SeriesMagCorrOverlapThrough
Overview
Relationship
These move opposite each other about 31% of the time
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Read
When one moves up, the other tends to move down.
The saved window keeps correlation, overlap, alignment, and freshness anchored to the same computed record.
What to Watch
Unusual right now
Recent correlation (-26%) is 2.6σ from the long-run average of -88% — pair is behaving differently than usual.
Decouples in drawdowns
Correlation weakens when both fall (+23%) vs when both rise (+55%) — don't count on this pair as a hedge under stress.
Flaky
Correlation swings widely across time windows — careful using this as a point estimate.
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
-88%
No shift — both series at their actual dates.
752 overlapping points at this shift
Baseline
-88%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-88%
A non-zero peak suggests one series lines up better when shifted against the other.
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
-88%
Pearson correlation
95% CI
-89% → -86%
Likely range
R²
76.8%
Variance explained
Trend agreement
30.7%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
752
Deep
Pipeline
Pipeline Summary
752 paired data points survived the daily window.
Raw input
1,255
786
Normalized
1,255
786
Prepared
1,255
786
Aligned
752
752
Invalid removed
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
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
+55%
30 periods · Return correlation when both series rose
Both Falling
+23%
33 periods · Return correlation when both series fell
Diverging
-81%
186 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
537
A: 503 / B: 34
Series A
State Street SPDR S&P 500 ETF Trust
SPY
Stock · 1,255 raw → 1,255 prepared
Series B
BAMLC0A4CBBB
FRED · 786 raw → 786 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
19
Estimated crossover points between normalized spreads.
Slope
-0.0023
Linear regression slope.
Intercept
2.4847
Linear regression intercept.
Saved 2 hours ago · ID: fred-bamlc0a4cbbb_stock-spy_5y