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Correlation
of values
+56%
In sync
of periods
54%
History
daysdays · through 2026-06-05
746
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)
54.0%
Headline metric
Movement correlation(i)
+56%
Based on values
95% CI
+51% → +61%
Likely range of correlation
Pipeline
Pipeline Summary
746 paired data points survived the daily window.
Raw input
785
11,318
Normalized
785
11,318
Prepared
785
11,318
Aligned
746
746
Invalid removed
R²(i)
31.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
746
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.
746 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
+33%
49 periods · Return correlation when both series rose
Both Falling
+20%
69 periods · Return correlation when both series fell
Diverging
-48%
120 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
10,611
A: 39 / B: 10572
Series A
ICE BofA BBB US Corporate Index Option-Adjusted Spread
BAMLC0A4CBBB
FRED · 785 raw → 785 prepared
Series B
USD/THB Exchange Rate
DEXTHUS
FRED · 11,318 raw → 11,318 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
33
Estimated crossover points between normalized spreads.
Slope
4.7274
Linear regression slope.
Intercept
28.4578
Linear regression intercept.
Saved last month · ID: fred-bamlc0a4cbbb_fred-dexthus_daily_5y