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Correlation
of values
+83%
In sync
of periods
53%
History
weeksweeks · through 2026-27
1,229
These move in the same direction about 53% of the time
When one swings, the other almost always swings by a closely matched amount (~69% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Advanced
Statistics
In sync(i)
53%
Headline metric
Movement correlation(i)
+83%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
1,229 paired data points survived the weekly window.
Raw input
1,229
13,971
Normalized
1,229
13,971
Prepared
1,229
2,893
Aligned
1,229
1,229
Invalid removed
69%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
1,229
Deep
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
+83%
No shift — both series at their actual dates.
1,229 overlapping points at this shift
Baseline
+83%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+83%
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
-43%
6 periods · Return correlation when both series rose
Both Falling
-4%
5 periods · Return correlation when both series fell
Diverging
-66%
7 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,664
A: 0 / B: 1664
Series A
Fed Balance Sheet
WALCL
FRED · 1,229 raw → 1,229 prepared
Series B
NASDAQ Composite
NASDAQCOM
FRED · 13,971 raw → 2,893 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0019
Linear regression slope.
Intercept
-735.6850
Linear regression intercept.
Saved 3 months ago · ID: fred-nasdaqcom_fred-walcl_weekly_5y