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Nakamoto Inc. Common Stock (NAKA) vs Spot Crude Oil Price: West Texas Intermediate
Correlation
of % moves
+35%
In sync
of periods
54%
History
monthsmonths · through 2026-06
14
These move in the same direction about 54% of the time
Their swing sizes only faintly line up (~12% 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.
Advanced
Statistics
In sync(i)
54%
Headline metric
Movement correlation(i)
+35%
Based on % moves
95% CI
-25% → +76%
Pipeline
Pipeline Summary
14 paired data points survived the monthly window.
Raw input
298
966
Normalized
298
966
Prepared
15
966
Aligned
14
14
Invalid removed
Likely range of correlation
R²(i)
12%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
13
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: -3 to 3 months.
Selected shift
No shift
Correlation at this shift
+35%
No shift — both series at their actual dates.
13 overlapping points at this shift
Baseline
+35%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+35%
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
1 periods · Return correlation when both series rose
Both Falling
-38%
6 periods · Return correlation when both series fell
Diverging
+30%
6 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
953
A: 1 / B: 952
Series A
Nakamoto Inc. Common Stock (NAKA)
NAKA
Stock · 298 raw → 15 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 966 raw → 966 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.1146
Linear regression slope.
Intercept
0.0712
Linear regression intercept.
Saved 3 months ago · ID: fred-wtisplc_stock-naka_monthly_5y