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SkyWater Technology, Inc. Common Stock (SKYT) vs Case-Shiller Home Price Index
Correlation
of % moves
-39%
In sync
of periods
25%
History
monthsmonths · through 2026-02
57
These move in the same direction about 25% of the time
Their swing sizes only faintly mirror each other (~15% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
25.0%
Headline metric
Movement correlation(i)
-39%
Based on % moves
95% CI
-59% → -14%
Likely range of correlation
Pipeline
Pipeline Summary
57 paired data points survived the monthly window.
Raw input
1,254
470
Normalized
1,254
470
Prepared
60
470
Aligned
57
57
Invalid removed
R²(i)
14.9%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
57
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
-39%
No shift — both series at their actual dates.
56 overlapping points at this shift
Baseline
-39%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-39%
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
-11%
9 periods · Return correlation when both series rose
Both Falling
+74%
5 periods · Return correlation when both series fell
Diverging
-64%
42 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
416
A: 3 / B: 413
Series A
SkyWater Technology, Inc. Common Stock (SKYT)
SKYT
Stock · 1,254 raw → 60 prepared
Series B
Case-Shiller Home Price Index
CSUSHPINSA
FRED · 470 raw → 470 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
-0.0148
Linear regression slope.
Intercept
0.0040
Linear regression intercept.
Saved 3 weeks ago · ID: fred-csushpinsa_stock-skyt_monthly_5y