Loading market view
Loading market view
Loading correlations
Correlation
of values
+64%
In sync
of periods
56%
History
monthsmonths · through 2026-04
328
These move in the same direction about 56% of the time
Their swing sizes loosely line up (~42% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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 looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
56.3%
Headline metric
Movement correlation(i)
+64%
Based on values
95% CI
+58% → +70%
Likely range of correlation
Pipeline
Pipeline Summary
328 paired data points survived the monthly window.
Raw input
964
6,854
Normalized
964
6,854
Prepared
964
329
Aligned
328
328
Invalid removed
R²(i)
41.6%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
328
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
No shift
Correlation at this shift
+64%
No shift — both series at their actual dates.
328 overlapping points at this shift
Baseline
+64%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+64%
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
+30%
85 periods · Return correlation when both series rose
Both Falling
+64%
58 periods · Return correlation when both series fell
Diverging
-52%
106 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
637
A: 636 / B: 1
Series A
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 964 raw → 964 prepared
Series B
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,854 raw → 329 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
0.0038
Linear regression slope.
Intercept
0.9457
Linear regression intercept.
Saved 2 days ago · ID: fred-dexuseu_fred-wtisplc_monthly_5y