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Velo3D, Inc. Common stock (VELO) vs Labor Force Participation
Correlation
of % moves
-23%
In sync
of periods
36%
History
monthsmonths · through 2026-07
28
These move in the same direction about 36% of the time
Their swing sizes only faintly mirror each other (~5% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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
Labor Force Participation moves ~6 months before VELO
Watch Labor Force Participation for an early read on VELO.
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)
36%
Headline metric
Movement correlation(i)
-23%
Based on % moves
95% CI
-58% → +18%
Pipeline
Pipeline Summary
28 paired data points survived the monthly window.
Raw input
588
942
Normalized
588
942
Prepared
30
942
Aligned
28
28
Invalid removed
Likely range of correlation
R²(i)
5%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
25
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: -7 to 7 months.
Selected shift
-6 months
Correlation at this shift
+55%
+32% stronger than no-shift baseline
Labor Force Participation shifted 6 months later. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with Labor Force Participation 6 months ago?"
12 overlapping points at this shift
Baseline
-23%
No-shift correlation, matching the main time-series chart above.
Peak shift
-6 months
+55%
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
+41%
5 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-50%
17 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
916
A: 2 / B: 914
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 588 raw → 30 prepared
Series B
Labor Force Participation
CIVPART
FRED · 942 raw → 942 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0022
Linear regression slope.
Intercept
-0.0001
Linear regression intercept.
Saved 3 months ago · ID: fred-civpart_stock-velo_monthly_5y