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Altria Group, Inc. (MO) vs Nonfarm Payrolls
Correlation
of % moves
-28%
In sync
of periods
49%
History
monthsmonths · through 2026-08
60
These move in the same direction about 49% of the time
Their swing sizes only faintly mirror each other (~8% 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
Nonfarm Payrolls moves ~7 months before MO
Watch Nonfarm Payrolls for an early read on MO.
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)
49%
Headline metric
Movement correlation(i)
-28%
Based on % moves
95% CI
-50% → -3%
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,253
1,052
Normalized
1,253
1,052
Prepared
61
1,052
Aligned
60
60
Invalid removed
Likely range of correlation
R²(i)
8%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points(i)
59
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
-7 months
Correlation at this shift
-41%
+12% stronger than no-shift baseline
Nonfarm Payrolls shifted 7 months later. Reads: "Does Altria Group, Inc. (MO) today line up with Nonfarm Payrolls 7 months ago?"
52 overlapping points at this shift
Baseline
-28%
No-shift correlation, matching the main time-series chart above.
Peak shift
-7 months
-41%
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
-24%
27 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
-49%
30 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
993
A: 1 / B: 992
Series A
Altria Group, Inc. (MO)
MO
Stock · 1,253 raw → 61 prepared
Series B
Nonfarm Payrolls
PAYEMS
FRED · 1,052 raw → 1,052 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0080
Linear regression slope.
Intercept
0.0013
Linear regression intercept.
Saved 4 months ago · ID: fred-payems_stock-mo_monthly_5y