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NextEra Energy, Inc. (NEE) vs Unemployment Rate
Correlation
of % moves
-34%
In sync
of periods
34%
History
monthsmonths · through 2026-05
59
These move in the same direction about 34% of the time
Their swing sizes only faintly mirror each other (~11% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Unusual right now
Recently tighter than usual — the pair is behaving differently than its long-run pattern.
NEE moves ~14 months before Unemployment Rate
Watch NEE for an early read on Unemployment Rate.
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)
34.1%
Headline metric
Movement correlation(i)
-34%
Based on % moves
95% CI
-55% → -8%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,255
940
Normalized
1,255
940
Prepared
61
940
Aligned
59
59
Invalid removed
R²(i)
11.3%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points
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
+14 months
Correlation at this shift
+40%
+7% stronger than no-shift baseline
Unemployment Rate shifted 14 months earlier. Reads: "Does NextEra Energy, Inc. (NEE) today line up with Unemployment Rate 14 months from now?"
37 overlapping points at this shift
Baseline
-34%
No-shift correlation, matching the main time-series chart above.
Peak shift
+14 months
+40%
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
-49%
5 periods · Return correlation when both series rose
Both Falling
-33%
9 periods · Return correlation when both series fell
Diverging
-55%
43 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
883
A: 2 / B: 881
Series A
NextEra Energy, Inc. (NEE)
NEE
Stock · 1,255 raw → 61 prepared
Series B
Unemployment Rate
UNRATE
FRED · 940 raw → 940 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
-0.1888
Linear regression slope.
Intercept
-0.0057
Linear regression intercept.
Saved last month · ID: fred-unrate_stock-nee_monthly_5y