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Above Food Ingredients Inc. Common Stock (ABVE) vs Job Openings
Correlation
of % moves
+18%
In sync
of periods
45%
History
monthsmonths · through 2026-05
23
These move in the same direction about 45% of the time
Their swing sizes only faintly line up (~3% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
ABVE moves ~11 months before Job Openings
Watch ABVE for an early read on Job Openings.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
45%
Headline metric
Movement correlation(i)
+18%
Based on % moves
95% CI
-26% → +56%
Pipeline
Pipeline Summary
23 paired data points survived the monthly window.
Raw input
481
306
Normalized
481
306
Prepared
24
306
Aligned
23
23
Invalid removed
Likely range of correlation
R²(i)
3%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
22
Limited
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -12 to 12 months.
Selected shift
+11 months
Correlation at this shift
+52%
+35% stronger than no-shift baseline
Job Openings shifted 11 months earlier. Reads: "Does Above Food Ingredients Inc. Common Stock (ABVE) today line up with Job Openings 11 months from now?"
11 overlapping points at this shift
Baseline
+18%
No-shift correlation, matching the main time-series chart above.
Peak shift
+11 months
+52%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
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
N/A
3 periods · Return correlation when both series rose
Both Falling
+21%
7 periods · Return correlation when both series fell
Diverging
-27%
12 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
284
A: 1 / B: 283
Series A
Above Food Ingredients Inc. Common Stock (ABVE)
ABVE
Stock · 481 raw → 24 prepared
Series B
Job Openings
JTSJOL
FRED · 306 raw → 306 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
0.0214
Linear regression slope.
Intercept
0.0023
Linear regression intercept.
Saved 3 months ago · ID: fred-jtsjol_stock-abve_monthly_5y