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RBC Bearings Incorporated (RBC) vs EUR/USD Exchange Rate
Correlation
of % moves
+8%
In sync
of periods
54%
History
daysdays · through 2026-05-15
995
These move in the same direction about 54% of the time
Their swing sizes only faintly line up (~1% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
Advanced
Statistics
In sync(i)
53.6%
Headline metric
Movement correlation(i)
+8%
Based on % moves
95% CI
+2% → +14%
Likely range of correlation
Pipeline
Pipeline Summary
995 paired data points survived the daily window.
Raw input
1,008
6,864
Normalized
1,008
6,864
Prepared
1,008
6,864
Aligned
995
995
Invalid removed
R²(i)
0.6%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points
995
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
+8%
No shift — both series at their actual dates.
993 overlapping points at this shift
Baseline
+8%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+8%
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
+28%
49 periods · Return correlation when both series rose
Both Falling
+7%
55 periods · Return correlation when both series fell
Diverging
-62%
90 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
5,882
A: 13 / B: 5869
Series A
RBC Bearings Incorporated (RBC)
RBC
Stock · 1,008 raw → 1,008 prepared
Series B
EUR/USD Exchange Rate
DEXUSEU
FRED · 6,864 raw → 6,864 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.0206
Linear regression slope.
Intercept
0.0001
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexuseu_stock-rbc_daily_5y