SeriesMagCorrSyncOverlapThrough
Correlation
-1%
of % moves
In sync
40%
of periods
History
281
days · through 2026-04-30
These move opposite each other about 40% of the time
Their swing sizes barely line up — almost no shared pattern.
A real but noisy link — useful as context, risky as a standalone signal.
Time Series
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.
IG Bond Spread moves ~6 days before NAGE
Watch IG Bond Spread for an early read on NAGE.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
39.7%
Headline metric
Movement correlation(i)
-1%
Based on % moves
95% CI
-13% → +11%
Likely range of correlation
Pipeline
Pipeline Summary
281 paired data points survived the daily window.
Raw input
285
785
Normalized
285
785
Prepared
285
785
Aligned
281
281
Invalid removed
Explore
R²(i)
0.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
281
Robust
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
-6 days
Correlation at this shift
+11%
+11% stronger than no-shift baseline
IG Bond Spread shifted 6 days later. Reads: "Does NAGE today line up with IG Bond Spread 6 days ago?"
275 overlapping points at this shift
Baseline
-1%
No-shift correlation, matching the main time-series chart above.
Peak shift
-6 days
+11%
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
+48%
25 periods · Return correlation when both series rose
Both Falling
+9%
36 periods · Return correlation when both series fell
Diverging
-50%
188 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
508
A: 4 / B: 504
Series A
NAGE
Stock · 285 raw → 285 prepared
Series B
IG Bond Spread
BAMLC0A0CM
FRED · 785 raw → 785 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
-0.0003
Linear regression slope.
Intercept
0.8481
Linear regression intercept.
Saved 2 hours ago · ID: fred-bamlc0a0cm_stock-nage_5y
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Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.