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Medline Inc. Class A common stock (MDLN) vs EUR/USD Exchange Rate
Correlation
of % moves
+15%
In sync
of periods
55%
History
daysdays · through 2026-05-15
103
These move in the same direction about 55% of the time
Their swing sizes only faintly line up (~2% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
MDLN moves ~1 day before EUR/USD Exchange Rate
Watch MDLN for an early read on EUR/USD Exchange Rate.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
Advanced
Statistics
In sync(i)
55.0%
Headline metric
Movement correlation(i)
+15%
Based on % moves
95% CI
-4% → +34%
Likely range of correlation
Pipeline
Pipeline Summary
103 paired data points survived the daily window.
Raw input
108
6,864
Normalized
108
6,864
Prepared
108
6,864
Aligned
103
103
Invalid removed
R²(i)
2.3%
Variance explained
Significance
n.s.
Statistical confidence
Data points
103
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: -6 to 6 days.
Selected shift
+1 day
Correlation at this shift
+23%
+8% stronger than no-shift baseline
EUR/USD Exchange Rate shifted 1 day earlier. Reads: "Does Medline Inc. Class A common stock (MDLN) today line up with EUR/USD Exchange Rate 1 day from now?"
101 overlapping points at this shift
Baseline
+15%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 day
+23%
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
-10%
26 periods · Return correlation when both series rose
Both Falling
+25%
29 periods · Return correlation when both series fell
Diverging
-56%
47 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
6,766
A: 5 / B: 6761
Series A
Medline Inc. Class A common stock (MDLN)
MDLN
Stock · 108 raw → 108 prepared
Series B
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,864 raw → 6,864 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
16
Estimated crossover points between normalized spreads.
Slope
0.0222
Linear regression slope.
Intercept
-0.0001
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexuseu_stock-mdln_daily_5y