CP Canadian Pacific Kansas City Limited

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

CP vs CNI

Both indexed to 100 at 2026-05-11.

CP CNI · range 99–119 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

CNI Canadian National Railway

ρ +0.79beyond mkt +0.67holdout +0.80stable 100%robust

EWC iShares MSCI Canada ETF

ρ +0.55beyond mkt +0.35holdout +0.46stable 100%robust

UNP Union Pacific Corp.

ρ +0.56beyond mkt +0.33holdout +0.63stable 100%robust

TFII TFI International Inc.

ρ +0.55beyond mkt +0.32holdout +0.54stable 100%robust

CSX CSX Corporation Common Stock

ρ +0.55beyond mkt +0.30holdout +0.59stable 100%robust

NSC Norfolk Southern Corp.

ρ +0.54beyond mkt +0.27holdout +0.60stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.31beyond mkt +0.07holdout -0.20stable 75%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.61recent -0.41prior +0.21beyond mkt +0.03

TS Tenaris S. A.

Δ -0.59recent -0.32prior +0.27beyond mkt -0.04

ODC Oil-Dri Corporation of America

Δ -0.58recent -0.23prior +0.35beyond mkt +0.07

MTRN Materion Corporation

Δ -0.58recent -0.18prior +0.40beyond mkt -0.01

CRDF Cardiff Oncology, Inc. Common Stock

Δ -0.56recent -0.32prior +0.24beyond mkt -0.03

MSM MSC Industrial Direct Co., Inc. Class A

Δ -0.54recent -0.11prior +0.42beyond mkt +0.01

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
CNI Canadian National Railway	+0.67	+0.79	21