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Permian Resources Corporation (PR) vs PPI: All Commodities
Correlation
of % moves
+39%
In sync
of periods
68%
History
monthsmonths · through 2026-05
45
These move in the same direction about 68% of the time
Their swing sizes only faintly line up (~15% 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
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
PR moves ~13 months before PPI: All Commodities
Watch PR for an early read on PPI: All Commodities.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
68%
Headline metric
Movement correlation(i)
+39%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
45 paired data points survived the monthly window.
Raw input
964
1,361
Normalized
964
1,361
Prepared
47
1,361
Aligned
45
45
Invalid removed
15%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
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
+13 months
Correlation at this shift
-52%
+13% stronger than no-shift baseline
PPI: All Commodities shifted 13 months earlier. Reads: "Does Permian Resources Corporation (PR) today line up with PPI: All Commodities 13 months from now?"
31 overlapping points at this shift
Baseline
+39%
No-shift correlation, matching the main time-series chart above.
Peak shift
+13 months
-52%
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
+42%
19 periods · Return correlation when both series rose
Both Falling
+8%
11 periods · Return correlation when both series fell
Diverging
-43%
14 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,318
A: 2 / B: 1316
Series A
Permian Resources Corporation (PR)
PR
Stock · 964 raw → 47 prepared
Series B
PPI: All Commodities
PPIACO
FRED · 1,361 raw → 1,361 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
0.0525
Linear regression slope.
Intercept
0.0008
Linear regression intercept.
Saved 3 months ago · ID: fred-ppiaco_stock-pr_monthly_5y