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Block, Inc. (XYZ) vs ICE BofA US High Yield Index Effective Yield
Correlation
of % moves
-45%
In sync
of periods
30%
History
daysdays · through 2026-08-31
405
These move in the same direction about 30% of the time
Their swing sizes loosely mirror each other (~20% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
30%
Headline metric
Movement correlation(i)
-45%
Based on % moves
95% CI
-52% → -37%
Likely range of correlation
Pipeline
Pipeline Summary
405 paired data points survived the daily window.
Raw input
409
785
Normalized
409
785
Prepared
409
785
Aligned
405
405
Invalid removed
R²(i)
20%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
404
Robust
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
-45%
No shift — both series at their actual dates.
404 overlapping points at this shift
Baseline
-45%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-45%
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
+15%
25 periods · Return correlation when both series rose
Both Falling
+0%
32 periods · Return correlation when both series fell
Diverging
-66%
192 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
384
A: 4 / B: 380
Series A
Block, Inc. (XYZ)
XYZ
Stock · 409 raw → 409 prepared
Series B
ICE BofA US High Yield Index Effective Yield
BAMLH0A0HYM2EY
FRED · 785 raw → 785 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
16
Estimated crossover points between normalized spreads.
Slope
-0.1387
Linear regression slope.
Intercept
0.0000
Linear regression intercept.
Saved 4 months ago · ID: fred-bamlh0a0hym2ey_stock-xyz_daily_5y