Loading market view
Loading market view
Loading correlations
Correlation
of values
-76%
In sync
of periods
47%
History
monthsmonths · through 2026-06
243
These move in the same direction about 47% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~57% 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)
47%
Headline metric
Movement correlation(i)
-76%
Based on values
95% CI
N/A
Pipeline
Pipeline Summary
243 paired data points survived the monthly window.
Raw input
941
244
Normalized
941
244
Prepared
941
244
Aligned
243
243
Invalid removed
Likely range
R²(i)
57%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
243
Usable
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
-76%
No shift — both series at their actual dates.
243 overlapping points at this shift
Baseline
-76%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-76%
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
-11%
78 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
-79%
161 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
699
A: 698 / B: 1
Series A
Labor Force Participation
CIVPART
FRED · 941 raw → 941 prepared
Series B
Avg Hourly Earnings
CES0500000003
FRED · 244 raw → 244 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-2.6396
Linear regression slope.
Intercept
194.3211
Linear regression intercept.
Saved 3 months ago · ID: fred-ces0500000003_fred-civpart_monthly_5y