Correlation Analysis
Nvidia Corp vs UNRATE
NVDA vs UNRATE
+0.147
Weak positive
When one moves up, the other tends to follow.
Nvidia Corp
↗NVDA
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence to run large language models. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
Market cap 4.3T
UNRATE
UNRATE
Who Moves First
NVDA leads UNRATE by 6 months
NVDA tends to move before UNRATE.
Best correlation after shifting: +0.774 (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
+0.441
8 periods · Return correlation when both series rose
Both Falling
+0.179
6 periods · Return correlation when both series fell
Diverging
-0.241
21 periods · Return correlation when series moved apart
R-Squared
2.2%
Share of variance in one series explained by the other.
Trend Agreement
52.3%
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: [-0.114, 0.388]
Time Series
Rebased to 100
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
Nvidia Corp
NVDA
Market cap 4.3T
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
1
Estimated crossover points between normalized spreads.
Slope
0.0014
Linear regression slope.
Intercept
3.9794
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 4 hours ago · ID: stock-nvda-vs-fred-unrate-monthly-20260408-dndww7