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Correlation
of values
-77%
In sync
of periods
45%
History
monthsmonths · through 2026-07
34
These move in the same direction about 45% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~59% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
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)
-77%
Based on values
95% CI
-88% → -58%
Pipeline
Pipeline Summary
34 paired data points survived the monthly window.
Raw input
942
785
Normalized
942
785
Prepared
942
36
Aligned
34
34
Invalid removed
Likely range of correlation
R²(i)
59%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
34
Thin
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: -15 to 15 months.
Selected shift
No shift
Correlation at this shift
-77%
No shift — both series at their actual dates.
34 overlapping points at this shift
Baseline
-77%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-77%
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
+72%
6 periods · Return correlation when both series fell
Diverging
-49%
22 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
910
A: 908 / B: 2
Series A
Unemployment Rate
UNRATE
FRED · 942 raw → 942 prepared
Series B
ICE BofA US High Yield Index Effective Yield
BAMLH0A0HYM2EY
FRED · 785 raw → 36 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-2.2337
Linear regression slope.
Intercept
16.4904
Linear regression intercept.
Saved 4 months ago · ID: fred-bamlh0a0hym2ey_fred-unrate_monthly_5y