Correlation
of values
-11%
In sync
of periods
51%
History
daysdays · through 2026-04-24
6,591
These move opposite each other about 51% of the time
Their swing sizes only faintly mirror each other (~1% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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 looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
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)
51.4%
Headline metric
Movement correlation(i)
-11%
Based on values
95% CI
-13% → -8%
Likely range of correlation
Pipeline
Pipeline Summary
6,591 paired data points survived the daily window.
Raw input
6,591
11,370
Normalized
6,591
11,370
Prepared
6,591
11,370
Aligned
6,591
6,591
Invalid removed
R²(i)
1.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
6,591
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
-11%
No shift — both series at their actual dates.
6,591 overlapping points at this shift
Baseline
-11%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-11%
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
-13%
51 periods · Return correlation when both series rose
Both Falling
+34%
10 periods · Return correlation when both series fell
Diverging
-3%
188 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
4,779
A: 0 / B: 4779
Series A
USD/VES Exchange Rate
DEXVZUS
FRED · 6,591 raw → 6,591 prepared
Series B
USD/HKD Exchange Rate
DEXHKUS
FRED · 11,370 raw → 11,370 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
-0.0000
Linear regression slope.
Intercept
7.7871
Linear regression intercept.
Saved 4 days ago · ID: fred-dexhkus_fred-dexvzus_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.