SeriesMagCorrOverlapThrough
These move together about 48% of the time
Moderate positive
A real but noisy link — useful as context, risky as a standalone signal.
Realty Income owns roughly 15,500 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 20% of revenue.
Market cap 58.5B · 544 employees
5Y Breakeven Inflation
T5YIE
What to Watch
Tighter in drawdowns
Pair moves more tightly when both fall (+65%) than when both rise (+38%) — typical risk-off behaviour.
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
+55%
No shift — both series at their actual dates.
1,246 overlapping points at this shift
Time series with 5Y Breakeven Inflation 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
+55%
Pearson correlation
95% CI
+50% → +58%
Likely range
R²
29.7%
Variance explained
Trend agreement
47.9%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,246
Deep
Pipeline
Pipeline Summary
1,246 paired data points survived the daily window.
Raw input
1,255
5,837
Normalized
1,255
5,837
Prepared
1,255
5,837
Aligned
1,246
1,246
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.
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
+38%
59 periods · Return correlation when both series rose
Both Falling
+65%
61 periods · Return correlation when both series fell
Diverging
-70%
129 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
4,600
A: 9 / B: 4591
Series A
Realty Income Corporation
O
Market cap 58.5B · 544 employees
Stock · 1,255 raw → 1,255 prepared
Series B
T5YIE
FRED · 5,837 raw → 5,837 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
32
Estimated crossover points between normalized spreads.
Slope
0.0252
Linear regression slope.
Intercept
0.9103
Linear regression intercept.
Saved 1 hour ago · ID: fred-t5yie_stock-o_5y
T5YIE
5Y Breakeven Inflation
Strongest positive