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Permian Resources Corporation (PR) vs Aaa Corporate Bond Yield
Correlation
of % moves
+45%
In sync
of periods
70%
History
monthsmonths · through 2026-04
44
These move in the same direction about 70% of the time
Their swing sizes loosely line up (~21% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
69.8%
Headline metric
Movement correlation(i)
+45%
Based on % moves
95% CI
+18% → +66%
Likely range of correlation
Pipeline
Pipeline Summary
44 paired data points survived the monthly window.
Raw input
933
1,288
Normalized
933
1,288
Prepared
45
1,288
Aligned
44
44
Invalid removed
R²(i)
20.6%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
44
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
+45%
No shift — both series at their actual dates.
43 overlapping points at this shift
Baseline
+45%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+45%
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
+31%
18 periods · Return correlation when both series rose
Both Falling
+9%
12 periods · Return correlation when both series fell
Diverging
-62%
13 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,245
A: 1 / B: 1244
Series A
Permian Resources Corporation (PR)
PR
Stock · 933 raw → 45 prepared
Series B
Aaa Corporate Bond Yield
AAA
FRED · 1,288 raw → 1,288 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.2301
Linear regression slope.
Intercept
-0.0016
Linear regression intercept.
Saved 3 weeks ago · ID: fred-aaa_stock-pr_monthly_5y