Correlation
of values
+76%
In sync
of periods
52%
History
monthsmonths · through 2026-02
175
These move in the same direction about 52% of the time
When one swings, the other often swings by a similar amount (~58% 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
Job Openings moves ~5 months before Overnight Reverse Repo
Watch Job Openings for an early read on Overnight Reverse Repo.
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.
Explore
Advanced
Statistics
In sync(i)
52.3%
Headline metric
Movement correlation(i)
+76%
Based on values
95% CI
+69% → +82%
Likely range of correlation
Pipeline
Pipeline Summary
175 paired data points survived the monthly window.
Raw input
3,233
303
Normalized
3,233
303
Prepared
178
303
Aligned
175
175
Invalid removed
R²(i)
58.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
175
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: -18 to 18 months.
Selected shift
-5 months
Correlation at this shift
+82%
+5% stronger than no-shift baseline
Job Openings shifted 5 months later. Reads: "Does Overnight Reverse Repo today line up with Job Openings 5 months ago?"
170 overlapping points at this shift
Baseline
+76%
No-shift correlation, matching the main time-series chart above.
Peak shift
-5 months
+82%
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
+17%
47 periods · Return correlation when both series rose
Both Falling
+18%
44 periods · Return correlation when both series fell
Diverging
-32%
83 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
131
A: 3 / B: 128
Series A
Overnight Reverse Repo
RRPONTSYD
FRED · 3,233 raw → 178 prepared
Series B
Job Openings
JTSJOL
FRED · 303 raw → 303 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
2.5611
Linear regression slope.
Intercept
5764.0819
Linear regression intercept.
Saved 4 days ago · ID: fred-jtsjol_fred-rrpontsyd_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.