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Correlation
of % moves
-29%
In sync
of periods
37%
History
daysdays · through 2026-06-05
1,239
These move in the same direction about 37% of the time
Their swing sizes only faintly mirror each other (~9% 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
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
37.0%
Headline metric
Movement correlation(i)
-29%
Based on % moves
95% CI
-34% → -24%
Likely range of correlation
Pipeline
Pipeline Summary
1,239 paired data points survived the daily window.
Raw input
1,243
9,202
Normalized
1,243
9,202
Prepared
1,243
9,202
Aligned
1,239
1,239
Invalid removed
R²(i)
8.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,239
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
-29%
No shift — both series at their actual dates.
1,238 overlapping points at this shift
Baseline
-29%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-29%
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
-11%
35 periods · Return correlation when both series rose
Both Falling
-20%
45 periods · Return correlation when both series fell
Diverging
-38%
54 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
7,967
A: 4 / B: 7963
Series A
Xometry, Inc. Class A Common Stock (XMTR)
XMTR
Stock · 1,243 raw → 1,243 prepared
Series B
VIX
VIXCLS
FRED · 9,202 raw → 9,202 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
66
Estimated crossover points between normalized spreads.
Slope
-0.4310
Linear regression slope.
Intercept
0.0002
Linear regression intercept.
Saved last month · ID: fred-vixcls_stock-xmtr_daily_5y