Correlation Analysis
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada vs Unemployment Rate
LRUNTTTTCAM156S vs UNRATE
+0.667
Strong positive
When one moves up, the other tends to follow.
AI Analysis
The correlation between Series A (LRUNTTTTCAM156S) and Series B (UNRATE) indicates a strong relationship, suggesting that as one series increases or decreases, the other tends to follow suit about 89% of the time. This alignment implies that trends in labor market conditions, as captured by Series A, can be predictive of changes in the unemployment rate, and their movements are closely synchronized. However, investors should exercise caution, as while the relationship is notable, it does not account for all potential influencing factors, and the correlation does not imply causation.
Timing Offset
in sync
LRUNTTTTCAM156S and UNRATE tend to move at the same time.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: +0.633 (13 lags scanned)
R-Squared
40.1%
Share of variance in one series explained by the other.
Trend Agreement
88.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
852
Deep shared window — 852 usable pairs.
Significance
p < 0.001
95% CI: [0.385, 0.796] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
852 paired observations survived the daily window.
Raw input
853
938
Normalized
853
938
Prepared
853
938
Aligned
852
852
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
87
A: 1 / B: 86
Series A
LRUNTTTTCAM156S
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada
FRED · 853 raw → 853 prepared
Series B
UNRATE
Unemployment Rate
FRED · 938 raw → 938 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.5340
Linear regression slope.
Intercept
1.9702
Linear regression intercept.
Saved 13 hours ago · ID: fred-lrunttttcam156s-vs-fred-unrate-daily-20260406-wyi4ye