Correlation Analysis
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for United Kingdom vs Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United Kingdom
LRHUTTTTGBM156S vs GBRCPIALLMINMEI
-0.770
Strong inverse
When one moves up, the other tends to move down.
AI Analysis
The strong negative correlation between Series A (LRHUTTTTGBM156S) and Series B (GBRCPIALLMINMEI) suggests that as one series increases, the other tends to decrease, indicating an inverse relationship between the two economic indicators. With over 60% of the variance explained by their relationship and a notable synchronization in their movements, this could be useful for investors looking to hedge against inflationary pressures reflected in Series B as they relate to the trends in Series A. However, it's important to note that while the timing offset shows they are in sync, relying solely on this correlation for investment decisions may overlook other influencing factors and potential market anomalies.
Timing Offset
in sync
LRHUTTTTGBM156S and GBRCPIALLMINMEI tend to move at the same time.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: -0.777 (13 lags scanned)
R-Squared
60.3%
Share of variance in one series explained by the other.
Trend Agreement
42.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
507
Robust shared window — 507 usable pairs.
Significance
p < 0.001
95% CI: [-0.880, -0.602] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
507 paired observations survived the daily window.
Raw input
515
843
Normalized
515
843
Prepared
515
843
Aligned
507
507
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
344
A: 8 / B: 336
Series A
LRHUTTTTGBM156S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for United Kingdom
FRED · 515 raw → 515 prepared
Series B
GBRCPIALLMINMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United Kingdom
FRED · 843 raw → 843 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-8.5177
Linear regression slope.
Intercept
138.9906
Linear regression intercept.
Saved 13 hours ago · ID: fred-lrhuttttgbm156s-vs-fred-gbrcpiallminmei-daily-20260406-3qq7zz