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Coupang, Inc. (CPNG) vs U-6 Unemployment Rate
Correlation
of % moves
+34%
In sync
of periods
73%
History
monthsmonths · through 2026-05
59
These move in the same direction about 73% of the time
Their swing sizes only faintly line up (~12% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
73.3%
Headline metric
Movement correlation(i)
+34%
Based on % moves
95% CI
+9% → +55%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,255
388
Normalized
1,255
388
Prepared
61
388
Aligned
59
59
Invalid removed
R²(i)
11.7%
Variance explained
Significance
p < 0.01
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
No shift
Correlation at this shift
+34%
No shift — both series at their actual dates.
57 overlapping points at this shift
Baseline
+34%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+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
+2%
13 periods · Return correlation when both series rose
Both Falling
+33%
20 periods · Return correlation when both series fell
Diverging
-25%
24 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
331
A: 2 / B: 329
Series A
Coupang, Inc. (CPNG)
CPNG
Stock · 1,255 raw → 61 prepared
Series B
U-6 Unemployment Rate
U6RATE
FRED · 388 raw → 388 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
0.0902
Linear regression slope.
Intercept
-0.0034
Linear regression intercept.
Saved last month · ID: fred-u6rate_stock-cpng_monthly_5y