Correlation
of values
+32%
In sync
of periods
54%
History
weeksweeks · through 2026-09
543
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.
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
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)
53.5%
Headline metric
Movement correlation(i)
+32%
Based on values
95% CI
+24% → +39%
Likely range of correlation
Pipeline
Pipeline Summary
543 paired data points survived the weekly window.
Raw input
807
11,370
Normalized
807
11,370
Prepared
807
2,365
Aligned
543
543
Invalid removed
R²(i)
10.2%
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
+32%
No shift — both series at their actual dates.
543 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
-6%
115 periods · Return correlation when both series rose
Both Falling
+27%
14 periods · Return correlation when both series fell
Diverging
+1%
120 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,086
A: 264 / B: 1822
Series A
Personal Consumption
PCE
FRED · 807 raw → 807 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
0.0000
Linear regression slope.
Intercept
7.4494
Linear regression intercept.
Saved 4 days ago · ID: fred-dexhkus_fred-pce_5y
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Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.