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Correlation
of values
-63%
In sync
of periods
51%
History
monthsmonths · through 2026-03
471
These move in the same direction about 51% of the time
Their swing sizes loosely mirror each other (~40% 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
10Y Treasury Yield moves ~18 months before Case-Shiller Home Price Index
Watch 10Y Treasury Yield for an early read on Case-Shiller Home Price Index.
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)
51.1%
Headline metric
Movement correlation(i)
-63%
Based on values
95% CI
-68% → -57%
Likely range of correlation
Pipeline
Pipeline Summary
471 paired data points survived the monthly window.
Raw input
16,092
471
Normalized
16,092
471
Prepared
774
471
Aligned
471
471
Invalid removed
R²(i)
39.8%
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
+18 months
Correlation at this shift
-73%
+10% stronger than no-shift baseline
Case-Shiller Home Price Index shifted 18 months earlier. Reads: "Does 10Y Treasury Yield today line up with Case-Shiller Home Price Index 18 months from now?"
453 overlapping points at this shift
Baseline
-63%
No-shift correlation, matching the main time-series chart above.
Peak shift
+18 months
-73%
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
+20%
29 periods · Return correlation when both series rose
Both Falling
+50%
11 periods · Return correlation when both series fell
Diverging
-23%
45 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
303
A: 303 / B: 0
Series A
10Y Treasury Yield
DGS10
FRED · 16,092 raw → 774 prepared
Series B
Case-Shiller Home Price Index
CSUSHPINSA
FRED · 471 raw → 471 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-21.3581
Linear regression slope.
Intercept
251.3462
Linear regression intercept.
Saved last month · ID: fred-csushpinsa_fred-dgs10_monthly_5y