Loading market view
Loading market view
Loading correlations
Correlation
of values
+79%
In sync
of periods
45%
History
monthsmonths · through 2026-05
245
These move in the same direction about 45% of the time
When one swings, the other often swings by a similar amount (~62% 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.
What to Watch
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
45%
Headline metric
Movement correlation(i)
+79%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
245 paired data points survived the monthly window.
Raw input
413
5,139
Normalized
413
5,139
Prepared
413
247
Aligned
245
245
Invalid removed
62%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
245
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
+79%
No shift — both series at their actual dates.
245 overlapping points at this shift
Baseline
+79%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+79%
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
+9%
79 periods · Return correlation when both series rose
Both Falling
+25%
31 periods · Return correlation when both series fell
Diverging
-36%
134 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
170
A: 168 / B: 2
Series A
Retail Sales
RSAFS
FRED · 413 raw → 413 prepared
Series B
US Dollar Index
DTWEXAFEGS
FRED · 5,139 raw → 247 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0001
Linear regression slope.
Intercept
69.8997
Linear regression intercept.
Saved 3 months ago · ID: fred-dtwexafegs_fred-rsafs_monthly_5y