Correlation
of values
-20%
In sync
of periods
66%
History
daysdays · through 2026-04-24
11,612
These move opposite each other about 66% of the time
Their swing sizes only faintly mirror each other (~4% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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
Slipping tighter
The recent pattern is tighter 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.
Explore
Advanced
Statistics
In sync(i)
65.9%
Headline metric
Movement correlation(i)
-20%
Based on values
95% CI
-22% → -18%
Likely range of correlation
Pipeline
Pipeline Summary
11,612 paired data points survived the daily window.
Raw input
11,613
13,869
Normalized
11,613
13,869
Prepared
11,613
13,869
Aligned
11,612
11,612
Invalid removed
R²(i)
3.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
11,612
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
-20%
No shift — both series at their actual dates.
11,612 overlapping points at this shift
Baseline
-20%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-20%
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
-9%
109 periods · Return correlation when both series rose
Both Falling
-21%
90 periods · Return correlation when both series fell
Diverging
-22%
50 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,258
A: 1 / B: 2257
Series A
USD/ZAR Exchange Rate
DEXSFUS
FRED · 11,613 raw → 11,613 prepared
Series B
USD/DKK Exchange Rate
DEXDNUS
FRED · 13,869 raw → 13,869 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
-0.0455
Linear regression slope.
Intercept
7.0680
Linear regression intercept.
Saved 4 days ago · ID: fred-dexdnus_fred-dexsfus_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.