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Correlation
of values
-64%
In sync
of periods
54%
History
daysdays · through 2026-09-04
13,454
These move in the same direction about 54% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~41% 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.
Advanced
Statistics
In sync(i)
54%
Headline metric
Movement correlation(i)
-64%
Based on values
95% CI
-65% → -63%
Pipeline
Pipeline Summary
13,454 paired data points survived the daily window.
Raw input
13,956
13,454
Normalized
13,956
13,454
Prepared
13,956
13,454
Aligned
13,454
13,454
Invalid removed
Likely range of correlation
R²(i)
41%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
13,454
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
-64%
No shift — both series at their actual dates.
13,454 overlapping points at this shift
Baseline
-64%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-64%
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.
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
502
A: 502 / B: 0
Series A
USD/JPY Exchange Rate
DEXJPUS
FRED · 13,956 raw → 13,956 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,454 raw → 13,454 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
39
Estimated crossover points between normalized spreads.
Slope
-0.2561
Linear regression slope.
Intercept
77.4178
Linear regression intercept.
Saved 4 months ago · ID: fred-dexinus_fred-dexjpus_daily_5y