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Correlation
of values
-46%
In sync
of periods
—
History
monthsmonths · through 2025-10
220
These move together
Their swing sizes loosely mirror each other (~21% 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.
Advanced
Statistics
In sync(i)
N/A
Headline metric
Movement correlation(i)
-46%
Based on values
95% CI
-56% → -35%
Pipeline
Pipeline Summary
220 paired data points survived the monthly window.
Raw input
240
2,891
Normalized
240
2,891
Prepared
240
665
Aligned
220
220
Invalid removed
Likely range of correlation
R²(i)
20.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
220
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: 0 to 0 months.
Selected shift
No shift
Correlation at this shift
-46%
No shift — both series at their actual dates.
220 overlapping points at this shift
Baseline
-46%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-46%
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.
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
465
A: 20 / B: 445
Series A
Debt-to-GDP Ratio
GFDEGDQ188S
FRED · 240 raw → 240 prepared
Series B
Chicago Financial Conditions
NFCI
FRED · 2,891 raw → 665 prepared
Sign agreement
29.5%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0156
Linear regression slope.
Intercept
1.0452
Linear regression intercept.
Saved last month · ID: fred-gfdegdq188s_fred-nfci_monthly_5y