Loading market view
Loading market view
Loading correlations
Correlation
of values
+95%
In sync
of periods
60%
History
monthsmonths · through 2026-05
1,289
These move in the same direction about 60% of the time
When one swings, the other almost always swings by a closely matched amount (~91% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
Advanced
Statistics
In sync(i)
60%
Headline metric
Movement correlation(i)
+95%
Based on values
95% CI
N/A
Pipeline
Pipeline Summary
1,289 paired data points survived the monthly window.
Raw input
1,289
1,361
Normalized
1,289
1,361
Prepared
1,289
1,361
Aligned
1,289
1,289
Invalid removed
Likely range
R²(i)
91%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
1,289
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+95%
No shift — both series at their actual dates.
1,289 overlapping points at this shift
Baseline
+95%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+95%
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
72
A: 0 / B: 72
Series A
Industrial Production
INDPRO
FRED · 1,289 raw → 1,289 prepared
Series B
PPI: All Commodities
PPIACO
FRED · 1,361 raw → 1,361 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
1.9781
Linear regression slope.
Intercept
-8.7950
Linear regression intercept.
Saved 3 months ago · ID: fred-indpro_fred-ppiaco_monthly_5y