Correlation Analysis
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for United Kingdom vs Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United Kingdom
LRHUTTTTGBM156S vs IRLTLT01GBM156N
+0.744
Strong positive
When one moves up, the other tends to follow.
AI Analysis
The strong correlation between Series A and Series B indicates that as one data series rises or falls, the other tends to follow suit, suggesting a meaningful relationship in their movements over time. Notably, Series B often leads Series A by two periods, which is crucial for investors and economists to consider for forecasting purposes. However, while the correlation is significant, it’s essential to recognize that external factors may influence these series, and their relationship may not always hold in different economic contexts.
Timing Offset
y leads x by 2 periods
IRLTLT01GBM156N tends to move before LRHUTTTTGBM156S.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: +0.839 (13 lags scanned)
R-Squared
56.9%
Share of variance in one series explained by the other.
Trend Agreement
43.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
515
Robust shared window — 515 usable pairs.
Significance
p < 0.001
95% CI: [0.566, 0.868] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
515 paired observations survived the daily window.
Raw input
515
794
Normalized
515
794
Prepared
515
794
Aligned
515
515
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
279
A: 0 / B: 279
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
IRLTLT01GBM156N
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United Kingdom
FRED · 794 raw → 794 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
6
Estimated crossover points between normalized spreads.
Slope
1.1276
Linear regression slope.
Intercept
-2.0993
Linear regression intercept.
Saved 13 hours ago · ID: fred-lrhuttttgbm156s-vs-fred-irltlt01gbm156n-daily-20260406-birelr