Correlation
of values
-8%
In sync
of periods
50%
History
daysdays · through 2026-04-24
11,067
These move opposite each other about 50% 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.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
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)
49.8%
Headline metric
Movement correlation(i)
-8%
Based on values
95% CI
-10% → -6%
Likely range of correlation
Pipeline
Pipeline Summary
11,067 paired data points survived the daily window.
Raw input
11,085
11,370
Normalized
11,085
11,370
Prepared
11,085
11,370
Aligned
11,067
11,067
Invalid removed
R²(i)
0.6%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
11,067
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
-8%
No shift — both series at their actual dates.
11,067 overlapping points at this shift
Baseline
-8%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-8%
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
+3%
72 periods · Return correlation when both series rose
Both Falling
-9%
59 periods · Return correlation when both series fell
Diverging
-41%
118 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
321
A: 18 / B: 303
Series A
10Y-3M Yield Spread
T10Y3M
FRED · 11,085 raw → 11,085 prepared
Series B
USD/HKD Exchange Rate
DEXHKUS
FRED · 11,370 raw → 11,370 prepared
Sign agreement
88.9%
How often both values share the same sign.
Zero crossings
163
Estimated crossover points between normalized spreads.
Slope
-0.0176
Linear regression slope.
Intercept
7.7568
Linear regression intercept.
Saved 4 days ago · ID: fred-dexhkus_fred-t10y3m_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.