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Correlation
of values
-63%
In sync
of periods
30%
History
monthsmonths · through 2024-01
54
These move opposite each other about 30% of the time
Their swing sizes loosely mirror each other (~40% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
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)
30.2%
Headline metric
Movement correlation(i)
-63%
Based on values
95% CI
-77% → -44%
Likely range of correlation
Pipeline
Pipeline Summary
54 paired data points survived the monthly window.
Raw input
65
13,884
Normalized
65
13,884
Prepared
65
665
Aligned
54
54
Invalid removed
R²(i)
39.7%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
54
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
-63%
No shift — both series at their actual dates.
54 overlapping points at this shift
Baseline
-63%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-63%
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
-0%
9 periods · Return correlation when both series rose
Both Falling
+45%
7 periods · Return correlation when both series fell
Diverging
-68%
37 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
622
A: 11 / B: 611
Series A
Inflation, consumer prices
FPCPITOTLZGUSA
FRED · 65 raw → 65 prepared
Series B
USD/SEK Exchange Rate
DEXSDUS
FRED · 13,884 raw → 665 prepared
Sign agreement
98.1%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.3821
Linear regression slope.
Intercept
8.5746
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexsdus_fred-fpcpitotlzgusa_monthly_5y