Loading market view
Loading market view
Loading correlations
West Pharmaceutical Services, Inc. (WST) vs Initial Jobless Claims
Correlation
of % moves
-15%
In sync
of periods
49%
History
weeksweeks · through 2026-35
260
These move in the same direction about 49% of the time
Their swing sizes only faintly mirror each other (~2% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
49%
Headline metric
Movement correlation(i)
-15%
Based on % moves
95% CI
-27% → -3%
Likely range of correlation
Pipeline
Pipeline Summary
260 paired data points survived the weekly window.
Raw input
1,253
3,113
Normalized
1,253
3,113
Prepared
262
3,113
Aligned
260
260
Invalid removed
R²(i)
2%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points(i)
259
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
-15%
No shift — both series at their actual dates.
259 overlapping points at this shift
Baseline
-15%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-15%
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
+0%
55 periods · Return correlation when both series rose
Both Falling
+22%
53 periods · Return correlation when both series fell
Diverging
-60%
131 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,855
A: 2 / B: 2853
Series A
West Pharmaceutical Services, Inc. (WST)
WST
Stock · 1,253 raw → 262 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
55
Estimated crossover points between normalized spreads.
Slope
-0.1753
Linear regression slope.
Intercept
-0.0021
Linear regression intercept.
Saved 4 months ago · ID: fred-icsa_stock-wst_weekly_5y