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SkyWater Technology, Inc. Common Stock (SKYT) vs Continued Jobless Claims
Correlation
of % moves
+17%
In sync
of periods
58%
History
weeksweeks · through 2026-31
255
These move in the same direction about 58% of the time
Their swing sizes only faintly line up (~3% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
58%
Headline metric
Movement correlation(i)
+17%
Based on % moves
95% CI
+5% → +29%
Likely range of correlation
Pipeline
Pipeline Summary
255 paired data points survived the weekly window.
Raw input
1,225
3,112
Normalized
1,225
3,112
Prepared
255
3,112
Aligned
255
255
Invalid removed
R²(i)
3%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points(i)
254
Robust
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
No shift
Correlation at this shift
+17%
No shift — both series at their actual dates.
254 overlapping points at this shift
Baseline
+17%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+17%
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
+3%
65 periods · Return correlation when both series rose
Both Falling
+42%
73 periods · Return correlation when both series fell
Diverging
-56%
106 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,857
A: 0 / B: 2857
Series A
SkyWater Technology, Inc. Common Stock (SKYT)
SKYT
Stock · 1,225 raw → 255 prepared
Series B
Continued Jobless Claims
CCSA
FRED · 3,112 raw → 3,112 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
10
Estimated crossover points between normalized spreads.
Slope
0.0307
Linear regression slope.
Intercept
-0.0018
Linear regression intercept.
Saved 4 months ago · ID: fred-ccsa_stock-skyt_weekly_5y