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Correlation
of values
-56%
In sync
of periods
52%
History
monthsmonths · through 2026-06
419
These move in the same direction about 52% of the time
Their swing sizes loosely mirror each other (~31% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
15Y Mortgage Rate moves ~18 months before Spot Crude Oil Price: West Texas Intermediate
Watch 15Y Mortgage Rate for an early read on Spot Crude Oil Price: West Texas Intermediate.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Advanced
Statistics
In sync(i)
52%
Headline metric
Movement correlation(i)
-56%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
419 paired data points survived the monthly window.
Raw input
1,819
966
Normalized
1,819
966
Prepared
420
966
Aligned
419
419
Invalid removed
31%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
419
Robust
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
+18 months
Correlation at this shift
-63%
+8% stronger than no-shift baseline
Spot Crude Oil Price: West Texas Intermediate shifted 18 months earlier. Reads: "Does 15Y Mortgage Rate today line up with Spot Crude Oil Price: West Texas Intermediate 18 months from now?"
401 overlapping points at this shift
Baseline
-56%
No-shift correlation, matching the main time-series chart above.
Peak shift
+18 months
-63%
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
-4%
26 periods · Return correlation when both series rose
Both Falling
+56%
29 periods · Return correlation when both series fell
Diverging
-51%
50 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
548
A: 1 / B: 547
Series A
15Y Mortgage Rate
MORTGAGE15US
FRED · 1,819 raw → 420 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 966 raw → 966 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
-9.1821
Linear regression slope.
Intercept
101.6216
Linear regression intercept.
Saved 3 months ago · ID: fred-mortgage15us_fred-wtisplc_monthly_5y