Loading market view
Loading market view
Loading correlations
Correlation
of values
+97%
In sync
of periods
61%
History
daysdays · through 2026-07-02
11,654
These move in the same direction about 61% of the time
When one swings, the other almost always swings by a closely matched amount (~94% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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)
61%
Headline metric
Movement correlation(i)
+97%
Based on values
95% CI
N/A
Pipeline
Pipeline Summary
11,654 paired data points survived the daily window.
Raw input
13,409
11,660
Normalized
13,409
11,660
Prepared
13,409
11,660
Aligned
11,654
11,654
Invalid removed
Likely range
R²(i)
94%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
11,654
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
+97%
No shift — both series at their actual dates.
11,654 overlapping points at this shift
Baseline
+97%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+97%
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
1,761
A: 1755 / B: 6
Series A
USD/INR Exchange Rate
DEXINUS
FRED · 13,409 raw → 13,409 prepared
Series B
USD/ZAR Exchange Rate
DEXSFUS
FRED · 11,660 raw → 11,660 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
0.2220
Linear regression slope.
Intercept
-1.9944
Linear regression intercept.
Saved 3 months ago · ID: fred-dexinus_fred-dexsfus_daily_5y