Correlation
of values
+32%
In sync
of periods
54%
History
weeksweeks · through 2026-09
607
These move in the same direction about 54% of the time
Their swing sizes only faintly line up (~10% 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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
54.4%
Headline metric
Movement correlation(i)
+32%
Based on values
95% CI
+25% → +39%
Likely range of correlation
Pipeline
Pipeline Summary
607 paired data points survived the weekly window.
Raw input
671
13,869
Normalized
671
13,869
Prepared
671
2,885
Aligned
607
607
Invalid removed
R²(i)
10.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
607
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
+32%
No shift — both series at their actual dates.
607 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
+5%
63 periods · Return correlation when both series rose
Both Falling
+33%
71 periods · Return correlation when both series fell
Diverging
-59%
115 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,342
A: 64 / B: 2278
Series A
Consumer Sentiment
UMCSENT
FRED · 671 raw → 671 prepared
Series B
USD/DKK Exchange Rate
DEXDNUS
FRED · 13,869 raw → 2,885 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
38
Estimated crossover points between normalized spreads.
Slope
0.0285
Linear regression slope.
Intercept
4.2615
Linear regression intercept.
Saved 4 days ago · ID: fred-dexdnus_fred-umcsent_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.