Loading market view
Loading market view
Loading correlations
Weyerhaeuser Company (WY) vs ICE BofA US High Yield Index Effective Yield
Correlation
of % moves
-50%
In sync
of periods
36%
History
daysdays · through 2026-05-20
752
These move opposite each other about 36% of the time
Their swing sizes loosely mirror each other (~25% 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 tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
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)
35.7%
Headline metric
Movement correlation(i)
-50%
Based on % moves
95% CI
-55% → -44%
Likely range of correlation
Pipeline
Pipeline Summary
752 paired data points survived the daily window.
Raw input
1,254
786
Normalized
1,254
786
Prepared
1,254
786
Aligned
752
752
Invalid removed
R²(i)
24.7%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
752
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
-50%
No shift — both series at their actual dates.
751 overlapping points at this shift
Baseline
-50%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-50%
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
-4%
36 periods · Return correlation when both series rose
Both Falling
-10%
43 periods · Return correlation when both series fell
Diverging
-77%
170 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
536
A: 502 / B: 34
Series A
Weyerhaeuser Company (WY)
WY
Stock · 1,254 raw → 1,254 prepared
Series B
ICE BofA US High Yield Index Effective Yield
BAMLH0A0HYM2EY
FRED · 786 raw → 786 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
18
Estimated crossover points between normalized spreads.
Slope
-0.3313
Linear regression slope.
Intercept
-0.0004
Linear regression intercept.
Saved 2 weeks ago · ID: fred-bamlh0a0hym2ey_stock-wy_daily_5y