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Velo3D, Inc. Common stock (VELO) vs USD/SEK Exchange Rate
Correlation
of % moves
+22%
In sync
of periods
50%
History
daysdays · through 2026-05-15
577
These move in the same direction about 50% of the time
Their swing sizes only faintly line up (~5% 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
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
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)
50.1%
Headline metric
Movement correlation(i)
+22%
Based on % moves
95% CI
+14% → +29%
Likely range of correlation
Pipeline
Pipeline Summary
577 paired data points survived the daily window.
Raw input
589
13,884
Normalized
589
13,884
Prepared
589
13,884
Aligned
577
577
Invalid removed
R²(i)
4.6%
Variance explained
Significance
p < 0.001
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
No shift
Correlation at this shift
+22%
No shift — both series at their actual dates.
576 overlapping points at this shift
Baseline
+22%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+22%
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
-18%
73 periods · Return correlation when both series rose
Both Falling
+52%
52 periods · Return correlation when both series fell
Diverging
-22%
124 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,319
A: 12 / B: 13307
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 589 raw → 589 prepared
Series B
USD/SEK Exchange Rate
DEXSDUS
FRED · 13,884 raw → 13,884 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
26
Estimated crossover points between normalized spreads.
Slope
0.0213
Linear regression slope.
Intercept
0.0002
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexsdus_stock-velo_daily_5y