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Velo3D, Inc. Common stock (VELO) vs Average Price: Ground Beef, 100% Beef
Correlation
of % moves
+21%
In sync
of periods
83%
History
monthsmonths · through 2026-04
27
These move in the same direction about 83% of the time
Their swing sizes only faintly line up (~4% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
Average Price: Ground Beef, 100% Beef moves ~8 months before VELO
Watch Average Price: Ground Beef, 100% Beef for an early read on VELO.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
83.3%
Headline metric
Movement correlation(i)
+21%
Based on % moves
95% CI
-21% → +56%
Likely range of correlation
Pipeline
Pipeline Summary
27 paired data points survived the monthly window.
Raw input
590
506
Normalized
590
506
Prepared
30
506
Aligned
27
27
Invalid removed
R²(i)
4.3%
Variance explained
Significance
n.s.
Statistical confidence
Data points
27
Limited
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: -8 to 8 months.
Selected shift
-8 months
Correlation at this shift
+39%
+18% stronger than no-shift baseline
Average Price: Ground Beef, 100% Beef shifted 8 months later. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with Average Price: Ground Beef, 100% Beef 8 months ago?"
10 overlapping points at this shift
Baseline
+21%
No-shift correlation, matching the main time-series chart above.
Peak shift
-8 months
+39%
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
+5%
14 periods · Return correlation when both series rose
Both Falling
-49%
6 periods · Return correlation when both series fell
Diverging
N/A
4 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
482
A: 3 / B: 479
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 590 raw → 30 prepared
Series B
Average Price: Ground Beef, 100% Beef
APU0000703112
FRED · 506 raw → 506 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
0.0175
Linear regression slope.
Intercept
0.0057
Linear regression intercept.
Saved last month · ID: fred-apu0000703112_stock-velo_monthly_5y