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Correlation
of values
+97%
In sync
of periods
59%
History
monthsmonths · through 2026-03
639
These move in the same direction about 59% 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)
58.9%
Headline metric
Movement correlation(i)
+97%
Based on values
95% CI
+96% → +97%
Pipeline
Pipeline Summary
639 paired data points survived the monthly window.
Raw input
807
13,377
Normalized
807
13,377
Prepared
807
641
Aligned
639
639
Invalid removed
Likely range of correlation
R²(i)
93.8%
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+97%
No shift — both series at their actual dates.
639 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.
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
+13%
22 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-53%
17 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
170
A: 168 / B: 2
Series A
PCE Price Index
PCEPI
FRED · 807 raw → 807 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,377 raw → 641 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
0.8600
Linear regression slope.
Intercept
-24.0342
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexinus_fred-pcepi_monthly_5y