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Correlation
of values
+75%
In sync
of periods
58%
History
monthsmonths · through 2026-05
98
These move in the same direction about 58% of the time
When one swings, the other often swings by a similar amount (~56% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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.
Total Consumer Credit moves ~13 months before Secured Overnight Financing Rate
Watch Total Consumer Credit for an early read on Secured Overnight Financing Rate.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
58%
Headline metric
Movement correlation(i)
+75%
Based on values
95% CI
+65% → +83%
Likely range of correlation
Pipeline
Pipeline Summary
98 paired data points survived the monthly window.
Raw input
1,001
2,079
Normalized
1,001
2,079
Prepared
1,001
100
Aligned
98
98
Invalid removed
R²(i)
56%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
98
Usable
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
+13 months
Correlation at this shift
+83%
+8% stronger than no-shift baseline
Secured Overnight Financing Rate shifted 13 months earlier. Reads: "Does Total Consumer Credit today line up with Secured Overnight Financing Rate 13 months from now?"
85 overlapping points at this shift
Baseline
+75%
No-shift correlation, matching the main time-series chart above.
Peak shift
+13 months
+83%
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
+13%
49 periods · Return correlation when both series rose
Both Falling
-1%
6 periods · Return correlation when both series fell
Diverging
-8%
42 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
905
A: 903 / B: 2
Series A
Total Consumer Credit
TOTALSL
FRED · 1,001 raw → 1,001 prepared
Series B
Secured Overnight Financing Rate
SOFR
FRED · 2,079 raw → 100 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0000
Linear regression slope.
Intercept
-12.9309
Linear regression intercept.
Saved 3 months ago · ID: fred-sofr_fred-totalsl_monthly_5y