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Correlation
of values
+38%
In sync
of periods
44%
History
monthsmonths · through 2026-04
664
These move in the same direction about 44% of the time
Their swing sizes only faintly line up (~15% 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.
What to Watch
Spot Crude Oil Price: West Texas Intermediate moves ~13 months before USD/SEK Exchange Rate
Watch Spot Crude Oil Price: West Texas Intermediate for an early read on USD/SEK Exchange Rate.
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)
44.1%
Headline metric
Movement correlation(i)
+38%
Based on values
95% CI
+32% → +45%
Likely range of correlation
Pipeline
Pipeline Summary
664 paired data points survived the monthly window.
Raw input
964
13,884
Normalized
964
13,884
Prepared
964
665
Aligned
664
664
Invalid removed
R²(i)
14.6%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
664
Robust
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
+13 months
Correlation at this shift
+45%
+7% stronger than no-shift baseline
USD/SEK Exchange Rate shifted 13 months earlier. Reads: "Does Spot Crude Oil Price: West Texas Intermediate today line up with USD/SEK Exchange Rate 13 months from now?"
651 overlapping points at this shift
Baseline
+38%
No-shift correlation, matching the main time-series chart above.
Peak shift
+13 months
+45%
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
+8%
54 periods · Return correlation when both series rose
Both Falling
+31%
38 periods · Return correlation when both series fell
Diverging
-68%
157 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
301
A: 300 / B: 1
Series A
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 964 raw → 964 prepared
Series B
USD/SEK Exchange Rate
DEXSDUS
FRED · 13,884 raw → 665 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
0.0240
Linear regression slope.
Intercept
6.2148
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexsdus_fred-wtisplc_monthly_5y