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Veralto Corporation (VLTO) vs PPI: All Commodities
Correlation
of % moves
-41%
In sync
of periods
42%
History
monthsmonths · through 2026-05
32
These move in the same direction about 42% of the time
Their swing sizes loosely mirror each other (~16% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
PPI: All Commodities moves ~9 months before VLTO
Watch PPI: All Commodities for an early read on VLTO.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
42%
Headline metric
Movement correlation(i)
-41%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
32 paired data points survived the monthly window.
Raw input
694
1,361
Normalized
694
1,361
Prepared
34
1,361
Aligned
32
32
Invalid removed
16%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
31
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
-9 months
Correlation at this shift
-55%
+15% stronger than no-shift baseline
PPI: All Commodities shifted 9 months later. Reads: "Does Veralto Corporation (VLTO) today line up with PPI: All Commodities 9 months ago?"
22 overlapping points at this shift
Baseline
-41%
No-shift correlation, matching the main time-series chart above.
Peak shift
-9 months
-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
-1%
8 periods · Return correlation when both series rose
Both Falling
-39%
5 periods · Return correlation when both series fell
Diverging
-66%
18 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,331
A: 2 / B: 1329
Series A
Veralto Corporation (VLTO)
VLTO
Stock · 694 raw → 34 prepared
Series B
PPI: All Commodities
PPIACO
FRED · 1,361 raw → 1,361 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
-0.0936
Linear regression slope.
Intercept
0.0049
Linear regression intercept.
Saved 3 months ago · ID: fred-ppiaco_stock-vlto_monthly_5y