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Correlation
of values
-69%
In sync
of periods
53%
History
monthsmonths · through 2026-06
546
These move in the same direction about 53% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~48% 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
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
53%
Headline metric
Movement correlation(i)
-69%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
546 paired data points survived the monthly window.
Raw input
1,290
11,357
Normalized
1,290
11,357
Prepared
1,290
547
Aligned
546
546
Invalid removed
48%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
546
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
No shift
Correlation at this shift
-69%
No shift — both series at their actual dates.
546 overlapping points at this shift
Baseline
-69%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-69%
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%
14 periods · Return correlation when both series rose
Both Falling
-2%
17 periods · Return correlation when both series fell
Diverging
-1%
34 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
745
A: 744 / B: 1
Series A
Aaa Corporate Bond Yield
AAA
FRED · 1,290 raw → 1,290 prepared
Series B
USD/CNY Exchange Rate
DEXCHUS
FRED · 11,357 raw → 547 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.4737
Linear regression slope.
Intercept
9.4750
Linear regression intercept.
Saved 3 months ago · ID: fred-aaa_fred-dexchus_monthly_5y