Loading market view
Loading market view
Loading correlations
Correlation
of % moves
-59%
In sync
of periods
24%
History
daysdays · through 2026-09-08
1,243
These move in the same direction about 24% of the time
Their swing sizes loosely mirror each other (~35% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
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)
24%
Headline metric
Movement correlation(i)
-59%
Based on % moves
95% CI
-63% → -55%
Likely range of correlation
Pipeline
Pipeline Summary
1,243 paired data points survived the daily window.
Raw input
11,173
1,253
Normalized
11,173
1,253
Prepared
11,173
1,253
Aligned
1,243
1,243
Invalid removed
R²(i)
35%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
1,242
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
-59%
No shift — both series at their actual dates.
1,242 overlapping points at this shift
Baseline
-59%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-59%
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
+8%
10 periods · Return correlation when both series rose
Both Falling
-29%
14 periods · Return correlation when both series fell
Diverging
-81%
117 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
9,940
A: 9930 / B: 10
Series A
10Y-3M Yield Spread
T10Y3M
FRED · 11,173 raw → 11,173 prepared
Series B
MUB
Stock · 1,253 raw → 1,253 prepared
Sign agreement
49.8%
How often both values share the same sign.
Zero crossings
47
Estimated crossover points between normalized spreads.
Slope
-0.0247
Linear regression slope.
Intercept
-0.0001
Linear regression intercept.
Saved 2 weeks ago · ID: fred-t10y3m_stock-mub_daily_5y