SeriesMagCorrOverlapThrough
These move together about 49% of the time
Very strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
Market cap 76B · 60,500 employees
10Y-2Y Yield Spread
T10Y2Y
What to Watch
Drifting from pattern
Recent correlation (+37%) is running 1.2σ away from the long-run average of +89%.
Holds across regimes
Correlation is similar when markets rise (-25%) and fall (-11%) — 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
+89%
No shift — both series at their actual dates.
1,246 overlapping points at this shift
Time series with 10Y-2Y 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
+89%
Pearson correlation
95% CI
+88% → +90%
Likely range
R²
79.4%
Variance explained
Trend agreement
49.5%
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
12,476
Normalized
1,255
12,476
Prepared
1,255
12,476
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
-25%
50 periods · Return correlation when both series rose
Both Falling
-11%
65 periods · Return correlation when both series fell
Diverging
-51%
134 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11,239
A: 9 / B: 11230
Series A
3M Company
MMM
Market cap 76B · 60,500 employees
Stock · 1,255 raw → 1,255 prepared
Series B
T10Y2Y
FRED · 12,476 raw → 12,476 prepared
Sign agreement
56.5%
How often both values share the same sign.
Zero crossings
26
Estimated crossover points between normalized spreads.
Slope
0.0182
Linear regression slope.
Intercept
-2.1435
Linear regression intercept.
Saved 1 hour ago · ID: fred-t10y2y_stock-mmm_5y
Strongest inverse
T10Y2Y
10Y-2Y Yield Spread
Strongest positive