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Correlation
of values
+34%
In sync
of periods
54%
History
monthsmonths · through 2026-05
306
These move in the same direction about 54% of the time
Their swing sizes only faintly line up (~11% 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.
What to Watch
USD/VES Exchange Rate moves ~10 months before Job Openings
Watch USD/VES Exchange Rate for an early read on Job Openings.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
54%
Headline metric
Movement correlation(i)
+34%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
306 paired data points survived the monthly window.
Raw input
306
6,638
Normalized
306
6,638
Prepared
306
319
Aligned
306
306
Invalid removed
11%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
306
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
-10 months
Correlation at this shift
+50%
+16% stronger than no-shift baseline
USD/VES Exchange Rate shifted 10 months later. Reads: "Does Job Openings today line up with USD/VES Exchange Rate 10 months ago?"
296 overlapping points at this shift
Baseline
+34%
No-shift correlation, matching the main time-series chart above.
Peak shift
-10 months
+50%
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
+43%
59 periods · Return correlation when both series rose
Both Falling
-21%
24 periods · Return correlation when both series fell
Diverging
-15%
113 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
13
A: 0 / B: 13
Series A
Job Openings
JTSJOL
FRED · 306 raw → 306 prepared
Series B
USD/VES Exchange Rate
DEXVZUS
FRED · 6,638 raw → 319 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
75.0512
Linear regression slope.
Intercept
-315059.1746
Linear regression intercept.
Saved 3 months ago · ID: fred-dexvzus_fred-jtsjol_monthly_5y