SeriesMagCorrSyncOverlapThrough
Correlation
of values
+51%
In sync
of periods
50%
History
weeksweeks · through 2026-17
2,884
These move in the same direction about 50% of the time
Their swing sizes loosely line up (~26% 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
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
50.2%
Headline metric
Movement correlation(i)
+51%
Based on values
95% CI
+49% → +54%
Likely range of correlation
Pipeline
Pipeline Summary
2,884 paired data points survived the weekly window.
Raw input
2,886
13,864
Normalized
2,886
13,864
Prepared
2,886
2,884
Aligned
2,884
2,884
Invalid removed
R²(i)
26.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
2,884
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
+51%
No shift — both series at their actual dates.
2,884 overlapping points at this shift
Baseline
+51%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+51%
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
+53%
55 periods · Return correlation when both series rose
Both Falling
+53%
62 periods · Return correlation when both series fell
Diverging
-57%
132 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2
A: 2 / B: 0
Series A
Chicago Financial Conditions
NFCI
FRED · 2,886 raw → 2,886 prepared
Series B
USD/JPY Exchange Rate
DEXJPUS
FRED · 13,864 raw → 2,884 prepared
Sign agreement
29.4%
How often both values share the same sign.
Zero crossings
18
Estimated crossover points between normalized spreads.
Slope
35.5908
Linear regression slope.
Intercept
156.3326
Linear regression intercept.
Saved 2 days ago · ID: fred-dexjpus_fred-nfci_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.