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Correlation
of values
+64%
In sync
of periods
54%
History
daysdays · through 2026-08-25
6,878
These move in the same direction about 54% of the time
When one swings, the other often swings by a similar amount (~40% 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)
54%
Headline metric
Movement correlation(i)
+64%
Based on values
95% CI
+62% → +65%
Pipeline
Pipeline Summary
6,878 paired data points survived the daily window.
Raw input
6,936
10,231
Normalized
6,936
10,231
Prepared
6,936
10,231
Aligned
6,878
6,878
Invalid removed
Likely range of correlation
R²(i)
40%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
6,878
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
+64%
No shift — both series at their actual dates.
6,878 overlapping points at this shift
Baseline
+64%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+64%
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
3,411
A: 58 / B: 3353
Series A
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,936 raw → 6,936 prepared
Series B
WTI Crude Oil
DCOILWTICO
FRED · 10,231 raw → 10,231 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
93
Estimated crossover points between normalized spreads.
Slope
108.7703
Linear regression slope.
Intercept
-65.9057
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dcoilwtico_fred-dexuseu_daily_5y