Loading market view
Loading market view
Loading correlations
Venture Global, Inc. (VG) vs ICE BofA BBB US Corporate Index Option-Adjusted Spread
Correlation
of % moves
-22%
In sync
of periods
45%
History
daysdays · through 2026-07-06
362
These move in the same direction about 45% 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
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
45%
Headline metric
Movement correlation(i)
-22%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
362 paired data points survived the daily window.
Raw input
624
785
Normalized
624
785
Prepared
624
785
Aligned
362
362
Invalid removed
5%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
361
Robust
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
-22%
No shift — both series at their actual dates.
361 overlapping points at this shift
Baseline
-22%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-22%
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
+9%
36 periods · Return correlation when both series rose
Both Falling
+45%
51 periods · Return correlation when both series fell
Diverging
-50%
162 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
685
A: 262 / B: 423
Series A
Venture Global, Inc. (VG)
VG
Stock · 624 raw → 624 prepared
Series B
ICE BofA BBB US Corporate Index Option-Adjusted Spread
BAMLC0A4CBBB
FRED · 785 raw → 785 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
-0.0605
Linear regression slope.
Intercept
-0.0003
Linear regression intercept.
Saved 3 months ago · ID: fred-bamlc0a4cbbb_stock-vg_daily_5y