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Correlation
of values
+89%
In sync
of periods
67%
History
monthsmonths · through 2024-01
31
These move in the same direction about 67% of the time
When one swings, the other almost always swings by a closely matched amount (~79% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
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)
66.7%
Headline metric
Movement correlation(i)
+89%
Based on values
95% CI
+78% → +95%
Likely range of correlation
Pipeline
Pipeline Summary
31 paired data points survived the monthly window.
Raw input
51
8,153
Normalized
51
8,153
Prepared
51
391
Aligned
31
31
Invalid removed
R²(i)
79.0%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
31
Thin
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
+89%
No shift — both series at their actual dates.
31 overlapping points at this shift
Baseline
+89%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+89%
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
-26%
15 periods · Return correlation when both series rose
Both Falling
-73%
5 periods · Return correlation when both series fell
Diverging
-79%
10 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
380
A: 20 / B: 360
Series A
Real Median Personal Income in the United States
MEPAINUSA672N
FRED · 51 raw → 51 prepared
Series B
USD/MXN Exchange Rate
DEXMXUS
FRED · 8,153 raw → 391 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0012
Linear regression slope.
Intercept
-32.9123
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexmxus_fred-mepainusa672n_monthly_5y