Loading market view
Loading market view
Loading correlations
USD/HKD Exchange Rate vs Shake Shack Inc. (SHAK)
Correlation
of % moves
+1%
In sync
of periods
49%
History
daysdays · through 2026-06-05
1,240
These move in the same direction about 49% 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.
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
SHAK moves ~6 days before USD/HKD Exchange Rate
Watch SHAK for an early read on USD/HKD Exchange Rate.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
48.6%
Headline metric
Movement correlation(i)
+1%
Based on % moves
95% CI
-4% → +7%
Likely range of correlation
Pipeline
Pipeline Summary
1,240 paired data points survived the daily window.
Raw input
11,399
1,255
Normalized
11,399
1,255
Prepared
11,399
1,255
Aligned
1,240
1,240
Invalid removed
R²(i)
0.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
1,240
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
+6%
+5% stronger than no-shift baseline
Shake Shack Inc. (SHAK) shifted 6 days later. Reads: "Does USD/HKD Exchange Rate today line up with Shake Shack Inc. (SHAK) 6 days ago?"
1,233 overlapping points at this shift
Baseline
+1%
No-shift correlation, matching the main time-series chart above.
Peak shift
-6 days
+6%
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
-12%
37 periods · Return correlation when both series rose
Both Falling
+3%
38 periods · Return correlation when both series fell
Diverging
-52%
67 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
10,174
A: 10159 / B: 15
Series A
USD/HKD Exchange Rate
DEXHKUS
FRED · 11,399 raw → 11,399 prepared
Series B
Shake Shack Inc. (SHAK)
SHAK
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
0.8019
Linear regression slope.
Intercept
-0.0005
Linear regression intercept.
Saved 4 weeks ago · ID: fred-dexhkus_stock-shak_daily_5y