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Correlation
of values
+10%
In sync
of periods
64%
History
monthsmonths · through 2026-04
316
These move in the same direction about 64% of the time
Their swing sizes only faintly line up (~1% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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 tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Nonfarm Payrolls moves ~18 months before USD/VES Exchange Rate
Watch Nonfarm Payrolls for an early read on USD/VES Exchange Rate.
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)
63.9%
Headline metric
Movement correlation(i)
+10%
Based on values
95% CI
-1% → +21%
Likely range of correlation
Pipeline
Pipeline Summary
316 paired data points survived the monthly window.
Raw input
1,048
6,606
Normalized
1,048
6,606
Prepared
1,048
317
Aligned
316
316
Invalid removed
R²(i)
1.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
316
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
+27%
+17% stronger than no-shift baseline
USD/VES Exchange Rate shifted 18 months earlier. Reads: "Does Nonfarm Payrolls today line up with USD/VES Exchange Rate 18 months from now?"
298 overlapping points at this shift
Baseline
+10%
No-shift correlation, matching the main time-series chart above.
Peak shift
+18 months
+27%
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
+23%
108 periods · Return correlation when both series rose
Both Falling
+59%
13 periods · Return correlation when both series fell
Diverging
-6%
128 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
733
A: 732 / B: 1
Series A
Nonfarm Payrolls
PAYEMS
FRED · 1,048 raw → 1,048 prepared
Series B
USD/VES Exchange Rate
DEXVZUS
FRED · 6,606 raw → 317 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
4
Estimated crossover points between normalized spreads.
Slope
5.2478
Linear regression slope.
Intercept
-643572.9138
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexvzus_fred-payems_monthly_5y