Loading market view
Loading market view
Loading correlations
Block, Inc. (XYZ) vs USD/TWD Exchange Rate
Correlation
of % moves
+14%
In sync
of periods
46%
History
daysdays · through 2026-05-15
330
These move in the same direction about 46% of the time
Their swing sizes only faintly line up (~2% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
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)
46.1%
Headline metric
Movement correlation(i)
+14%
Based on % moves
95% CI
+4% → +25%
Likely range of correlation
Pipeline
Pipeline Summary
330 paired data points survived the daily window.
Raw input
337
10,398
Normalized
337
10,398
Prepared
337
10,398
Aligned
330
330
Invalid removed
R²(i)
2.1%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points
330
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+14%
No shift — both series at their actual dates.
329 overlapping points at this shift
Baseline
+14%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+14%
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
-6%
62 periods · Return correlation when both series rose
Both Falling
+69%
45 periods · Return correlation when both series fell
Diverging
-41%
142 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
10,075
A: 7 / B: 10068
Series A
Block, Inc. (XYZ)
XYZ
Stock · 337 raw → 337 prepared
Series B
USD/TWD Exchange Rate
DEXTAUS
FRED · 10,398 raw → 10,398 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
12
Estimated crossover points between normalized spreads.
Slope
0.0171
Linear regression slope.
Intercept
-0.0001
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dextaus_stock-xyz_daily_5y