SeriesMagCorrSyncOverlapThrough
Correlation
+84%
of values
In sync
53%
of periods
History
1,220
weeks · through 2026-18
These move in the same direction about 53% of the time
When one swings, the other often swings by a similar amount (~71% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Time Series
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
53.2%
Headline metric
Movement correlation(i)
+84%
Based on values
95% CI
+82% → +86%
Likely range of correlation
Pipeline
Pipeline Summary
1,220 paired data points survived the weekly window.
Raw input
1,220
13,927
Normalized
1,220
13,927
Prepared
1,220
2,883
Aligned
1,220
1,220
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)
70.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,220
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
+84%
No shift — both series at their actual dates.
1,220 overlapping points at this shift
Baseline
+84%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+84%
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
+51%
86 periods · Return correlation when both series rose
Both Falling
+15%
39 periods · Return correlation when both series fell
Diverging
-34%
124 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,663
A: 0 / B: 1663
Series A
Fed Balance Sheet
WALCL
FRED · 1,220 raw → 1,220 prepared
Series B
NASDAQ Composite
NASDAQCOM
FRED · 13,927 raw → 2,883 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
-668.9953
Linear regression intercept.
Saved yesterday · ID: fred-nasdaqcom_fred-walcl_5y