Correlation Analysis
Real Gross Domestic Product for United Kingdom (DISCONTINUED) vs Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for United Kingdom
CLVMNACSCAB1GQUK vs LRHUTTTTGBM156S
-0.801
Strong inverse
When one moves up, the other tends to move down.
AI Analysis
The strong negative correlation between Series A and Series B suggests that as one economic indicator increases, the other tends to decrease significantly, which may indicate an inverse relationship between these two data series. With nearly two-thirds of the variation in one series explained by movements in the other, investors should pay close attention to these indicators, as their trends could provide valuable insights for decision-making. However, the relatively low percentage of periods moving in the same direction and the timing offset imply that while the correlation is robust, it may not always be reliable for short-term predictions, warranting caution in interpretation and application.
Timing Offset
in sync
CLVMNACSCAB1GQUK and LRHUTTTTGBM156S tend to move at the same time.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: -0.804 (13 lags scanned)
R-Squared
64.6%
Share of variance in one series explained by the other.
Trend Agreement
19.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
151
Usable shared window — 151 usable pairs.
Significance
p < 0.001
95% CI: [-0.896, -0.646] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
151 paired observations survived the daily window.
Raw input
183
515
Normalized
183
515
Prepared
183
515
Aligned
151
151
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
396
A: 32 / B: 364
Series A
CLVMNACSCAB1GQUK
Real Gross Domestic Product for United Kingdom (DISCONTINUED)
FRED · 183 raw → 183 prepared
Series B
LRHUTTTTGBM156S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for United Kingdom
FRED · 515 raw → 515 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0000
Linear regression slope.
Intercept
14.9468
Linear regression intercept.
Saved 13 hours ago · ID: fred-clvmnacscab1gquk-vs-fred-lrhuttttgbm156s-daily-20260406-3assyi