Loading market view
Loading market view
Loading correlations
Correlation
of values
+71%
In sync
of periods
57%
History
monthsmonths · through 2026-07
486
These move in the same direction about 57% of the time
When one swings, the other often swings by a similar amount (~50% 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)
+71%
Based on values
95% CI
+66% → +75%
Pipeline
Pipeline Summary
486 paired data points survived the monthly window.
Raw input
834
10,231
Normalized
834
10,231
Prepared
834
488
Aligned
486
486
Invalid removed
Likely range of correlation
R²(i)
50%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
486
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
+71%
No shift — both series at their actual dates.
486 overlapping points at this shift
Baseline
+71%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+71%
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
+13%
45 periods · Return correlation when both series rose
Both Falling
N/A
1 periods · Return correlation when both series fell
Diverging
-1%
37 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
350
A: 348 / B: 2
Series A
US Core CPI
CPILFESL
FRED · 834 raw → 834 prepared
Series B
WTI Crude Oil
DCOILWTICO
FRED · 10,231 raw → 488 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
0.3659
Linear regression slope.
Intercept
-27.6498
Linear regression intercept.
Saved 2 weeks ago · ID: fred-cpilfesl_fred-dcoilwtico_monthly_5y