Loading market view
Loading market view
Loading correlations
Correlation
of values
-23%
In sync
of periods
44%
History
weeksweeks · through 2026-20
1,690
These move in the same direction about 44% of the time
Their swing sizes only faintly mirror each other (~5% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
Both lines start at the same point — easy to compare when growth rates are similar.
Advanced
Statistics
In sync(i)
44.3%
Headline metric
Movement correlation(i)
-23%
Based on values
95% CI
-27% → -18%
Pipeline
Pipeline Summary
1,690 paired data points survived the weekly window.
Raw input
1,690
13,869
Normalized
1,690
13,869
Prepared
1,690
2,887
Aligned
1,690
1,690
Invalid removed
Likely range of correlation
R²(i)
5.3%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,690
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
-23%
No shift — both series at their actual dates.
1,690 overlapping points at this shift
Baseline
-23%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-23%
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
1,197
A: 0 / B: 1197
Series A
St. Louis Financial Stress Index
STLFSI4
FRED · 1,690 raw → 1,690 prepared
Series B
NZD/USD Exchange Rate
DEXUSNZ
FRED · 13,869 raw → 2,887 prepared
Sign agreement
35.3%
How often both values share the same sign.
Zero crossings
104
Estimated crossover points between normalized spreads.
Slope
-0.0237
Linear regression slope.
Intercept
0.6531
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexusnz_fred-stlfsi4_weekly_5y