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UNITEDHEALTH GROUP INCORPORATED (Delaware) (UNH) vs Labor Force Participation
Correlation
of % moves
+22%
In sync
of periods
56%
History
monthsmonths · through 2026-04
59
These move in the same direction about 56% of the time
Their swing sizes only faintly line up (~5% 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.
Labor Force Participation moves ~17 months before UNH
Watch Labor Force Participation for an early read on UNH.
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)
55.6%
Headline metric
Movement correlation(i)
+22%
Based on % moves
95% CI
-5% → +45%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,253
939
Normalized
1,253
939
Prepared
61
939
Aligned
59
59
Invalid removed
R²(i)
4.6%
Variance explained
Significance
n.s.
Statistical confidence
Data points
59
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
-17 months
Correlation at this shift
+43%
+22% stronger than no-shift baseline
Labor Force Participation shifted 17 months later. Reads: "Does UNITEDHEALTH GROUP INCORPORATED (Delaware) (UNH) today line up with Labor Force Participation 17 months ago?"
35 overlapping points at this shift
Baseline
+22%
No-shift correlation, matching the main time-series chart above.
Peak shift
-17 months
+43%
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
+1%
13 periods · Return correlation when both series rose
Both Falling
+21%
12 periods · Return correlation when both series fell
Diverging
-57%
32 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
882
A: 2 / B: 880
Series A
UNITEDHEALTH GROUP INCORPORATED (Delaware) (UNH)
UNH
Stock · 1,253 raw → 61 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
2
Estimated crossover points between normalized spreads.
Slope
0.0055
Linear regression slope.
Intercept
0.0001
Linear regression intercept.
Saved 2 weeks ago · ID: fred-civpart_stock-unh_monthly_5y