Loading market view
Loading market view
Loading correlations
Correlation
of values
-49%
In sync
of periods
48%
History
daysdays · through 2026-05-15
7,832
These move opposite each other about 48% of the time
Their swing sizes loosely mirror each other (~24% 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.
What to Watch
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
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)
48.0%
Headline metric
Movement correlation(i)
-49%
Based on values
95% CI
-51% → -47%
Likely range of correlation
Pipeline
Pipeline Summary
7,832 paired data points survived the daily window.
Raw input
16,081
7,868
Normalized
16,081
7,868
Prepared
16,081
7,868
Aligned
7,832
7,832
Invalid removed
R²(i)
24.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
7,832
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
-49%
No shift — both series at their actual dates.
7,832 overlapping points at this shift
Baseline
-49%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-49%
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
-2%
83 periods · Return correlation when both series rose
Both Falling
-26%
69 periods · Return correlation when both series fell
Diverging
-39%
97 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
8,285
A: 8249 / B: 36
Series A
10Y Treasury Yield
DGS10
FRED · 16,081 raw → 16,081 prepared
Series B
USD/BRL Exchange Rate
DEXBZUS
FRED · 7,868 raw → 7,868 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
37
Estimated crossover points between normalized spreads.
Slope
-0.4492
Linear regression slope.
Intercept
4.5799
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexbzus_fred-dgs10_daily_5y