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Qnity Electronics, Inc. (Q) vs USD/TWD Exchange Rate
Correlation
of % moves
-18%
In sync
of periods
43%
History
daysdays · through 2026-07-02
165
These move in the same direction about 43% of the time
Their swing sizes only faintly mirror each other (~3% 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
Q moves ~1 day before USD/TWD Exchange Rate
Watch Q for an early read on USD/TWD Exchange Rate.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
43%
Headline metric
Movement correlation(i)
-18%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
165 paired data points survived the daily window.
Raw input
170
10,430
Normalized
170
10,430
Prepared
170
10,430
Aligned
165
165
Invalid removed
3%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
164
Usable
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
+1 day
Correlation at this shift
-32%
+14% stronger than no-shift baseline
USD/TWD Exchange Rate shifted 1 day earlier. Reads: "Does Qnity Electronics, Inc. (Q) today line up with USD/TWD Exchange Rate 1 day from now?"
163 overlapping points at this shift
Baseline
-18%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 day
-32%
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
+2%
41 periods · Return correlation when both series rose
Both Falling
-24%
23 periods · Return correlation when both series fell
Diverging
-56%
100 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
10,270
A: 5 / B: 10265
Series A
Qnity Electronics, Inc. (Q)
Q
Stock · 170 raw → 170 prepared
Series B
USD/TWD Exchange Rate
DEXTAUS
FRED · 10,430 raw → 10,430 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.0114
Linear regression slope.
Intercept
0.0002
Linear regression intercept.
Saved 3 months ago · ID: fred-dextaus_stock-q_daily_5y