Loading market view
Loading market view
Loading correlations
Correlation
of values
+89%
In sync
of periods
44%
History
daysdays · through 2026-07-02
1,232
These move in the same direction about 44% of the time
When one swings, the other almost always swings by a closely matched amount (~79% 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)
44%
Headline metric
Movement correlation(i)
+89%
Based on values
95% CI
N/A
Pipeline
Pipeline Summary
1,232 paired data points survived the daily window.
Raw input
1,806
11,660
Normalized
1,806
11,660
Prepared
1,806
11,660
Aligned
1,232
1,232
Invalid removed
Likely range
R²(i)
79%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
1,232
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
+89%
No shift — both series at their actual dates.
1,232 overlapping points at this shift
Baseline
+89%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+89%
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
+20%
5 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
-5%
123 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11,002
A: 574 / B: 10428
Series A
Interest on Reserve Balances
IORB
FRED · 1,806 raw → 1,806 prepared
Series B
USD/ZAR Exchange Rate
DEXSFUS
FRED · 11,660 raw → 11,660 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
45
Estimated crossover points between normalized spreads.
Slope
0.6460
Linear regression slope.
Intercept
15.0010
Linear regression intercept.
Saved 3 months ago · ID: fred-dexsfus_fred-iorb_daily_5y