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Wolfspeed, Inc. (WOLF) vs Bank Reserves
Correlation
of % moves
-19%
In sync
of periods
52%
History
monthsmonths · through 2026-06
57
These move in the same direction about 52% of the time
Their swing sizes only faintly mirror each other (~4% 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 ~12 months before Bank Reserves
Watch WOLF for an early read on Bank Reserves.
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.
Advanced
Statistics
In sync(i)
52%
Headline metric
Movement correlation(i)
-19%
Based on % moves
95% CI
-44% → +7%
Likely range of correlation
Pipeline
Pipeline Summary
57 paired data points survived the monthly window.
Raw input
1,220
810
Normalized
1,220
810
Prepared
59
810
Aligned
57
57
Invalid removed
R²(i)
4%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
56
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
+12 months
Correlation at this shift
+24%
+5% stronger than no-shift baseline
Bank Reserves shifted 12 months earlier. Reads: "Does Wolfspeed, Inc. (WOLF) today line up with Bank Reserves 12 months from now?"
44 overlapping points at this shift
Baseline
-19%
No-shift correlation, matching the main time-series chart above.
Peak shift
+12 months
+24%
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%
18 periods · Return correlation when both series fell
Diverging
-60%
27 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
755
A: 2 / B: 753
Series A
Wolfspeed, Inc. (WOLF)
WOLF
Stock · 1,220 raw → 59 prepared
Series B
Bank Reserves
TOTRESNS
FRED · 810 raw → 810 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.0138
Linear regression slope.
Intercept
-0.0057
Linear regression intercept.
Saved 3 months ago · ID: fred-totresns_stock-wolf_monthly_5y