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Correlation
of values
+80%
In sync
of periods
51%
History
monthsmonths · through 2026-05
306
These move in the same direction about 51% of the time
When one swings, the other almost always swings by a closely matched amount (~64% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Job Openings moves ~15 months before USD/ZAR Exchange Rate
Watch Job Openings for an early read on USD/ZAR Exchange Rate.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
51%
Headline metric
Movement correlation(i)
+80%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
306 paired data points survived the monthly window.
Raw input
306
11,660
Normalized
306
11,660
Prepared
306
559
Aligned
306
306
Invalid removed
64%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
306
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
+15 months
Correlation at this shift
+89%
+9% stronger than no-shift baseline
USD/ZAR Exchange Rate shifted 15 months earlier. Reads: "Does Job Openings today line up with USD/ZAR Exchange Rate 15 months from now?"
291 overlapping points at this shift
Baseline
+80%
No-shift correlation, matching the main time-series chart above.
Peak shift
+15 months
+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
+6%
48 periods · Return correlation when both series rose
Both Falling
+1%
46 periods · Return correlation when both series fell
Diverging
-68%
102 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
253
A: 0 / B: 253
Series A
Job Openings
JTSJOL
FRED · 306 raw → 306 prepared
Series B
USD/ZAR Exchange Rate
DEXSFUS
FRED · 11,660 raw → 559 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
0.0015
Linear regression slope.
Intercept
3.4245
Linear regression intercept.
Saved 3 months ago · ID: fred-dexsfus_fred-jtsjol_monthly_5y