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Xometry, Inc. Class A Common Stock (XMTR) vs Spot Crude Oil Price: West Texas Intermediate
Correlation
of % moves
-23%
In sync
of periods
47%
History
monthsmonths · through 2026-08
60
These move in the same direction about 47% of the time
Their swing sizes only faintly mirror each other (~5% 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
Spot Crude Oil Price: West Texas Intermediate moves ~9 months before XMTR
Watch Spot Crude Oil Price: West Texas Intermediate for an early read on XMTR.
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)
47%
Headline metric
Movement correlation(i)
-23%
Based on % moves
95% CI
-46% → +2%
Likely range of correlation
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,253
968
Normalized
1,253
968
Prepared
61
968
Aligned
60
60
Invalid removed
R²(i)
5%
Variance explained
Significance
n.s.
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
-9 months
Correlation at this shift
-30%
+7% stronger than no-shift baseline
Spot Crude Oil Price: West Texas Intermediate shifted 9 months later. Reads: "Does Xometry, Inc. Class A Common Stock (XMTR) today line up with Spot Crude Oil Price: West Texas Intermediate 9 months ago?"
50 overlapping points at this shift
Baseline
-23%
No-shift correlation, matching the main time-series chart above.
Peak shift
-9 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
-18%
15 periods · Return correlation when both series rose
Both Falling
-5%
13 periods · Return correlation when both series fell
Diverging
-73%
31 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
909
A: 1 / B: 908
Series A
Xometry, Inc. Class A Common Stock (XMTR)
XMTR
Stock · 1,253 raw → 61 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 968 raw → 968 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
-0.0901
Linear regression slope.
Intercept
0.0034
Linear regression intercept.
Saved 5 months ago · ID: fred-wtisplc_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.