Loading market view
Loading market view
Loading correlations
Correlation
of values
-53%
In sync
of periods
60%
History
daysdays · through 2026-07-02
2,482
These move in the same direction about 60% of the time
Their swing sizes loosely mirror each other (~28% 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
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Advanced
Statistics
In sync(i)
60%
Headline metric
Movement correlation(i)
-53%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
2,482 paired data points survived the daily window.
Raw input
2,512
13,910
Normalized
2,512
13,910
Prepared
2,512
13,910
Aligned
2,482
2,482
Invalid removed
28%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
2,482
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.
2,482 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
+34%
16 periods · Return correlation when both series rose
Both Falling
+1%
13 periods · Return correlation when both series fell
Diverging
-61%
8 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11,458
A: 30 / B: 11428
Series A
S&P 500
SP500
FRED · 2,512 raw → 2,512 prepared
Series B
AUD/USD Exchange Rate
DEXUSAL
FRED · 13,910 raw → 13,910 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
21
Estimated crossover points between normalized spreads.
Slope
-0.0000
Linear regression slope.
Intercept
0.7758
Linear regression intercept.
Saved 3 months ago · ID: fred-dexusal_fred-sp500_daily_5y