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Materialise NV (MTLS) vs M1 Money Supply
Correlation
of % moves
+32%
In sync
of periods
54%
History
monthsmonths · through 2026-08
60
These move in the same direction about 54% of the time
Their swing sizes only faintly line up (~10% 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
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.
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Advanced
Statistics
In sync(i)
54%
Headline metric
Movement correlation(i)
+32%
Based on % moves
95% CI
+7% → +53%
Likely range of correlation
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,253
812
Normalized
1,253
812
Prepared
61
812
Aligned
60
60
Invalid removed
R²(i)
10%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points(i)
59
Thin
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+32%
No shift — both series at their actual dates.
59 overlapping points at this shift
Baseline
+32%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+32%
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
+58%
18 periods · Return correlation when both series rose
Both Falling
-2%
14 periods · Return correlation when both series fell
Diverging
-48%
27 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
753
A: 1 / B: 752
Series A
Materialise NV (MTLS)
MTLS
Stock · 1,253 raw → 61 prepared
Series B
M1 Money Supply
M1SL
FRED · 812 raw → 812 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
0.0196
Linear regression slope.
Intercept
0.0005
Linear regression intercept.
Saved 5 months ago · ID: fred-m1sl_stock-mtls_monthly_5y
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Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.