Loading market view
Loading market view
Loading correlations
Kenvue Inc. (KVUE) vs Avg Hourly Earnings
Correlation
of % moves
+27%
In sync
of periods
49%
History
monthsmonths · through 2026-06
38
These move in the same direction about 49% 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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
KVUE moves ~13 months before Avg Hourly Earnings
Watch KVUE for an early read on Avg Hourly Earnings.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
49%
Headline metric
Movement correlation(i)
+27%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
38 paired data points survived the monthly window.
Raw input
797
244
Normalized
797
244
Prepared
39
244
Aligned
38
38
Invalid removed
Likely range
R²(i)
7%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
37
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
+13 months
Correlation at this shift
-42%
+15% stronger than no-shift baseline
Avg Hourly Earnings shifted 13 months earlier. Reads: "Does Kenvue Inc. (KVUE) today line up with Avg Hourly Earnings 13 months from now?"
24 overlapping points at this shift
Baseline
+27%
No-shift correlation, matching the main time-series chart above.
Peak shift
+13 months
-42%
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
+26%
18 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 · 797 raw → 39 prepared
Series B
Avg Hourly Earnings
CES0500000003
FRED · 244 raw → 244 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0050
Linear regression slope.
Intercept
0.0032
Linear regression intercept.
Saved 3 months ago · ID: fred-ces0500000003_stock-kvue_monthly_5y