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Zoom Communications, Inc. Class A Common Stock (ZM) vs Sticky Price CPI
Correlation
of % moves
-43%
In sync
of periods
37%
History
monthsmonths · through 2026-04
60
These move in the same direction about 37% of the time
Their swing sizes loosely mirror each other (~19% 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.
ZM moves ~1 month before Sticky Price CPI
Watch ZM for an early read on Sticky Price CPI.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
37.3%
Headline metric
Movement correlation(i)
-43%
Based on % moves
95% CI
-62% → -20%
Likely range of correlation
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,254
700
Normalized
1,254
700
Prepared
61
700
Aligned
60
60
Invalid removed
R²(i)
18.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
60
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
+1 month
Correlation at this shift
-51%
+8% stronger than no-shift baseline
Sticky Price CPI shifted 1 month earlier. Reads: "Does Zoom Communications, Inc. Class A Common Stock (ZM) today line up with Sticky Price CPI 1 month from now?"
58 overlapping points at this shift
Baseline
-43%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 month
-51%
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
+73%
6 periods · Return correlation when both series rose
Both Falling
-24%
16 periods · Return correlation when both series fell
Diverging
-64%
37 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
641
A: 1 / B: 640
Series A
Zoom Communications, Inc. Class A Common Stock (ZM)
ZM
Stock · 1,254 raw → 61 prepared
Series B
Sticky Price CPI
CORESTICKM159SFRBATL
FRED · 700 raw → 700 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.2296
Linear regression slope.
Intercept
-0.0023
Linear regression intercept.
Saved 2 weeks ago · ID: fred-corestickm159sfrbatl_stock-zm_monthly_5y