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Correlation
of values
+73%
In sync
of periods
49%
History
monthsmonths · through 2026-07
308
These move in the same direction about 49% of the time
When one swings, the other often swings by a similar amount (~53% 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
Job Openings moves ~15 months before USD/MYR Exchange Rate
Watch Job Openings for an early read on USD/MYR Exchange Rate.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
49%
Headline metric
Movement correlation(i)
+73%
Based on values
95% CI
+67% → +78%
Likely range of correlation
Pipeline
Pipeline Summary
308 paired data points survived the monthly window.
Raw input
308
13,940
Normalized
308
13,940
Prepared
308
669
Aligned
308
308
Invalid removed
R²(i)
53%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
308
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
+15 months
Correlation at this shift
+82%
+9% stronger than no-shift baseline
USD/MYR Exchange Rate shifted 15 months earlier. Reads: "Does Job Openings today line up with USD/MYR Exchange Rate 15 months from now?"
293 overlapping points at this shift
Baseline
+73%
No-shift correlation, matching the main time-series chart above.
Peak shift
+15 months
+82%
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
-8%
46 periods · Return correlation when both series rose
Both Falling
+46%
37 periods · Return correlation when both series fell
Diverging
-60%
110 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
361
A: 0 / B: 361
Series A
Job Openings
JTSJOL
FRED · 308 raw → 308 prepared
Series B
USD/MYR Exchange Rate
DEXMAUS
FRED · 13,940 raw → 669 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
0.0001
Linear regression slope.
Intercept
3.0010
Linear regression intercept.
Saved 4 months ago · ID: fred-dexmaus_fred-jtsjol_monthly_5y