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Velo3D, Inc. Common stock (VELO) vs PPI: All Commodities
Correlation
of % moves
-19%
In sync
of periods
54%
History
monthsmonths · through 2026-04
28
These move in the same direction about 54% of the time
Their swing sizes only faintly mirror each other (~4% 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 ~8 months before PPI: All Commodities
Watch VELO for an early read on PPI: All Commodities.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
53.8%
Headline metric
Movement correlation(i)
-19%
Based on % moves
95% CI
-54% → +21%
Pipeline
Pipeline Summary
28 paired data points survived the monthly window.
Raw input
590
1,360
Normalized
590
1,360
Prepared
30
1,360
Aligned
28
28
Invalid removed
Likely range of correlation
R²(i)
3.8%
Variance explained
Significance
n.s.
Statistical confidence
Data points
28
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
+8 months
Correlation at this shift
+55%
+36% stronger than no-shift baseline
PPI: All Commodities shifted 8 months earlier. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with PPI: All Commodities 8 months from now?"
10 overlapping points at this shift
Baseline
-19%
No-shift correlation, matching the main time-series chart above.
Peak shift
+8 months
+55%
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
-37%
11 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-35%
12 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,334
A: 2 / B: 1332
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 590 raw → 30 prepared
Series B
PPI: All Commodities
PPIACO
FRED · 1,360 raw → 1,360 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
-0.0143
Linear regression slope.
Intercept
0.0083
Linear regression intercept.
Saved last month · ID: fred-ppiaco_stock-velo_monthly_5y