Loading market view
Loading market view
Loading correlations
Correlation
of values
+44%
In sync
of periods
52%
History
monthsmonths · through 2026-08
608
These move in the same direction about 52% of the time
Their swing sizes loosely line up (~19% 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)
52%
Headline metric
Movement correlation(i)
+44%
Based on values
95% CI
+37% → +50%
Likely range of correlation
Pipeline
Pipeline Summary
608 paired data points survived the monthly window.
Raw input
608
13,454
Normalized
608
13,454
Prepared
608
645
Aligned
608
608
Invalid removed
R²(i)
19%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
608
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
+44%
No shift — both series at their actual dates.
608 overlapping points at this shift
Baseline
+44%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+44%
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%
16 periods · Return correlation when both series rose
Both Falling
-27%
14 periods · Return correlation when both series fell
Diverging
-18%
21 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
37
A: 0 / B: 37
Series A
Total Vehicle Sales
TOTALSA
FRED · 608 raw → 608 prepared
Series B
USD/INR Exchange Rate
DEXINUS
FRED · 13,454 raw → 645 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
4.8612
Linear regression slope.
Intercept
-33.1802
Linear regression intercept.
Saved 4 months ago · ID: fred-dexinus_fred-totalsa_monthly_5y