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Kenvue Inc. (KVUE) vs Avg Hourly Earnings
Correlation
of % moves
+27%
In sync
of periods
46%
History
monthsmonths · through 2026-04
36
These move in the same direction about 46% 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
Avg Hourly Earnings moves ~14 months before KVUE
Watch Avg Hourly Earnings for an early read on KVUE.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
45.7%
Headline metric
Movement correlation(i)
+27%
Based on % moves
95% CI
-7% → +55%
Pipeline
Pipeline Summary
36 paired data points survived the monthly window.
Raw input
769
242
Normalized
769
242
Prepared
37
242
Aligned
36
36
Invalid removed
Likely range of correlation
R²(i)
7.3%
Variance explained
Significance
n.s.
Statistical confidence
Data points
36
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
-14 months
Correlation at this shift
+51%
+24% stronger than no-shift baseline
Avg Hourly Earnings shifted 14 months later. Reads: "Does Kenvue Inc. (KVUE) today line up with Avg Hourly Earnings 14 months ago?"
21 overlapping points at this shift
Baseline
+27%
No-shift correlation, matching the main time-series chart above.
Peak shift
-14 months
+51%
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%
16 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
+3%
19 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
207
A: 1 / B: 206
Series A
Kenvue Inc. (KVUE)
KVUE
Stock · 769 raw → 37 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
5
Estimated crossover points between normalized spreads.
Slope
0.0050
Linear regression slope.
Intercept
0.0032
Linear regression intercept.
Saved 3 weeks ago · ID: fred-ces0500000003_stock-kvue_monthly_5y