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Centene Corporation (CNC) vs U-6 Unemployment Rate
Correlation
of % moves
-22%
In sync
of periods
40%
History
monthsmonths · through 2026-06
59
These move in the same direction about 40% of the time
Their swing sizes only faintly mirror each other (~5% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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
U-6 Unemployment Rate moves ~5 months before CNC
Watch U-6 Unemployment Rate for an early read on CNC.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
40%
Headline metric
Movement correlation(i)
-22%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,254
389
Normalized
1,254
389
Prepared
61
389
Aligned
59
59
Invalid removed
5%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
57
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
-5 months
Correlation at this shift
-36%
+14% stronger than no-shift baseline
U-6 Unemployment Rate shifted 5 months later. Reads: "Does Centene Corporation (CNC) today line up with U-6 Unemployment Rate 5 months ago?"
47 overlapping points at this shift
Baseline
-22%
No-shift correlation, matching the main time-series chart above.
Peak shift
-5 months
-36%
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
-53%
8 periods · Return correlation when both series rose
Both Falling
-8%
10 periods · Return correlation when both series fell
Diverging
-53%
39 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
332
A: 2 / B: 330
Series A
Centene Corporation (CNC)
CNC
Stock · 1,254 raw → 61 prepared
Series B
U-6 Unemployment Rate
U6RATE
FRED · 389 raw → 389 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.0531
Linear regression slope.
Intercept
-0.0042
Linear regression intercept.
Saved 3 months ago · ID: fred-u6rate_stock-cnc_monthly_5y