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Correlation
of values
-17%
In sync
of periods
49%
History
monthsmonths · through 2026-04
639
These move in the same direction about 49% of the time
Their swing sizes only faintly mirror each other (~3% 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
USD/INR Exchange Rate moves ~18 months before Labor Force Participation
Watch USD/INR Exchange Rate for an early read on Labor Force Participation.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
49.3%
Headline metric
Movement correlation(i)
-17%
Based on values
95% CI
-25% → -10%
Likely range of correlation
Pipeline
Pipeline Summary
639 paired data points survived the monthly window.
Raw input
939
13,377
Normalized
939
13,377
Prepared
939
641
Aligned
639
639
Invalid removed
R²(i)
3.0%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
639
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: -18 to 18 months.
Selected shift
-18 months
Correlation at this shift
-25%
+7% stronger than no-shift baseline
USD/INR Exchange Rate shifted 18 months later. Reads: "Does Labor Force Participation today line up with USD/INR Exchange Rate 18 months ago?"
615 overlapping points at this shift
Baseline
-17%
No-shift correlation, matching the main time-series chart above.
Peak shift
-18 months
-25%
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
-16%
13 periods · Return correlation when both series rose
Both Falling
-32%
10 periods · Return correlation when both series fell
Diverging
-29%
25 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
302
A: 300 / B: 2
Series A
Labor Force Participation
CIVPART
FRED · 939 raw → 939 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,377 raw → 641 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-2.2227
Linear regression slope.
Intercept
181.8123
Linear regression intercept.
Saved 2 weeks ago · ID: fred-civpart_fred-dexinus_monthly_5y