Correlation
of values
+44%
In sync
of periods
55%
History
weeksweeks · through 2026-09
543
These move in the same direction about 55% of the time
Their swing sizes loosely line up (~19% 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.
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)
55.2%
Headline metric
Movement correlation(i)
+44%
Based on values
95% CI
+36% → +50%
Likely range of correlation
Pipeline
Pipeline Summary
543 paired data points survived the weekly window.
Raw input
1,287
11,370
Normalized
1,287
11,370
Prepared
1,287
2,365
Aligned
543
543
Invalid removed
R²(i)
19.0%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
543
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
+44%
No shift — both series at their actual dates.
543 overlapping points at this shift
Baseline
+44%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+44%
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%
91 periods · Return correlation when both series rose
Both Falling
+1%
44 periods · Return correlation when both series fell
Diverging
-17%
114 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,566
A: 744 / B: 1822
Series A
Industrial Production
INDPRO
FRED · 1,287 raw → 1,287 prepared
Series B
USD/HKD Exchange Rate
DEXHKUS
FRED · 11,370 raw → 2,365 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0102
Linear regression slope.
Intercept
6.8273
Linear regression intercept.
Saved 4 days ago · ID: fred-dexhkus_fred-indpro_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.