Loading market view
Loading market view
Loading correlations
Correlation
of values
-59%
In sync
of periods
43%
History
daysdays · through 2026-05-15
745
These move in the same direction about 43% of the time
Their swing sizes loosely mirror each other (~35% 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)
43.0%
Headline metric
Movement correlation(i)
-59%
Based on values
95% CI
-63% → -54%
Likely range of correlation
Pipeline
Pipeline Summary
745 paired data points survived the daily window.
Raw input
786
13,879
Normalized
786
13,879
Prepared
786
13,879
Aligned
745
745
Invalid removed
R²(i)
34.6%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
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
-59%
No shift — both series at their actual dates.
745 overlapping points at this shift
Baseline
-59%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-59%
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
+9%
41 periods · Return correlation when both series rose
Both Falling
+25%
45 periods · Return correlation when both series fell
Diverging
-72%
152 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,175
A: 41 / B: 13134
Series A
ICE BofA BBB US Corporate Index Option-Adjusted Spread
BAMLC0A4CBBB
FRED · 786 raw → 786 prepared
Series B
USD/JPY Exchange Rate
DEXJPUS
FRED · 13,879 raw → 13,879 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
29
Estimated crossover points between normalized spreads.
Slope
-15.5743
Linear regression slope.
Intercept
168.8090
Linear regression intercept.
Saved 3 weeks ago · ID: fred-bamlc0a4cbbb_fred-dexjpus_daily_5y