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Correlation
of values
-67%
In sync
of periods
53%
History
monthsmonths · through 2026-06
389
These move in the same direction about 53% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~44% 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)
53%
Headline metric
Movement correlation(i)
-67%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
389 paired data points survived the monthly window.
Raw input
389
13,911
Normalized
389
13,911
Prepared
389
667
Aligned
389
389
Invalid removed
44%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
389
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
-67%
No shift — both series at their actual dates.
389 overlapping points at this shift
Baseline
-67%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-67%
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
-31%
23 periods · Return correlation when both series rose
Both Falling
-20%
27 periods · Return correlation when both series fell
Diverging
-44%
70 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
278
A: 0 / B: 278
Series A
U-6 Unemployment Rate
U6RATE
FRED · 389 raw → 389 prepared
Series B
USD/JPY Exchange Rate
DEXJPUS
FRED · 13,911 raw → 667 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
-4.0330
Linear regression slope.
Intercept
153.1811
Linear regression intercept.
Saved 3 months ago · ID: fred-dexjpus_fred-u6rate_monthly_5y