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Xometry, Inc. Class A Common Stock (XMTR) vs M2 Money Supply
Correlation
of % moves
+38%
In sync
of periods
59%
History
monthsmonths · through 2026-08
60
These move in the same direction about 59% of the time
Their swing sizes only faintly line up (~15% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
59%
Headline metric
Movement correlation(i)
+38%
Based on % moves
95% CI
+14% → +58%
Likely range of correlation
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,254
812
Normalized
1,254
812
Prepared
61
812
Aligned
60
60
Invalid removed
R²(i)
15%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points(i)
59
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
No shift
Correlation at this shift
+38%
No shift — both series at their actual dates.
59 overlapping points at this shift
Baseline
+38%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+38%
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
+56%
25 periods · Return correlation when both series rose
Both Falling
+69%
10 periods · Return correlation when both series fell
Diverging
-57%
24 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
753
A: 1 / B: 752
Series A
Xometry, Inc. Class A Common Stock (XMTR)
XMTR
Stock · 1,254 raw → 61 prepared
Series B
M2 Money Supply
M2SL
FRED · 812 raw → 812 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0072
Linear regression slope.
Intercept
0.0017
Linear regression intercept.
Saved 5 months ago · ID: fred-m2sl_stock-xmtr_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.