SeriesMagCorrOverlapThrough
These move together about 62% of the time
Strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around 60% of its total revenue overseas, with sizable contributions from emerging economies in Latin America and Asia-Pacific.
Market cap 324.7B · 65,900 employees
Invesco S&P 500 Quality ETF
SPHQ
What to Watch
Tighter in drawdowns
Pair moves more tightly when both fall (+41%) than when both rise (+18%) — typical risk-off behaviour.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
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
+78%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Invesco S&P 500 Quality ETF at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+78%
Pearson correlation
95% CI
+76% → +80%
Likely range
R²
61.0%
Variance explained
Trend agreement
61.7%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
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
+18%
103 periods · Return correlation when both series rose
Both Falling
+41%
87 periods · Return correlation when both series fell
Diverging
-62%
59 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Coca-Cola Company
KO
Market cap 324.7B · 65,900 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Invesco S&P 500 Quality ETF
SPHQ
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
35
Estimated crossover points between normalized spreads.
Slope
1.4543
Linear regression slope.
Intercept
-34.6134
Linear regression intercept.
Saved 1 hour ago · ID: stock-ko_stock-sphq_5y
SPHQ
Invesco S&P 500 Quality ETF
Strongest positive