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Correlation
of values
-48%
In sync
of periods
46%
History
daysdays · through 2026-05-15
5,835
These move in the same direction about 46% of the time
Their swing sizes loosely mirror each other (~23% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
Advanced
Statistics
In sync(i)
45.9%
Headline metric
Movement correlation(i)
-48%
Based on values
95% CI
-50% → -46%
Pipeline
Pipeline Summary
5,835 paired data points survived the daily window.
Raw input
5,850
13,869
Normalized
5,850
13,869
Prepared
5,850
13,869
Aligned
5,835
5,835
Invalid removed
Likely range of correlation
R²(i)
23.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
5,835
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
-48%
No shift — both series at their actual dates.
5,835 overlapping points at this shift
Baseline
-48%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-48%
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
8,049
A: 15 / B: 8034
Series A
10Y Real Yield
DFII10
FRED · 5,850 raw → 5,850 prepared
Series B
NZD/USD Exchange Rate
DEXUSNZ
FRED · 13,869 raw → 13,869 prepared
Sign agreement
83.7%
How often both values share the same sign.
Zero crossings
34
Estimated crossover points between normalized spreads.
Slope
-0.0379
Linear regression slope.
Intercept
0.7280
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexusnz_fred-dfii10_daily_5y