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Correlation
of values
+77%
In sync
of periods
49%
History
monthsmonths · through 2026-04
305
These move in the same direction about 49% of the time
When one swings, the other often swings by a similar amount (~59% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
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)
49.3%
Headline metric
Movement correlation(i)
+77%
Based on values
95% CI
+72% → +81%
Likely range of correlation
Pipeline
Pipeline Summary
305 paired data points survived the monthly window.
Raw input
305
880
Normalized
305
880
Prepared
305
880
Aligned
305
305
Invalid removed
R²(i)
59.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
305
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
No shift
Correlation at this shift
+77%
No shift — both series at their actual dates.
305 overlapping points at this shift
Baseline
+77%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+77%
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
+43%
49 periods · Return correlation when both series rose
Both Falling
+35%
47 periods · Return correlation when both series fell
Diverging
-51%
101 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
575
A: 0 / B: 575
Series A
Job Openings
JTSJOL
FRED · 305 raw → 305 prepared
Series B
CPI: Used Cars & Trucks
CUSR0000SETA02
FRED · 880 raw → 880 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
0.0070
Linear regression slope.
Intercept
113.7483
Linear regression intercept.
Saved last month · ID: fred-cusr0000seta02_fred-jtsjol_monthly_5y