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Correlation
of values
+28%
In sync
of periods
49%
History
daysdays · through 2026-05-15
5,835
These move in the same direction about 49% of the time
Their swing sizes only faintly line up (~8% 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
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
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)
48.7%
Headline metric
Movement correlation(i)
+28%
Based on values
95% CI
+25% → +30%
Likely range of correlation
Pipeline
Pipeline Summary
5,835 paired data points survived the daily window.
Raw input
5,851
11,325
Normalized
5,851
11,325
Prepared
5,851
11,325
Aligned
5,835
5,835
Invalid removed
R²(i)
7.7%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
5,835
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
+28%
No shift — both series at their actual dates.
5,835 overlapping points at this shift
Baseline
+28%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+28%
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
+5%
56 periods · Return correlation when both series rose
Both Falling
-16%
76 periods · Return correlation when both series fell
Diverging
-37%
117 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
5,506
A: 16 / B: 5490
Series A
5Y Breakeven Inflation
T5YIE
FRED · 5,851 raw → 5,851 prepared
Series B
USD/CNY Exchange Rate
DEXCHUS
FRED · 11,325 raw → 11,325 prepared
Sign agreement
99.0%
How often both values share the same sign.
Zero crossings
95
Estimated crossover points between normalized spreads.
Slope
0.3191
Linear regression slope.
Intercept
6.3598
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexchus_fred-t5yie_daily_5y