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Correlation
of values
+39%
In sync
of periods
50%
History
monthsmonths · through 2026-04
543
These move in the same direction about 50% of the time
Their swing sizes only faintly line up (~16% 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
USD/SGD Exchange Rate moves ~18 months before Labor Force Participation
Watch USD/SGD 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.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
49.6%
Headline metric
Movement correlation(i)
+39%
Based on values
95% CI
+32% → +46%
Likely range of correlation
Pipeline
Pipeline Summary
543 paired data points survived the monthly window.
Raw input
939
11,384
Normalized
939
11,384
Prepared
939
545
Aligned
543
543
Invalid removed
R²(i)
15.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
543
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
+48%
+9% stronger than no-shift baseline
USD/SGD Exchange Rate shifted 18 months later. Reads: "Does Labor Force Participation today line up with USD/SGD Exchange Rate 18 months ago?"
525 overlapping points at this shift
Baseline
+39%
No-shift correlation, matching the main time-series chart above.
Peak shift
-18 months
+48%
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
-12%
52 periods · Return correlation when both series rose
Both Falling
-14%
66 periods · Return correlation when both series fell
Diverging
-41%
131 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
398
A: 396 / B: 2
Series A
Labor Force Participation
CIVPART
FRED · 939 raw → 939 prepared
Series B
USD/SGD Exchange Rate
DEXSIUS
FRED · 11,384 raw → 545 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
0.0668
Linear regression slope.
Intercept
-2.7216
Linear regression intercept.
Saved 2 weeks ago · ID: fred-civpart_fred-dexsius_monthly_5y