SeriesMagCorrSyncOverlapThrough
Correlation
of values
+91%
In sync
of periods
45%
History
daysdays · through 2026-04-24
2,482
These move in the same direction about 45% of the time
When one swings, the other almost always swings by a closely matched amount (~83% 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.
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)
45.4%
Headline metric
Movement correlation(i)
+91%
Based on values
95% CI
+91% → +92%
Likely range of correlation
Pipeline
Pipeline Summary
2,482 paired data points survived the daily window.
Raw input
2,515
13,362
Normalized
2,515
13,362
Prepared
2,515
13,362
Aligned
2,482
2,482
Invalid removed
R²(i)
83.3%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
2,482
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
+91%
No shift — both series at their actual dates.
2,482 overlapping points at this shift
Baseline
+91%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+91%
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
-34%
61 periods · Return correlation when both series rose
Both Falling
-8%
33 periods · Return correlation when both series fell
Diverging
-66%
155 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
10,913
A: 33 / B: 10880
Series A
S&P 500
SP500
FRED · 2,515 raw → 2,515 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,362 raw → 13,362 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
0.0053
Linear regression slope.
Intercept
55.2757
Linear regression intercept.
Saved 2 days ago · ID: fred-dexinus_fred-sp500_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.