Loading market view
Loading market view
Loading correlations
Nakamoto Inc. Common Stock (NAKA) vs Spot Crude Oil Price: West Texas Intermediate
Correlation
of % moves
+28%
In sync
of periods
60%
History
monthsmonths · through 2026-08
16
These move in the same direction about 60% of the time
Their swing sizes only faintly line up (~8% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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 ~5 months before Spot Crude Oil Price: West Texas Intermediate
Watch NAKA for an early read on Spot Crude Oil Price: West Texas Intermediate.
Advanced
Statistics
In sync(i)
60%
Headline metric
Movement correlation(i)
+28%
Based on % moves
95% CI
-27% → +69%
Pipeline
Pipeline Summary
16 paired data points survived the monthly window.
Raw input
327
968
Normalized
327
968
Prepared
17
968
Aligned
16
16
Invalid removed
Likely range of correlation
R²(i)
8%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
15
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: -5 to 5 months.
Selected shift
+5 months
Correlation at this shift
-66%
+39% stronger than no-shift baseline
Spot Crude Oil Price: West Texas Intermediate shifted 5 months earlier. Reads: "Does Nakamoto Inc. Common Stock (NAKA) today line up with Spot Crude Oil Price: West Texas Intermediate 5 months from now?"
10 overlapping points at this shift
Baseline
+28%
No-shift correlation, matching the main time-series chart above.
Peak shift
+5 months
-66%
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
2 periods · Return correlation when both series rose
Both Falling
-36%
7 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 · 327 raw → 17 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 968 raw → 968 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0788
Linear regression slope.
Intercept
0.0466
Linear regression intercept.
Saved 4 months ago · ID: fred-wtisplc_stock-naka_monthly_5y