Loading market view
Loading market view
Loading correlations
Above Food Ingredients Inc. Common Stock (ABVE) vs Unemployment Rate
Correlation
of % moves
+45%
In sync
of periods
71%
History
monthsmonths · through 2026-04
21
These move in the same direction about 71% of the time
Their swing sizes loosely line up (~21% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
Unemployment Rate moves ~4 months before ABVE
Watch Unemployment Rate for an early read on ABVE.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
71.4%
Headline metric
Movement correlation(i)
+45%
Based on % moves
95% CI
+1% → +75%
Pipeline
Pipeline Summary
21 paired data points survived the monthly window.
Raw input
476
939
Normalized
476
939
Prepared
23
939
Aligned
21
21
Invalid removed
Likely range of correlation
R²(i)
20.6%
Variance explained
Significance
p < 0.05
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
-4 months
Correlation at this shift
-57%
+11% stronger than no-shift baseline
Unemployment Rate shifted 4 months later. Reads: "Does Above Food Ingredients Inc. Common Stock (ABVE) today line up with Unemployment Rate 4 months ago?"
16 overlapping points at this shift
Baseline
+45%
No-shift correlation, matching the main time-series chart above.
Peak shift
-4 months
-57%
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
4 periods · Return correlation when both series rose
Both Falling
-37%
6 periods · Return correlation when both series fell
Diverging
-15%
10 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
920
A: 2 / B: 918
Series A
Above Food Ingredients Inc. Common Stock (ABVE)
ABVE
Stock · 476 raw → 23 prepared
Series B
Unemployment Rate
UNRATE
FRED · 939 raw → 939 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0352
Linear regression slope.
Intercept
0.0031
Linear regression intercept.
Saved 2 weeks ago · ID: fred-unrate_stock-abve_monthly_5y