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Incyte Genomics Inc (INCY) vs Avg Hourly Earnings
Correlation
of % moves
+26%
In sync
of periods
53%
History
monthsmonths · through 2026-04
59
These move in the same direction about 53% of the time
Their swing sizes only faintly line up (~7% 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.
What to Watch
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
INCY moves ~10 months before Avg Hourly Earnings
Watch INCY for an early read on Avg Hourly Earnings.
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)
53.4%
Headline metric
Movement correlation(i)
+26%
Based on % moves
95% CI
+0% → +49%
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,254
242
Normalized
1,254
242
Prepared
60
242
Aligned
59
59
Invalid removed
Likely range of correlation
R²(i)
6.8%
Variance explained
Significance
p < 0.05
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
+10 months
Correlation at this shift
-35%
+9% stronger than no-shift baseline
Avg Hourly Earnings shifted 10 months earlier. Reads: "Does Incyte Genomics Inc (INCY) today line up with Avg Hourly Earnings 10 months from now?"
48 overlapping points at this shift
Baseline
+26%
No-shift correlation, matching the main time-series chart above.
Peak shift
+10 months
-35%
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
+23%
31 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
+25%
27 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
184
A: 1 / B: 183
Series A
Incyte Genomics Inc (INCY)
INCY
Stock · 1,254 raw → 60 prepared
Series B
Avg Hourly Earnings
CES0500000003
FRED · 242 raw → 242 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
10
Estimated crossover points between normalized spreads.
Slope
0.0050
Linear regression slope.
Intercept
0.0035
Linear regression intercept.
Saved 3 weeks ago · ID: fred-ces0500000003_stock-incy_monthly_5y