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Uniswap (UNI) vs Nonfarm Payrolls
Correlation
of % moves
+43%
In sync
of periods
57%
History
monthsmonths · through 2026-08
24
These move in the same direction about 57% of the time
Their swing sizes loosely line up (~18% 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
Nonfarm Payrolls moves ~8 months before UNI
Watch Nonfarm Payrolls for an early read on UNI.
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)
57%
Headline metric
Movement correlation(i)
+43%
Based on % moves
95% CI
+2% → +71%
Pipeline
Pipeline Summary
24 paired data points survived the monthly window.
Raw input
729
1,052
Normalized
729
1,052
Prepared
25
1,052
Aligned
24
24
Invalid removed
Likely range of correlation
R²(i)
18%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points(i)
23
Limited
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: -13 to 13 months.
Selected shift
-8 months
Correlation at this shift
+51%
+8% stronger than no-shift baseline
Nonfarm Payrolls shifted 8 months later. Reads: "Does Uniswap (UNI) today line up with Nonfarm Payrolls 8 months ago?"
15 overlapping points at this shift
Baseline
+43%
No-shift correlation, matching the main time-series chart above.
Peak shift
-8 months
+51%
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
+50%
9 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-34%
10 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,029
A: 1 / B: 1028
Series A
Uniswap (UNI)
UNI
Crypto · 729 raw → 25 prepared
Series B
Nonfarm Payrolls
PAYEMS
FRED · 1,052 raw → 1,052 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
0.0012
Linear regression slope.
Intercept
0.0003
Linear regression intercept.
Saved 4 months ago · ID: crypto-uni_fred-payems_monthly_5y