SeriesMagCorrSyncOverlapThrough
Correlation
of values
+94%
In sync
of periods
69%
History
daysdays · through 2025-10-01
252
These move in the same direction about 69% of the time
When one swings, the other almost always swings by a closely matched amount (~88% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Rock solid
The relationship barely changes from period to period — treat it as a reliable signal.
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Advanced
Statistics
In sync(i)
68.8%
Headline metric
Movement correlation(i)
+94%
Based on values
95% CI
+92% → +95%
Likely range of correlation
Pipeline
Pipeline Summary
252 paired data points survived the daily window.
Raw input
1,047
252
Normalized
1,047
252
Prepared
1,047
252
Aligned
252
252
Invalid removed
R²(i)
87.7%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
252
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+94%
No shift — both series at their actual dates.
252 overlapping points at this shift
Baseline
+94%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+94%
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
+25%
148 periods · Return correlation when both series rose
Both Falling
+48%
17 periods · Return correlation when both series fell
Diverging
-45%
84 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
795
A: 795 / B: 0
Series A
Nonfarm Payrolls
PAYEMS
FRED · 1,047 raw → 1,047 prepared
Series B
Median Home Price
MSPUS
FRED · 252 raw → 252 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
3.7937
Linear regression slope.
Intercept
-261853.0410
Linear regression intercept.
Saved 4 days ago · ID: fred-mspus_fred-payems_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.