SeriesMagCorrSyncOverlapThrough
Correlation
of values
+96%
In sync
of periods
52%
History
weeksweeks · through 2026-09
639
These move in the same direction about 52% of the time
When one swings, the other almost always swings by a closely matched amount (~92% 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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
52.2%
Headline metric
Movement correlation(i)
+96%
Based on values
95% CI
+95% → +96%
Likely range of correlation
Pipeline
Pipeline Summary
639 paired data points survived the weekly window.
Raw input
1,047
13,362
Normalized
1,047
13,362
Prepared
1,047
2,782
Aligned
639
639
Invalid removed
R²(i)
91.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
639
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
+96%
No shift — both series at their actual dates.
639 overlapping points at this shift
Baseline
+96%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+96%
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
-4%
117 periods · Return correlation when both series rose
Both Falling
+33%
12 periods · Return correlation when both series fell
Diverging
-44%
120 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,551
A: 408 / B: 2143
Series A
Nonfarm Payrolls
PAYEMS
FRED · 1,047 raw → 1,047 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,362 raw → 2,782 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0010
Linear regression slope.
Intercept
-79.4578
Linear regression intercept.
Saved 4 days ago · ID: fred-dexinus_fred-payems_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.