Correlation Analysis
Canadian Dollars to U.S. Dollar Spot Exchange Rate vs Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma
DEXCAUS vs MCOILWTICO
-0.604
Moderate inverse
When one moves up, the other tends to move down.
AI Analysis
The negative correlation between Series A (DEXCAUS) and Series B (MCOILWTICO) suggests that as one series increases, the other tends to decrease, indicating an inverse relationship that could impact investment strategies. With about a third of the variability explained by this relationship and a significant timing offset, investors should consider that fluctuations in oil prices could influence economic activity, though the correlation is not strong enough to rely on for precise predictions. Caution is warranted, as this correlation is based on historical data and may not hold in future market conditions.
Timing Offset
in sync
DEXCAUS and MCOILWTICO tend to move at the same time.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: -0.570 (13 lags scanned)
R-Squared
32.5%
Share of variance in one series explained by the other.
Trend Agreement
22.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
483
Robust shared window — 483 usable pairs.
Significance
p < 0.001
95% CI: [-0.757, -0.297] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
483 paired observations survived the weekly window.
Raw input
13,856
483
Normalized
13,856
483
Prepared
2,882
483
Aligned
483
483
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,399
A: 2399 / B: 0
Series A
DEXCAUS
Canadian Dollars to U.S. Dollar Spot Exchange Rate
FRED · 13,856 raw → 2,882 prepared
Series B
MCOILWTICO
Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma
FRED · 483 raw → 483 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-107.1213
Linear regression slope.
Intercept
186.8219
Linear regression intercept.
Saved 13 hours ago · ID: fred-dexcaus-vs-fred-mcoilwtico-weekly-20260406-o7hd6c