Loading market view
Loading market view
Loading correlations
Velo3D, Inc. Common stock (VELO) vs USD/JPY Exchange Rate
Correlation
of % moves
+1%
In sync
of periods
52%
History
daysdays · through 2026-05-15
574
These move in the same direction about 52% of the time
Their swing sizes barely line up — almost no shared pattern.
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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
USD/JPY Exchange Rate moves ~4 days before VELO
Watch USD/JPY Exchange Rate for an early read on VELO.
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)
+1%
Based on % moves
95% CI
-7% → +10%
Likely range of correlation
Pipeline
Pipeline Summary
574 paired data points survived the daily window.
Raw input
589
13,879
Normalized
589
13,879
Prepared
589
13,879
Aligned
574
574
Invalid removed
R²(i)
0.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
574
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
-4 days
Correlation at this shift
+8%
+7% stronger than no-shift baseline
USD/JPY Exchange Rate shifted 4 days later. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with USD/JPY Exchange Rate 4 days ago?"
564 overlapping points at this shift
Baseline
+1%
No-shift correlation, matching the main time-series chart above.
Peak shift
-4 days
+8%
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%
71 periods · Return correlation when both series rose
Both Falling
+6%
52 periods · Return correlation when both series fell
Diverging
-15%
125 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,320
A: 15 / B: 13305
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 589 raw → 589 prepared
Series B
USD/JPY Exchange Rate
DEXJPUS
FRED · 13,879 raw → 13,879 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
0.0014
Linear regression slope.
Intercept
0.0004
Linear regression intercept.
Saved 3 weeks ago · ID: fred-dexjpus_stock-velo_daily_5y