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CNC vs FJob OpeningsCentene Corporation (CNC) vs Job Openings
Correlation
of % moves
+20%
In sync
of periods
71%
History
monthsmonths · through 2026-04
59
These move in the same direction about 71% of the time
Their swing sizes only faintly line up (~4% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
CNC moves ~6 months before Job Openings
Watch CNC for an early read on Job Openings.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
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)
70.7%
Headline metric
Movement correlation(i)
+20%
Based on % moves
95% CI
-7% → +43%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,255
305
Normalized
1,255
305
Prepared
61
305
Aligned
59
59
Invalid removed
R²(i)
3.9%
Variance explained
Significance
n.s.
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
+6 months
Correlation at this shift
-34%
+15% stronger than no-shift baseline
Job Openings shifted 6 months earlier. Reads: "Does Centene Corporation (CNC) today line up with Job Openings 6 months from now?"
52 overlapping points at this shift
Baseline
+20%
No-shift correlation, matching the main time-series chart above.
Peak shift
+6 months
-34%
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
-7%
20 periods · Return correlation when both series rose
Both Falling
-23%
21 periods · Return correlation when both series fell
Diverging
-69%
17 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
248
A: 2 / B: 246
Series A
Centene Corporation (CNC)
CNC
Stock · 1,255 raw → 61 prepared
Series B
Job Openings
JTSJOL
FRED · 305 raw → 305 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0877
Linear regression slope.
Intercept
-0.0043
Linear regression intercept.
Saved last month · ID: fred-jtsjol_stock-cnc_monthly_5y