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Nano Dimension Ltd. American Depositary Shares (NNDM) vs Industrial Production
Correlation
of % moves
+24%
In sync
of periods
56%
History
monthsmonths · through 2026-08
60
These move in the same direction about 56% of the time
Their swing sizes only faintly line up (~6% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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
Industrial Production moves ~2 months before NNDM
Watch Industrial Production for an early read on NNDM.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Explore
Advanced
Statistics
In sync(i)
56%
Headline metric
Movement correlation(i)
+24%
Based on % moves
95% CI
-2% → +47%
Likely range of correlation
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,254
1,292
Normalized
1,254
1,292
Prepared
61
1,292
Aligned
60
60
Invalid removed
R²(i)
6%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
59
Thin
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: -18 to 18 months.
Selected shift
-2 months
Correlation at this shift
-43%
+19% stronger than no-shift baseline
Industrial Production shifted 2 months later. Reads: "Does Nano Dimension Ltd. American Depositary Shares (NNDM) today line up with Industrial Production 2 months ago?"
57 overlapping points at this shift
Baseline
+24%
No-shift correlation, matching the main time-series chart above.
Peak shift
-2 months
-43%
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
+37%
15 periods · Return correlation when both series rose
Both Falling
-18%
18 periods · Return correlation when both series fell
Diverging
-36%
26 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,233
A: 1 / B: 1232
Series A
Nano Dimension Ltd. American Depositary Shares (NNDM)
NNDM
Stock · 1,254 raw → 61 prepared
Series B
Industrial Production
INDPRO
FRED · 1,292 raw → 1,292 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.0127
Linear regression slope.
Intercept
0.0010
Linear regression intercept.
Saved 5 months ago · ID: fred-indpro_stock-nndm_monthly_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.