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Correlation
of values
+53%
In sync
of periods
57%
History
monthsmonths · through 2026-05
665
These move in the same direction about 57% of the time
Their swing sizes loosely line up (~28% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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)
57.0%
Headline metric
Movement correlation(i)
+53%
Based on values
95% CI
+47% → +58%
Likely range of correlation
Pipeline
Pipeline Summary
665 paired data points survived the monthly window.
Raw input
2,891
1,289
Normalized
2,891
1,289
Prepared
665
1,289
Aligned
665
665
Invalid removed
R²(i)
27.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
665
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
+53%
No shift — both series at their actual dates.
665 overlapping points at this shift
Baseline
+53%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+53%
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
+33%
9 periods · Return correlation when both series rose
Both Falling
-29%
15 periods · Return correlation when both series fell
Diverging
-65%
12 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
624
A: 0 / B: 624
Series A
Chicago Financial Conditions
NFCI
FRED · 2,891 raw → 665 prepared
Series B
Aaa Corporate Bond Yield
AAA
FRED · 1,289 raw → 1,289 prepared
Sign agreement
29.5%
How often both values share the same sign.
Zero crossings
12
Estimated crossover points between normalized spreads.
Slope
1.4658
Linear regression slope.
Intercept
7.0666
Linear regression intercept.
Saved 2 months ago · ID: fred-aaa_fred-nfci_monthly_5y