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Wolfspeed, Inc. (WOLF) vs Monetary Base
Correlation
of % moves
-18%
In sync
of periods
53%
History
monthsmonths · through 2026-08
59
These move in the same direction about 53% of the time
Their swing sizes only faintly mirror each other (~3% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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.
WOLF moves ~11 months before Monetary Base
Watch WOLF for an early read on Monetary Base.
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.
Explore
Advanced
Statistics
In sync(i)
53%
Headline metric
Movement correlation(i)
-18%
Based on % moves
95% CI
-41% → +9%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,248
812
Normalized
1,248
812
Prepared
60
812
Aligned
59
59
Invalid removed
R²(i)
3%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
58
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
+11 months
Correlation at this shift
-30%
+12% stronger than no-shift baseline
Monetary Base shifted 11 months earlier. Reads: "Does Wolfspeed, Inc. (WOLF) today line up with Monetary Base 11 months from now?"
47 overlapping points at this shift
Baseline
-18%
No-shift correlation, matching the main time-series chart above.
Peak shift
+11 months
-30%
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%
11 periods · Return correlation when both series rose
Both Falling
+66%
20 periods · Return correlation when both series fell
Diverging
-58%
27 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
754
A: 1 / B: 753
Series A
Wolfspeed, Inc. (WOLF)
WOLF
Stock · 1,248 raw → 60 prepared
Series B
Monetary Base
BOGMBASE
FRED · 812 raw → 812 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.0074
Linear regression slope.
Intercept
-0.0029
Linear regression intercept.
Saved 5 months ago · ID: fred-bogmbase_stock-wolf_monthly_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.