Correlation Analysis
Real Gross Domestic Product for Canada vs Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada
NGDPRSAXDCCAQ vs LRUNTTTTCAM156S
+0.059
Weak positive
When one moves up, the other tends to follow.
AI Analysis
The correlation between Series A (NGDPRSAXDCCAQ) and Series B (LRUNTTTTCAM156S) is weak, indicating that the two data series do not move together in a meaningful way, with only a small fraction of periods showing aligned trends. However, it's noteworthy that Series B tends to lead Series A by three periods, suggesting that changes in Series B might provide some foresight into movements in Series A, albeit with limited predictive power. Investors should be cautious; while there is a slight relationship, the overall significance is low, and decisions based on this correlation alone could be misleading.
Timing Offset
y leads x by 3 periods
LRUNTTTTCAM156S tends to move before NGDPRSAXDCCAQ.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: +0.313 (13 lags scanned)
R-Squared
1.3%
Share of variance in one series explained by the other.
Trend Agreement
31.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
260
Robust shared window — 260 usable pairs.
Significance
n.s.
95% CI: [-0.222, 0.427] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
260 paired observations survived the daily window.
Raw input
260
853
Normalized
260
853
Prepared
260
853
Aligned
260
260
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
593
A: 0 / B: 593
Series A
NGDPRSAXDCCAQ
Real Gross Domestic Product for Canada
FRED · 260 raw → 260 prepared
Series B
LRUNTTTTCAM156S
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada
FRED · 853 raw → 853 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
7.0151
Linear regression intercept.
Saved 13 hours ago · ID: fred-ngdprsaxdccaq-vs-fred-lrunttttcam156s-daily-20260406-vio59z