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Occidental Petroleum Corporation (OXY) vs PCE Price Index
Correlation
of % moves
+54%
In sync
of periods
53%
History
monthsmonths · through 2026-03
59
These move in the same direction about 53% of the time
Their swing sizes loosely line up (~29% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
53.4%
Headline metric
Movement correlation(i)
+54%
Based on % moves
95% CI
+32% → +70%
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,254
807
Normalized
1,254
807
Prepared
61
807
Aligned
59
59
Invalid removed
Likely range of correlation
R²(i)
28.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
59
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
No shift
Correlation at this shift
+54%
No shift — both series at their actual dates.
58 overlapping points at this shift
Baseline
+54%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+54%
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
+79%
30 periods · Return correlation when both series rose
Both Falling
N/A
1 periods · Return correlation when both series fell
Diverging
+32%
27 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
750
A: 2 / B: 748
Series A
Occidental Petroleum Corporation (OXY)
OXY
Stock · 1,254 raw → 61 prepared
Series B
PCE Price Index
PCEPI
FRED · 807 raw → 807 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
0.0128
Linear regression slope.
Intercept
0.0030
Linear regression intercept.
Saved 2 weeks ago · ID: fred-pcepi_stock-oxy_monthly_5y