SeriesMagCorrSyncOverlapThrough
Correlation
-51%
of values
In sync
50%
of periods
History
327
months · through 2026-03
These move opposite each other about 50% of the time
Their swing sizes loosely mirror each other (~26% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Time Series
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.
EUR/USD Exchange Rate moves ~18 months before Building Permits
Watch EUR/USD Exchange Rate for an early read on Building Permits.
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)
50.5%
Headline metric
Movement correlation(i)
-51%
Based on values
95% CI
-59% → -42%
Likely range of correlation
Pipeline
Pipeline Summary
327 paired data points survived the monthly window.
Raw input
795
6,849
Normalized
795
6,849
Prepared
795
328
Aligned
327
327
Invalid removed
Explore
R²(i)
25.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
327
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
-18 months
Correlation at this shift
-70%
+19% stronger than no-shift baseline
EUR/USD Exchange Rate shifted 18 months later. Reads: "Does Building Permits today line up with EUR/USD Exchange Rate 18 months ago?"
309 overlapping points at this shift
Baseline
-51%
No-shift correlation, matching the main time-series chart above.
Peak shift
-18 months
-70%
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
+8%
61 periods · Return correlation when both series rose
Both Falling
+3%
66 periods · Return correlation when both series fell
Diverging
-58%
122 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
469
A: 468 / B: 1
Series A
Building Permits
PERMIT
FRED · 795 raw → 795 prepared
Series B
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,849 raw → 328 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.0002
Linear regression slope.
Intercept
1.4298
Linear regression intercept.
Saved 3 days ago · ID: fred-dexuseu_fred-permit_5y
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.