Loading market view
Loading market view
Loading correlations
Correlation
of values
-89%
In sync
of periods
36%
History
daysdays · through 2026-09-04
6,941
These move in the same direction about 36% of the time
When one swings, the other almost always swings by a closely matched amount in the opposite direction (~79% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
Advanced
Statistics
In sync(i)
36%
Headline metric
Movement correlation(i)
-89%
Based on values
95% CI
-89% → -88%
Pipeline
Pipeline Summary
6,941 paired data points survived the daily window.
Raw input
6,941
13,968
Normalized
6,941
13,968
Prepared
6,941
13,968
Aligned
6,941
6,941
Invalid removed
Likely range of correlation
R²(i)
79%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
6,941
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
-89%
No shift — both series at their actual dates.
6,941 overlapping points at this shift
Baseline
-89%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-89%
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
7,027
A: 0 / B: 7027
Series A
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,941 raw → 6,941 prepared
Series B
USD/CAD Exchange Rate
DEXCAUS
FRED · 13,968 raw → 13,968 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
72
Estimated crossover points between normalized spreads.
Slope
-0.9935
Linear regression slope.
Intercept
2.4407
Linear regression intercept.
Saved 4 months ago · ID: fred-dexcaus_fred-dexuseu_daily_5y