ID: fred-stlfsi4_stock-mdt_5y