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Correlation
of % moves
-12%
In sync
of periods
49%
History
daysdays · through 2026-05-01
75
These move opposite each other about 49% of the time
Their swing sizes only faintly mirror each other (~1% 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.
What to Watch
MRSH moves ~3 days before USD/HKD Exchange Rate
Watch MRSH for an early read on USD/HKD Exchange Rate.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
48.6%
Headline metric
Movement correlation(i)
-12%
Based on % moves
95% CI
-34% → +11%
Likely range of correlation
Pipeline
Pipeline Summary
75 paired data points survived the daily window.
Raw input
81
11,375
Normalized
81
11,375
Prepared
81
11,375
Aligned
75
75
Invalid removed
R²(i)
1.4%
Variance explained
Significance
n.s.
Statistical confidence
Data points
75
Thin
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
+3 days
Correlation at this shift
-23%
+11% stronger than no-shift baseline
USD/HKD Exchange Rate shifted 3 days earlier. Reads: "Does MRSH today line up with USD/HKD Exchange Rate 3 days from now?"
71 overlapping points at this shift
Baseline
-12%
No-shift correlation, matching the main time-series chart above.
Peak shift
+3 days
-23%
A non-zero peak suggests one series lines up better when shifted against the other.
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%
20 periods · Return correlation when both series rose
Both Falling
+3%
15 periods · Return correlation when both series fell
Diverging
-60%
39 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11,306
A: 6 / B: 11300
Series A
MRSH
Stock · 81 raw → 81 prepared
Series B
USD/HKD Exchange Rate
DEXHKUS
FRED · 11,375 raw → 11,375 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.0031
Linear regression slope.
Intercept
0.0001
Linear regression intercept.
Saved 2 days ago · ID: fred-dexhkus_stock-mrsh_daily_5y