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Correlation
of values
+41%
In sync
of periods
54%
History
daysdays · through 2026-07-02
745
These move in the same direction about 54% of the time
Their swing sizes loosely line up (~17% 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.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
54%
Headline metric
Movement correlation(i)
+41%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
745 paired data points survived the daily window.
Raw input
785
13,916
Normalized
785
13,916
Prepared
785
13,916
Aligned
745
745
Invalid removed
17%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
745
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
+41%
No shift — both series at their actual dates.
745 overlapping points at this shift
Baseline
+41%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+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
-10%
53 periods · Return correlation when both series rose
Both Falling
+11%
78 periods · Return correlation when both series fell
Diverging
-36%
110 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,211
A: 40 / B: 13171
Series A
ICE BofA BBB US Corporate Index Option-Adjusted Spread
BAMLC0A4CBBB
FRED · 785 raw → 785 prepared
Series B
USD/DKK Exchange Rate
DEXDNUS
FRED · 13,916 raw → 13,916 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
0.5971
Linear regression slope.
Intercept
6.0287
Linear regression intercept.
Saved 3 months ago · ID: fred-bamlc0a4cbbb_fred-dexdnus_daily_5y