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Occidental Petroleum Corporation (OXY) vs Fed Funds Rate
Correlation
of % moves
+41%
In sync
of periods
56%
History
monthsmonths · through 2026-04
60
These move in the same direction about 56% of the time
Their swing sizes loosely line up (~17% 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 ~2 months before Fed Funds Rate
Watch OXY for an early read on Fed Funds Rate.
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)
56.3%
Headline metric
Movement correlation(i)
+41%
Based on % moves
95% CI
+17% → +60%
Likely range of correlation
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,254
862
Normalized
1,254
862
Prepared
61
862
Aligned
60
60
Invalid removed
R²(i)
17.0%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
60
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
+2 months
Correlation at this shift
+56%
+15% stronger than no-shift baseline
Fed Funds Rate shifted 2 months earlier. Reads: "Does Occidental Petroleum Corporation (OXY) today line up with Fed Funds Rate 2 months from now?"
57 overlapping points at this shift
Baseline
+41%
No-shift correlation, matching the main time-series chart above.
Peak shift
+2 months
+56%
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
-1%
11 periods · Return correlation when both series rose
Both Falling
-12%
7 periods · Return correlation when both series fell
Diverging
-36%
41 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
803
A: 1 / B: 802
Series A
Occidental Petroleum Corporation (OXY)
OXY
Stock · 1,254 raw → 61 prepared
Series B
Fed Funds Rate
FEDFUNDS
FRED · 862 raw → 862 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.9338
Linear regression slope.
Intercept
0.0566
Linear regression intercept.
Saved 2 weeks ago · ID: fred-fedfunds_stock-oxy_monthly_5y