SeriesMagCorrOverlapThrough
These move together about 61% of the time
Strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
Market cap 93.3B · 29,187 employees
Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. The company aims to generate attractive risk-adjusted returns in all interest-rate environments through a complementary portfolio of investments and operating businesses. Its investment portfolio is composed of mortgage servicing-related assets (full and excess MSRs and servicer advances), residential securities (and associated call rights), loans (including single-family rental), and consumer loans. Its operating segments are Origination and Servicing; Investment Portfolio; Residential Transitional Lending; and Asset Management.
What to Watch
Holds across regimes
Correlation is similar when markets rise (+19%) and fall (+27%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
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
+82%
No shift — both series at their actual dates.
941 overlapping points at this shift
Time series with Rithm Capital Corp. at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+82%
Pearson correlation
95% CI
+80% → +84%
Likely range
R²
67.1%
Variance explained
Trend agreement
60.8%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
941
Deep
Pipeline
Pipeline Summary
941 paired data points survived the daily window.
Raw input
1,255
941
Normalized
1,255
941
Prepared
1,255
941
Aligned
941
941
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
NOW
SERVICENOW, INC.
Strongest inverse
Market cap 5.7B · 7,240 employees
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
+19%
93 periods · Return correlation when both series rose
Both Falling
+27%
76 periods · Return correlation when both series fell
Diverging
-58%
80 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
314
A: 314 / B: 0
Series A
SERVICENOW, INC.
NOW
Market cap 93.3B · 29,187 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Rithm Capital Corp.
RITM
Market cap 5.7B · 7,240 employees
Stock · 941 raw → 941 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
12
Estimated crossover points between normalized spreads.
Slope
0.0238
Linear regression slope.
Intercept
6.9736
Linear regression intercept.
Saved 1 hour ago · ID: stock-now_stock-ritm_5y
RITM
Rithm Capital Corp.
Strongest positive