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Above Food Ingredients Inc. Common Stock (ABVE) vs Job Openings
Correlation
of % moves
+31%
In sync
of periods
50%
History
monthsmonths · through 2026-03
21
These move in the same direction about 50% of the time
Their swing sizes only faintly line up (~9% 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
Job Openings moves ~10 months before ABVE
Watch Job Openings for an early read on ABVE.
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)
50.0%
Headline metric
Movement correlation(i)
+31%
Based on % moves
95% CI
-16% → +66%
Pipeline
Pipeline Summary
21 paired data points survived the monthly window.
Raw input
476
304
Normalized
476
304
Prepared
23
304
Aligned
21
21
Invalid removed
Likely range of correlation
R²(i)
9.4%
Variance explained
Significance
n.s.
Statistical confidence
Data points
21
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: -10 to 10 months.
Selected shift
-10 months
Correlation at this shift
-56%
+25% stronger than no-shift baseline
Job Openings shifted 10 months later. Reads: "Does Above Food Ingredients Inc. Common Stock (ABVE) today line up with Job Openings 10 months ago?"
10 overlapping points at this shift
Baseline
+31%
No-shift correlation, matching the main time-series chart above.
Peak shift
-10 months
-56%
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
+22%
7 periods · Return correlation when both series fell
Diverging
-21%
10 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
285
A: 2 / B: 283
Series A
Above Food Ingredients Inc. Common Stock (ABVE)
ABVE
Stock · 476 raw → 23 prepared
Series B
Job Openings
JTSJOL
FRED · 304 raw → 304 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.0333
Linear regression slope.
Intercept
-0.0027
Linear regression intercept.
Saved 2 weeks ago · ID: fred-jtsjol_stock-abve_monthly_5y