SeriesMagCorrSyncOverlapThrough
Correlation
-13%
of values
In sync
46%
of periods
History
220
months · through 2025-10
These move opposite each other about 46% of the time
Their swing sizes only faintly mirror each other (~2% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
USD/DKK Exchange Rate moves ~17 months before Federal Debt
Watch USD/DKK Exchange Rate for an early read on Federal Debt.
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)
46.1%
Headline metric
Movement correlation(i)
-13%
Based on values
95% CI
-26% → -0%
Likely range of correlation
Pipeline
Pipeline Summary
220 paired data points survived the monthly window.
Raw input
240
13,869
Normalized
240
13,869
Prepared
240
664
Aligned
220
220
Invalid removed
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.
R²(i)
1.8%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points
220
Usable
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: -18 to 18 months.
Selected shift
-17 months
Correlation at this shift
-23%
+10% stronger than no-shift baseline
USD/DKK Exchange Rate shifted 17 months later. Reads: "Does Federal Debt today line up with USD/DKK Exchange Rate 17 months ago?"
203 overlapping points at this shift
Baseline
-13%
No-shift correlation, matching the main time-series chart above.
Peak shift
-17 months
-23%
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
-14%
94 periods · Return correlation when both series rose
Both Falling
-19%
7 periods · Return correlation when both series fell
Diverging
-8%
118 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
464
A: 20 / B: 444
Series A
Federal Debt
GFDEBTN
FRED · 240 raw → 240 prepared
Series B
USD/DKK Exchange Rate
DEXDNUS
FRED · 13,869 raw → 664 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0000
Linear regression slope.
Intercept
6.7671
Linear regression intercept.
Saved yesterday · ID: fred-dexdnus_fred-gfdebtn_5y