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Correlation
of values
+99%
In sync
of periods
73%
History
monthsmonths · through 2026-05
412
These move in the same direction about 73% of the time
When one swings, the other almost always swings by a closely matched amount (~98% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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.
Advanced
Statistics
In sync(i)
73%
Headline metric
Movement correlation(i)
+99%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
412 paired data points survived the monthly window.
Raw input
952
413
Normalized
952
413
Prepared
952
413
Aligned
412
412
Invalid removed
98%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
412
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
No shift
Correlation at this shift
+99%
No shift — both series at their actual dates.
412 overlapping points at this shift
Baseline
+99%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+99%
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
+29%
65 periods · Return correlation when both series rose
Both Falling
+61%
8 periods · Return correlation when both series fell
Diverging
-33%
42 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
541
A: 540 / B: 1
Series A
US CPI
CPIAUCSL
FRED · 952 raw → 952 prepared
Series B
Retail Sales
RSAFS
FRED · 413 raw → 413 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
3074.5549
Linear regression slope.
Intercept
-278586.5689
Linear regression intercept.
Saved 3 months ago · ID: fred-cpiaucsl_fred-rsafs_monthly_5y