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Correlation
of values
-20%
In sync
of periods
47%
History
weeksweeks · through 2026-25
708
These move in the same direction about 47% of the time
Their swing sizes only faintly mirror each other (~4% 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
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Advanced
Statistics
In sync(i)
47%
Headline metric
Movement correlation(i)
-20%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
708 paired data points survived the weekly window.
Raw input
3,277
3,103
Normalized
3,277
3,103
Prepared
711
3,103
Aligned
708
708
Invalid removed
4%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
708
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
-20%
No shift — both series at their actual dates.
708 overlapping points at this shift
Baseline
-20%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-20%
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
+70%
11 periods · Return correlation when both series rose
Both Falling
-40%
8 periods · Return correlation when both series fell
Diverging
-51%
26 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,398
A: 3 / B: 2395
Series A
Overnight Reverse Repo
RRPONTSYD
FRED · 3,277 raw → 711 prepared
Series B
Continued Jobless Claims
CCSA
FRED · 3,103 raw → 3,103 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
-844.2792
Linear regression slope.
Intercept
3107508.1207
Linear regression intercept.
Saved 3 months ago · ID: fred-ccsa_fred-rrpontsyd_weekly_5y