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Correlation
of % moves
-39%
In sync
of periods
37%
History
daysdays · through 2026-07-06
691
These move in the same direction about 37% of the time
Their swing sizes only faintly mirror each other (~15% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
37%
Headline metric
Movement correlation(i)
-39%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
691 paired data points survived the daily window.
Raw input
694
9,223
Normalized
694
9,223
Prepared
694
9,223
Aligned
691
691
Invalid removed
15%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
690
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
-39%
No shift — both series at their actual dates.
690 overlapping points at this shift
Baseline
-39%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-39%
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
-16%
55 periods · Return correlation when both series rose
Both Falling
-8%
53 periods · Return correlation when both series fell
Diverging
-59%
136 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
8,535
A: 3 / B: 8532
Series A
Veralto Corporation (VLTO)
VLTO
Stock · 694 raw → 694 prepared
Series B
VIX
VIXCLS
FRED · 9,223 raw → 9,223 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
24
Estimated crossover points between normalized spreads.
Slope
-2.1651
Linear regression slope.
Intercept
0.0001
Linear regression intercept.
Saved 3 months ago · ID: fred-vixcls_stock-vlto_daily_5y