Correlation
of values
-35%
In sync
of periods
54%
History
monthsmonths · through 2026-04
664
These move opposite each other about 54% of the time
Their swing sizes only faintly mirror each other (~12% 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
USD/NOK Exchange Rate moves ~18 months before Aaa Corporate Bond Yield
Watch USD/NOK Exchange Rate for an early read on Aaa Corporate Bond Yield.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
54.1%
Headline metric
Movement correlation(i)
-35%
Based on values
95% CI
-41% → -28%
Likely range of correlation
Pipeline
Pipeline Summary
664 paired data points survived the monthly window.
Raw input
1,288
13,869
Normalized
1,288
13,869
Prepared
1,288
664
Aligned
664
664
Invalid removed
R²(i)
12.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
664
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
-41%
+6% stronger than no-shift baseline
USD/NOK Exchange Rate shifted 18 months later. Reads: "Does Aaa Corporate Bond Yield today line up with USD/NOK Exchange Rate 18 months ago?"
646 overlapping points at this shift
Baseline
-35%
No-shift correlation, matching the main time-series chart above.
Peak shift
-18 months
-41%
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
-14%
73 periods · Return correlation when both series rose
Both Falling
+13%
84 periods · Return correlation when both series fell
Diverging
-60%
92 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
624
A: 624 / B: 0
Series A
Aaa Corporate Bond Yield
AAA
FRED · 1,288 raw → 1,288 prepared
Series B
USD/NOK Exchange Rate
DEXNOUS
FRED · 13,869 raw → 664 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.1863
Linear regression slope.
Intercept
8.4095
Linear regression intercept.
Saved 4 days ago · ID: fred-aaa_fred-dexnous_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.