SeriesMagCorrSyncOverlapThrough
Correlation
+64%
of values
In sync
48%
of periods
History
243
months · through 2026-03
These move in the same direction about 48% of the time
Their swing sizes loosely line up (~40% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Time Series
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
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
US Dollar Index moves ~17 months before Building Permits
Watch US Dollar Index for an early read on Building Permits.
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)
48.1%
Headline metric
Movement correlation(i)
+64%
Based on values
95% CI
+55% → +70%
Likely range of correlation
Pipeline
Pipeline Summary
243 paired data points survived the monthly window.
Raw input
795
5,092
Normalized
795
5,092
Prepared
795
244
Aligned
243
243
Invalid removed
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
R²(i)
40.4%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
243
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
-17 months
Correlation at this shift
+80%
+17% stronger than no-shift baseline
US Dollar Index shifted 17 months later. Reads: "Does Building Permits today line up with US Dollar Index 17 months ago?"
226 overlapping points at this shift
Baseline
+64%
No-shift correlation, matching the main time-series chart above.
Peak shift
-17 months
+80%
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
-13%
53 periods · Return correlation when both series rose
Both Falling
+3%
63 periods · Return correlation when both series fell
Diverging
-61%
126 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
553
A: 552 / B: 1
Series A
Building Permits
PERMIT
FRED · 795 raw → 795 prepared
Series B
US Dollar Index
DTWEXBGS
FRED · 5,092 raw → 244 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
16
Estimated crossover points between normalized spreads.
Slope
0.0206
Linear regression slope.
Intercept
80.9525
Linear regression intercept.
Saved 3 days ago · ID: fred-dtwexbgs_fred-permit_5y