Correlation
of values
+43%
In sync
of periods
53%
History
weeksweeks · through 2026-09
241
These move in the same direction about 53% of the time
Their swing sizes loosely line up (~18% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Explore
Advanced
Statistics
In sync(i)
53.2%
Headline metric
Movement correlation(i)
+43%
Based on values
95% CI
+32% → +53%
Likely range of correlation
Pipeline
Pipeline Summary
241 paired data points survived the weekly window.
Raw input
241
11,370
Normalized
241
11,370
Prepared
241
2,365
Aligned
241
241
Invalid removed
R²(i)
18.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
241
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
+43%
No shift — both series at their actual dates.
241 overlapping points at this shift
Baseline
+43%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+43%
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
+8%
117 periods · Return correlation when both series rose
Both Falling
-67%
7 periods · Return correlation when both series fell
Diverging
-30%
116 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,124
A: 0 / B: 2124
Series A
Avg Hourly Earnings
CES0500000003
FRED · 241 raw → 241 prepared
Series B
USD/HKD Exchange Rate
DEXHKUS
FRED · 11,370 raw → 2,365 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0029
Linear regression slope.
Intercept
7.7070
Linear regression intercept.
Saved 4 days ago · ID: fred-ces0500000003_fred-dexhkus_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.