SeriesMagCorrSyncOverlapThrough
Correlation
-4%
of % moves
In sync
54%
of periods
History
233
weeks · through 2026-16
These move opposite each other about 54% of the time
Their swing sizes barely line up — almost no shared pattern.
Roughly random — these don't track each other in a meaningful way.
Time Series
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
META moves ~12 weeks before Continued Jobless Claims
Watch META for an early read on Continued Jobless Claims.
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)
54.2%
Headline metric
Movement correlation(i)
-4%
Based on % moves
95% CI
-17% → +9%
Likely range of correlation
Pipeline
Pipeline Summary
233 paired data points survived the weekly window.
Raw input
1,128
3,094
Normalized
1,128
3,094
Prepared
236
3,094
Aligned
233
233
Invalid removed
Explore
R²(i)
0.2%
Variance explained
Significance
n.s.
Statistical confidence
Data points
233
Usable
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: -12 to 12 weeks.
Selected shift
+12 weeks
Correlation at this shift
+44%
+40% stronger than no-shift baseline
Continued Jobless Claims shifted 12 weeks earlier. Reads: "Does Meta Platforms Inc. (META) today line up with Continued Jobless Claims 12 weeks from now?"
221 overlapping points at this shift
Baseline
-4%
No-shift correlation, matching the main time-series chart above.
Peak shift
+12 weeks
+44%
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
-17%
70 periods · Return correlation when both series rose
Both Falling
-26%
53 periods · Return correlation when both series fell
Diverging
-51%
109 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,864
A: 3 / B: 2861
Series A
META
Stock · 1,128 raw → 236 prepared
Series B
Continued Jobless Claims
CCSA
FRED · 3,094 raw → 3,094 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
-50.7513
Linear regression slope.
Intercept
1863088.1139
Linear regression intercept.
Saved 2 days ago · ID: fred-ccsa_stock-meta_5y
Explore
Top 5 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.