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Occidental Petroleum Corporation (OXY) vs Real Disposable Income
Correlation
of % moves
-36%
In sync
of periods
45%
History
monthsmonths · through 2026-07
59
These move in the same direction about 45% of the time
Their swing sizes only faintly mirror each other (~13% 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
OXY moves ~12 months before Real Disposable Income
Watch OXY for an early read on Real Disposable Income.
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.
Advanced
Statistics
In sync(i)
45%
Headline metric
Movement correlation(i)
-36%
Based on % moves
95% CI
-56% → -11%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,253
811
Normalized
1,253
811
Prepared
61
811
Aligned
59
59
Invalid removed
R²(i)
13%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points(i)
58
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
+53%
+18% stronger than no-shift baseline
Real Disposable Income shifted 12 months earlier. Reads: "Does Occidental Petroleum Corporation (OXY) today line up with Real Disposable Income 12 months from now?"
46 overlapping points at this shift
Baseline
-36%
No-shift correlation, matching the main time-series chart above.
Peak shift
+12 months
+53%
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
-29%
19 periods · Return correlation when both series rose
Both Falling
+29%
7 periods · Return correlation when both series fell
Diverging
-54%
32 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
754
A: 2 / B: 752
Series A
Occidental Petroleum Corporation (OXY)
OXY
Stock · 1,253 raw → 61 prepared
Series B
Real Disposable Income
DSPIC96
FRED · 811 raw → 811 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0235
Linear regression slope.
Intercept
0.0017
Linear regression intercept.
Saved 4 months ago · ID: fred-dspic96_stock-oxy_monthly_5y