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Correlation
of values
-78%
In sync
of periods
50%
History
monthsmonths · through 2026-04
532
These move in the same direction about 50% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~61% 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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Advanced
Statistics
In sync(i)
49.7%
Headline metric
Movement correlation(i)
-78%
Based on values
95% CI
-81% → -75%
Likely range of correlation
Pipeline
Pipeline Summary
532 paired data points survived the monthly window.
Raw input
1,000
533
Normalized
1,000
533
Prepared
1,000
533
Aligned
532
532
Invalid removed
R²(i)
61.0%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
532
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: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
-78%
No shift — both series at their actual dates.
532 overlapping points at this shift
Baseline
-78%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-78%
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
-1%
29 periods · Return correlation when both series rose
Both Falling
-58%
5 periods · Return correlation when both series fell
Diverging
-46%
30 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
469
A: 468 / B: 1
Series A
Total Consumer Credit
TOTALSL
FRED · 1,000 raw → 1,000 prepared
Series B
10-Year Real Interest Rate
REAINTRATREARAT10Y
FRED · 533 raw → 533 prepared
Sign agreement
95.3%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0000
Linear regression slope.
Intercept
4.6314
Linear regression intercept.
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