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Correlation
of values
-99%
In sync
of periods
2%
History
daysdays · through 2026-05-01
6,854
These move opposite each other about 2% of the time
When one swings, the other almost always swings by a closely matched amount in the opposite direction (~97% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
2.1%
Headline metric
Movement correlation(i)
-99%
Based on values
95% CI
-99% → -98%
Pipeline
Pipeline Summary
6,854 paired data points survived the daily window.
Raw input
6,854
13,874
Normalized
6,854
13,874
Prepared
6,854
13,874
Aligned
6,854
6,854
Invalid removed
Likely range of correlation
R²(i)
97.0%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
6,854
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
-99%
No shift — both series at their actual dates.
6,854 overlapping points at this shift
Baseline
-99%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-99%
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
N/A
0 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-96%
249 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
7,020
A: 0 / B: 7020
Series A
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,854 raw → 6,854 prepared
Series B
USD/DKK Exchange Rate
DEXDNUS
FRED · 13,874 raw → 13,874 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
62
Estimated crossover points between normalized spreads.
Slope
-5.4955
Linear regression slope.
Intercept
12.9062
Linear regression intercept.
Saved 2 days ago · ID: fred-dexdnus_fred-dexuseu_daily_5y