Loading market view
Loading market view
Loading correlations
Correlation
of values
+70%
In sync
of periods
51%
History
monthsmonths · through 2026-03
471
These move in the same direction about 51% of the time
When one swings, the other often swings by a similar amount (~50% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Advanced
Statistics
In sync(i)
51.1%
Headline metric
Movement correlation(i)
+70%
Based on values
95% CI
+66% → +75%
Likely range of correlation
Pipeline
Pipeline Summary
471 paired data points survived the monthly window.
Raw input
471
880
Normalized
471
880
Prepared
471
880
Aligned
471
471
Invalid removed
R²(i)
49.7%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
471
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
+70%
No shift — both series at their actual dates.
471 overlapping points at this shift
Baseline
+70%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+70%
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
+35%
25 periods · Return correlation when both series rose
Both Falling
-11%
13 periods · Return correlation when both series fell
Diverging
-76%
47 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
409
A: 0 / B: 409
Series A
Case-Shiller Home Price Index
CSUSHPINSA
FRED · 471 raw → 471 prepared
Series B
CPI: Used Cars & Trucks
CUSR0000SETA02
FRED · 880 raw → 880 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.1993
Linear regression slope.
Intercept
116.0013
Linear regression intercept.
Saved last month · ID: fred-csushpinsa_fred-cusr0000seta02_monthly_5y