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Permian Resources Corporation (PR) vs PCE Price Index
Correlation
of % moves
+54%
In sync
of periods
65%
History
monthsmonths · through 2026-07
47
These move in the same direction about 65% of the time
Their swing sizes loosely line up (~29% 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
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)
65%
Headline metric
Movement correlation(i)
+54%
Based on % moves
95% CI
+30% → +72%
Pipeline
Pipeline Summary
47 paired data points survived the monthly window.
Raw input
1,007
811
Normalized
1,007
811
Prepared
49
811
Aligned
47
47
Invalid removed
Likely range of correlation
R²(i)
29%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
46
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.
46 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
+44%
29 periods · Return correlation when both series rose
Both Falling
N/A
1 periods · Return correlation when both series fell
Diverging
+42%
16 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
766
A: 2 / B: 764
Series A
Permian Resources Corporation (PR)
PR
Stock · 1,007 raw → 49 prepared
Series B
PCE Price Index
PCEPI
FRED · 811 raw → 811 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.0099
Linear regression slope.
Intercept
0.0023
Linear regression intercept.
Saved 4 months ago · ID: fred-pcepi_stock-pr_monthly_5y