Loading market view
Loading market view
Loading correlations
Correlation
of values
-46%
In sync
of periods
47%
History
daysdays · through 2026-08-28
5,907
These move in the same direction about 47% of the time
Their swing sizes loosely mirror each other (~21% 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.
Advanced
Statistics
In sync(i)
47%
Headline metric
Movement correlation(i)
-46%
Based on values
95% CI
-48% → -44%
Pipeline
Pipeline Summary
5,907 paired data points survived the daily window.
Raw input
5,921
11,700
Normalized
5,921
11,700
Prepared
5,921
11,700
Aligned
5,907
5,907
Invalid removed
Likely range of correlation
R²(i)
21%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
5,907
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
-46%
No shift — both series at their actual dates.
5,907 overlapping points at this shift
Baseline
-46%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-46%
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
5,807
A: 14 / B: 5793
Series A
5-Year, 5-Year Forward Inflation Expectation Rate
T5YIFR
FRED · 5,921 raw → 5,921 prepared
Series B
USD/ZAR Exchange Rate
DEXSFUS
FRED · 11,700 raw → 11,700 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
-5.9852
Linear regression slope.
Intercept
25.1120
Linear regression intercept.
Saved 4 months ago · ID: fred-dexsfus_fred-t5yifr_daily_5y