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Correlation
of values
+32%
In sync
of periods
56%
History
monthsmonths · through 2026-05
609
These move in the same direction about 56% of the time
Their swing sizes only faintly line up (~10% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
56%
Headline metric
Movement correlation(i)
+32%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
609 paired data points survived the monthly window.
Raw input
673
13,916
Normalized
673
13,916
Prepared
673
667
Aligned
609
609
Invalid removed
10%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
609
Robust
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
No shift
Correlation at this shift
+32%
No shift — both series at their actual dates.
609 overlapping points at this shift
Baseline
+32%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+32%
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
+18%
17 periods · Return correlation when both series rose
Both Falling
+14%
8 periods · Return correlation when both series fell
Diverging
-70%
21 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
122
A: 64 / B: 58
Series A
Consumer Sentiment
UMCSENT
FRED · 673 raw → 673 prepared
Series B
USD/DKK Exchange Rate
DEXDNUS
FRED · 13,916 raw → 667 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
40
Estimated crossover points between normalized spreads.
Slope
0.0280
Linear regression slope.
Intercept
4.3138
Linear regression intercept.
Saved 3 months ago · ID: fred-dexdnus_fred-umcsent_monthly_5y