Correlation
of values
+97%
In sync
of periods
71%
History
daysdays · through 2026-03-01
807
These move in the same direction about 71% of the time
When one swings, the other almost always swings by a closely matched amount (~95% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
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Advanced
Statistics
In sync(i)
70.7%
Headline metric
Movement correlation(i)
+97%
Based on values
95% CI
+97% → +98%
Likely range of correlation
Pipeline
Pipeline Summary
807 paired data points survived the daily window.
Raw input
807
807
Normalized
807
807
Prepared
807
807
Aligned
807
807
Invalid removed
R²(i)
95.0%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
807
Deep
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
+97%
No shift — both series at their actual dates.
807 overlapping points at this shift
Baseline
+97%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+97%
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
+90%
171 periods · Return correlation when both series rose
Both Falling
+41%
6 periods · Return correlation when both series fell
Diverging
-67%
72 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
M2 Money Supply
M2SL
FRED · 807 raw → 807 prepared
Series B
Monetary Base
BOGMBASE
FRED · 807 raw → 807 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.2809
Linear regression slope.
Intercept
-366.1168
Linear regression intercept.
Saved 4 days ago · ID: fred-bogmbase_fred-m2sl_5y
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Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.