Loading market view
Loading market view
Loading correlations
Velo3D, Inc. Common stock (VELO) vs U-6 Unemployment Rate
Correlation
of % moves
-22%
In sync
of periods
55%
History
monthsmonths · through 2026-08
28
These move in the same direction about 55% of the time
Their swing sizes only faintly mirror each other (~5% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
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
VELO moves ~4 months before U-6 Unemployment Rate
Watch VELO for an early read on U-6 Unemployment Rate.
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Explore
Advanced
Statistics
In sync(i)
55%
Headline metric
Movement correlation(i)
-22%
Based on % moves
95% CI
-56% → +20%
Likely range of correlation
Pipeline
Pipeline Summary
28 paired data points survived the monthly window.
Raw input
588
391
Normalized
588
391
Prepared
30
391
Aligned
28
28
Invalid removed
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
+4 months
Correlation at this shift
+34%
+13% stronger than no-shift baseline
U-6 Unemployment Rate shifted 4 months earlier. Reads: "Does Velo3D, Inc. Common stock (VELO) today line up with U-6 Unemployment Rate 4 months from now?"
16 overlapping points at this shift
Baseline
-22%
No-shift correlation, matching the main time-series chart above.
Peak shift
+4 months
+34%
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
-19%
5 periods · Return correlation when both series rose
Both Falling
-30%
6 periods · Return correlation when both series fell
Diverging
-48%
14 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
365
A: 2 / B: 363
Series A
Velo3D, Inc. Common stock (VELO)
VELO
Stock · 588 raw → 30 prepared
Series B
U-6 Unemployment Rate
U6RATE
FRED · 391 raw → 391 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0206
Linear regression slope.
Intercept
-0.0138
Linear regression intercept.
Saved 5 months ago · ID: fred-u6rate_stock-velo_monthly_5y
Explore
Top 10 by absolute correlation
Ranked across both sides of this comparison using the same dense row format as the single-symbol correlations view.