SeriesMagCorrSyncOverlapThrough
Correlation
-47%
of % moves
In sync
44%
of periods
History
1,019
days · through 2026-05-04
These move opposite each other about 44% of the time
Their swing sizes loosely mirror each other (~23% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
43.8%
Headline metric
Movement correlation(i)
-47%
Based on % moves
95% CI
-52% → -43%
Pipeline
Pipeline Summary
1,019 paired data points survived the daily window.
Raw input
1,019
1,741
Normalized
1,019
1,741
Prepared
1,019
1,741
Aligned
1,019
1,019
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.
Likely range of correlation
R²(i)
22.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,019
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
No shift
Correlation at this shift
-47%
No shift — both series at their actual dates.
1,019 overlapping points at this shift
Baseline
-47%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-47%
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
N/A
3 periods · Return correlation when both series rose
Both Falling
-35%
5 periods · Return correlation when both series fell
Diverging
-27%
241 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
722
A: 0 / B: 722
Series A
WBD
Stock · 1,019 raw → 1,019 prepared
Series B
Interest on Reserve Balances
IORB
FRED · 1,741 raw → 1,741 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
18
Estimated crossover points between normalized spreads.
Slope
-0.0953
Linear regression slope.
Intercept
5.6025
Linear regression intercept.
Saved yesterday · ID: fred-iorb_stock-wbd_5y