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Nakamoto Inc. Common Stock (NAKA) vs Industrial Production
Correlation
of % moves
+19%
In sync
of periods
36%
History
monthsmonths · through 2026-04
12
These move in the same direction about 36% of the time
Their swing sizes only faintly line up (~4% 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
NAKA moves ~1 month before Industrial Production
Watch NAKA for an early read on Industrial Production.
Advanced
Statistics
In sync(i)
36.4%
Headline metric
Movement correlation(i)
+19%
Based on % moves
95% CI
-46% → +71%
Pipeline
Pipeline Summary
12 paired data points survived the monthly window.
Raw input
264
1,288
Normalized
264
1,288
Prepared
14
1,288
Aligned
12
12
Invalid removed
Likely range of correlation
R²(i)
3.6%
Variance explained
Significance
n.s.
Statistical confidence
Data points
12
Limited
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: -1 to 1 months.
Selected shift
+1 month
Correlation at this shift
+68%
+49% stronger than no-shift baseline
Industrial Production shifted 1 month earlier. Reads: "Does Nakamoto Inc. Common Stock (NAKA) today line up with Industrial Production 1 month from now?"
10 overlapping points at this shift
Baseline
+19%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 month
+68%
A non-zero peak suggests one series lines up better when shifted against the other.
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
N/A
0 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
+21%
7 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,278
A: 2 / B: 1276
Series A
Nakamoto Inc. Common Stock (NAKA)
NAKA
Stock · 264 raw → 14 prepared
Series B
Industrial Production
INDPRO
FRED · 1,288 raw → 1,288 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0019
Linear regression slope.
Intercept
0.0022
Linear regression intercept.
Saved 4 weeks ago · ID: fred-indpro_stock-naka_monthly_5y