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Correlation
of values
-34%
In sync
of periods
53%
History
weeksweeks · through 2026-20
2,888
These move in the same direction about 53% of the time
Their swing sizes only faintly mirror each other (~11% 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.
Advanced
Statistics
In sync(i)
52.7%
Headline metric
Movement correlation(i)
-34%
Based on values
95% CI
-37% → -30%
Pipeline
Pipeline Summary
2,888 paired data points survived the weekly window.
Raw input
2,889
13,884
Normalized
2,889
13,884
Prepared
2,889
2,888
Aligned
2,888
2,888
Invalid removed
Likely range of correlation
R²(i)
11.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
2,888
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
-34%
No shift — both series at their actual dates.
2,888 overlapping points at this shift
Baseline
-34%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-34%
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.
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1
A: 1 / B: 0
Series A
Chicago Financial Conditions
NFCI
FRED · 2,889 raw → 2,889 prepared
Series B
USD/NOK Exchange Rate
DEXNOUS
FRED · 13,884 raw → 2,888 prepared
Sign agreement
29.4%
How often both values share the same sign.
Zero crossings
37
Estimated crossover points between normalized spreads.
Slope
-0.4980
Linear regression slope.
Intercept
7.0941
Linear regression intercept.
Saved 3 weeks ago · ID: fred-dexnous_fred-nfci_weekly_5y