Correlation
of % moves
+77%
In sync
of periods
46%
History
weeksweeks · through 2026-18
235
These move in the same direction about 46% of the time
When one swings, the other often swings by a similar amount (~59% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Explore
Advanced
Statistics
Approximate (legacy record)In sync(i)
45.7%
Headline metric
Movement correlation(i)
+77%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
235 paired data points survived the weekly window.
Raw input
1,129
1,857
Normalized
1,129
1,857
Prepared
236
1,857
Aligned
235
235
Invalid removed
R²(i)
59.1%
Variance explained
Significance
N/A
Statistical confidence
Data points
235
Usable
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
+77%
No shift — both series at their actual dates.
234 overlapping points at this shift
Baseline
+77%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+77%
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
+80%
57 periods · Return correlation when both series rose
Both Falling
-11%
50 periods · Return correlation when both series fell
Diverging
-46%
127 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,623
A: 1 / B: 1622
Series A
META
Stock · 1,129 raw → 236 prepared
Series B
US Gas Price
GASREGW
FRED · 1,857 raw → 1,857 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.1348
Linear regression slope.
Intercept
-0.0009
Linear regression intercept.
Saved 5 days ago · ID: fred-gasregw_stock-meta_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.