SeriesMagCorrOverlapThrough
These move together about 45% of the time
Strong positive
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
10Y-3M Yield Spread
T10Y3M
What to Watch
Drifting from pattern
Recent correlation (+17%) is running 1.2σ away from the long-run average of +75%.
Holds across regimes
Correlation is similar when markets rise (-23%) and fall (-10%) — reliable in both directions.
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+75%
No shift — both series at their actual dates.
1,246 overlapping points at this shift
Time series with 10Y-3M Yield Spread 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
+75%
Pearson correlation
95% CI
+73% → +78%
Likely range
R²
56.7%
Variance explained
Trend agreement
44.6%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,246
Deep
Pipeline
Pipeline Summary
1,246 paired data points survived the daily window.
Raw input
1,255
11,085
Normalized
1,255
11,085
Prepared
1,255
11,085
Aligned
1,246
1,246
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
-23%
62 periods · Return correlation when both series rose
Both Falling
-10%
53 periods · Return correlation when both series fell
Diverging
-70%
134 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
9,848
A: 9 / B: 9839
Series A
Medtronic plc
MDT
Market cap 102.7B · 95,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
T10Y3M
FRED · 11,085 raw → 11,085 prepared
Sign agreement
49.9%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
0.0571
Linear regression slope.
Intercept
-5.3503
Linear regression intercept.
Saved 1 hour ago · ID: fred-t10y3m_stock-mdt_5y
T10Y3M
10Y-3M Yield Spread
Strongest positive