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Qnity Electronics, Inc. (Q) vs Initial Jobless Claims
Correlation
of % moves
-15%
In sync
of periods
56%
History
weeksweeks · through 2026-26
34
These move in the same direction about 56% of the time
Their swing sizes only faintly mirror each other (~2% 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
Slipping looser
The recent pattern is looser than its long-run baseline — keep an eye on whether this sticks.
Q moves ~12 weeks before Initial Jobless Claims
Watch Q for an early read on Initial Jobless Claims.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
56%
Headline metric
Movement correlation(i)
-15%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
34 paired data points survived the weekly window.
Raw input
170
3,104
Normalized
170
3,104
Prepared
36
3,104
Aligned
34
34
Invalid removed
2%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
33
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: -12 to 12 weeks.
Selected shift
+12 weeks
Correlation at this shift
+47%
+32% stronger than no-shift baseline
Initial Jobless Claims shifted 12 weeks earlier. Reads: "Does Qnity Electronics, Inc. (Q) today line up with Initial Jobless Claims 12 weeks from now?"
21 overlapping points at this shift
Baseline
-15%
No-shift correlation, matching the main time-series chart above.
Peak shift
+12 weeks
+47%
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
-27%
11 periods · Return correlation when both series rose
Both Falling
+27%
7 periods · Return correlation when both series fell
Diverging
-58%
15 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
3,072
A: 2 / B: 3070
Series A
Qnity Electronics, Inc. (Q)
Q
Stock · 170 raw → 36 prepared
Series B
Initial Jobless Claims
ICSA
FRED · 3,104 raw → 3,104 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
-0.1285
Linear regression slope.
Intercept
0.0003
Linear regression intercept.
Saved 3 months ago · ID: fred-icsa_stock-q_weekly_5y