Correlation
of values
+75%
In sync
of periods
48%
History
daysdays · through 2026-01-01
269
These move in the same direction about 48% of the time
When one swings, the other often swings by a similar amount (~56% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
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.
Explore
Advanced
Statistics
In sync(i)
47.9%
Headline metric
Movement correlation(i)
+75%
Based on values
95% CI
+69% → +80%
Likely range of correlation
Pipeline
Pipeline Summary
269 paired data points survived the daily window.
Raw input
807
317
Normalized
807
317
Prepared
807
317
Aligned
269
269
Invalid removed
R²(i)
55.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
269
Robust
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+75%
No shift — both series at their actual dates.
269 overlapping points at this shift
Baseline
+75%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+75%
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
+39%
105 periods · Return correlation when both series rose
Both Falling
-12%
15 periods · Return correlation when both series fell
Diverging
-69%
129 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
586
A: 538 / B: 48
Series A
Bank Reserves
TOTRESNS
FRED · 807 raw → 807 prepared
Series B
Real gross domestic product per capita
A939RX0Q048SBEA
FRED · 317 raw → 317 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
9.8167
Linear regression slope.
Intercept
35891.9548
Linear regression intercept.
Saved 4 days ago · ID: fred-a939rx0q048sbea_fred-totresns_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.