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Correlation
of values
+78%
In sync
of periods
57%
History
monthsmonths · through 2026-07
810
These move in the same direction about 57% of the time
When one swings, the other often swings by a similar amount (~62% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
Advanced
Statistics
In sync(i)
57%
Headline metric
Movement correlation(i)
+78%
Based on values
95% CI
+76% → +81%
Pipeline
Pipeline Summary
810 paired data points survived the monthly window.
Raw input
954
811
Normalized
954
811
Prepared
954
811
Aligned
810
810
Invalid removed
Likely range of correlation
R²(i)
62%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
810
Deep
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
+78%
No shift — both series at their actual dates.
810 overlapping points at this shift
Baseline
+78%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+78%
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
+50%
7 periods · Return correlation when both series rose
Both Falling
N/A
1 periods · Return correlation when both series fell
Diverging
-93%
8 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
145
A: 144 / B: 1
Series A
US CPI
CPIAUCSL
FRED · 954 raw → 954 prepared
Series B
Bank Reserves
TOTRESNS
FRED · 811 raw → 811 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
10.1457
Linear regression slope.
Intercept
-794.5588
Linear regression intercept.
Saved 4 months ago · ID: fred-cpiaucsl_fred-totresns_monthly_5y