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Sandisk Corporation Common Stock (SNDK) vs Continued Jobless Claims
Correlation
of % moves
+16%
In sync
of periods
56%
History
weeksweeks · through 2026-21
65
These move in the same direction about 56% of the time
Their swing sizes only faintly line up (~2% 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
SNDK moves ~9 weeks before Continued Jobless Claims
Watch SNDK for an early read on Continued Jobless Claims.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
56.3%
Headline metric
Movement correlation(i)
+16%
Based on % moves
95% CI
-9% → +39%
Likely range of correlation
Pipeline
Pipeline Summary
65 paired data points survived the weekly window.
Raw input
327
3,099
Normalized
327
3,099
Prepared
68
3,099
Aligned
65
65
Invalid removed
R²(i)
2.5%
Variance explained
Significance
n.s.
Statistical confidence
Data points
65
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
+9 weeks
Correlation at this shift
-39%
+24% stronger than no-shift baseline
Continued Jobless Claims shifted 9 weeks earlier. Reads: "Does Sandisk Corporation Common Stock (SNDK) today line up with Continued Jobless Claims 9 weeks from now?"
55 overlapping points at this shift
Baseline
+16%
No-shift correlation, matching the main time-series chart above.
Peak shift
+9 weeks
-39%
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
-12%
22 periods · Return correlation when both series rose
Both Falling
+33%
14 periods · Return correlation when both series fell
Diverging
-22%
28 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
3,037
A: 3 / B: 3034
Series A
Sandisk Corporation Common Stock (SNDK)
SNDK
Stock · 327 raw → 68 prepared
Series B
Continued Jobless Claims
CCSA
FRED · 3,099 raw → 3,099 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
8
Estimated crossover points between normalized spreads.
Slope
0.0185
Linear regression slope.
Intercept
-0.0017
Linear regression intercept.
Saved last month · ID: fred-ccsa_stock-sndk_weekly_5y