Loading market view
Loading market view
Loading correlations
Correlation
of % moves
-33%
In sync
of periods
37%
History
daysdays · through 2026-06-11
1,054
These move in the same direction about 37% of the time
Their swing sizes only faintly mirror each other (~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
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Advanced
Statistics
In sync(i)
37.5%
Headline metric
Movement correlation(i)
-33%
Based on % moves
95% CI
-38% → -27%
Likely range of correlation
Pipeline
Pipeline Summary
1,054 paired data points survived the daily window.
Raw input
1,054
1,243
Normalized
1,054
1,243
Prepared
1,054
1,243
Aligned
1,054
1,054
Invalid removed
R²(i)
10.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,054
Deep
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.
1,053 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
-22%
24 periods · Return correlation when both series rose
Both Falling
+1%
46 periods · Return correlation when both series fell
Diverging
-28%
112 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
189
A: 0 / B: 189
Series A
2x Long VIX Futures ETF (UVIX)
UVIX
Stock · 1,054 raw → 1,054 prepared
Series B
Xometry, Inc. Class A Common Stock (XMTR)
XMTR
Stock · 1,243 raw → 1,243 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.2044
Linear regression slope.
Intercept
-0.0006
Linear regression intercept.
Saved last month · ID: stock-uvix_stock-xmtr_daily_5y