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Correlation
of values
+82%
In sync
of periods
61%
History
monthsmonths · through 2026-04
808
These move in the same direction about 61% of the time
When one swings, the other often swings by a similar amount (~68% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
Advanced
Statistics
In sync(i)
61.3%
Headline metric
Movement correlation(i)
+82%
Based on values
95% CI
+80% → +85%
Pipeline
Pipeline Summary
808 paired data points survived the monthly window.
Raw input
808
965
Normalized
808
965
Prepared
808
965
Aligned
808
808
Invalid removed
Likely range of correlation
R²(i)
68.0%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
808
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+82%
No shift — both series at their actual dates.
808 overlapping points at this shift
Baseline
+82%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+82%
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
+24%
5 periods · Return correlation when both series rose
Both Falling
N/A
1 periods · Return correlation when both series fell
Diverging
-1%
7 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
157
A: 0 / B: 157
Series A
PCE Price Index
PCEPI
FRED · 808 raw → 808 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 965 raw → 965 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
0.7387
Linear regression slope.
Intercept
-11.4528
Linear regression intercept.
Saved last month · ID: fred-pcepi_fred-wtisplc_monthly_5y