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Correlation
of values
+65%
In sync
of periods
47%
History
monthsmonths · through 2026-04
506
These move in the same direction about 47% of the time
Their swing sizes loosely line up (~42% 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
Spot Crude Oil Price: West Texas Intermediate moves ~13 months before Average Price: Ground Beef, 100% Beef
Watch Spot Crude Oil Price: West Texas Intermediate 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)
47.3%
Headline metric
Movement correlation(i)
+65%
Based on values
95% CI
+60% → +70%
Likely range of correlation
Pipeline
Pipeline Summary
506 paired data points survived the monthly window.
Raw input
506
965
Normalized
506
965
Prepared
506
965
Aligned
506
506
Invalid removed
R²(i)
42.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
506
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
-13 months
Correlation at this shift
+71%
+6% stronger than no-shift baseline
Spot Crude Oil Price: West Texas Intermediate shifted 13 months later. Reads: "Does Average Price: Ground Beef, 100% Beef today line up with Spot Crude Oil Price: West Texas Intermediate 13 months ago?"
474 overlapping points at this shift
Baseline
+65%
No-shift correlation, matching the main time-series chart above.
Peak shift
-13 months
+71%
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
+10%
17 periods · Return correlation when both series rose
Both Falling
+46%
15 periods · Return correlation when both series fell
Diverging
-45%
35 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
459
A: 0 / B: 459
Series A
Average Price: Ground Beef, 100% Beef
APU0000703112
FRED · 506 raw → 506 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 965 raw → 965 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
19
Estimated crossover points between normalized spreads.
Slope
13.8525
Linear regression slope.
Intercept
11.5282
Linear regression intercept.
Saved last month · ID: fred-apu0000703112_fred-wtisplc_monthly_5y