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Correlation
of values
+82%
In sync
of periods
49%
History
monthsmonths · through 2026-03
243
These move in the same direction about 49% of the time
When one swings, the other often swings by a similar amount (~68% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
49.2%
Headline metric
Movement correlation(i)
+82%
Based on values
95% CI
+78% → +86%
Likely range of correlation
Pipeline
Pipeline Summary
243 paired data points survived the monthly window.
Raw input
807
5,097
Normalized
807
5,097
Prepared
807
245
Aligned
243
243
Invalid removed
R²(i)
67.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
243
Usable
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+82%
No shift — both series at their actual dates.
243 overlapping points at this shift
Baseline
+82%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+82%
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
+38%
64 periods · Return correlation when both series rose
Both Falling
-1%
55 periods · Return correlation when both series fell
Diverging
-66%
123 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
566
A: 564 / B: 2
Series A
Monetary Base
BOGMBASE
FRED · 807 raw → 807 prepared
Series B
US Dollar Index
DTWEXEMEGS
FRED · 5,097 raw → 245 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.0071
Linear regression slope.
Intercept
86.5955
Linear regression intercept.
Saved 2 days ago · ID: fred-bogmbase_fred-dtwexemegs_monthly_5y