SeriesMagCorrSyncOverlapThrough
Correlation
of values
+95%
In sync
of periods
58%
History
weeksweeks · through 2026-09
241
These move in the same direction about 58% of the time
When one swings, the other almost always swings by a closely matched amount (~91% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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)
57.5%
Headline metric
Movement correlation(i)
+95%
Based on values
95% CI
+94% → +96%
Likely range of correlation
Pipeline
Pipeline Summary
241 paired data points survived the weekly window.
Raw input
241
13,362
Normalized
241
13,362
Prepared
241
2,782
Aligned
241
241
Invalid removed
R²(i)
91.1%
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
+95%
No shift — both series at their actual dates.
241 overlapping points at this shift
Baseline
+95%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+95%
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
+19%
128 periods · Return correlation when both series rose
Both Falling
-51%
6 periods · Return correlation when both series fell
Diverging
+3%
106 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,541
A: 0 / B: 2541
Series A
Avg Hourly Earnings
CES0500000003
FRED · 241 raw → 241 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,362 raw → 2,782 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
2.8681
Linear regression slope.
Intercept
-13.5112
Linear regression intercept.
Saved 2 days ago · ID: fred-ces0500000003_fred-dexinus_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.