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Correlation
of values
-23%
In sync
of periods
47%
History
monthsmonths · through 2026-04
712
These move in the same direction about 47% of the time
Their swing sizes only faintly mirror each other (~5% 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.
Advanced
Statistics
In sync(i)
47.2%
Headline metric
Movement correlation(i)
-23%
Based on values
95% CI
-30% → -16%
Pipeline
Pipeline Summary
712 paired data points survived the monthly window.
Raw input
796
3,099
Normalized
796
3,099
Prepared
796
713
Aligned
712
712
Invalid removed
Likely range of correlation
R²(i)
5.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
712
Robust
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
No shift
Correlation at this shift
-23%
No shift — both series at their actual dates.
712 overlapping points at this shift
Baseline
-23%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-23%
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
-74%
6 periods · Return correlation when both series fell
Diverging
-29%
14 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
85
A: 84 / B: 1
Series A
Building Permits
PERMIT
FRED · 796 raw → 796 prepared
Series B
Continued Jobless Claims
CCSA
FRED · 3,099 raw → 713 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
18
Estimated crossover points between normalized spreads.
Slope
-931.2814
Linear regression slope.
Intercept
4032890.2073
Linear regression intercept.
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