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Correlation
of values
-31%
In sync
of periods
47%
History
monthsmonths · through 2026-05
306
These move in the same direction about 47% of the time
Their swing sizes only faintly mirror each other (~10% 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
St. Louis Financial Stress Index moves ~8 months before Job Openings
Watch St. Louis Financial Stress Index for an early read on Job Openings.
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)
47%
Headline metric
Movement correlation(i)
-31%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
306 paired data points survived the monthly window.
Raw input
1,696
306
Normalized
1,696
306
Prepared
391
306
Aligned
306
306
Invalid removed
10%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
306
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
+8 months
Correlation at this shift
-38%
+6% stronger than no-shift baseline
Job Openings shifted 8 months earlier. Reads: "Does St. Louis Financial Stress Index today line up with Job Openings 8 months from now?"
298 overlapping points at this shift
Baseline
-31%
No-shift correlation, matching the main time-series chart above.
Peak shift
+8 months
-38%
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
-8%
42 periods · Return correlation when both series rose
Both Falling
+27%
50 periods · Return correlation when both series fell
Diverging
-55%
104 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
85
A: 85 / B: 0
Series A
St. Louis Financial Stress Index
STLFSI4
FRED · 1,696 raw → 391 prepared
Series B
Job Openings
JTSJOL
FRED · 306 raw → 306 prepared
Sign agreement
37.3%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-650.1274
Linear regression slope.
Intercept
5509.5812
Linear regression intercept.
Saved 3 months ago · ID: fred-jtsjol_fred-stlfsi4_monthly_5y