Loading market view
Loading market view
Loading correlations
Correlation
of values
+61%
In sync
of periods
42%
History
daysdays · through 2026-09-04
2,483
These move in the same direction about 42% of the time
When one swings, the other often swings by a similar amount (~37% 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.
Advanced
Statistics
In sync(i)
42%
Headline metric
Movement correlation(i)
+61%
Based on values
95% CI
+58% → +63%
Pipeline
Pipeline Summary
2,483 paired data points survived the daily window.
Raw input
2,512
13,961
Normalized
2,512
13,961
Prepared
2,512
13,961
Aligned
2,483
2,483
Invalid removed
Likely range of correlation
R²(i)
37%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
2,483
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+61%
No shift — both series at their actual dates.
2,483 overlapping points at this shift
Baseline
+61%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+61%
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%
6 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-92%
26 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11,507
A: 29 / B: 11478
Series A
S&P 500
SP500
FRED · 2,512 raw → 2,512 prepared
Series B
USD/NOK Exchange Rate
DEXNOUS
FRED · 13,961 raw → 13,961 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
39
Estimated crossover points between normalized spreads.
Slope
0.0004
Linear regression slope.
Intercept
7.6812
Linear regression intercept.
Saved 4 months ago · ID: fred-dexnous_fred-sp500_daily_5y