Loading market view
Loading market view
Loading correlations
Correlation
of values
+82%
In sync
of periods
58%
History
monthsmonths · through 2026-04
831
These move in the same direction about 58% of the time
When one swings, the other often swings by a similar amount (~67% 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)
57.5%
Headline metric
Movement correlation(i)
+82%
Based on values
95% CI
+80% → +84%
Pipeline
Pipeline Summary
831 paired data points survived the monthly window.
Raw input
831
965
Normalized
831
965
Prepared
831
965
Aligned
831
831
Invalid removed
Likely range of correlation
R²(i)
67.4%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
831
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
+82%
No shift — both series at their actual dates.
831 overlapping points at this shift
Baseline
+82%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+82%
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
+15%
9 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
+5%
12 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
134
A: 0 / B: 134
Series A
US Core CPI
CPILFESL
FRED · 831 raw → 831 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 965 raw → 965 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.2750
Linear regression slope.
Intercept
-6.3447
Linear regression intercept.
Saved last month · ID: fred-cpilfesl_fred-wtisplc_monthly_5y