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Correlation
of % moves
+22%
In sync
of periods
67%
History
daysdays · through 2026-09-17
330
These move in the same direction about 67% of the time
Their swing sizes only faintly line up (~5% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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 tighter than usual — the pair is behaving differently than its long-run pattern.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
67%
Headline metric
Movement correlation(i)
+22%
Based on % moves
95% CI
+11% → +32%
Likely range of correlation
Pipeline
Pipeline Summary
330 paired data points survived the daily window.
Raw input
331
726
Normalized
331
726
Prepared
331
726
Aligned
330
330
Invalid removed
R²(i)
5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
329
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
No shift
Correlation at this shift
+22%
No shift — both series at their actual dates.
329 overlapping points at this shift
Baseline
+22%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+22%
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
+3%
67 periods · Return correlation when both series rose
Both Falling
+23%
103 periods · Return correlation when both series fell
Diverging
-43%
79 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
397
A: 1 / B: 396
Series A
Nakamoto Inc. Common Stock (NAKA)
NAKA
Stock · 331 raw → 331 prepared
Series B
Hedera (HBAR)
HBAR
Crypto · 726 raw → 726 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0914
Linear regression slope.
Intercept
-0.0016
Linear regression intercept.
Saved 4 months ago · ID: crypto-hbar_stock-naka_daily_5y