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Correlation
of values
+56%
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 (~31% 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)
+56%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
745 paired data points survived the daily window.
Raw input
785
11,416
Normalized
785
11,416
Prepared
785
11,416
Aligned
745
745
Invalid removed
31%
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
+56%
No shift — both series at their actual dates.
745 overlapping points at this shift
Baseline
+56%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+56%
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
+29%
59 periods · Return correlation when both series rose
Both Falling
+36%
71 periods · Return correlation when both series fell
Diverging
-54%
111 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
10,711
A: 40 / B: 10671
Series A
ICE BofA BBB US Corporate Index Option-Adjusted Spread
BAMLC0A4CBBB
FRED · 785 raw → 785 prepared
Series B
USD/SGD Exchange Rate
DEXSIUS
FRED · 11,416 raw → 11,416 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
0.0956
Linear regression slope.
Intercept
1.2081
Linear regression intercept.
Saved 3 months ago · ID: fred-bamlc0a4cbbb_fred-dexsius_daily_5y