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Sandisk Corporation Common Stock (SNDK) vs USD/VES Exchange Rate
Correlation
of % moves
+7%
In sync
of periods
56%
History
daysdays · through 2026-05-15
307
These move in the same direction about 56% of the time
Their swing sizes only faintly line up (~0% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
55.8%
Headline metric
Movement correlation(i)
+7%
Based on % moves
95% CI
-5% → +18%
Pipeline
Pipeline Summary
307 paired data points survived the daily window.
Raw input
314
6,606
Normalized
314
6,606
Prepared
314
6,606
Aligned
307
307
Invalid removed
Likely range of correlation
R²(i)
0.4%
Variance explained
Significance
n.s.
Statistical confidence
Data points
307
Robust
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
+7%
No shift — both series at their actual dates.
306 overlapping points at this shift
Baseline
+7%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+7%
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
+27%
123 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-33%
126 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
6,306
A: 7 / B: 6299
Series A
Sandisk Corporation Common Stock (SNDK)
SNDK
Stock · 314 raw → 314 prepared
Series B
USD/VES Exchange Rate
DEXVZUS
FRED · 6,606 raw → 6,606 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0067
Linear regression slope.
Intercept
0.0068
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexvzus_stock-sndk_daily_5y