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Valero Energy Corporation (VLO) vs Spot Crude Oil Price: West Texas Intermediate
Correlation
of % moves
+55%
In sync
of periods
73%
History
monthsmonths · through 2026-08
60
These move in the same direction about 73% of the time
Their swing sizes loosely line up (~31% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
73%
Headline metric
Movement correlation(i)
+55%
Based on % moves
95% CI
+35% → +71%
Likely range of correlation
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,253
968
Normalized
1,253
968
Prepared
61
968
Aligned
60
60
Invalid removed
R²(i)
31%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
59
Thin
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+55%
No shift — both series at their actual dates.
59 overlapping points at this shift
Baseline
+55%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+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
+32%
25 periods · Return correlation when both series rose
Both Falling
+52%
18 periods · Return correlation when both series fell
Diverging
-24%
16 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
909
A: 1 / B: 908
Series A
Valero Energy Corporation (VLO)
VLO
Stock · 1,253 raw → 61 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 968 raw → 968 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.5759
Linear regression slope.
Intercept
-0.0130
Linear regression intercept.
Saved 4 months ago · ID: fred-wtisplc_stock-vlo_monthly_5y