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Correlation
of values
+82%
In sync
of periods
51%
History
monthsmonths · through 2026-05
282
These move in the same direction about 51% of the time
When one swings, the other almost always swings by a closely matched amount (~68% 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
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
51%
Headline metric
Movement correlation(i)
+82%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
282 paired data points survived the monthly window.
Raw input
1,229
881
Normalized
1,229
881
Prepared
284
881
Aligned
282
282
Invalid removed
68%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
282
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
+82%
No shift — both series at their actual dates.
282 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
+19%
56 periods · Return correlation when both series rose
Both Falling
+51%
46 periods · Return correlation when both series fell
Diverging
-36%
115 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
601
A: 2 / B: 599
Series A
Fed Balance Sheet
WALCL
FRED · 1,229 raw → 284 prepared
Series B
CPI: Used Cars & Trucks
CUSR0000SETA02
FRED · 881 raw → 881 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0000
Linear regression slope.
Intercept
124.9454
Linear regression intercept.
Saved 3 months ago · ID: fred-cusr0000seta02_fred-walcl_monthly_5y