Loading market view
Loading market view
Loading correlations
Block, Inc. (XYZ) vs NASDAQ Composite
Correlation
of % moves
+56%
In sync
of periods
72%
History
daysdays · through 2026-07-07
366
These move in the same direction about 72% of the time
Their swing sizes loosely line up (~31% 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
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)
72%
Headline metric
Movement correlation(i)
+56%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
366 paired data points survived the daily window.
Raw input
368
13,971
Normalized
368
13,971
Prepared
368
13,971
Aligned
366
366
Invalid removed
31%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
365
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
+56%
No shift — both series at their actual dates.
365 overlapping points at this shift
Baseline
+56%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+56%
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
+46%
97 periods · Return correlation when both series rose
Both Falling
+50%
77 periods · Return correlation when both series fell
Diverging
-59%
75 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,607
A: 2 / B: 13605
Series A
Block, Inc. (XYZ)
XYZ
Stock · 368 raw → 368 prepared
Series B
NASDAQ Composite
NASDAQCOM
FRED · 13,971 raw → 13,971 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
0.2353
Linear regression slope.
Intercept
0.0008
Linear regression intercept.
Saved 3 months ago · ID: fred-nasdaqcom_stock-xyz_daily_5y