Loading market view
Loading market view
Loading correlations
Correlation
of values
+74%
In sync
of periods
59%
History
monthsmonths · through 2026-03
428
These move in the same direction about 59% of the time
When one swings, the other often swings by a similar amount (~54% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
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)
58.8%
Headline metric
Movement correlation(i)
+74%
Based on values
95% CI
+69% → +78%
Likely range of correlation
Pipeline
Pipeline Summary
428 paired data points survived the monthly window.
Raw input
471
1,862
Normalized
471
1,862
Prepared
471
431
Aligned
428
428
Invalid removed
R²(i)
54.4%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
428
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
+74%
No shift — both series at their actual dates.
428 overlapping points at this shift
Baseline
+74%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+74%
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
+34%
50 periods · Return correlation when both series rose
Both Falling
+62%
17 periods · Return correlation when both series fell
Diverging
-36%
38 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
46
A: 43 / B: 3
Series A
Case-Shiller Home Price Index
CSUSHPINSA
FRED · 471 raw → 471 prepared
Series B
US Gas Price
GASREGW
FRED · 1,862 raw → 431 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0096
Linear regression slope.
Intercept
0.6957
Linear regression intercept.
Saved last month · ID: fred-csushpinsa_fred-gasregw_monthly_5y