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Correlation
of values
+81%
In sync
of periods
50%
History
monthsmonths · through 2026-07
308
These move in the same direction about 50% of the time
When one swings, the other almost always swings by a closely matched amount (~65% 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
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
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.
Advanced
Statistics
In sync(i)
50%
Headline metric
Movement correlation(i)
+81%
Based on values
95% CI
+77% → +84%
Likely range of correlation
Pipeline
Pipeline Summary
308 paired data points survived the monthly window.
Raw input
308
13,449
Normalized
308
13,449
Prepared
308
644
Aligned
308
308
Invalid removed
R²(i)
65%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
308
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+81%
No shift — both series at their actual dates.
308 overlapping points at this shift
Baseline
+81%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+81%
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
-2%
56 periods · Return correlation when both series rose
Both Falling
-19%
41 periods · Return correlation when both series fell
Diverging
-66%
96 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
336
A: 0 / B: 336
Series A
Job Openings
JTSJOL
FRED · 308 raw → 308 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,449 raw → 644 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
0.0054
Linear regression slope.
Intercept
30.5237
Linear regression intercept.
Saved 4 months ago · ID: fred-dexinus_fred-jtsjol_monthly_5y