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Correlation
of values
+67%
In sync
of periods
50%
History
daysdays · through 2026-07-02
2,052
These move in the same direction about 50% of the time
When one swings, the other often swings by a similar amount (~45% 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)
50%
Headline metric
Movement correlation(i)
+67%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
2,052 paired data points survived the daily window.
Raw input
2,061
13,409
Normalized
2,061
13,409
Prepared
2,061
13,409
Aligned
2,052
2,052
Invalid removed
45%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
2,052
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
+67%
No shift — both series at their actual dates.
2,052 overlapping points at this shift
Baseline
+67%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+67%
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
+55%
12 periods · Return correlation when both series rose
Both Falling
-9%
15 periods · Return correlation when both series fell
Diverging
-76%
26 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 · 2,061 raw → 2,061 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,409 raw → 13,409 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
2.4434
Linear regression slope.
Intercept
72.2129
Linear regression intercept.
Saved 3 months ago · ID: fred-dexinus_fred-sofr_daily_5y