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Correlation
of % moves
-20%
In sync
of periods
38%
History
weeksweeks · through 2026-34
25
These move in the same direction about 38% of the time
Their swing sizes only faintly mirror each other (~4% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Continued Jobless Claims moves ~10 weeks before BNB
Watch Continued Jobless Claims for an early read on BNB.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
38%
Headline metric
Movement correlation(i)
-20%
Based on % moves
95% CI
-56% → +22%
Pipeline
Pipeline Summary
25 paired data points survived the weekly window.
Raw input
191
3,112
Normalized
191
3,112
Prepared
28
3,112
Aligned
25
25
Invalid removed
Likely range of correlation
R²(i)
4%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
24
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 weeks.
Selected shift
-10 weeks
Correlation at this shift
+70%
+50% stronger than no-shift baseline
Continued Jobless Claims shifted 10 weeks later. Reads: "Does BNB today line up with Continued Jobless Claims 10 weeks ago?"
14 overlapping points at this shift
Baseline
-20%
No-shift correlation, matching the main time-series chart above.
Peak shift
-10 weeks
+70%
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
+60%
5 periods · Return correlation when both series fell
Diverging
-76%
15 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
3,090
A: 3 / B: 3087
Series A
BNB
BNB
Crypto · 191 raw → 28 prepared
Series B
Continued Jobless Claims
CCSA
FRED · 3,112 raw → 3,112 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.0655
Linear regression slope.
Intercept
-0.0016
Linear regression intercept.
Saved last week · ID: crypto-bnb_fred-ccsa_weekly_5y