vs SPX +0.42 · vs GOLD +0.19 · vs SILVER +0.15
Scroll or drag to move the time axis · hold shift for the value axis · drag either slider
align-v1 · breadth-v1 · Rolling 365-session correlation of daily log RETURNS, on a shared trading calendar — the assets do not all trade every day, and returns taken across a weekend the other market slept through are not the same interval. Correlating price LEVELS instead would measure two trends and report it as a relationship. A window this long is stable but slow: it is still carrying observations from a year ago, so read the level, not the last week of it.
vs SPX +0.42 · vs GOLD +0.19 · vs SILVER +0.15
Every value plotted for a past date could have been computed on that date. Normalised series expand their window rather than scaling against the full history, so nothing here is drawn using information that did not exist yet — which is also why the early years of a normalised series are dropped rather than shown against a range of one.