Correlation
+60%
of values
In sync
58%
of periods
History
11,301
days · through 2026-04-24
These move in the same direction about 58% of the time
Their swing sizes loosely line up (~36% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
Time Series
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
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)
57.8%
Headline metric
Movement correlation(i)
+60%
Based on values
95% CI
+59% → +61%
Likely range of correlation
Pipeline
Pipeline Summary
11,301 paired data points survived the daily window.
Raw input
11,310
13,362
Normalized
11,310
13,362
Prepared
11,310
13,362
Aligned
11,301
11,301
Invalid removed
Explore
R²(i)
35.7%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
11,301
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
+60%
No shift — both series at their actual dates.
11,301 overlapping points at this shift
Baseline
+60%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+60%
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
-4%
64 periods · Return correlation when both series rose
Both Falling
-0%
63 periods · Return correlation when both series fell
Diverging
-10%
122 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,070
A: 9 / B: 2061
Series A
USD/CNY Exchange Rate
DEXCHUS
FRED · 11,310 raw → 11,310 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,362 raw → 13,362 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
69
Estimated crossover points between normalized spreads.
Slope
6.8543
Linear regression slope.
Intercept
0.8736
Linear regression intercept.
Saved 3 days ago · ID: fred-dexchus_fred-dexinus_5y
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.