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Correlation
of values
-45%
In sync
of periods
53%
History
monthsmonths · through 2026-07
379
These move in the same direction about 53% of the time
Their swing sizes loosely mirror each other (~21% 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
USD/BRL Exchange Rate moves ~18 months before Consumer Sentiment
Watch USD/BRL Exchange Rate for an early read on Consumer Sentiment.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
53%
Headline metric
Movement correlation(i)
-45%
Based on values
95% CI
-53% → -37%
Likely range of correlation
Pipeline
Pipeline Summary
379 paired data points survived the monthly window.
Raw input
675
7,940
Normalized
675
7,940
Prepared
675
380
Aligned
379
379
Invalid removed
R²(i)
21%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
379
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
-18 months
Correlation at this shift
-53%
+8% stronger than no-shift baseline
USD/BRL Exchange Rate shifted 18 months later. Reads: "Does Consumer Sentiment today line up with USD/BRL Exchange Rate 18 months ago?"
361 overlapping points at this shift
Baseline
-45%
No-shift correlation, matching the main time-series chart above.
Peak shift
-18 months
-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.
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
-14%
40 periods · Return correlation when both series rose
Both Falling
-14%
24 periods · Return correlation when both series fell
Diverging
-66%
70 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
297
A: 296 / B: 1
Series A
Consumer Sentiment
UMCSENT
FRED · 675 raw → 675 prepared
Series B
USD/BRL Exchange Rate
DEXBZUS
FRED · 7,940 raw → 380 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
21
Estimated crossover points between normalized spreads.
Slope
-0.0433
Linear regression slope.
Intercept
6.5467
Linear regression intercept.
Saved 4 months ago · ID: fred-dexbzus_fred-umcsent_monthly_5y