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Velo3D, Inc. Common stock (VELO) vs CPI: Used Cars & Trucks
Correlation
of % moves
-12%
In sync
of periods
33%
History
monthsmonths · through 2026-08
29
These move in the same direction about 33% of the time
Their swing sizes only faintly mirror each other (~2% 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
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
VELO moves ~7 months before CPI: Used Cars & Trucks
Watch VELO for an early read on CPI: Used Cars & Trucks.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Explore
Advanced
Statistics
In sync(i)
33%
Headline metric
Movement correlation(i)
-12%
Based on % moves
95% CI
-48% → +27%
Pipeline
Pipeline Summary
29 paired data points survived the monthly window.
Raw input
588
884
Normalized
588
884
Prepared
30
884
Aligned
29
29
Invalid removed
Likely range of correlation
R²(i)
2%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
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
+7 months
Correlation at this shift
+39%
+27% stronger than no-shift baseline
CPI: Used Cars & Trucks shifted 7 months earlier. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with CPI: Used Cars & Trucks 7 months from now?"
13 overlapping points at this shift
Baseline
-12%
No-shift correlation, matching the main time-series chart above.
Peak shift
+7 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
-48%
6 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-19%
18 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
856
A: 1 / B: 855
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 588 raw → 30 prepared
Series B
CPI: Used Cars & Trucks
CUSR0000SETA02
FRED · 884 raw → 884 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
-0.0080
Linear regression slope.
Intercept
0.0000
Linear regression intercept.
Saved 5 months ago · ID: fred-cusr0000seta02_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.