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Correlation
of values
+65%
In sync
of periods
50%
History
monthsmonths · through 2026-05
306
These move in the same direction about 50% of the time
When one swings, the other often swings by a similar amount (~42% 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
Job Openings moves ~11 months before Sticky Price CPI
Watch Job Openings for an early read on Sticky Price CPI.
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)
50%
Headline metric
Movement correlation(i)
+65%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
306 paired data points survived the monthly window.
Raw input
701
306
Normalized
701
306
Prepared
701
306
Aligned
306
306
Invalid removed
42%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
306
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
-11 months
Correlation at this shift
+83%
+18% stronger than no-shift baseline
Job Openings shifted 11 months later. Reads: "Does Sticky Price CPI today line up with Job Openings 11 months ago?"
295 overlapping points at this shift
Baseline
+65%
No-shift correlation, matching the main time-series chart above.
Peak shift
-11 months
+83%
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
+47%
49 periods · Return correlation when both series rose
Both Falling
+19%
52 periods · Return correlation when both series fell
Diverging
-65%
95 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
395
A: 395 / B: 0
Series A
Sticky Price CPI
CORESTICKM159SFRBATL
FRED · 701 raw → 701 prepared
Series B
Job Openings
JTSJOL
FRED · 306 raw → 306 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
1351.5220
Linear regression slope.
Intercept
1865.5681
Linear regression intercept.
Saved 3 months ago · ID: fred-corestickm159sfrbatl_fred-jtsjol_monthly_5y