SeriesMagCorrSyncOverlapThrough
Correlation
-19%
of % moves
In sync
49%
of periods
History
234
days · through 2026-05-01
These move opposite each other about 49% of the time
Their swing sizes only faintly mirror each other (~3% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
48.7%
Headline metric
Movement correlation(i)
-19%
Based on % moves
95% CI
-31% → -6%
Likely range of correlation
Pipeline
Pipeline Summary
234 paired data points survived the daily window.
Raw input
237
5,837
Normalized
237
5,837
Prepared
237
5,837
Aligned
234
234
Invalid removed
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
R²(i)
3.4%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
234
Usable
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
-19%
No shift — both series at their actual dates.
234 overlapping points at this shift
Baseline
-19%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-19%
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
-8%
41 periods · Return correlation when both series rose
Both Falling
-5%
53 periods · Return correlation when both series fell
Diverging
-23%
139 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
5,606
A: 3 / B: 5603
Series A
NAKA
Stock · 237 raw → 237 prepared
Series B
5Y Breakeven Inflation
T5YIE
FRED · 5,837 raw → 5,837 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0031
Linear regression slope.
Intercept
2.4351
Linear regression intercept.
Saved yesterday · ID: fred-t5yie_stock-naka_5y