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Correlation
of values
+55%
In sync
of periods
58%
History
daysdays · through 2026-07-02
745
These move in the same direction about 58% of the time
Their swing sizes loosely line up (~31% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Advanced
Statistics
In sync(i)
58%
Headline metric
Movement correlation(i)
+55%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
745 paired data points survived the daily window.
Raw input
785
13,895
Normalized
785
13,895
Prepared
785
13,895
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
+55%
No shift — both series at their actual dates.
745 overlapping points at this shift
Baseline
+55%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+55%
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
+6%
63 periods · Return correlation when both series rose
Both Falling
+41%
81 periods · Return correlation when both series fell
Diverging
-55%
95 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,190
A: 40 / B: 13150
Series A
HY Bond Spread
BAMLH0A0HYM2
FRED · 785 raw → 785 prepared
Series B
USD/MYR Exchange Rate
DEXMAUS
FRED · 13,895 raw → 13,895 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
37
Estimated crossover points between normalized spreads.
Slope
0.3343
Linear regression slope.
Intercept
3.3200
Linear regression intercept.
Saved 3 months ago · ID: fred-bamlh0a0hym2_fred-dexmaus_daily_5y