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Correlation
of values
+44%
In sync
of periods
58%
History
monthsmonths · through 2026-06
666
These move in the same direction about 58% of the time
Their swing sizes loosely line up (~19% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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
Aaa Corporate Bond Yield moves ~16 months before USD/DKK Exchange Rate
Watch Aaa Corporate Bond Yield for an early read on USD/DKK Exchange Rate.
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)
58%
Headline metric
Movement correlation(i)
+44%
Based on values
95% CI
+37% → +50%
Likely range of correlation
Pipeline
Pipeline Summary
666 paired data points survived the monthly window.
Raw input
1,290
13,931
Normalized
1,290
13,931
Prepared
1,290
667
Aligned
666
666
Invalid removed
R²(i)
19%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
666
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
+16 months
Correlation at this shift
+52%
+8% stronger than no-shift baseline
USD/DKK Exchange Rate shifted 16 months earlier. Reads: "Does Aaa Corporate Bond Yield today line up with USD/DKK Exchange Rate 16 months from now?"
650 overlapping points at this shift
Baseline
+44%
No-shift correlation, matching the main time-series chart above.
Peak shift
+16 months
+52%
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
+50%
11 periods · Return correlation when both series rose
Both Falling
+48%
6 periods · Return correlation when both series fell
Diverging
-67%
15 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
625
A: 624 / B: 1
Series A
Aaa Corporate Bond Yield
AAA
FRED · 1,290 raw → 1,290 prepared
Series B
USD/DKK Exchange Rate
DEXDNUS
FRED · 13,931 raw → 667 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
14
Estimated crossover points between normalized spreads.
Slope
0.1832
Linear regression slope.
Intercept
5.3314
Linear regression intercept.
Saved 3 months ago · ID: fred-aaa_fred-dexdnus_monthly_5y