Loading market view
Loading market view
Loading correlations
Pfizer Inc. (PFE) vs U-6 Unemployment Rate
Correlation
of % moves
-26%
In sync
of periods
44%
History
monthsmonths · through 2026-06
59
These move in the same direction about 44% of the time
Their swing sizes only faintly mirror each other (~7% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
PFE moves ~3 months before U-6 Unemployment Rate
Watch PFE for an early read on U-6 Unemployment Rate.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
44%
Headline metric
Movement correlation(i)
-26%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,254
389
Normalized
1,254
389
Prepared
61
389
Aligned
59
59
Invalid removed
7%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
57
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
+3 months
Correlation at this shift
-37%
+11% stronger than no-shift baseline
U-6 Unemployment Rate shifted 3 months earlier. Reads: "Does Pfizer Inc. (PFE) today line up with U-6 Unemployment Rate 3 months from now?"
51 overlapping points at this shift
Baseline
-26%
No-shift correlation, matching the main time-series chart above.
Peak shift
+3 months
-37%
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
+44%
6 periods · Return correlation when both series rose
Both Falling
-5%
14 periods · Return correlation when both series fell
Diverging
-67%
37 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
332
A: 2 / B: 330
Series A
Pfizer Inc. (PFE)
PFE
Stock · 1,254 raw → 61 prepared
Series B
U-6 Unemployment Rate
U6RATE
FRED · 389 raw → 389 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.1239
Linear regression slope.
Intercept
-0.0051
Linear regression intercept.
Saved 3 months ago · ID: fred-u6rate_stock-pfe_monthly_5y