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Velo3D, Inc. Common stock (VELO) vs USD/TWD Exchange Rate
Correlation
of % moves
-1%
In sync
of periods
50%
History
daysdays · through 2026-05-15
576
These move in the same direction about 50% 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
VELO moves ~2 days before USD/TWD Exchange Rate
Watch VELO for an early read on USD/TWD 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)
50.0%
Headline metric
Movement correlation(i)
-1%
Based on % moves
95% CI
-9% → +7%
Likely range of correlation
Pipeline
Pipeline Summary
576 paired data points survived the daily window.
Raw input
588
10,398
Normalized
588
10,398
Prepared
588
10,398
Aligned
576
576
Invalid removed
R²(i)
0.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
576
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
+2 days
Correlation at this shift
+10%
+9% stronger than no-shift baseline
USD/TWD Exchange Rate shifted 2 days earlier. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with USD/TWD Exchange Rate 2 days from now?"
570 overlapping points at this shift
Baseline
-1%
No-shift correlation, matching the main time-series chart above.
Peak shift
+2 days
+10%
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
-7%
77 periods · Return correlation when both series rose
Both Falling
-3%
55 periods · Return correlation when both series fell
Diverging
-24%
116 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
9,834
A: 12 / B: 9822
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 588 raw → 588 prepared
Series B
USD/TWD Exchange Rate
DEXTAUS
FRED · 10,398 raw → 10,398 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
20
Estimated crossover points between normalized spreads.
Slope
-0.0005
Linear regression slope.
Intercept
0.0003
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dextaus_stock-velo_daily_5y