Loading market view
Loading market view
Loading correlations
Correlation
of values
+96%
In sync
of periods
—
History
monthsmonths · through 2026-04
186
These move together
When one swings, the other almost always swings by a closely matched amount (~91% 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)
N/A
Headline metric
Movement correlation(i)
+96%
Based on values
95% CI
+94% → +97%
Pipeline
Pipeline Summary
186 paired data points survived the monthly window.
Raw input
318
11,705
Normalized
318
11,705
Prepared
318
561
Aligned
186
186
Invalid removed
Likely range of correlation
R²(i)
91%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
186
Usable
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: 0 to 0 months.
Selected shift
No shift
Correlation at this shift
+96%
No shift — both series at their actual dates.
186 overlapping points at this shift
Baseline
+96%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+96%
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
507
A: 132 / B: 375
Series A
Real GDP
GDPC1
FRED · 318 raw → 318 prepared
Series B
USD/ZAR Exchange Rate
DEXSFUS
FRED · 11,705 raw → 561 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0010
Linear regression slope.
Intercept
-7.7092
Linear regression intercept.
Saved 4 months ago · ID: fred-dexsfus_fred-gdpc1_monthly_5y