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Correlation
of % moves
-49%
In sync
of periods
31%
History
daysdays · through 2026-09-08
410
These move in the same direction about 31% of the time
Their swing sizes loosely mirror each other (~24% 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
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
31%
Headline metric
Movement correlation(i)
-49%
Based on % moves
95% CI
-56% → -41%
Likely range of correlation
Pipeline
Pipeline Summary
410 paired data points survived the daily window.
Raw input
410
1,253
Normalized
410
1,253
Prepared
410
1,253
Aligned
410
410
Invalid removed
R²(i)
24%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
409
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
-49%
No shift — both series at their actual dates.
409 overlapping points at this shift
Baseline
-49%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-49%
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
-7%
44 periods · Return correlation when both series rose
Both Falling
+7%
56 periods · Return correlation when both series fell
Diverging
-56%
149 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
843
A: 0 / B: 843
Series A
Block, Inc. (XYZ)
XYZ
Stock · 410 raw → 410 prepared
Series B
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX)
VXX
Stock · 1,253 raw → 1,253 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
22
Estimated crossover points between normalized spreads.
Slope
-0.6093
Linear regression slope.
Intercept
-0.0022
Linear regression intercept.
Saved 4 months ago · ID: stock-vxx_stock-xyz_daily_5y