Loading market view
Loading market view
Loading correlations
Correlation
of values
+12%
In sync
of periods
51%
History
weeksweeks · through 2026-22
2,891
These move in the same direction about 51% of the time
Their swing sizes only faintly line up (~1% 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.
Advanced
Statistics
In sync(i)
50.9%
Headline metric
Movement correlation(i)
+12%
Based on values
95% CI
+9% → +16%
Pipeline
Pipeline Summary
2,891 paired data points survived the weekly window.
Raw input
3,100
2,891
Normalized
3,100
2,891
Prepared
3,100
2,891
Aligned
2,891
2,891
Invalid removed
Likely range of correlation
R²(i)
1.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
2,891
Deep
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
+12%
No shift — both series at their actual dates.
2,891 overlapping points at this shift
Baseline
+12%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+12%
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.
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
209
A: 209 / B: 0
Series A
Initial Jobless Claims
ICSA
FRED · 3,100 raw → 3,100 prepared
Series B
Chicago Financial Conditions
NFCI
FRED · 2,891 raw → 2,891 prepared
Sign agreement
29.4%
How often both values share the same sign.
Zero crossings
154
Estimated crossover points between normalized spreads.
Slope
0.0000
Linear regression slope.
Intercept
-0.1832
Linear regression intercept.
Saved last month · ID: fred-icsa_fred-nfci_weekly_5y