SeriesMagCorrSyncOverlapThrough
Correlation
-6%
of values
In sync
51%
of periods
History
279
weeks · through 2026-09
These move opposite each other about 51% of the time
Their swing sizes only faintly mirror each other (~0% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Time Series
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
10Y Breakeven Inflation moves ~12 weeks before Bank Reserves
Watch 10Y Breakeven Inflation for an early read on Bank Reserves.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
51.3%
Headline metric
Movement correlation(i)
-6%
Based on values
95% CI
-17% → +6%
Likely range of correlation
Pipeline
Pipeline Summary
279 paired data points survived the weekly window.
Raw input
5,837
807
Normalized
5,837
807
Prepared
1,218
807
Aligned
279
279
Invalid removed
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.
R²(i)
0.3%
Variance explained
Significance
n.s.
Statistical confidence
Data points
279
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: -12 to 12 weeks.
Selected shift
+12 weeks
Correlation at this shift
-18%
+12% stronger than no-shift baseline
Bank Reserves shifted 12 weeks earlier. Reads: "Does 10Y Breakeven Inflation today line up with Bank Reserves 12 weeks from now?"
267 overlapping points at this shift
Baseline
-6%
No-shift correlation, matching the main time-series chart above.
Peak shift
+12 weeks
-18%
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
+3%
72 periods · Return correlation when both series rose
Both Falling
-25%
57 periods · Return correlation when both series fell
Diverging
-57%
120 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,467
A: 939 / B: 528
Series A
10Y Breakeven Inflation
T10YIE
FRED · 5,837 raw → 1,218 prepared
Series B
Bank Reserves
TOTRESNS
FRED · 807 raw → 807 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-176.2332
Linear regression slope.
Intercept
2170.9377
Linear regression intercept.
Saved yesterday · ID: fred-t10yie_fred-totresns_5y