SeriesMagCorrOverlapThrough
These move together about 52% of the time
Light positive
Weak relationship — not much actionable signal here beyond directional colour.
Housing Starts
HOUST
Consumer Sentiment (UMich)
UMCSENT
What to Watch
Unusual right now
Recent correlation (-39%) is 2.6σ from the long-run average of +38% — pair is behaving differently than usual.
Holds across regimes
Correlation is similar when markets rise (+27%) and fall (+41%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
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
+38%
No shift — both series at their actual dates.
653 overlapping points at this shift
Time series with Consumer Sentiment (UMich) at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+38%
Pearson correlation
95% CI
+32% → +45%
Likely range
R²
14.7%
Variance explained
Trend agreement
51.9%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
653
Robust
Pipeline
Pipeline Summary
653 paired data points survived the daily window.
Raw input
807
671
Normalized
807
671
Prepared
807
671
Aligned
653
653
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
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
+27%
71 periods · Return correlation when both series rose
Both Falling
+41%
65 periods · Return correlation when both series fell
Diverging
-55%
113 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
172
A: 154 / B: 18
Series A
HOUST
FRED · 807 raw → 807 prepared
Series B
UMCSENT
FRED · 671 raw → 671 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
64
Estimated crossover points between normalized spreads.
Slope
0.0138
Linear regression slope.
Intercept
65.1225
Linear regression intercept.
Saved 2 days ago · ID: fred:houst|fred:umcsent|5Y
UMCSENT
Consumer Sentiment (UMich)
Strongest positive