Loading market view
Loading market view
Loading correlations
Correlation
of values
+32%
In sync
of periods
48%
History
weeksweeks · through 2026-21
1,899
These move in the same direction about 48% of the time
Their swing sizes only faintly line up (~10% 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.
What to Watch
VIX moves ~6 weeks before Continued Jobless Claims
Watch VIX for an early read on Continued Jobless Claims.
Advanced
Statistics
In sync(i)
47.7%
Headline metric
Movement correlation(i)
+32%
Based on values
95% CI
+28% → +36%
Pipeline
Pipeline Summary
1,899 paired data points survived the weekly window.
Raw input
9,202
3,099
Normalized
9,202
3,099
Prepared
1,901
3,099
Aligned
1,899
1,899
Invalid removed
Likely range of correlation
R²(i)
10.4%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,899
Deep
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
+6 weeks
Correlation at this shift
+43%
+11% stronger than no-shift baseline
Continued Jobless Claims shifted 6 weeks earlier. Reads: "Does VIX today line up with Continued Jobless Claims 6 weeks from now?"
1,893 overlapping points at this shift
Baseline
+32%
No-shift correlation, matching the main time-series chart above.
Peak shift
+6 weeks
+43%
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
1 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
-95%
7 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,202
A: 2 / B: 1200
Series A
VIX
VIXCLS
FRED · 9,202 raw → 1,901 prepared
Series B
Continued Jobless Claims
CCSA
FRED · 3,099 raw → 3,099 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
20
Estimated crossover points between normalized spreads.
Slope
79537.7456
Linear regression slope.
Intercept
1380030.6823
Linear regression intercept.
Saved last month · ID: fred-ccsa_fred-vixcls_weekly_5y