Correlation
of values
+35%
In sync
of periods
49%
History
daysdays · through 2026-04-24
5,820
These move in the same direction about 49% of the time
Their swing sizes only faintly line up (~12% 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
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Explore
Advanced
Statistics
In sync(i)
49.3%
Headline metric
Movement correlation(i)
+35%
Based on values
95% CI
+33% → +37%
Likely range of correlation
Pipeline
Pipeline Summary
5,820 paired data points survived the daily window.
Raw input
5,837
11,370
Normalized
5,837
11,370
Prepared
5,837
11,370
Aligned
5,820
5,820
Invalid removed
R²(i)
12.3%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
5,820
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
+35%
No shift — both series at their actual dates.
5,820 overlapping points at this shift
Baseline
+35%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+35%
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
+7%
61 periods · Return correlation when both series rose
Both Falling
+20%
56 periods · Return correlation when both series fell
Diverging
-47%
132 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
5,567
A: 17 / B: 5550
Series A
5Y Breakeven Inflation
T5YIE
FRED · 5,837 raw → 5,837 prepared
Series B
USD/HKD Exchange Rate
DEXHKUS
FRED · 11,370 raw → 11,370 prepared
Sign agreement
99.0%
How often both values share the same sign.
Zero crossings
131
Estimated crossover points between normalized spreads.
Slope
0.0195
Linear regression slope.
Intercept
7.7468
Linear regression intercept.
Saved 4 days ago · ID: fred-dexhkus_fred-t5yie_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.