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Correlation
of values
-23%
In sync
of periods
47%
History
daysdays · through 2026-05-15
12,474
These move opposite each other about 47% of the time
Their swing sizes only faintly mirror each other (~5% 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
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
46.8%
Headline metric
Movement correlation(i)
-23%
Based on values
95% CI
-24% → -21%
Likely range of correlation
Pipeline
Pipeline Summary
12,474 paired data points survived the daily window.
Raw input
12,490
13,891
Normalized
12,490
13,891
Prepared
12,490
13,891
Aligned
12,474
12,474
Invalid removed
R²(i)
5.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
12,474
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
-23%
No shift — both series at their actual dates.
12,474 overlapping points at this shift
Baseline
-23%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-23%
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
+24%
68 periods · Return correlation when both series rose
Both Falling
-12%
61 periods · Return correlation when both series fell
Diverging
-52%
120 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,433
A: 16 / B: 1417
Series A
10Y-2Y Yield Spread
T10Y2Y
FRED · 12,490 raw → 12,490 prepared
Series B
USD/CAD Exchange Rate
DEXCAUS
FRED · 13,891 raw → 13,891 prepared
Sign agreement
83.5%
How often both values share the same sign.
Zero crossings
145
Estimated crossover points between normalized spreads.
Slope
-0.0365
Linear regression slope.
Intercept
1.2916
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexcaus_fred-t10y2y_daily_5y