Loading market view
Loading market view
Loading correlations
Correlation
of % moves
+20%
In sync
of periods
57%
History
daysdays · through 2026-05-11
1,142
These move in the same direction about 57% of the time
Their swing sizes only faintly line up (~4% of the pattern is shared).
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
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
57.5%
Headline metric
Movement correlation(i)
+20%
Based on % moves
95% CI
+15% → +26%
Likely range of correlation
Pipeline
Pipeline Summary
1,142 paired data points survived the daily window.
Raw input
1,255
1,142
Normalized
1,255
1,142
Prepared
1,255
1,142
Aligned
1,142
1,142
Invalid removed
R²(i)
4.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,142
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
+20%
No shift — both series at their actual dates.
1,141 overlapping points at this shift
Baseline
+20%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+20%
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
-5%
84 periods · Return correlation when both series rose
Both Falling
-9%
80 periods · Return correlation when both series fell
Diverging
-19%
85 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
113
A: 113 / B: 0
Series A
STLD
Stock · 1,255 raw → 1,255 prepared
Series B
PTLO
Stock · 1,142 raw → 1,142 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
0.3042
Linear regression slope.
Intercept
-0.0020
Linear regression intercept.
Saved 2 days ago · ID: stock-ptlo_stock-stld_daily_5y