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Permian Resources Corporation (PR) vs USD/VES Exchange Rate
Correlation
of % moves
-5%
In sync
of periods
56%
History
daysdays · through 2026-05-15
920
These move opposite each other about 56% of the time
Their swing sizes barely line up — almost no shared pattern.
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
PR moves ~4 days before USD/VES Exchange Rate
Watch PR for an early read on USD/VES Exchange Rate.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
56.1%
Headline metric
Movement correlation(i)
-5%
Based on % moves
95% CI
-11% → +1%
Likely range of correlation
Pipeline
Pipeline Summary
920 paired data points survived the daily window.
Raw input
933
6,606
Normalized
933
6,606
Prepared
933
6,606
Aligned
920
920
Invalid removed
R²(i)
0.2%
Variance explained
Significance
n.s.
Statistical confidence
Data points
920
Deep
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: -6 to 6 days.
Selected shift
+4 days
Correlation at this shift
-10%
+5% stronger than no-shift baseline
USD/VES Exchange Rate shifted 4 days earlier. Reads: "Does Permian Resources Corporation (PR) today line up with USD/VES Exchange Rate 4 days from now?"
915 overlapping points at this shift
Baseline
-5%
No-shift correlation, matching the main time-series chart above.
Peak shift
+4 days
-10%
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
-8%
127 periods · Return correlation when both series rose
Both Falling
+46%
12 periods · Return correlation when both series fell
Diverging
-9%
110 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
5,699
A: 13 / B: 5686
Series A
Permian Resources Corporation (PR)
PR
Stock · 933 raw → 933 prepared
Series B
USD/VES Exchange Rate
DEXVZUS
FRED · 6,606 raw → 6,606 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0152
Linear regression slope.
Intercept
0.0046
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexvzus_stock-pr_daily_5y