Loading market view
Loading market view
Loading correlations
Correlation
of % moves
-34%
In sync
of periods
39%
History
daysdays · through 2026-06-05
1,251
These move in the same direction about 39% of the time
Their swing sizes only faintly mirror each other (~12% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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)
39.2%
Headline metric
Movement correlation(i)
-34%
Based on % moves
95% CI
-39% → -29%
Likely range of correlation
Pipeline
Pipeline Summary
1,251 paired data points survived the daily window.
Raw input
1,255
9,202
Normalized
1,255
9,202
Prepared
1,255
9,202
Aligned
1,251
1,251
Invalid removed
R²(i)
11.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,251
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
-34%
No shift — both series at their actual dates.
1,250 overlapping points at this shift
Baseline
-34%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-34%
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
+67%
14 periods · Return correlation when both series rose
Both Falling
-40%
25 periods · Return correlation when both series fell
Diverging
-59%
103 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
7,955
A: 4 / B: 7951
Series A
Nano Dimension Ltd. American Depositary Shares (NNDM)
NNDM
Stock · 1,255 raw → 1,255 prepared
Series B
VIX
VIXCLS
FRED · 9,202 raw → 9,202 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
117
Estimated crossover points between normalized spreads.
Slope
-0.7738
Linear regression slope.
Intercept
-0.0008
Linear regression intercept.
Saved last month · ID: fred-vixcls_stock-nndm_daily_5y