Correlation Explorer
See how relationships across rates, credit, equities, FX, commodities and liquidity change through time.
Correlation is not a permanent property of markets. Relationships that look stable in one regime can weaken, disappear or reverse when inflation, policy, liquidity or risk appetite changes. The BondStats Correlation Explorer lets you compare cross-asset relationships over multiple horizons, switch between levels and changes, and inspect rolling correlation rather than relying on a single full-period number.
Why rolling correlation matters
A single correlation coefficient can hide large changes underneath the surface. Bonds and equities, for example, may behave very differently during a disinflationary slowdown than during an inflation shock. Rolling correlation exposes those regime shifts by recalculating the relationship through time.
The explorer is designed as a market-intelligence tool rather than a trading signal. Correlation describes how two series moved together in the selected sample; it does not establish causality and can change quickly when the macro regime changes.
What you can compare
The underlying dataset spans major rates, yield-curve, credit, equity, foreign-exchange, commodity, liquidity and money-market series. Use shorter windows to inspect recent market behavior and longer windows to distinguish temporary co-movement from more durable structural relationships.