Loading market view
Loading market view
Loading correlations
Correlation
of values
-68%
In sync
of periods
55%
History
daysdays · through 2026-07-02
8,183
These move in the same direction about 55% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~46% 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.
Advanced
Statistics
In sync(i)
55%
Headline metric
Movement correlation(i)
-68%
Based on values
95% CI
N/A
Pipeline
Pipeline Summary
8,183 paired data points survived the daily window.
Raw input
11,357
8,185
Normalized
11,357
8,185
Prepared
11,357
8,185
Aligned
8,183
8,183
Invalid removed
Likely range
R²(i)
46%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
8,183
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
-68%
No shift — both series at their actual dates.
8,183 overlapping points at this shift
Baseline
-68%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-68%
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
3,176
A: 3174 / B: 2
Series A
USD/CNY Exchange Rate
DEXCHUS
FRED · 11,357 raw → 11,357 prepared
Series B
USD/MXN Exchange Rate
DEXMXUS
FRED · 8,185 raw → 8,185 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
45
Estimated crossover points between normalized spreads.
Slope
-3.8626
Linear regression slope.
Intercept
41.7128
Linear regression intercept.
Saved 3 months ago · ID: fred-dexchus_fred-dexmxus_daily_5y