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Correlation
of values
-24%
In sync
of periods
51%
History
daysdays · through 2026-05-15
6,824
These move in the same direction about 51% of the time
Their swing sizes only faintly mirror each other (~6% 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.
Advanced
Statistics
In sync(i)
51.1%
Headline metric
Movement correlation(i)
-24%
Based on values
95% CI
-26% → -22%
Pipeline
Pipeline Summary
6,824 paired data points survived the daily window.
Raw input
13,941
6,864
Normalized
13,941
6,864
Prepared
13,941
6,864
Aligned
6,824
6,824
Invalid removed
Likely range of correlation
R²(i)
5.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
6,824
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
-24%
No shift — both series at their actual dates.
6,824 overlapping points at this shift
Baseline
-24%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-24%
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
7,157
A: 7117 / B: 40
Series A
NASDAQ Composite
NASDAQCOM
FRED · 13,941 raw → 13,941 prepared
Series B
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,864 raw → 6,864 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.0000
Linear regression slope.
Intercept
1.2229
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexuseu_fred-nasdaqcom_daily_5y