SeriesMagCorrOverlapThrough
These move opposite each other about 38% of the time
Moderate inverse
A real but noisy link — useful as context, risky as a standalone signal.
Tesla is a vertically integrated battery electric vehicle automaker and developer of real world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling a sports car and offer a robotaxi service. Global deliveries in 2025 were nearly 1.64 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network and an auto insurance business
Market cap 1.4T · 134,785 employees
ICE BofA US High Yield Index Effective Yield
BAMLH0A0HYM2EY
What to Watch
Holds across regimes
Correlation is similar when markets rise (-4%) and fall (-18%) — reliable in both directions.
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
-65%
No shift — both series at their actual dates.
752 overlapping points at this shift
Time series with ICE BofA US High Yield Index Effective Yield 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
-65%
Pearson correlation
95% CI
-69% → -61%
Likely range
R²
42.2%
Variance explained
Trend agreement
38.4%
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
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
-4%
43 periods · Return correlation when both series rose
Both Falling
-18%
43 periods · Return correlation when both series fell
Diverging
-67%
163 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
Tesla, Inc. Common Stock
TSLA
Market cap 1.4T · 134,785 employees
Stock · 1,255 raw → 1,255 prepared
Series B
BAMLH0A0HYM2EY
FRED · 786 raw → 786 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.0052
Linear regression slope.
Intercept
8.9225
Linear regression intercept.
Saved 3 hours ago · ID: fred-bamlh0a0hym2ey_stock-tsla_5y
BAMLH0A0HYM2EY
ICE BofA US High Yield Index Effective Yield
Strongest positive