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GE Vernova Inc. (GEV) vs Initial Jobless Claims
Correlation
of % moves
-13%
In sync
of periods
49%
History
weeksweeks · through 2026-26
117
These move in the same direction about 49% of the time
Their swing sizes only faintly mirror each other (~2% 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 looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
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%
Headline metric
Movement correlation(i)
-13%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
117 paired data points survived the weekly window.
Raw input
569
3,104
Normalized
569
3,104
Prepared
119
3,104
Aligned
117
117
Invalid removed
2%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
116
Usable
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: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
-13%
No shift — both series at their actual dates.
116 overlapping points at this shift
Baseline
-13%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-13%
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
-9%
33 periods · Return correlation when both series rose
Both Falling
-1%
22 periods · Return correlation when both series fell
Diverging
-64%
61 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,989
A: 2 / B: 2987
Series A
GE Vernova Inc. (GEV)
GEV
Stock · 569 raw → 119 prepared
Series B
Initial Jobless Claims
ICSA
FRED · 3,104 raw → 3,104 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
28
Estimated crossover points between normalized spreads.
Slope
-0.1189
Linear regression slope.
Intercept
0.0022
Linear regression intercept.
Saved 3 months ago · ID: fred-icsa_stock-gev_weekly_5y