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SPY/Oil Correlation

What it is

SPY/Oil Correlation — registry key corr_spy_oil.

Classifier metric. See the bands table below for the band-by-band reading.

Source

Source module: capture
Data source: computed

Derived metric — produced inside the platform (app/signals/capture.py or equivalent) rather than fetched as a raw upstream value. See the How it's computed section below for the formula.

How it’s computed

20-day rolling Pearson correlation of daily SPY returns vs daily USO returns (oil ETF proxy). From daily_signals.spy_close / uso_close. Computed inside capture via app/signals/correlations.py:compute_rolling_correlations (pair spy_oil).

Where it surfaces

• API field: correlations.spy_oil.correlation on GET /api/v1/signals/latest
• Surface: daily_signals row (daily-cadence persistence)
• Surface: /signals/sparklines (UI sparklines)
• Surface: change markers in the rendered report

Bands / thresholds

Classifier direction: range_is_better.

Health-score / alignment role

• Alignment category: correlations, default weight 1.0 (see /kb/alignment for the 11-category framework).
• Contributes to: implication.correlations, alignment.correlations

Release cadence

• Publishes: intraday

See also

• /kb/alignment — Alignment framework — 11-category implication vs. price.
• /kb/api/get-signals-correlations — API endpoint that serves this field.