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Correlation
of % moves
-21%
In sync
of periods
37%
History
monthsmonths · through 2025-04
44
These move in the same direction about 37% of the time
Their swing sizes only faintly mirror each other (~4% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Job Openings moves ~12 months before MKFG
Watch Job Openings for an early read on MKFG.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Explore
Advanced
Statistics
In sync(i)
37%
Headline metric
Movement correlation(i)
-21%
Based on % moves
95% CI
-48% → +10%
Pipeline
Pipeline Summary
44 paired data points survived the monthly window.
Raw input
896
308
Normalized
896
308
Prepared
44
308
Aligned
44
44
Invalid removed
Likely range of correlation
R²(i)
4%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
43
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
-12 months
Correlation at this shift
-45%
+25% stronger than no-shift baseline
Job Openings shifted 12 months later. Reads: "Does MKFG today line up with Job Openings 12 months ago?"
31 overlapping points at this shift
Baseline
-21%
No-shift correlation, matching the main time-series chart above.
Peak shift
-12 months
-45%
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
N/A
3 periods · Return correlation when both series rose
Both Falling
-22%
13 periods · Return correlation when both series fell
Diverging
-65%
27 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
264
A: 0 / B: 264
Series A
MKFG
Stock · 896 raw → 44 prepared
Series B
Job Openings
JTSJOL
FRED · 308 raw → 308 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0427
Linear regression slope.
Intercept
-0.0125
Linear regression intercept.
Saved 5 months ago · ID: fred-jtsjol_stock-mkfg_monthly_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.