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RBC Bearings Incorporated (RBC) vs Labor Force Participation
Correlation
of % moves
-56%
In sync
of periods
32%
History
monthsmonths · through 2026-04
49
These move in the same direction about 32% of the time
Their swing sizes loosely mirror each other (~31% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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
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)
32.4%
Headline metric
Movement correlation(i)
-56%
Based on % moves
95% CI
-73% → -32%
Pipeline
Pipeline Summary
49 paired data points survived the monthly window.
Raw input
1,008
939
Normalized
1,008
939
Prepared
51
939
Aligned
49
49
Invalid removed
Likely range of correlation
R²(i)
31.3%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
49
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
No shift
Correlation at this shift
-56%
No shift — both series at their actual dates.
46 overlapping points at this shift
Baseline
-56%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-56%
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
-47%
8 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-79%
35 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
892
A: 2 / B: 890
Series A
RBC Bearings Incorporated (RBC)
RBC
Stock · 1,008 raw → 51 prepared
Series B
Labor Force Participation
CIVPART
FRED · 939 raw → 939 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0188
Linear regression slope.
Intercept
0.0003
Linear regression intercept.
Saved 2 weeks ago · ID: fred-civpart_stock-rbc_monthly_5y