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Velo3D, Inc. Common stock (VELO) vs Fed Funds Rate
Correlation
of % moves
-12%
In sync
of periods
63%
History
monthsmonths · through 2026-08
29
These move in the same direction about 63% 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 ~7 months before Fed Funds Rate
Watch VELO for an early read on Fed Funds Rate.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Explore
Advanced
Statistics
In sync(i)
63%
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
866
Normalized
588
866
Prepared
30
866
Aligned
29
29
Invalid removed
Likely range of correlation
R²(i)
1%
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
-36%
+24% stronger than no-shift baseline
Fed Funds Rate shifted 7 months earlier. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with Fed Funds Rate 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
-36%
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
+24%
8 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
-23%
17 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
838
A: 1 / B: 837
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 588 raw → 30 prepared
Series B
Fed Funds Rate
FEDFUNDS
FRED · 866 raw → 866 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
-0.1220
Linear regression slope.
Intercept
0.1450
Linear regression intercept.
Saved 5 months ago · ID: fred-fedfunds_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.