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Correlation
of values
-53%
In sync
of periods
49%
History
daysdays · through 2026-05-15
10,083
These move in the same direction about 49% of the time
Their swing sizes loosely mirror each other (~28% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
Advanced
Statistics
In sync(i)
49.1%
Headline metric
Movement correlation(i)
-53%
Based on values
95% CI
-54% → -52%
Pipeline
Pipeline Summary
10,083 paired data points survived the daily window.
Raw input
10,132
13,869
Normalized
10,132
13,869
Prepared
10,132
13,869
Aligned
10,083
10,083
Invalid removed
Likely range of correlation
R²(i)
28.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
10,083
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
-53%
No shift — both series at their actual dates.
10,083 overlapping points at this shift
Baseline
-53%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-53%
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.
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
3,835
A: 49 / B: 3786
Series A
Baa Corporate Bond Yield
DBAA
FRED · 10,132 raw → 10,132 prepared
Series B
NZD/USD Exchange Rate
DEXUSNZ
FRED · 13,869 raw → 13,869 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
21
Estimated crossover points between normalized spreads.
Slope
-0.0260
Linear regression slope.
Intercept
0.8184
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dbaa_fred-dexusnz_daily_5y