Loading market view
Loading market view
Loading correlations
The Sherwin-Williams Company (SHW) vs Aaa Corporate Bond Yield
Correlation
of % moves
-58%
In sync
of periods
34%
History
monthsmonths · through 2026-06
60
These move in the same direction about 34% of the time
Their swing sizes loosely mirror each other (~33% 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
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
34%
Headline metric
Movement correlation(i)
-58%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,254
1,290
Normalized
1,254
1,290
Prepared
61
1,290
Aligned
60
60
Invalid removed
33%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
59
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
No shift
Correlation at this shift
-58%
No shift — both series at their actual dates.
59 overlapping points at this shift
Baseline
-58%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-58%
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
-57%
11 periods · Return correlation when both series rose
Both Falling
+32%
9 periods · Return correlation when both series fell
Diverging
-74%
39 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,231
A: 1 / B: 1230
Series A
The Sherwin-Williams Company (SHW)
SHW
Stock · 1,254 raw → 61 prepared
Series B
Aaa Corporate Bond Yield
AAA
FRED · 1,290 raw → 1,290 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.4571
Linear regression slope.
Intercept
0.0138
Linear regression intercept.
Saved 3 months ago · ID: fred-aaa_stock-shw_monthly_5y