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Teradyne, Inc. Common Stock (TER) vs Initial Jobless Claims
Correlation
of % moves
+14%
In sync
of periods
56%
History
weeksweeks · through 2026-35
259
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
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
56%
Headline metric
Movement correlation(i)
+14%
Based on % moves
95% CI
+2% → +26%
Likely range of correlation
Pipeline
Pipeline Summary
259 paired data points survived the weekly window.
Raw input
1,253
3,113
Normalized
1,253
3,113
Prepared
261
3,113
Aligned
259
259
Invalid removed
R²(i)
2%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points(i)
258
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
+14%
No shift — both series at their actual dates.
258 overlapping points at this shift
Baseline
+14%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+14%
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
+7%
61 periods · Return correlation when both series rose
Both Falling
+2%
63 periods · Return correlation when both series fell
Diverging
-46%
116 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,856
A: 2 / B: 2854
Series A
Teradyne, Inc. Common Stock (TER)
TER
Stock · 1,253 raw → 261 prepared
Series B
Initial Jobless Claims
ICSA
FRED · 3,113 raw → 3,113 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
57
Estimated crossover points between normalized spreads.
Slope
0.1189
Linear regression slope.
Intercept
-0.0027
Linear regression intercept.
Saved 4 months ago · ID: fred-icsa_stock-ter_weekly_5y