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Correlation
of values
-21%
In sync
of periods
47%
History
monthsmonths · through 2026-04
387
These move in the same direction about 47% of the time
Their swing sizes only faintly mirror each other (~4% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
46.8%
Headline metric
Movement correlation(i)
-21%
Based on values
95% CI
-30% → -11%
Likely range of correlation
Pipeline
Pipeline Summary
387 paired data points survived the monthly window.
Raw input
387
13,377
Normalized
387
13,377
Prepared
387
641
Aligned
387
387
Invalid removed
R²(i)
4.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
387
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
-21%
No shift — both series at their actual dates.
387 overlapping points at this shift
Baseline
-21%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-21%
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
+16%
34 periods · Return correlation when both series rose
Both Falling
-6%
29 periods · Return correlation when both series fell
Diverging
-17%
66 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
254
A: 0 / B: 254
Series A
U-6 Unemployment Rate
U6RATE
FRED · 387 raw → 387 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
1
Estimated crossover points between normalized spreads.
Slope
-1.1129
Linear regression slope.
Intercept
66.2876
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexinus_fred-u6rate_monthly_5y