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Correlation
of values
-32%
In sync
of periods
50%
History
weeksweeks · through 2026-18
1,220
These move opposite each other about 50% of the time
Their swing sizes only faintly mirror each other (~10% 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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
50.2%
Headline metric
Movement correlation(i)
-32%
Based on values
95% CI
-37% → -27%
Likely range of correlation
Pipeline
Pipeline Summary
1,220 paired data points survived the weekly window.
Raw input
1,221
11,294
Normalized
1,221
11,294
Prepared
1,221
2,365
Aligned
1,220
1,220
Invalid removed
R²(i)
10.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,220
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
-32%
No shift — both series at their actual dates.
1,220 overlapping points at this shift
Baseline
-32%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-32%
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
+25%
52 periods · Return correlation when both series rose
Both Falling
+5%
63 periods · Return correlation when both series fell
Diverging
-42%
134 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,146
A: 1 / B: 1145
Series A
Fed Balance Sheet
WALCL
FRED · 1,221 raw → 1,221 prepared
Series B
USD/THB Exchange Rate
DEXTHUS
FRED · 11,294 raw → 2,365 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0000
Linear regression slope.
Intercept
35.6685
Linear regression intercept.
Saved 2 days ago · ID: fred-dexthus_fred-walcl_weekly_5y