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Correlation
of values
+66%
In sync
of periods
49%
History
daysdays · through 2026-09-11
2,101
These move in the same direction about 49% of the time
When one swings, the other often swings by a similar amount (~43% 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
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Advanced
Statistics
In sync(i)
49%
Headline metric
Movement correlation(i)
+66%
Based on values
95% CI
+63% → +68%
Likely range of correlation
Pipeline
Pipeline Summary
2,101 paired data points survived the daily window.
Raw input
2,110
13,458
Normalized
2,110
13,458
Prepared
2,110
13,458
Aligned
2,101
2,101
Invalid removed
R²(i)
43%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
2,101
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
+66%
No shift — both series at their actual dates.
2,101 overlapping points at this shift
Baseline
+66%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+66%
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
+42%
7 periods · Return correlation when both series rose
Both Falling
-9%
15 periods · Return correlation when both series fell
Diverging
-48%
29 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11,366
A: 9 / B: 11357
Series A
Secured Overnight Financing Rate
SOFR
FRED · 2,110 raw → 2,110 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,458 raw → 13,458 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
2.5295
Linear regression slope.
Intercept
72.3194
Linear regression intercept.
Saved 4 months ago · ID: fred-dexinus_fred-sofr_daily_5y