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Correlation
of values
+47%
In sync
of periods
54%
History
daysdays · through 2026-07-24
743
These move in the same direction about 54% of the time
Their swing sizes loosely line up (~22% 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)
54%
Headline metric
Movement correlation(i)
+47%
Based on values
95% CI
+41% → +52%
Likely range of correlation
Pipeline
Pipeline Summary
743 paired data points survived the daily window.
Raw input
786
13,931
Normalized
786
13,931
Prepared
786
13,931
Aligned
743
743
Invalid removed
R²(i)
22%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
743
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+47%
No shift — both series at their actual dates.
743 overlapping points at this shift
Baseline
+47%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+47%
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
+13%
52 periods · Return correlation when both series rose
Both Falling
+10%
65 periods · Return correlation when both series fell
Diverging
-57%
119 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,231
A: 43 / B: 13188
Series A
IG Bond Spread
BAMLC0A0CM
FRED · 786 raw → 786 prepared
Series B
USD/DKK Exchange Rate
DEXDNUS
FRED · 13,931 raw → 13,931 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
20
Estimated crossover points between normalized spreads.
Slope
0.8438
Linear regression slope.
Intercept
5.9417
Linear regression intercept.
Saved 3 months ago · ID: fred-bamlc0a0cm_fred-dexdnus_daily_5y