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Correlation
of values
+91%
In sync
of periods
48%
History
weeksweeks · through 2026-15
1,058
These move in the same direction about 48% of the time
When one swings, the other almost always swings by a closely matched amount (~83% 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
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
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.
Explore
Advanced
Statistics
In sync(i)
47.6%
Headline metric
Movement correlation(i)
+91%
Based on values
95% CI
+90% → +92%
Likely range of correlation
Pipeline
Pipeline Summary
1,058 paired data points survived the weekly window.
Raw input
5,092
2,362
Normalized
5,092
2,362
Prepared
1,060
2,362
Aligned
1,058
1,058
Invalid removed
R²(i)
82.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,058
Deep
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
+91%
No shift — both series at their actual dates.
1,058 overlapping points at this shift
Baseline
+91%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+91%
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
+47%
72 periods · Return correlation when both series rose
Both Falling
+26%
51 periods · Return correlation when both series fell
Diverging
-63%
126 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,306
A: 2 / B: 1304
Series A
US Dollar Index
DTWEXEMEGS
FRED · 5,092 raw → 1,060 prepared
Series B
M2
WM2NS
FRED · 2,362 raw → 2,362 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
328.5513
Linear regression slope.
Intercept
-23069.8917
Linear regression intercept.
Saved last week · ID: fred-dtwexemegs_fred-wm2ns_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
No additional saved correlations yet.