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Correlation
of values
+60%
In sync
of periods
50%
History
weeksweeks · through 2026-20
1,697
These move in the same direction about 50% of the time
Their swing sizes loosely line up (~36% 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
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
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.
Advanced
Statistics
In sync(i)
50.1%
Headline metric
Movement correlation(i)
+60%
Based on values
95% CI
+57% → +63%
Likely range of correlation
Pipeline
Pipeline Summary
1,697 paired data points survived the weekly window.
Raw input
1,860
8,153
Normalized
1,860
8,153
Prepared
1,860
1,697
Aligned
1,697
1,697
Invalid removed
R²(i)
36.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,697
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
+60%
No shift — both series at their actual dates.
1,697 overlapping points at this shift
Baseline
+60%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+60%
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
+10%
65 periods · Return correlation when both series rose
Both Falling
-0%
66 periods · Return correlation when both series fell
Diverging
-50%
118 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
163
A: 163 / B: 0
Series A
US Gas Price
GASREGW
FRED · 1,860 raw → 1,860 prepared
Series B
USD/MXN Exchange Rate
DEXMXUS
FRED · 8,153 raw → 1,697 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
3.0684
Linear regression slope.
Intercept
6.0075
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexmxus_fred-gasregw_weekly_5y