SeriesMagCorrOverlapThrough
These move together about 67% of the time
Very strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 82,000 employees as of year-end 2025. The firm cut its teeth in investment banking and institutional trading, where it maintains a strong presence today, but generates the lion share of its income from wealth and asset management franchises, where it boasted $9.3 trillion in client assets at the end of 2025. After reincorporation as a bank holding company in the wake of the global financial crisis, Morgan Stanley also boasts a top 10 banking franchise by deposits, with more than $400 billion in customer deposits, predominately attributable to cash sweeps from its wealth management and broke
Market cap 300.5B · 83,000 employees
Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel, especially across the Pacific, than its large US peers.
What to Watch
Holds across regimes
Correlation is similar when markets rise (+63%) and fall (+71%) — reliable in both directions.
Mostly stable
Correlation drifts a little but stays in the same neighbourhood.
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
+93%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with United Airlines Holdings, Inc. Common Stock 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
+93%
Pearson correlation
95% CI
+92% → +94%
Likely range
R²
86.1%
Variance explained
Trend agreement
67.1%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
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.
Market cap 29.3B · 115,600 employees
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
+63%
102 periods · Return correlation when both series rose
Both Falling
+71%
93 periods · Return correlation when both series fell
Diverging
-34%
54 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Morgan Stanley
MS
Market cap 300.5B · 83,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
United Airlines Holdings, Inc. Common Stock
UAL
Market cap 29.3B · 115,600 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
65
Estimated crossover points between normalized spreads.
Slope
0.7430
Linear regression slope.
Intercept
-19.9690
Linear regression intercept.
Saved 2 hours ago · ID: stock-ms_stock-ual_5y
UAL
United Airlines Holdings, Inc. Common Stock
Strongest positive