SeriesMagCorrOverlapThrough
These move opposite each other about 52% of the time
Very strong inverse
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Toncoin
TON
Layer 1 · USD pair
10Y-2Y Yield Spread
T10Y2Y
What to Watch
Unusual right now
Recent correlation (+43%) is 5.1σ from the long-run average of -90% — pair is behaving differently than usual.
Holds across regimes
Correlation is similar when markets rise (+12%) and fall (+10%) — 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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
-90%
No shift — both series at their actual dates.
480 overlapping points at this shift
Time series with 10Y-2Y Yield Spread 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
-90%
Pearson correlation
95% CI
-91% → -88%
Likely range
R²
80.8%
Variance explained
Trend agreement
52.1%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
480
Robust
Pipeline
Pipeline Summary
480 paired data points survived the daily window.
Raw input
703
12,474
Normalized
703
12,474
Prepared
703
12,474
Aligned
480
480
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
+12%
68 periods · Return correlation when both series rose
Both Falling
+10%
64 periods · Return correlation when both series fell
Diverging
-43%
117 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
12,217
A: 223 / B: 11994
Series A
Toncoin
TON
Crypto · 703 raw → 703 prepared
Series B
T10Y2Y
FRED · 12,474 raw → 12,474 prepared
Sign agreement
82.4%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
-0.1533
Linear regression slope.
Intercept
0.8931
Linear regression intercept.
Saved 2 days ago · ID: crypto:ton|fred:t10y2y|5Y
T10Y2Y
10Y-2Y Yield Spread
Strongest positive