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Permian Resources Corporation (PR) vs Dow Jones Industrial Average
Correlation
of % moves
+40%
In sync
of periods
59%
History
daysdays · through 2026-07-07
962
These move in the same direction about 59% of the time
Their swing sizes loosely line up (~16% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Advanced
Statistics
In sync(i)
59%
Headline metric
Movement correlation(i)
+40%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
962 paired data points survived the daily window.
Raw input
964
2,512
Normalized
964
2,512
Prepared
964
2,512
Aligned
962
962
Invalid removed
16%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
961
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
No shift
Correlation at this shift
+40%
No shift — both series at their actual dates.
961 overlapping points at this shift
Baseline
+40%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+40%
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
+40%
71 periods · Return correlation when both series rose
Both Falling
+72%
55 periods · Return correlation when both series fell
Diverging
-70%
69 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,552
A: 2 / B: 1550
Series A
Permian Resources Corporation (PR)
PR
Stock · 964 raw → 964 prepared
Series B
Dow Jones Industrial Average
DJIA
FRED · 2,512 raw → 2,512 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
0.1359
Linear regression slope.
Intercept
0.0004
Linear regression intercept.
Saved 3 months ago · ID: fred-djia_stock-pr_daily_5y