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Velo3D, Inc. Common stock (VELO) vs Total Vehicle Sales
Correlation
of % moves
-19%
In sync
of periods
59%
History
monthsmonths · through 2026-08
29
These move in the same direction about 59% 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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Total Vehicle Sales moves ~6 months before VELO
Watch Total Vehicle Sales for an early read on VELO.
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)
59%
Headline metric
Movement correlation(i)
-19%
Based on % moves
95% CI
-53% → +20%
Pipeline
Pipeline Summary
29 paired data points survived the monthly window.
Raw input
589
608
Normalized
589
608
Prepared
30
608
Aligned
29
29
Invalid removed
Likely range of correlation
R²(i)
4%
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
-6 months
Correlation at this shift
+42%
+23% stronger than no-shift baseline
Total Vehicle Sales shifted 6 months later. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with Total Vehicle Sales 6 months ago?"
15 overlapping points at this shift
Baseline
-19%
No-shift correlation, matching the main time-series chart above.
Peak shift
-6 months
+42%
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%
12 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-64%
11 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
580
A: 1 / B: 579
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 589 raw → 30 prepared
Series B
Total Vehicle Sales
TOTALSA
FRED · 608 raw → 608 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
10
Estimated crossover points between normalized spreads.
Slope
-0.0352
Linear regression slope.
Intercept
0.0055
Linear regression intercept.
Saved 5 months ago · ID: fred-totalsa_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.