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XPO, Inc. (XPO) vs Unemployment Rate
Correlation
of % moves
+33%
In sync
of periods
68%
History
monthsmonths · through 2026-07
58
These move in the same direction about 68% of the time
Their swing sizes only faintly line up (~11% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
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.
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)
68%
Headline metric
Movement correlation(i)
+33%
Based on % moves
95% CI
+7% → +54%
Likely range of correlation
Pipeline
Pipeline Summary
58 paired data points survived the monthly window.
Raw input
1,253
942
Normalized
1,253
942
Prepared
61
942
Aligned
58
58
Invalid removed
R²(i)
11%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points(i)
56
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
No shift
Correlation at this shift
+33%
No shift — both series at their actual dates.
56 overlapping points at this shift
Baseline
+33%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+33%
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
-8%
13 periods · Return correlation when both series rose
Both Falling
-29%
14 periods · Return correlation when both series fell
Diverging
-32%
29 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
887
A: 3 / B: 884
Series A
XPO, Inc. (XPO)
XPO
Stock · 1,253 raw → 61 prepared
Series B
Unemployment Rate
UNRATE
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
0.0932
Linear regression slope.
Intercept
-0.0052
Linear regression intercept.
Saved 4 months ago · ID: fred-unrate_stock-xpo_monthly_5y