Correlation Analysis
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada vs Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Canada
LRUNTTTTCAM156S vs IRSTCB01CAM156N
+0.263
Light positive
When one moves up, the other tends to follow.
AI Analysis
The correlation between Series A (LRUNTTTTCAM156S) and Series B (IRSTCB01CAM156N) suggests a modest relationship, with about a quarter of the time showing both series moving in the same direction. Notably, changes in Series B tend to lead Series A by two periods, indicating that shifts in Series B may signal future movements in Series A. However, the low R-squared value indicates that other factors likely drive these series, so investors should be cautious and consider additional data before drawing conclusions or making decisions based solely on this correlation.
Timing Offset
y leads x by 2 periods
IRSTCB01CAM156N tends to move before LRUNTTTTCAM156S.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: +0.535 (13 lags scanned)
R-Squared
3.9%
Share of variance in one series explained by the other.
Trend Agreement
26.7%
How often both series moved in the same direction period-to-period.
Overlap Quality
768
Deep shared window — 768 usable pairs.
Significance
n.s.
95% CI: [-0.140, 0.494] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
768 paired observations survived the daily window.
Raw input
853
768
Normalized
853
768
Prepared
853
768
Aligned
768
768
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
85
A: 85 / B: 0
Series A
LRUNTTTTCAM156S
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada
FRED · 853 raw → 853 prepared
Series B
IRSTCB01CAM156N
Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Canada
FRED · 768 raw → 768 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
0.3422
Linear regression slope.
Intercept
2.9577
Linear regression intercept.
Saved 13 hours ago · ID: fred-lrunttttcam156s-vs-fred-irstcb01cam156n-daily-20260406-uz2apc