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Velo3D, Inc. Common stock (VELO) vs Case-Shiller Home Price Index
Correlation
of % moves
-13%
In sync
of periods
48%
History
monthsmonths · through 2026-06
27
These move in the same direction about 48% of the time
Their swing sizes only faintly mirror each other (~2% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
Case-Shiller Home Price Index moves ~7 months before VELO
Watch Case-Shiller Home Price Index for an early read on VELO.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Explore
Advanced
Statistics
In sync(i)
48%
Headline metric
Movement correlation(i)
-13%
Based on % moves
95% CI
-50% → +28%
Pipeline
Pipeline Summary
27 paired data points survived the monthly window.
Raw input
588
474
Normalized
588
474
Prepared
30
474
Aligned
27
27
Invalid removed
Likely range of correlation
R²(i)
2%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
25
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: -7 to 7 months.
Selected shift
-7 months
Correlation at this shift
-54%
+41% stronger than no-shift baseline
Case-Shiller Home Price Index shifted 7 months later. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with Case-Shiller Home Price Index 7 months ago?"
11 overlapping points at this shift
Baseline
-13%
No-shift correlation, matching the main time-series chart above.
Peak shift
-7 months
-54%
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
-41%
9 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-18%
13 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
450
A: 3 / B: 447
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 588 raw → 30 prepared
Series B
Case-Shiller Home Price Index
CSUSHPINSA
FRED · 474 raw → 474 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0054
Linear regression slope.
Intercept
0.0044
Linear regression intercept.
Saved 5 months ago · ID: fred-csushpinsa_stock-velo_monthly_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.