Loading market view
Loading market view
Loading correlations
Correlation
of % moves
+1%
In sync
of periods
59%
History
monthsmonths · through 2026-04
49
These move in the same direction about 59% of the time
Their swing sizes barely line up — almost no shared pattern.
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
US CPI moves ~12 months before RBC
Watch US CPI for an early read on RBC.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
58.7%
Headline metric
Movement correlation(i)
+1%
Based on % moves
95% CI
-28% → +30%
Pipeline
Pipeline Summary
49 paired data points survived the monthly window.
Raw input
1,008
951
Normalized
1,008
951
Prepared
51
951
Aligned
49
49
Invalid removed
Likely range of correlation
R²(i)
0.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
49
Thin
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: -18 to 18 months.
Selected shift
-12 months
Correlation at this shift
-40%
+39% stronger than no-shift baseline
US CPI shifted 12 months later. Reads: "Does RBC Bearings Incorporated (RBC) today line up with US CPI 12 months ago?"
24 overlapping points at this shift
Baseline
+1%
No-shift correlation, matching the main time-series chart above.
Peak shift
-12 months
-40%
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
-29%
27 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
+34%
19 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
904
A: 2 / B: 902
Series A
RBC Bearings Incorporated (RBC)
RBC
Stock · 1,008 raw → 51 prepared
Series B
US CPI
CPIAUCSL
FRED · 951 raw → 951 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0004
Linear regression slope.
Intercept
0.0031
Linear regression intercept.
Saved 2 weeks ago · ID: fred-cpiaucsl_stock-rbc_monthly_5y