Correlation
+3%
of % moves
In sync
43%
of periods
History
1,238
days · through 2026-04-24
These move in the same direction about 43% of the time
Their swing sizes barely line up — almost no shared pattern.
Roughly random — these don't track each other in a meaningful way.
Time Series
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.
PSA moves ~6 days before USD/DKK Exchange Rate
Watch PSA for an early read on USD/DKK Exchange Rate.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
42.9%
Headline metric
Movement correlation(i)
+3%
Based on % moves
95% CI
-3% → +8%
Likely range of correlation
Pipeline
Pipeline Summary
1,238 paired data points survived the daily window.
Raw input
1,255
13,869
Normalized
1,255
13,869
Prepared
1,255
13,869
Aligned
1,238
1,238
Invalid removed
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
R²(i)
0.1%
Variance explained
Significance
n.s.
Statistical confidence
Data points
1,238
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
+6 days
Correlation at this shift
+9%
+6% stronger than no-shift baseline
USD/DKK Exchange Rate shifted 6 days earlier. Reads: "Does Public Storage (PSA) today line up with USD/DKK Exchange Rate 6 days from now?"
1,232 overlapping points at this shift
Baseline
+3%
No-shift correlation, matching the main time-series chart above.
Peak shift
+6 days
+9%
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%
46 periods · Return correlation when both series rose
Both Falling
-1%
44 periods · Return correlation when both series fell
Diverging
-71%
159 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
12,648
A: 17 / B: 12631
Series A
PSA
Stock · 1,255 raw → 1,255 prepared
Series B
USD/DKK Exchange Rate
DEXDNUS
FRED · 13,869 raw → 13,869 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
57
Estimated crossover points between normalized spreads.
Slope
0.0003
Linear regression slope.
Intercept
6.6701
Linear regression intercept.
Saved yesterday · ID: fred-dexdnus_stock-psa_5y