Loading market view
Loading market view
Loading correlations
Toncoin (TON) vs NASDAQ Composite
Correlation
of % moves
+33%
In sync
of periods
59%
History
daysdays · through 2026-05-21
476
These move in the same direction about 59% of the time
Their swing sizes only faintly line up (~11% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
58.8%
Headline metric
Movement correlation(i)
+33%
Based on % moves
95% CI
+25% → +41%
Likely range of correlation
Pipeline
Pipeline Summary
476 paired data points survived the daily window.
Raw input
701
13,941
Normalized
701
13,941
Prepared
701
13,941
Aligned
476
476
Invalid removed
R²(i)
11.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
476
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
+33%
No shift — both series at their actual dates.
474 overlapping points at this shift
Baseline
+33%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+33%
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
+6%
80 periods · Return correlation when both series rose
Both Falling
+28%
75 periods · Return correlation when both series fell
Diverging
-43%
93 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,690
A: 225 / B: 13465
Series A
Toncoin (TON)
TON
Crypto · 701 raw → 701 prepared
Series B
NASDAQ Composite
NASDAQCOM
FRED · 13,941 raw → 13,941 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0964
Linear regression slope.
Intercept
0.0011
Linear regression intercept.
Saved 3 weeks ago · ID: crypto-ton_fred-nasdaqcom_daily_5y