Loading market view
Loading market view
Loading correlations
Correlation
of values
+85%
In sync
of periods
54%
History
monthsmonths · through 2026-04
305
These move in the same direction about 54% of the time
When one swings, the other often swings by a similar amount (~72% 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
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
53.9%
Headline metric
Movement correlation(i)
+85%
Based on values
95% CI
+81% → +88%
Likely range of correlation
Pipeline
Pipeline Summary
305 paired data points survived the monthly window.
Raw input
412
305
Normalized
412
305
Prepared
412
305
Aligned
305
305
Invalid removed
R²(i)
71.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
305
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
No shift
Correlation at this shift
+85%
No shift — both series at their actual dates.
305 overlapping points at this shift
Baseline
+85%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+85%
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
+53%
71 periods · Return correlation when both series rose
Both Falling
+76%
35 periods · Return correlation when both series fell
Diverging
-71%
88 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
107
A: 107 / B: 0
Series A
Retail Sales
RSAFS
FRED · 412 raw → 412 prepared
Series B
Job Openings
JTSJOL
FRED · 305 raw → 305 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0141
Linear regression slope.
Intercept
-791.9864
Linear regression intercept.
Saved last month · ID: fred-jtsjol_fred-rsafs_monthly_5y