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RBC Bearings Incorporated (RBC) vs Fed Funds Rate
Correlation
of % moves
-15%
In sync
of periods
40%
History
monthsmonths · through 2026-04
50
These move in the same direction about 40% of the time
Their swing sizes only faintly mirror each other (~2% 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
Fed Funds Rate moves ~17 months before RBC
Watch Fed Funds Rate 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)
40.0%
Headline metric
Movement correlation(i)
-15%
Based on % moves
95% CI
-42% → +14%
Pipeline
Pipeline Summary
50 paired data points survived the monthly window.
Raw input
1,008
862
Normalized
1,008
862
Prepared
51
862
Aligned
50
50
Invalid removed
Likely range of correlation
R²(i)
2.3%
Variance explained
Significance
n.s.
Statistical confidence
Data points
50
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
-17 months
Correlation at this shift
-34%
+18% stronger than no-shift baseline
Fed Funds Rate shifted 17 months later. Reads: "Does RBC Bearings Incorporated (RBC) today line up with Fed Funds Rate 17 months ago?"
26 overlapping points at this shift
Baseline
-15%
No-shift correlation, matching the main time-series chart above.
Peak shift
-17 months
-34%
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
+72%
6 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-43%
38 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
813
A: 1 / B: 812
Series A
RBC Bearings Incorporated (RBC)
RBC
Stock · 1,008 raw → 51 prepared
Series B
Fed Funds Rate
FEDFUNDS
FRED · 862 raw → 862 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.1941
Linear regression slope.
Intercept
0.0177
Linear regression intercept.
Saved 2 weeks ago · ID: fred-fedfunds_stock-rbc_monthly_5y