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Velo3D, Inc. Common stock (VELO) vs USD/HKD Exchange Rate
Correlation
of % moves
-9%
In sync
of periods
52%
History
daysdays · through 2026-05-15
577
These move in the same direction about 52% of the time
Their swing sizes only faintly mirror each other (~1% 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
VELO moves ~5 days before USD/HKD Exchange Rate
Watch VELO for an early read on USD/HKD Exchange Rate.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
52.0%
Headline metric
Movement correlation(i)
-9%
Based on % moves
95% CI
-17% → -1%
Likely range of correlation
Pipeline
Pipeline Summary
577 paired data points survived the daily window.
Raw input
589
11,385
Normalized
589
11,385
Prepared
589
11,385
Aligned
577
577
Invalid removed
R²(i)
0.8%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points
577
Robust
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
+5 days
Correlation at this shift
+16%
+6% stronger than no-shift baseline
USD/HKD Exchange Rate shifted 5 days earlier. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with USD/HKD Exchange Rate 5 days from now?"
571 overlapping points at this shift
Baseline
-9%
No-shift correlation, matching the main time-series chart above.
Peak shift
+5 days
+16%
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
+8%
66 periods · Return correlation when both series rose
Both Falling
-7%
43 periods · Return correlation when both series fell
Diverging
-23%
139 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
10,820
A: 12 / B: 10808
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 589 raw → 589 prepared
Series B
USD/HKD Exchange Rate
DEXHKUS
FRED · 11,385 raw → 11,385 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
41
Estimated crossover points between normalized spreads.
Slope
-0.0005
Linear regression slope.
Intercept
0.0000
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexhkus_stock-velo_daily_5y