Correlation
of values
+54%
In sync
of periods
54%
History
daysdays · through 2026-03-01
603
These move in the same direction about 54% of the time
Their swing sizes loosely line up (~29% 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
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Explore
Advanced
Statistics
In sync(i)
53.8%
Headline metric
Movement correlation(i)
+54%
Based on values
95% CI
+48% → +60%
Likely range of correlation
Pipeline
Pipeline Summary
603 paired data points survived the daily window.
Raw input
795
603
Normalized
795
603
Prepared
795
603
Aligned
603
603
Invalid removed
R²(i)
29.4%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
603
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
+54%
No shift — both series at their actual dates.
603 overlapping points at this shift
Baseline
+54%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+54%
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
+22%
85 periods · Return correlation when both series rose
Both Falling
+44%
69 periods · Return correlation when both series fell
Diverging
-49%
95 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
192
A: 192 / B: 0
Series A
Building Permits
PERMIT
FRED · 795 raw → 795 prepared
Series B
Total Vehicle Sales
TOTALSA
FRED · 603 raw → 603 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
36
Estimated crossover points between normalized spreads.
Slope
0.0032
Linear regression slope.
Intercept
10.6993
Linear regression intercept.
Saved 4 days ago · ID: fred-permit_fred-totalsa_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.