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Velo3D, Inc. Common stock (VELO) vs Total Consumer Credit
Correlation
of % moves
-22%
In sync
of periods
69%
History
monthsmonths · through 2026-04
28
These move in the same direction about 69% of the time
Their swing sizes only faintly mirror each other (~5% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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
Total Consumer Credit moves ~8 months before VELO
Watch Total Consumer Credit 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.
Advanced
Statistics
In sync(i)
69.2%
Headline metric
Movement correlation(i)
-22%
Based on % moves
95% CI
-56% → +19%
Pipeline
Pipeline Summary
28 paired data points survived the monthly window.
Raw input
590
1,000
Normalized
590
1,000
Prepared
30
1,000
Aligned
28
28
Invalid removed
Likely range of correlation
R²(i)
4.7%
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
+73%
+52% stronger than no-shift baseline
Total Consumer Credit shifted 8 months later. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with Total Consumer Credit 8 months ago?"
10 overlapping points at this shift
Baseline
-22%
No-shift correlation, matching the main time-series chart above.
Peak shift
-8 months
+73%
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
-62%
18 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
+52%
8 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
974
A: 2 / B: 972
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 590 raw → 30 prepared
Series B
Total Consumer Credit
TOTALSL
FRED · 1,000 raw → 1,000 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0021
Linear regression slope.
Intercept
0.0047
Linear regression intercept.
Saved last month · ID: fred-totalsl_stock-velo_monthly_5y