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Correlation
of values
+95%
In sync
of periods
68%
History
monthsmonths · through 2026-03
231
These move in the same direction about 68% of the time
When one swings, the other almost always swings by a closely matched amount (~91% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
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)
67.8%
Headline metric
Movement correlation(i)
+95%
Based on values
95% CI
+94% → +96%
Likely range of correlation
Pipeline
Pipeline Summary
231 paired data points survived the monthly window.
Raw input
807
231
Normalized
807
231
Prepared
807
231
Aligned
231
231
Invalid removed
R²(i)
90.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
231
Usable
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
+95%
No shift — both series at their actual dates.
231 overlapping points at this shift
Baseline
+95%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+95%
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
+80%
137 periods · Return correlation when both series rose
Both Falling
+13%
19 periods · Return correlation when both series fell
Diverging
-61%
74 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
576
A: 576 / B: 0
Series A
Real Disposable Income
DSPIC96
FRED · 807 raw → 807 prepared
Series B
Real Personal Consumption
PCEC96
FRED · 231 raw → 231 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
10
Estimated crossover points between normalized spreads.
Slope
0.8221
Linear regression slope.
Intercept
1176.8578
Linear regression intercept.
Saved 2 days ago · ID: fred-dspic96_fred-pcec96_monthly_5y