SeriesMagCorrOverlapThrough
These move together about 45% of the time
Near-zero positive
Weak relationship — not much actionable signal here beyond directional colour.
10Y-2Y Yield Spread
T10Y2Y
Total Consumer Credit
TOTALSL
What to Watch
Holds across regimes
Correlation is similar when markets rise (+5%) and fall (-22%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
+2%
No shift — both series at their actual dates.
597 overlapping points at this shift
Time series with Total Consumer Credit at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+2%
Pearson correlation
95% CI
-6% → +10%
Likely range
R²
0.1%
Variance explained
Trend agreement
45.5%
Same-direction moves
Significance
n.s.
Statistical confidence
Data points
597
Robust
Pipeline
Pipeline Summary
597 paired data points survived the weekly window.
Raw input
12,474
998
Normalized
12,474
998
Prepared
2,605
998
Aligned
597
597
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
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
+5%
97 periods · Return correlation when both series rose
Both Falling
-22%
12 periods · Return correlation when both series fell
Diverging
-23%
140 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,409
A: 2008 / B: 401
Series A
T10Y2Y
FRED · 12,474 raw → 2,605 prepared
Series B
TOTALSL
FRED · 998 raw → 998 prepared
Sign agreement
82.9%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
39033.9915
Linear regression slope.
Intercept
1995787.8160
Linear regression intercept.
Saved 2 days ago · ID: fred:t10y2y|fred:totalsl|5Y
TOTALSL
Total Consumer Credit
Strongest positive