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Expeditors International of Washington, Inc. (EXPD) vs USD/HKD Exchange Rate
Correlation
of % moves
-8%
In sync
of periods
47%
History
daysdays · through 2026-05-15
1,238
These move in the same direction about 47% of the time
Their swing sizes only faintly mirror each other (~1% 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.
Advanced
Statistics
In sync(i)
46.7%
Headline metric
Movement correlation(i)
-8%
Based on % moves
95% CI
-13% → -2%
Likely range of correlation
Pipeline
Pipeline Summary
1,238 paired data points survived the daily window.
Raw input
1,254
11,385
Normalized
1,254
11,385
Prepared
1,254
11,385
Aligned
1,238
1,238
Invalid removed
R²(i)
0.6%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
1,238
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
-8%
No shift — both series at their actual dates.
1,237 overlapping points at this shift
Baseline
-8%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-8%
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
+11%
34 periods · Return correlation when both series rose
Both Falling
+12%
29 periods · Return correlation when both series fell
Diverging
-60%
83 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
10,163
A: 16 / B: 10147
Series A
Expeditors International of Washington, Inc. (EXPD)
EXPD
Stock · 1,254 raw → 1,254 prepared
Series B
USD/HKD Exchange Rate
DEXHKUS
FRED · 11,385 raw → 11,385 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
52
Estimated crossover points between normalized spreads.
Slope
-0.0022
Linear regression slope.
Intercept
0.0000
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexhkus_stock-expd_daily_5y