SeriesMagCorrOverlapThrough
These move together about 70% of the time
Light positive
Weak relationship — not much actionable signal here beyond directional colour.
Ethereum
ETH
Smart Contract · USD pair
Toncoin
TON
Layer 1 · USD pair
What to Watch
Drifting from pattern
Recent correlation (+88%) is running 2.0σ away from the long-run average of +28%.
Tighter in drawdowns
Pair moves more tightly when both fall (+59%) than when both rise (-2%) — typical risk-off behaviour.
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
+28%
No shift — both series at their actual dates.
703 overlapping points at this shift
Time series with Toncoin 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
+28%
Pearson correlation
95% CI
+21% → +34%
Likely range
R²
7.6%
Variance explained
Trend agreement
70.1%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
703
Robust
Pipeline
Pipeline Summary
703 paired data points survived the daily window.
Raw input
730
703
Normalized
730
703
Prepared
730
703
Aligned
703
703
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.
ETH
Ethereum
Strongest inverse
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
-2%
92 periods · Return correlation when both series rose
Both Falling
+59%
95 periods · Return correlation when both series fell
Diverging
-43%
62 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
27
A: 27 / B: 0
Series A
Ethereum
ETH
Crypto · 730 raw → 730 prepared
Series B
Toncoin
TON
Crypto · 703 raw → 703 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
0.0007
Linear regression slope.
Intercept
1.6716
Linear regression intercept.
Saved 2 days ago · ID: crypto:eth|crypto:ton|5Y