SeriesMagCorrSyncOverlapThrough
Correlation
+42%
of % moves
In sync
64%
of periods
History
1,018
days · through 2026-05-01
These move in the same direction about 64% of the time
Their swing sizes loosely line up (~18% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Time Series
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 looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
63.7%
Headline metric
Movement correlation(i)
+42%
Based on % moves
95% CI
+37% → +47%
Likely range of correlation
Pipeline
Pipeline Summary
1,018 paired data points survived the daily window.
Raw input
1,019
2,515
Normalized
1,019
2,515
Prepared
1,019
2,515
Aligned
1,018
1,018
Invalid removed
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
R²(i)
17.7%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,018
Deep
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
+42%
No shift — both series at their actual dates.
1,018 overlapping points at this shift
Baseline
+42%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+42%
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
+19%
97 periods · Return correlation when both series rose
Both Falling
+50%
86 periods · Return correlation when both series fell
Diverging
-52%
66 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,498
A: 1 / B: 1497
Series A
WBD
Stock · 1,019 raw → 1,019 prepared
Series B
Dow Jones Industrial Average
DJIA
FRED · 2,515 raw → 2,515 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
19
Estimated crossover points between normalized spreads.
Slope
402.2912
Linear regression slope.
Intercept
33529.3973
Linear regression intercept.
Saved yesterday · ID: fred-djia_stock-wbd_5y