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Correlation
of values
-53%
In sync
of periods
37%
History
daysdays · through 2026-05-15
6,864
These move in the same direction about 37% of the time
Their swing sizes loosely mirror each other (~28% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
Advanced
Statistics
In sync(i)
37.1%
Headline metric
Movement correlation(i)
-53%
Based on values
95% CI
-55% → -51%
Pipeline
Pipeline Summary
6,864 paired data points survived the daily window.
Raw input
6,864
13,879
Normalized
6,864
13,879
Prepared
6,864
13,879
Aligned
6,864
6,864
Invalid removed
Likely range of correlation
R²(i)
27.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
6,864
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
-53%
No shift — both series at their actual dates.
6,864 overlapping points at this shift
Baseline
-53%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-53%
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.
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
7,015
A: 0 / B: 7015
Series A
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,864 raw → 6,864 prepared
Series B
USD/JPY Exchange Rate
DEXJPUS
FRED · 13,879 raw → 13,879 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
83
Estimated crossover points between normalized spreads.
Slope
-63.7821
Linear regression slope.
Intercept
188.4375
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexjpus_fred-dexuseu_daily_5y