Loading market view
Loading market view
Loading correlations
Correlation
of values
-71%
In sync
of periods
48%
History
monthsmonths · through 2026-05
507
These move in the same direction about 48% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~50% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Aaa Corporate Bond Yield moves ~18 months before Average Price: Ground Beef, 100% Beef
Watch Aaa Corporate Bond Yield for an early read on Average Price: Ground Beef, 100% Beef.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Advanced
Statistics
In sync(i)
48%
Headline metric
Movement correlation(i)
-71%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
507 paired data points survived the monthly window.
Raw input
507
1,290
Normalized
507
1,290
Prepared
507
1,290
Aligned
507
507
Invalid removed
50%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
507
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: -18 to 18 months.
Selected shift
-18 months
Correlation at this shift
-79%
+9% stronger than no-shift baseline
Aaa Corporate Bond Yield shifted 18 months later. Reads: "Does Average Price: Ground Beef, 100% Beef today line up with Aaa Corporate Bond Yield 18 months ago?"
464 overlapping points at this shift
Baseline
-71%
No-shift correlation, matching the main time-series chart above.
Peak shift
-18 months
-79%
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
-8%
18 periods · Return correlation when both series rose
Both Falling
+35%
24 periods · Return correlation when both series fell
Diverging
-37%
29 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
783
A: 0 / B: 783
Series A
Average Price: Ground Beef, 100% Beef
APU0000703112
FRED · 507 raw → 507 prepared
Series B
Aaa Corporate Bond Yield
AAA
FRED · 1,290 raw → 1,290 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
-1.2098
Linear regression slope.
Intercept
9.4014
Linear regression intercept.
Saved 3 months ago · ID: fred-aaa_fred-apu0000703112_monthly_5y