SeriesMagCorrOverlapThrough
These move together about 67% of the time
Very strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Wells Fargo is a premier, North American-focused banking titan that commands a $2.2 trillion balance sheet and the third-highest deposit market share in the United States. The bank uses a dense, expansive network of 4,093 branches to champion retail consumers and the middle market, where the firm has built a particularly strong reputation. Following the removal of its federal asset cap in 2025, the firm is set to deploy its legacy excess liquidity to expand each of its four segments: consumer & business lending, commercial banking, corporate & investment banking, and wealth & investment management.
Market cap 249.7B · 205,000 employees
Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel, especially across the Pacific, than its large US peers.
What to Watch
Tighter in drawdowns
Pair moves more tightly when both fall (+63%) than when both rise (+43%) — 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
+93%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with United Airlines Holdings, Inc. Common Stock 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
+93%
Pearson correlation
95% CI
+92% → +93%
Likely range
R²
85.6%
Variance explained
Trend agreement
66.8%
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.
Market cap 29.3B · 115,600 employees
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
+43%
104 periods · Return correlation when both series rose
Both Falling
+63%
98 periods · Return correlation when both series fell
Diverging
-48%
47 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
Wells Fargo & Co.
WFC
Market cap 249.7B · 205,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
United Airlines Holdings, Inc. Common Stock
UAL
Market cap 29.3B · 115,600 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
40
Estimated crossover points between normalized spreads.
Slope
1.3808
Linear regression slope.
Intercept
-18.8028
Linear regression intercept.
Saved 2 hours ago · ID: stock-ual_stock-wfc_5y
UAL
United Airlines Holdings, Inc. Common Stock
Strongest positive