Loading market view
Loading market view
Loading correlations
Correlation
of values
-16%
In sync
of periods
54%
History
monthsmonths · through 2026-03
607
These move in the same direction about 54% of the time
Their swing sizes only faintly mirror each other (~2% 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
Consumer Sentiment moves ~18 months before USD/JPY Exchange Rate
Watch Consumer Sentiment for an early read on USD/JPY Exchange Rate.
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)
53.8%
Headline metric
Movement correlation(i)
-16%
Based on values
95% CI
-23% → -8%
Likely range of correlation
Pipeline
Pipeline Summary
607 paired data points survived the monthly window.
Raw input
671
13,879
Normalized
671
13,879
Prepared
671
665
Aligned
607
607
Invalid removed
R²(i)
2.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
607
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
+18 months
Correlation at this shift
-22%
+6% stronger than no-shift baseline
USD/JPY Exchange Rate shifted 18 months earlier. Reads: "Does Consumer Sentiment today line up with USD/JPY Exchange Rate 18 months from now?"
561 overlapping points at this shift
Baseline
-16%
No-shift correlation, matching the main time-series chart above.
Peak shift
+18 months
-22%
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
-34%
14 periods · Return correlation when both series rose
Both Falling
-14%
8 periods · Return correlation when both series fell
Diverging
-43%
14 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
122
A: 64 / B: 58
Series A
Consumer Sentiment
UMCSENT
FRED · 671 raw → 671 prepared
Series B
USD/JPY Exchange Rate
DEXJPUS
FRED · 13,879 raw → 665 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
10
Estimated crossover points between normalized spreads.
Slope
-0.6510
Linear regression slope.
Intercept
198.0802
Linear regression intercept.
Saved 3 weeks ago · ID: fred-dexjpus_fred-umcsent_monthly_5y