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Correlation
of values
+56%
In sync
of periods
63%
History
daysdays · through 2026-06-05
746
These move in the same direction about 63% 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
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
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)
62.5%
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
13,898
Normalized
785
13,898
Prepared
785
13,898
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
+43%
85 periods · Return correlation when both series rose
Both Falling
+51%
84 periods · Return correlation when both series fell
Diverging
-45%
70 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13,191
A: 39 / B: 13152
Series A
ICE BofA US High Yield Index Effective Yield
BAMLH0A0HYM2EY
FRED · 785 raw → 785 prepared
Series B
USD/DKK Exchange Rate
DEXDNUS
FRED · 13,898 raw → 13,898 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
0.2166
Linear regression slope.
Intercept
5.1330
Linear regression intercept.
Saved last month · ID: fred-bamlh0a0hym2ey_fred-dexdnus_daily_5y