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Correlation
of values
-53%
In sync
of periods
52%
History
daysdays · through 2026-05-01
11,247
These move opposite each other about 52% of the time
Their swing sizes loosely mirror each other (~29% 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
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
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)
52.1%
Headline metric
Movement correlation(i)
-53%
Based on values
95% CI
-55% → -52%
Likely range of correlation
Pipeline
Pipeline Summary
11,247 paired data points survived the daily window.
Raw input
12,480
11,294
Normalized
12,480
11,294
Prepared
12,480
11,294
Aligned
11,247
11,247
Invalid removed
R²(i)
28.6%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
11,247
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
-53%
No shift — both series at their actual dates.
11,247 overlapping points at this shift
Baseline
-53%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-53%
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
-7%
74 periods · Return correlation when both series rose
Both Falling
+1%
78 periods · Return correlation when both series fell
Diverging
-14%
97 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,280
A: 1233 / B: 47
Series A
2Y Treasury Yield
DGS2
FRED · 12,480 raw → 12,480 prepared
Series B
USD/THB Exchange Rate
DEXTHUS
FRED · 11,294 raw → 11,294 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.9234
Linear regression slope.
Intercept
35.8297
Linear regression intercept.
Saved 2 days ago · ID: fred-dexthus_fred-dgs2_daily_5y