SeriesMagCorrSyncOverlapThrough
Correlation
of values
+90%
In sync
of periods
72%
History
daysdays · through 2026-03-01
963
These move in the same direction about 72% of the time
When one swings, the other almost always swings by a closely matched amount (~80% 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
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
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)
71.6%
Headline metric
Movement correlation(i)
+90%
Based on values
95% CI
+88% → +91%
Likely range of correlation
Pipeline
Pipeline Summary
963 paired data points survived the daily window.
Raw input
1,359
963
Normalized
1,359
963
Prepared
1,359
963
Aligned
963
963
Invalid removed
R²(i)
80.3%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
963
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
+90%
No shift — both series at their actual dates.
963 overlapping points at this shift
Baseline
+90%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+90%
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
+61%
92 periods · Return correlation when both series rose
Both Falling
+92%
39 periods · Return correlation when both series fell
Diverging
-14%
118 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
396
A: 396 / B: 0
Series A
PPI: All Commodities
PPIACO
FRED · 1,359 raw → 1,359 prepared
Series B
Spot Crude Oil Price: West Texas Intermediate
WTISPLC
FRED · 963 raw → 963 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.3744
Linear regression slope.
Intercept
-11.1465
Linear regression intercept.
Saved 2 days ago · ID: fred-ppiaco_fred-wtisplc_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.