SeriesMagCorrOverlapThrough
These move opposite each other about 58% of the time
Light inverse
Weak relationship — not much actionable signal here beyond directional colour.
Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its reporting segments are construction, resource, energy, and transportation. Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has a global reach that is approximately evenly balanced between the US and the rest of the world. Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of over 150 dealers operates approximately 2,800 facilities, giving Caterpillar reac
Market cap 385.6B · 118,000 employees
Peloton Interactive Inc operates an interactive fitness platform. It operates its business in two reportable segments: Connected Fitness Products and Subscription. Connected Fitness Product derives revenue from the portfolio of Connected Fitness Products and related accessories, as well as Precor-branded fitness products, delivery and installation services, Peloton Bike portfolio rental products, extended warranty agreements, branded apparel, and commercial service contracts. Subscription revenue is derived from monthly Subscription fees. The company generates maximum revenue from the Subscription segment. Geographically, the company derives a majority of its revenue from North America and t
What to Watch
Holds across regimes
Correlation is similar when markets rise (-29%) and fall (-23%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
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
-35%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Peloton Interactive, Inc. Class A Common Stock at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
-35%
Pearson correlation
95% CI
-39% → -30%
Likely range
R²
11.9%
Variance explained
Trend agreement
58.3%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
Market cap 2.3B · 2,145 employees
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
-29%
78 periods · Return correlation when both series rose
Both Falling
-23%
81 periods · Return correlation when both series fell
Diverging
-19%
90 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Caterpillar Inc.
CAT
Market cap 385.6B · 118,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Peloton Interactive, Inc. Class A Common Stock
PTON
Market cap 2.3B · 2,145 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0733
Linear regression slope.
Intercept
43.3152
Linear regression intercept.
Saved 2 hours ago · ID: stock-cat_stock-pton_5y
PTON
Peloton Interactive, Inc. Class A Common Stock
Strongest positive