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Correlation
of values
-64%
In sync
of periods
52%
History
monthsmonths · through 2026-05
306
These move in the same direction about 52% of the time
When one swings, the other often swings by a similar amount in the opposite direction (~41% 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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Job Openings moves ~14 months before GBP/USD Exchange Rate
Watch Job Openings for an early read on GBP/USD Exchange Rate.
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)
52%
Headline metric
Movement correlation(i)
-64%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
306 paired data points survived the monthly window.
Raw input
306
13,917
Normalized
306
13,917
Prepared
306
667
Aligned
306
306
Invalid removed
41%
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
+14 months
Correlation at this shift
-70%
+6% stronger than no-shift baseline
GBP/USD Exchange Rate shifted 14 months earlier. Reads: "Does Job Openings today line up with GBP/USD Exchange Rate 14 months from now?"
292 overlapping points at this shift
Baseline
-64%
No-shift correlation, matching the main time-series chart above.
Peak shift
+14 months
-70%
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
+6%
54 periods · Return correlation when both series rose
Both Falling
-3%
50 periods · Return correlation when both series fell
Diverging
-50%
92 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
361
A: 0 / B: 361
Series A
Job Openings
JTSJOL
FRED · 306 raw → 306 prepared
Series B
GBP/USD Exchange Rate
DEXUSUK
FRED · 13,917 raw → 667 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.0001
Linear regression slope.
Intercept
1.8625
Linear regression intercept.
Saved 3 months ago · ID: fred-dexusuk_fred-jtsjol_monthly_5y