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Correlation
of values
-59%
In sync
of periods
42%
History
monthsmonths · through 2026-05
305
These move in the same direction about 42% of the time
Their swing sizes loosely mirror each other (~35% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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.
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)
42%
Headline metric
Movement correlation(i)
-59%
Based on values
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
305 paired data points survived the monthly window.
Raw input
306
389
Normalized
306
389
Prepared
306
389
Aligned
305
305
Invalid removed
35%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
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
-59%
No shift — both series at their actual dates.
305 overlapping points at this shift
Baseline
-59%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-59%
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
-4%
32 periods · Return correlation when both series rose
Both Falling
-17%
35 periods · Return correlation when both series fell
Diverging
-45%
130 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
85
A: 1 / B: 84
Series A
Job Openings
JTSJOL
FRED · 306 raw → 306 prepared
Series B
U-6 Unemployment Rate
U6RATE
FRED · 389 raw → 389 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.0008
Linear regression slope.
Intercept
14.8930
Linear regression intercept.
Saved 3 months ago · ID: fred-jtsjol_fred-u6rate_monthly_5y