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Real Disposable Income vs Texas Capital Texas Oil Index ETF (OILT)
Correlation
of % moves
-42%
In sync
of periods
35%
History
monthsmonths · through 2026-07
32
These move in the same direction about 35% of the time
Their swing sizes loosely mirror each other (~17% 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
OILT moves ~12 months before Real Disposable Income
Watch OILT for an early read on Real Disposable Income.
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)
35%
Headline metric
Movement correlation(i)
-42%
Based on % moves
95% CI
-67% → -7%
Pipeline
Pipeline Summary
32 paired data points survived the monthly window.
Raw input
811
691
Normalized
811
691
Prepared
811
34
Aligned
32
32
Invalid removed
Likely range of correlation
R²(i)
17%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points(i)
31
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
-12 months
Correlation at this shift
+67%
+25% stronger than no-shift baseline
Texas Capital Texas Oil Index ETF (OILT) shifted 12 months later. Reads: "Does Real Disposable Income today line up with Texas Capital Texas Oil Index ETF (OILT) 12 months ago?"
19 overlapping points at this shift
Baseline
-42%
No-shift correlation, matching the main time-series chart above.
Peak shift
-12 months
+67%
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
-43%
10 periods · Return correlation when both series rose
Both Falling
N/A
1 periods · Return correlation when both series fell
Diverging
-61%
20 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
781
A: 779 / B: 2
Series A
Real Disposable Income
DSPIC96
FRED · 811 raw → 811 prepared
Series B
Texas Capital Texas Oil Index ETF (OILT)
OILT
Stock · 691 raw → 34 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-7.3697
Linear regression slope.
Intercept
0.0129
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dspic96_stock-oilt_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.