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Qnity Electronics, Inc. (Q) vs NZD/USD Exchange Rate
Correlation
of % moves
+25%
In sync
of periods
60%
History
daysdays · through 2026-05-15
133
These move in the same direction about 60% of the time
Their swing sizes only faintly line up (~6% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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 tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
60.0%
Headline metric
Movement correlation(i)
+25%
Based on % moves
95% CI
+8% → +40%
Likely range of correlation
Pipeline
Pipeline Summary
133 paired data points survived the daily window.
Raw input
139
13,869
Normalized
139
13,869
Prepared
139
13,869
Aligned
133
133
Invalid removed
R²(i)
6.1%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
133
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
No shift
Correlation at this shift
+25%
No shift — both series at their actual dates.
132 overlapping points at this shift
Baseline
+25%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+25%
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
+10%
44 periods · Return correlation when both series rose
Both Falling
+38%
34 periods · Return correlation when both series fell
Diverging
-51%
54 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,742
A: 6 / B: 13736
Series A
Qnity Electronics, Inc. (Q)
Q
Stock · 139 raw → 139 prepared
Series B
NZD/USD Exchange Rate
DEXUSNZ
FRED · 13,869 raw → 13,869 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.0393
Linear regression slope.
Intercept
0.0000
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexusnz_stock-q_daily_5y