Correlation
of values
-56%
In sync
of periods
51%
History
daysdays · through 2026-04-24
11,316
These move opposite each other about 51% of the time
Their swing sizes loosely mirror each other (~31% 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
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
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.
Explore
Advanced
Statistics
In sync(i)
50.6%
Headline metric
Movement correlation(i)
-56%
Based on values
95% CI
-57% → -54%
Likely range of correlation
Pipeline
Pipeline Summary
11,316 paired data points survived the daily window.
Raw input
16,067
11,370
Normalized
16,067
11,370
Prepared
16,067
11,370
Aligned
11,316
11,316
Invalid removed
R²(i)
30.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
11,316
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
-56%
No shift — both series at their actual dates.
11,316 overlapping points at this shift
Baseline
-56%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-56%
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
+23%
71 periods · Return correlation when both series rose
Both Falling
+17%
67 periods · Return correlation when both series fell
Diverging
-31%
111 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
4,805
A: 4751 / B: 54
Series A
5Y Treasury Yield
DGS5
FRED · 16,067 raw → 16,067 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
51
Estimated crossover points between normalized spreads.
Slope
-0.0692
Linear regression slope.
Intercept
8.0325
Linear regression intercept.
Saved 4 days ago · ID: fred-dexhkus_fred-dgs5_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.