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Correlation
of % moves
+61%
In sync
of periods
70%
History
daysdays · through 2026-09-08
212
These move in the same direction about 70% of the time
When one swings, the other often swings by a similar amount (~37% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
70%
Headline metric
Movement correlation(i)
+61%
Based on % moves
95% CI
+52% → +69%
Likely range of correlation
Pipeline
Pipeline Summary
212 paired data points survived the daily window.
Raw input
213
2,512
Normalized
213
2,512
Prepared
213
2,512
Aligned
212
212
Invalid removed
R²(i)
37%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
211
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
+61%
No shift — both series at their actual dates.
211 overlapping points at this shift
Baseline
+61%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+61%
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
+58%
82 periods · Return correlation when both series rose
Both Falling
+38%
66 periods · Return correlation when both series fell
Diverging
-46%
63 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,301
A: 1 / B: 2300
Series A
Qnity Electronics, Inc. (Q)
Q
Stock · 213 raw → 213 prepared
Series B
S&P 500
SP500
FRED · 2,512 raw → 2,512 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.1414
Linear regression slope.
Intercept
0.0004
Linear regression intercept.
Saved 4 months ago · ID: fred-sp500_stock-q_daily_5y