Loading market view
Loading market view
Loading correlations
Correlation
of values
-78%
In sync
of periods
46%
History
monthsmonths · through 2026-03
543
These move opposite each other about 46% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~60% 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
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)
46.5%
Headline metric
Movement correlation(i)
-78%
Based on values
95% CI
-81% → -74%
Likely range of correlation
Pipeline
Pipeline Summary
543 paired data points survived the monthly window.
Raw input
999
11,384
Normalized
999
11,384
Prepared
999
545
Aligned
543
543
Invalid removed
R²(i)
60.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
543
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
No shift
Correlation at this shift
-78%
No shift — both series at their actual dates.
543 overlapping points at this shift
Baseline
-78%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-78%
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
+2%
99 periods · Return correlation when both series rose
Both Falling
+30%
14 periods · Return correlation when both series fell
Diverging
-18%
136 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
458
A: 456 / B: 2
Series A
Total Consumer Credit
TOTALSL
FRED · 999 raw → 999 prepared
Series B
USD/SGD Exchange Rate
DEXSIUS
FRED · 11,384 raw → 545 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0000
Linear regression slope.
Intercept
1.9625
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexsius_fred-totalsl_monthly_5y