Correlation Analysis
Alphabet Inc. Class A Common Stock vs UNRATE
GOOGL vs UNRATE
+0.240
Light positive
When one moves up, the other tends to follow.
Alphabet Inc. Class A Common Stock
↗GOOGL
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV and YouTube Music, among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform accounts for roughly 10% of Alphabet's revenue. The firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) make up the rest.
Market cap 3.6T
UNRATE
UNRATE
Time Series
Rebased to 100
Who Moves First
GOOGL leads UNRATE by 6 months
GOOGL tends to move before UNRATE.
Best correlation after shifting: +0.701 (13 shifts scanned)
Stability
Rolling Correlation
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
-0.391
8 periods · Return correlation when both series rose
Both Falling
-0.327
7 periods · Return correlation when both series fell
Diverging
-0.223
20 periods · Return correlation when series moved apart
R-Squared
5.8%
Share of variance in one series explained by the other.
Trend Agreement
50.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
59
Thin shared window — 59 usable pairs.
Significance
n.s.
95% CI: [-0.017, 0.467]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
59 paired observations survived the monthly window.
Raw input
1,254
938
Normalized
1,254
938
Prepared
61
938
Aligned
59
59
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
881
A: 2 / B: 879
Series A
Alphabet Inc. Class A Common Stock
GOOGL
Market cap 3.6T
Stock · 1,254 raw → 61 prepared
Series B
UNRATE
FRED · 938 raw → 938 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0025
Linear regression slope.
Intercept
3.6964
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
GOOGL
Alphabet Inc. Class A Common Stock
Highest
+0.876
Nvidia Corp
NVDA · 1,254 observations
Lowest
+0.099
DGS2
DGS2 · 1,244 observations
Saved 4 hours ago · ID: stock-googl-vs-fred-unrate-monthly-20260408-4m7lyw