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Biogen Inc. Common Stock (BIIB) vs Labor Force Participation
Correlation
of % moves
-30%
In sync
of periods
25%
History
monthsmonths · through 2026-05
59
These move in the same direction about 25% of the time
Their swing sizes only faintly mirror each other (~9% 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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Labor Force Participation moves ~16 months before BIIB
Watch Labor Force Participation for an early read on BIIB.
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)
25.0%
Headline metric
Movement correlation(i)
-30%
Based on % moves
95% CI
-52% → -4%
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,254
940
Normalized
1,254
940
Prepared
61
940
Aligned
59
59
Invalid removed
Likely range of correlation
R²(i)
9.1%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points
59
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: -18 to 18 months.
Selected shift
-16 months
Correlation at this shift
+41%
+11% stronger than no-shift baseline
Labor Force Participation shifted 16 months later. Reads: "Does Biogen Inc. Common Stock (BIIB) today line up with Labor Force Participation 16 months ago?"
35 overlapping points at this shift
Baseline
-30%
No-shift correlation, matching the main time-series chart above.
Peak shift
-16 months
+41%
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
2 periods · Return correlation when both series rose
Both Falling
-35%
9 periods · Return correlation when both series fell
Diverging
-49%
46 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
883
A: 2 / B: 881
Series A
Biogen Inc. Common Stock (BIIB)
BIIB
Stock · 1,254 raw → 61 prepared
Series B
Labor Force Participation
CIVPART
FRED · 940 raw → 940 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
-0.0088
Linear regression slope.
Intercept
-0.0001
Linear regression intercept.
Saved last month · ID: fred-civpart_stock-biib_monthly_5y