Correlation
of % moves
+45%
In sync
of periods
64%
History
daysdays · through 2026-05-01
1,018
These move in the same direction about 64% of the time
Their swing sizes loosely line up (~20% 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
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.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Explore
Advanced
Statistics
Approximate (legacy record)In sync(i)
64.3%
Headline metric
Movement correlation(i)
+45%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
1,018 paired data points survived the daily window.
Raw input
1,022
13,927
Normalized
1,022
13,927
Prepared
1,022
13,927
Aligned
1,018
1,018
Invalid removed
R²(i)
19.9%
Variance explained
Significance
N/A
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
+45%
No shift — both series at their actual dates.
249 overlapping points at this shift
Baseline
+45%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+45%
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%
95 periods · Return correlation when both series rose
Both Falling
+40%
85 periods · Return correlation when both series fell
Diverging
-41%
69 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
12,913
A: 4 / B: 12909
Series A
WBD
Stock · 1,022 raw → 1,022 prepared
Series B
NASDAQ Composite
NASDAQCOM
FRED · 13,927 raw → 13,927 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.2760
Linear regression slope.
Intercept
0.0024
Linear regression intercept.
Saved 4 days ago · ID: fred-nasdaqcom_stock-wbd_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.