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Velo3D, Inc. Common stock (VELO) vs Total Consumer Credit
Correlation
of % moves
-31%
In sync
of periods
64%
History
monthsmonths · through 2026-05
27
These move in the same direction about 64% of the time
Their swing sizes only faintly mirror each other (~10% 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 Total Consumer Credit
Watch VELO for an early read on Total Consumer Credit.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
64%
Headline metric
Movement correlation(i)
-31%
Based on % moves
95% CI
-63% → +10%
Pipeline
Pipeline Summary
27 paired data points survived the monthly window.
Raw input
588
1,001
Normalized
588
1,001
Prepared
30
1,001
Aligned
27
27
Invalid removed
Likely range of correlation
R²(i)
10%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
25
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: -7 to 7 months.
Selected shift
+7 months
Correlation at this shift
-66%
+35% stronger than no-shift baseline
Total Consumer Credit shifted 7 months earlier. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with Total Consumer Credit 7 months from now?"
11 overlapping points at this shift
Baseline
-31%
No-shift correlation, matching the main time-series chart above.
Peak shift
+7 months
-66%
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
-67%
16 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-14%
9 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
977
A: 3 / B: 974
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 588 raw → 30 prepared
Series B
Total Consumer Credit
TOTALSL
FRED · 1,001 raw → 1,001 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0032
Linear regression slope.
Intercept
0.0047
Linear regression intercept.
Saved 3 months ago · ID: fred-totalsl_stock-velo_monthly_5y